Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1892-09-02
PRICES AND WAGES.
At Last the Truth About them il
Known.

lat Last the Truth About them il
Known.
Osasscrats JoIa Republicans fu Jssslfy-
Ing slaas Wages Have Risen and Prices
Have FalsM-Noe . Peg Left Tor the
Mckinney Psiess Liar 70 Hang . False
. On : Facts srsm the Un~anisnows
asa Nan-partlsss senate Repsrt.
Until within . few weeks, no comprehcn-
Isively scientific investigation Into The wages
Iqnestton for the period covered by the now
iTarih had boon com plctsd. although on
which promised unimpoachable results had
been inaugursssd. Bot judging BY the signs Of
the times. and the isolated facts which came
under our notice. We made tho following
lstassmsut . good while ago: 1.-THE simple
fact Of the msttsr b that wages have BEEN
higher. work moro plentiful. trade brisker.
foreign comnhcrce larger. average duties low.
o., manufactured commodities cheaper and
|sv r. class Of citizens moro prosperous since
the Mckinley Tariff passed than they wore
before In many years. We do not attribute
lall this to the Mckinley Tari6. but We know
|N to b . fact. aud every one OF ordinary
intelligence and Information knows that 1t is
. iaet. Why attempt to deny III"
since these words wsee written the Senate
Investigating Committee has reported, and
veriaes our statements In every particular. NO
doubt the Free Trader would like to shift the
argument from the solid foundation Of this
elaborate. n~on-partisan. Absolutely conclusive
report, to the meagrs data cited before It was
made. But 10 do not propose to allow him to
do %. Here are the facts, which No will com.
pei him to faces:
(EstaeG from @ Senate Report On Prices and
Wagss.l
"In order to give the statistics collected the
weight Of undoubtsd authority, tho committee
decided at tho outset, with entire uranlnitv,
that the Inquiry should be extesded only to
such subjects and be carried on through such
and By such methods - we're ap-
proved By the unanimous voice Of the commit,
TEE. and this plan was scrupulously followed
|in Ill dscisioos - to the character, general
scope and details OF the Investigation. All
honoured In the view that II the facts could
DO secured In such manner % to create gen.
|eral confidence in their accuracy. . great step
forward would be taken IN the solution Of i'm
economic problems. There was no
that the members Of tho commit
tee would agree about the political or even the
economic bearings OF the facts ascer,ained;
but all we're DESTROYS that hereafter thcrc
should DO no reason 10 question the integrity
CT the facts.
The committee consulted fromtime 10 time
several eminent statisticians a. 70 the scope
OF the inquiry and the methods BY which 1t
should be conducted. Among the gentlemen
consulted were Gen. +. A. Walker, Prot. Henry
c. Adams. Prof. Edmund J. james, Mr.. Ed
ward Atkinson and Nj. W. N. Grcsvsnor.
The committee are under obligations to those
gentlemen. especially to General Walker, for
their kindness In giving valuable time and ad-
vics to the consideration Of the details Of tho
work.
I'm the summer Of 1891, DR.. Roland p. Talk-
neF, professor Of statistics In the University Of
was selected as the statistician OF
the committee. and to him was given entire
Of the work OF analysing the statistics
collected and the ascertAinmsnt Of results. DR..
Palkner's report. which n ANNEXED h.rato
lAppendix A. embodies the resu,,a a. the IN.
vsst4ation, and explains In detail the reasons
for adopting the methods BY which these results
srs reached, The committee cannos express
steonSly their appreciation Of the or.a,
value OF DR.. Falkner;s services n mi. connac.
lion.
.fa stating the rsu,ta Of tha Investigation
comnarieons ARA made. nn,.e. o,hsrv,..
statad Nth tina nrloa or v.e.. "a, ~. maatha
~ 1ura. Iu,v ana Auer., 1aao ~. .,.-...