Daily Yellowstone journal. [volume] (Miles City, Mont.) 1882-1893, 1892-09-02

/ ~: e. y, : $50 -:
! Mn. rRrstnE>T~~1t Is evident that the
tariff question ~ to btcon!e. hy common
consent, tie lea,ling issue in the approach.
| in< presidential ctl.,r1ixu. In his speech
| ot June ~. thu senntur from Missouri (11r.
Trstl makes this untquivocal statement:
| II ain prepared to show that the Mcnin-
| Try act has had the effect TT increasing
prices upon Tho ,ectS~;,ries Ut lire to the
ptopl" Ut this country, anu that the state
| mtnt in his resolution referring to the
| senator FROM Muinpl that HI era Ut cheap
Hess in the necessares Ut life ~ being
, brought tn thu people of tlle United States
IL absolutely aud Internationally false"
| Onu Ut the principal purposes ct tile tariff
| inquiry ordered by the semitic resolution Of
| March u, ls.tl was to ascertain whether
this clntm ut the opponents of protection
/ was justified. An investigation much
more extensive and thorough than ever
before attempted was instituted. The
| committee determined to ascertain the
prices paid for ill articles of general con.
sumption ut retail In every part of the
United States Oil the first ut each month
from June, 1Sso, to September, 1901, a
period of seventeen months prior to the
passage of the nct Of 1850 and eleven
months subsequent. The quotations were
iii all c;tses secured from actual SALTS. The
places 1T which quotations We're obtained
were selected wit til the view of covering the
entire country geographically, md in,
cludeI typical commercial, manufacturing
and agricultural communities. The prices
were securrd by the tra11etl experts Of the
department Of labor with the greatest care
r
1tcted by thu unanimous nctittn of t he tom,
Mittee. with II vs'.W Vt covering every pos
>ihle eSpen'l': %tezif II fulniyin tllu average
cphtli,inn III llfe~-tllut IL, with iii inrol,lc
of 81 IL II ,0UD per 5.t,ut.,n.. :. -
Ifr results Ut ibis e.}flitir4ltIt>va and
exhaustive itH.s;lry ar. eIllitui.lrA III the
rcpoft recently tuItii. tNa114rt tinancc com.
miIt~e. This reunt rj,yet. !. ;;;;u.' printed
pA-t@ and cuastNlzE, 1tuye Than 121ft,tAF, diff
fe1ent tl4nta' IONS ;; :-:* T: ~: r. 80:
This invest itsAl iu,t elelIly CIT n1,Iixe~ tho
fnct That declihe instead Ut Rn advance
has ,aEtn rf;.ee In the prices OF the npce<-
Snrlts ri lIt ANIL I'll" resulting cost ST liv.
.lIA: Slice tue iul1ptIOn Of the i,ct If ItNt
Tile nrtjHlts "nrn .liyjaea into the follow
ing groNrs; i .~*
Eif.t+- Fuoti IT,. .:* : II: r
Suesntl--t ttts url clothing. !: = :*=: F. ~.
Ihis"1~-l'tlt! uy,l liHl,ttn;t. :z:: +. +: -.:
fonfs}l~~+l lunsefllrnisl1iug goo51a. T.: =: ~
t1it{i~-Drlsss mi chtn1icHls, ::..*. i.
Mkt if--A|ttA.t md implements, -~.:=:. =:
S@ttAtli~~ t,n1nl1er :nt"l building mate.
r:aIs. .:~ HI: = XXX: =: .>.: *. : -
The trreentn,. st decline fn he various
t-o1tp> en1,rue1 lii the suI.t.}ule is shown
Is tl== follow =,j4 tst',1t,* l,tItes for june,
,|N!*n1l August, 1>,H,: i,rins taken ~ n
'HsiA fHr comparison, and represented by
;1* nE1hler ~. e}fatszes 1,eius shown by
pes'2.4 3tt;1sses Ut fll.tt ttunher;:""
Ftnod G InE}
t!''A> rid clint liiIt4,. !H.sil
Futl h+tt i{gh'lug>.. NS.G1
;A':aI* anu lnrtettttt ~
l,u,hh.r and bftiil'> materials. .,s, I.
Drugs and tht>asI!a|*. !. -. p1M
llo'.e hr1stsa inv E4ltls.t +.,+.... 1H}
.A'a' HiafltpHa. 1l63
Averages. -, j. !. pgW
The tlnnnce committee also investigated |
FIR tlie same ptrlMl thu COURSE ut whole
wi" prices ut the great distributing etn.
ft'~ while this investigation disclosed |
.-reater fluctuations in I,rlte Of tlie articles |
selected, the general result WAN tho sumo, |
tie fall In Wholesale prices running SUBJ |
parallel with that 1T retail nricts,
;t'r.4rt's of decline arc In lit groups of |
articles. here it was |
ensned thu grentest advance had taken |
rlHGr.
II addition tn this inquiry stated above
he ep'n1nittee CAUSED retail prices Of the
1lfrrert articles included in these Iists IT,
"a ;aktn on Nav ! 1S0s,, at three Ut thu
,oi2ts ut which The original inquiry WIS
nade--1amely, Fall River Muss, Chicago
md Dubuque, In, The result Of this latter
inquiry shows TINT still further decline
II prices and In the cost OF living had
AIKEN place between Sept J., 1891 and May
!, le!c3, clearly establishing a cont nuance
It the tendency to lower prices and lower
ost of living.
1t is shown AZ Ii net result Of the investI-
cation that prices and the cost Of living,
,ased on the expenditures Of Il family in
primary circumstances, had declined 3d.
Ter cent. in May, 1s02, us compared with
he period prior to the adoption Ut the
arif act Of 1880.
tt Is difficult to sse how the results of |
his thoroughly exhaustive inquiry cuuid
IL surprise to any one. unless he Should
"a proffss+ onal tariff refor1ner. The DE-
line III the cost OF living was, as shown,
IT, The advance In Wages. IN shown by |
hc same report, was. ~ of per CENT. This
1Akes IN average advance in the purchas-
~ power of wages Of 4.i5 per cent. AS
uInIlK 5000 H. thu average income Of thu
antilles Of thu country, this would be
qliyntent to, hay, s25 per family or an
ggregnte saving for u, 000.0 900 families of :
}4', 00D. GOO f0r zach yeAr
The addition Of this vnst sum annually
, tho national earnings and wealth Is an
f1ika 1r.tli Hfa tHx sy3f |
[oquent voice than can command in b. +
alf Of policy under which such results
re- possible.