The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1891-07-31

worth 1899 600 600. or nearly o33 each
In 1880 rs. 952 600 were worth 1852 QUO,
600. or o22 each. The number OF COW
In l079 was one 10 little less than fou
OF population. In 1890 the number va
one 10 little more than four OF popula
ton. % that. relatively to population
the number Of cows had decreased ant
their value had fallen over 30 per cent
CHANGE IN THE VALUE or LAND.
81. Great as has been the fall In agri
cultural products, the fall In the price o.
farm lands has been greater still.
IS THE CHANGE IN THE LAND AND COM
NoDITIEs OR IN THE MONEY?
55. There must be some cause fol
this change In the relation Of money "a
land and commodities. Is the change ID
the things or In the measure-in the land
and commodities or In the money?
1t is plainly in the money.
Since the dem monetization Of silver the
world's money has been shrinking in VOL
ume relatively TO population and wealth
and its value has correspondinglY in
creased.
The gold IN the world has been spread
over larger and larger areas, and divided
among moro and more people.
LOSS SUSTAINED By FARMERS.
56. At the price OF wheat in 1873 the
value TO the farmers of the crop OF 1889
would have been o563. .OOO. 900, instead OF
e342, 100000, . difference Of o22l, ,OOO,-
900. This would have gone : long way
towards paying OF mortgages.
The corn crop Of 1889, ct tho price Of
1879, would have yielded 81 ,OOs, ,0OO, 900,
instead OF e597 OO0. 900.
At the value Of mich cows in 1873
The number In 1890 would have been
worth e5lO, 600, 900, instead Of $s52, ,00O. :.
300.
The cotton crop Of 1888. ct tho price
Of cotton In 1879, would have BEEN
worth 10 the South o6l6 600, 900, instead
Of 1922 0O0, 900. it, actual value In 1888
81. The difference IN the value oil
'arm products In 1873. and in 1882
correctly marks the difference between|
prices with free coinage OF silver, % we'll
% gold, and prices o measured BY theI
single gold standard. The value oil
farms and farm lands has fallen morel
lhan farm products.
II 10 not easy 10 calculate the loss tol
farmers and planters in the eighteenI
years from 1879 to 1891. BY the fall inI
The value Of fsrms and farm products eel
The direct result Of The change In the|
money standard. Their ability to payl
debts and taxes, at any rate, has been re-
duceo 10 the exact ratio to the fall inl
pricee.
EARNINGs OF LABOR.
The earninga OF labor, counted inl
have been reduced also. Whilel
many things which the laborer usesI
have fallen with his esrnings, taxes,
iebts. cost Of education. and many other
hings have not been reduced, the netl
FesuIt being proportional loss to labor Il
he greatest loss being. perhsps, In loss|
,f empIoym and consequently in the|
'otal earnings OF the laboring class.
THE EXTENT or THE FALL OF PRICES.
So. The extent Of the fall in the gen.
sral range Of prices cannot be exactly
'tsted. but tables made at different timeel
1y Soetbeer, Sauerbeck, Palgrave, the
London Economist, and various tablesI
10 this country, brought down to thel
present year. show On average fall on
prices Of from 20 to "a per cent, which,
3 equivalent to rise In tho purchasing
power OF gold Of from 40 to So per cent. /
60. That is, on the average three
measures or three weights Of everything,
,r three days labor, must be given for
be same quantity Of gold which two
measures or two weights or two days'
sbor would obtain before silver WAS de-
STABILITY or SILVER BULLION.
81. On the other hand, Il is admitted
hat silver bullion has remained prac-
icaIly stable ss compared with COM
generally although % compared \
With some staple commodities, a wheat, !
'otton. pig iron, etc., silver bullion has
isen since 1873
81. Eight aud half pounds OF cotton
Eould buy an ounce Of silver in 1879. !,
% 1890 Il took twelve and half pounds
o buy On ounce Of silver bullion.
Less than . bushel of wheat, Ct the
esboard, wonld bny On ounce OF silver
n 1873. In 1890 IL took bushel and sn l
ighth TO equal IN ounce Of silver bull
ion.
In 1873 barrel OF mess pork wssl
quivalent to l2& ounces OF silver bull
ion. In 1880 barrel Of mess pork
vould buy less than IL ounces OF silver.
A ton Of pig iron, Ia 1879, was equal
0 34A ounces Of silver. In 1890, col,
unccs Of silver was equal 10 value to .
On Of pig iron.
In 1878. ~ pounds Of wool would ex.
hsnge Tor an ounce Of silver. Ii 1890
took three pounds to get an ounce OF
liver bullion.
A comparison Of silver with labor,
xcept where the rate Of wages has heen
ept up BY labor organizations, would !
how similar results.
(ro BE CONTINUED
The South Bend Times does not over K
ate the Ohio situation when II says
Eastern papers that are % dead sure