The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1892-05-06


pounds or sixty pounds per capita
Price lI-a4 cents
The crop of Isss-sg was S,2T4. sT2. $50
pounds, or dfty-fuur pounds per capita
Price, lO.1I cents
The crop of Issl-s2 was g, ass, ,225, 600
pounds, 11rty-seven pounds per capita
Price, 12-1C cents
The crop of 1ssI-5S was 3,291, sZI, OIL
pounds, or dfty-four pounds per capita
Price. 1927 cents.
Average price for "a pound of cotton
for sixteen years, in gold l1.67 cents,
being 3 ss cents less than ia 1878.
Average price for "a pound OF cotton
for sixteen years, iu silver bullion ,com-
modify or market value Of silvcrl, 4s-35
grains, being 1880 grains, or 2.77 cents
less than in 1873
Average per cent increase I'm pur-
chasing value Of gold. Sl.S5 per cent
Average per cent. increase in purchus-
ing power OF silver bullion at its com
modify value, 1923 per cent
These figures prove ConClusivelv that
not over-productiou og cotton but uu-
der-production of gold has caused the
steady rise ia the value of the Uoiu dol
lar commonly termed a fail in the price
of commodities- But it may be very
yer dollar Is not also steadily apprcciat-
ing, and whether 10 Is certain that the
free coinage of silver would afford MS
anything like an adequate measure of
relief
1t must not he forgotten that debased
and demnuCtized as silver has been since
1878, yet the purchasing power or eE-
chanEea5le value OF silver bullion, while
depreciatiug when considered in it's re-
latiou or ratio 90 gold, has nevertheless
steadily increased when considered iu
it's relation to cotton, wheat and other
commodities, SO much so as go cause am
average decline in the price OF cotton
for seventeen years, of 2-T7 cents per
pound and In wheat of IH cents per
bushel. such price being measured by
silver, not ass money, but as "a commod-
ity OF bullion
Vow, free coinage would have iu-
crease the average value ls6-H cents iu
gold)s of 8sl.25 grains of silver. for the
past seventeen years To 100 cents i'm
gold, or el- and would ueCessuriiy have
made the purchasing power of 8T1-25
grains of silver exactly equivalent TO
that of 25.lO grains of gold. Are we
sure that free coinage voutd have put
"a sufficient amount more money in cir
culution to couuteraCt this result and
thus cheaper both the gold and silver
dollaF2 In this connection we must not
overlook the startling fact that gold
and silver combined lsilver being esti-
mated at its coin or money FllueI IgIL
short from 1873 to 1850 of amounting iu
output or production, 20 the per capita
production IN 1873, i'm the sum of 12.5s
cents per capita for each year upon uu
average for the whole sixteen years
That IS to say, that FL the prices of 1878
were just about right and prices are
regulated by the volume OF money in
circulation. gold and silver combined
lacked i'm output l2-5s cents per suuum
per capita of being able To keep prices
up to the standard of 1873
Assuming the per cent increase in
population 20 be she same for sixteCu
years and taking 1881 as "a basis, gold
lacked an annual average of Sg-5I5-O3i
and "a total sum OF SE20, ,24O, 54H of the
output of 1878 Silver ON the other
hand shows an annual increase of sgT--
1O3 and total increase for the sixteen
years OF 81. .288, ,55s.
Tt must be borne in mind that the iu-
creased demand for gold and silver for
use in the arts, which accompanies an
increase in population, yet further de-
crcases the amount available for money
coinage