Peninsula enterprise. [volume] (Accomac, Va.) 1881-1965, 1893-09-30

fact that outside q few faVorablY stu
ated communities there has been no re-
duction Of farm indebtedness In recent
years, while the farmer has over wide
areas from year to year been reducing
his purchases Of the products OF manu-
faoture, although bis revenues have been
81 per cent above the present level.
AS 300, 00O. 900 acres arenow employed
in growing staple crops, 1t follows that
enc power Of the farmer to purchase
Is this year $1,56S, 10000 less than It
would be If he.was receiving the price
of 1s6S-7O for his great staples. If the
prices now realized In the farm markets
coualed those received from 1871 to 1875,
the farmer would this year be able to
spend 81 1850, 900, 900 more for manufao-
lures and other commodities than he will
be able to spend with prices at the pres
emit level. Were prices now equal to
the average of those obtained from 1875
to 1880, the purchasing power of the
farmers would this year be augmented
by s76S, 100000.
Should the crops Of 1893 give average
Yields and the prices equal those current
from 1881 to 1885, the farmers spending
power would be S645, 900, 900 greater than
with present prices. Even with prices
as low as those prevailing from 1885 to
1890, the farmers Of the United States
would have 1858, 0OO, 900 added to their
debt paying and purchasing power IN
1898, and like advances on the other
products of the farm would create an.
ample fund for building and general i'm
provement, thus employing more labor.
Much stress is laid upon the necessity
of cheap food for the wageworker, but
what possible benefit can be derived
from q cheapness that deprives the 3d.
10000 who produce food and fiber of
the ability to keep the wageworker en-
ployed by buying the products of artisan
and operative?
Doubling the present price Of wheat
would probably add tho price Of six or
eight days labor to the cost Of the years
supply of bread for the average family,
but with wheat at an average of 81 per
bushel at the farm markets and other
farm products at proportionate prices
there would be no idle mills, and the
Garner of wages would have that easily
procured and constant work which
would assure him the continuous ability
to buy bread Would not that be far
better than existing conditions and
bread unattainable, though low in price?
We recently published statement to
the effect that the 1900 young women
employed in the Warner corset factory
at Bridgeport, Conn.,, had been reduced
to half time; that 600 of them were I'M
able to buy food and were fed by the
charity of their employer. Such condi-
lions exist because the women upon the
farms are unable to renew their corsets
with wheat selling west OF tho Missis-
sippi at from 80 to 40 cents bushel.
The relation between the price of
wheat, the lack Of power to buy corsets
and the idleness and inability of the
women of Bridgeport to buy bread is as
obvious as that between the earth's
movements and day and night.
However people may have disagreed
about the late Zach Chambers states
manship, no one questioned his success
as O merchant, and this was due as much
to his power of discerning economic con-
ditions affecting his customers as to the
unerring Judgment with which he pro-
vided salable goods. Soon after the close
of the civil war, being asked if he could
find sale in the farming districts for
lot of rich dress goods which he was
shipping to small inland towns, his reply
was characteristic:
"Sell theInl Sell theml Why, the
women on the farms of Michigan have
discarded homespun and calcoes for silk
and merino, and no farmers son now
thinks of going out to plow unless
dressed in doeskin trousers and calfskin
boots. Don't you know that wheat is
selling for SO a bushelI"
Such was the late Mr.. Chambers way
of stating the operation Of that economic
law which enables people to buy liberal
ly of the products of others.
Mills and furnaces are idle and o2er-
atives unable to buy bread because
large part of the 100000 inhabiting
the farms have lost their purchasingpow-
er; the purchasing power has been lost
because the products of the soil have
over wide areas sold at or below the cost
of production; farm products bring in
adequate prices because primarily Of
the existence during recent years of q
cultivated acreage in excess of the worlds
requirements, and there are those who
believe that the depressing influence Of
this excessive acreage upon prices has
been intensified and augmented by
methods employed upon the produce ex-
changes York Sun.