The weekly tribune. [volume] (Great Falls, Mont.) 1891-1894, 1893-06-09
THE FALL IN SILVER.

From time to time this paper has made
comparisons from official figures to show
that trade, commerce, and business have
been adversely affected by the decline of
silver. That our readers may realize the
accuracy of the statements made, we
give the following from the Salt Lake
Tribune, one Of the best authorities on
the silver question:
Wheat, we are told. fell to &C cents in
Chicago on Friday. That is a little too
low, The average price of wheat in 1872
in Chicago was Sl.2O per hushel. In that
year silver was worth s129. Now silver
Is worth SO. As $40 is to .S2J cents.
SO Is 3l.20 to the answer. and that gives
wheat nearly u cents. Wheat in Chi
cdgo ought TO advance nearly 10 cents.
BY the way that would be a good prob
lem for our New York friends TO prac-
tice m. Let them take the price of
wheat and the price of silver in 1872.
with those two prices and the price of
silver now, make a problem in the rule
of three, and they will see Just about
what wheat ought to be worth, and by
changing the figures they could come
within "a penny or two of the price of
corn. of butter, of coal, of iron. Of manu-
featured wooden goods and Gotten goods,
and unless they are more stupid than
the BOBBY bird, could realize how much
they have been losing through the fall in
silver. The natural Price of wheat ought
To be nearly - cents. The fall below
that is simply due to the bear move
ment which struck the market on Fri
day. Left to itself it will naturally gray
tate back to IS or - cents.
On the same subject the famous cor
respondent, Dan de Guile, writes as fol-
lows from his post on the ruins of the
ComstOck:
As was expected the Carson mint has
been Closed to coinage. This stops the
coinage of silver dollars, coins that are
an eye sore to the iIessian bankers of
the eastern financial centers-Solomon.
Moses and Levi from over the sea-apd
their plutocratic uncircumcised confed-
crates native to the soil of New England.
The dispatch bringing the news has to
1t d wind-up which would seem to have
been dictated by President Cleveland's
partner, Levi. 1t says the coinage of
silver dollars is discontinued ''as there
is no demand for this class of money"
Among the Doodle bankers of the east |
there is no demand for any class OF
money except that which they are able
to control and manipulate. IL this
scheme the present condition of the
country shows that they are succeed
ing well. 1t is like that of Ex-Sec-
rotary of the Treasury Foster IN
vestlng in real estate and then working
Tor the enhancement Of gold-for MAX
ing money dear and all other property
cheap. lie ought to have known that
gold was gradually and steadily killing
all else. In former times land was a
safe investment and the best of security,
but since 1913 land has been steadily
gong down year after year and the soon
a man who had invested in that kind
OF property sold it the more he saved of
his money. The present financial policy
the nation, the Wall Street policy, is
10 give gold the advantage of land, of
products and of all else. Enhanced god
devouring the country and all in it
VINO belong to the producing class.
When half the Lawful money of the
Try was killed all Just proportion be-
.ween that left and the land and com
was destroyed. The develop
nent OF the country is being systemati-
ally arrested, as men will not buy, re-
lam and improve land when they see
hat land already improved is steadily
,oing down in price except IN IA few par [
icularly favored localities.
These are dark days for many parts of ,
ne republic, and if the administration ,
lad a full realization of the facts as they ,
'xist today, WI believe that the extra
ession OF congress would have been
allied for September /.