The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1891-08-07
From the National Executive SILVER COMMITTEES /
FACTS ABOUT SILVER.

From the National Executive SILVER commi,iss.l
FACTS ABOUT SILVER.
THE DIRECT RELATION OF WHEAT AND
COTTON TO SILVER.
50. Prices generally might advance
las the result Of an increase in the vol.
lume OF money, without materially af-
fectipg wheat and cotton and other pro-
ducts that come In direct competition
with India
| g. The reason for this Il that silver
bullion IL admitted TO free coinage into
rupees 10 India on the ratio Of 10 to !,
Ior ol37 an ounce. Prices 10 India 10
silver have not materially y changed since
1873, snd in . country OF such extent,
where habits are fixed - they are there,
changes, IL at all, must be very slow.
consequently, Is silver bullion falls, It
takes less gold to get the silver 10 con-
vert into rupees to pay for wheat or cot
ton. In other words, the same number
of rupees will buy . given quantity Of
cotton or wheat in India, regardless OF
the gold cost Of the rupees hence. a
silver goes down, the gold cost Of wheat
and cotton in India Is reduced, and as
our surplus wheat and cotton goes 70
Liverpool 10 direct competition with
1.-The wheat and cotton Of India, II must
|go down as the gold cost Of tho same
|products In India 60 down.
| IS. India never did compete With %
lin the markets Of Europe, 10 wheat and
cotton, until the so-called decline Of ell
lver but in reality the rise In gold
In ade II probable TO the European buy.
lers TO purchase these products with ex'
,Ichange bought at : heavy discouut OF
account OF the fall in silver.
She could not now compete with Yves
tern energy and skill were that cause re
moved By lessening the abnormal valu'
of gold. which the restoration OF siIve
will do.
!, When silver went up last GUNNER
1.-The shipments Of wheat from Calcutta
: land also from Odessa, Russia. wer
Ichecked.
Wheat advanced sll over the world
: Icotton also.
THE COMMON ISTEREsT or TTARMEBs,PLAS
TERs AND MINERS IN MAINTAINING
SILVER.
66 The farmer and planter, there
fore. have as much interest 10 maintain
ling tte price Of silver as tho miner, IN
lw hen the aggregate value Of our whei
and cotton crops, o compared with d
IsiIver production and their relations
Iother psoducts. - considered. Il will
looon that farmego and plantore have
: Ivor than the uiueso.
InxLATIvE PROvIT - MINERS AND YAn'
Ens % = nroD n slLvBn.
81. The total psoduotion % silver
~ 1.-The Unieod States h 1850 We ob0ut q
IOO0O0O 0upeeo. Twenty-Five per eel
! Ion The value of that would b but fro
thirteen 10 fourteen millions Of doIIai
while twenty i've per cent. on the val
DER or the wheat and cotton crops alone,
!lSS9. would be o15O,OOOO00.
68. While " heat and cotton land
Idirectly other agricultural products 10
Igreater or less degreel rise and fell vi
silver bullion, prices generally will 4
: |only q the volume Of money IL increas
Z. relatively to population and wealth.
50. Economists agree that with
= lshrinkiDg volume Of money prices
W ways tend downwards, and with fall
Iprices industrial prosperity is impos
Ibls.
ss- THE EFFEcr ON LABOR.
- 10. IL Il self-evident that labor f.
Il. Ibest when industries are active; ind
Itries are active when they ere prosp
EIous. In other words, labor dnds ste
Iier employment and earns more 10 gt
times than In hard times. Good Tin
4, Inever 20 hand in hand with scarcity
money
II. Wages Of labor cannot be
cressed BY making money scarce
ana dear any more than they could oe oy
him !cressing the weight Of coins.
lin times when the money volu ~
lshrinking and money Il growing dcs
1.-The rate Of wages Of those who are
Itunate enough to get work il kept up
M labor organizations, this fact is %
" Sltimes overbalanced by the loss Of
IearDings BY the increased number
lean find no employ meut.
72. Thus, since 1874 while the
Iof wages in some industries may B
- Ibeen kept up BY strong 0rganizati
~. land possibly in some few even sdvau
Iyet the total earnings Of the entire la
population has been largely reduced.
Is. The only way possible to incr
|the earniDgs Of oil labor is to incr
|products; for IN the last analysis vi
are but the share Of products which Y
gets. -,
tends, - money stripgsncy always q
- 10 lessen the total pr0ducts Of labor
= slcapital combined, tends to leseen
lesrnings Of the laborer on which
|msintainance Of himself and family
I'D. lpends. No class, therefore, be- : g
LEI interest in msintsining condit
4 Az NJ that promote good times than the u
ieisod. ling claes, and no class knows better
~ they that stringcncy 10 money is str
- uIation Of industry and starvation
II, Yllabor. ~.
80 Is. Allison says sths downfall Q!
Roman Empire, 90 long sscribed
Ignorance. 70 slavery, heathenicms
:. .,slmoral corruption, was 10 reality bro
oi about By decline 10 tho silver and
|mines oi Spain and Greece.'s
ID. After the discovery Of Americ
,o,-~.Iturther says the precious metals
-