The times. [volume] (Richmond, Va.) 1890-1903, 1893-08-26

80, ,o money power Every man who
anv nroperty Is a part OF that pow
"a as far as we can make out the
500 90 of small depositors In savings
ranks who own in money N.7oo"o'"o
nons,,,ute the most tremendous money
.r there is-one Of which the Banks
.,.na IN awe-and against these hard
| earned savings" Mr.. Jones would lever
his batteries until he had reduced their
| 100 cents to 80.
As MIR. Jones proceeded he caught an
| ,n.n,ra,ion from the wild west. and tame
" emulating Gov. Waite Of Colorado. he
| exclaimed:
| "Ths unconditional repeal OF the Sher-
| man law means that this country IL 10 De
/ hereafter on an exclusively gold basis,
T, means that henceforth monometalism
| ,s m be the fixed policy of the United
| states as IL has long been Of creditor
| England. unless the people reduced TO
| want and goaded TO desperation by the
| merciless exactions Of a moneyed aristo-
| cracy. whose greed is Unsuitable. throw on
| the intolerable yoke of oppression and Sc
| cure through revolution what their repre-
| sentatives have denied TO them.
Shade OF Patrick Henry. If this be
| treason make the most Of IT,.
MIR. Jones insists that to demonetize
either metal you double the purchasing
power Of the other. and so cheaper by
lust one half the price Of property and
labor. And this too In the face OF the fact
that labor has steadily advanced in wag-
es not only in nominal amount but even
In a greater degree in its purchasing pow
er, that no class of people would suner
so much by depreciation Of our money
as tn ose who live on wages and salaries.
MIR. Jones is possibly too young 10 re-
member our Confederate experiences in
this respect, but he might have read
about II.
The price OF wheat Is brought In as
cinching argument to show that gold has
enormously appreciated and that silver
is the true measure of value. The ounce
Of silver and the bushel OF wheat being
trotted together as a well matched pair,
and yet the phenomenon is soluble. Both
wheat and silver have been produced In
superabundant quantities in the great
West. New fields and new methods have
been opened for both. The subject has
been fully explored and explained and
Mr.. Jones could easily have informed
himself.
But why should Mr.. Jones distress him.
self about the price of wheat.
We have not been able TO get the full
statistics OF the State OF Virginia for 1890
but perhaps enough to show that In that
year her population was 1,655,9s0 while
her production of wheat was only 1914,
900 bushels. Now in England the con-
sumption of wheat is estimated at bush
els per capita. including seed wheat, and
allowing bushels per capita in Virginia.
we find that Mr.. Jones' state buys 2,6S5,
makes. Mr.. Jones own district in 1880
we have not the figures for 1S9O-had a
population OF 1924 and produced only
4Sl ,657 bushels OF wheat. BY the same
reasoning that district bought 229,sG
| bushels Of wheat more than IT raised.
| OF course It will be understood that by
| wheat we mean the equivalent Of wheat
| in wheat product, -four. bran &c. Now II
| the rule of the greatest good to the great
est number is to prevail, the majority OF
| Virginians are In favor OF cheap wheat
| Indeed 1t is we'll understood IN agricultur-
| al circles that only certain favored re-
| gions OF Virginia can afford to raise
wheat against the virgin fields and cheaI
| methods OF the great west.
| MIR. Jones constituents are concerned
mainly with oysters and vegetables ant
for them they find their market in suct
gold bug cities as Baltimore, Philadel
phia and New York. If these hot beds o.
tyranny and money power should under
take to pay Mr. Jones' constituents in
deprecated currency and send back rot
ten money for sound vegetables he
might with propriety put on his wa
paint and justly appeal as he says, to hi
Democratic associates to take the sid
of toillng down trodden, helpless human
ity".
We sincerely hope that what our cor
respondent said IS true and that Mr.
Jones has made one OF the best argu
ments against the unconditional repea
OF the Sherman bill that has been mad
at all, and II he has. the bill will be un