The sun. [volume] (New York [N.Y.]) 1833-1916, 1894-01-12

value Of farm products Il gradually, but sure
il The fr.t plsee those those VINO. since TIE 'v Wal
| bought farms and went In debt for them, o
whoin part Inherited farms and mberc,
| themselves by undertaking to buy on othe
heirs. 80 rule have lost them or must los
While II may have been possible Ia goo,
years to have got something ahead, IN ba'
years, or II misfortune overtakes them AM
people fSI p buck and are seldom able I,
| catch up again especially has this been tru'
| Again. while 4 farmer. during the time wher
bis boys are with him and all work on thu
farm. may get ahead enough TO clear HE farm
| to make farming pay By hiring help he Is sur,
| TO fail, and must give up his farm and live tn,
a seo ma as farmers get behind the Insurer al
WAYS appears ON the scene ready to take sd
vantage Of his misfortune, and a mortgage %
ing prices or. which Is the same thing, Will
! money ITSELF besides drn wing Interest apprs.
nf ,hs %ag S Se
hav. taken place In the ownership Of lands
particularly in the south and West, and the
came process IL becoming manifest In Ohio
indiana, and others among the most produe-
| Almost lamentsbls conseausnceot this con-
dition IL the Inability OF the people to main.
tain the former standard OF educaiiont and the
common schools are made to suffer from tbs
condition confined to the farming Districts,
but is, perhaps, ALREADY. quite as seriously felt
OF the poorer classes are no longer sufflcisntly
schools. Thu. the system f. impaired. II not
SUPPORT such facilities as are required by the
higher standard Of education that has been
But my purpose IL rather TO show the neces-
sary effect OF the constant fall Of prices on the
great AGRICULTURAL ciass. and to show that the
things 10 to change our whole system OF agri-
ss snSre IRON small iarm holdlngs to tenant
here as In Russia and Ireland, and II allowed
20 90 Oh long enough ana Il VIII not take very
io inig either. the farming class 10 this country
VIII pass into the condttlon Of the liberated
eerIs o. Hussie or the tenant farmers oi Ire
land: IL Is only NECESSARY to continue 70 IA.
debts and tayes must DO paid in othsJ words.
TO continue the conditions which will force
remain sa%s and the re. Sie!s m Sn
And as this condition prevails. indepe dence
ls lost, and Wpen the independence ofthe great
- ~. -. ...
But although the dl..s,5oy, eject, ct; q dis.
unorganiscd ind ustries. and sspeciaily On he
sseand.pr n H,sss; ~ does not stop there The
WI be seen further on Better profits on e
s,lss wnere orRanl2ation ana the reputation OF
rS ca nita ten1 10 heep Prices w draw iaRor
from cent. Wh0la
65 per cent, and the country has lost In ths
same proportion, =.
But the tran sfer OF popuIation fron, tho ANN.
try TO citiss must stop nj some no!nt This
point has Doubtless been alrendy reachcd
In the fIrst place. IA mas bsen shown Nv IN.
fall in the prices OF aeriouitural ngoducts The
purchnsinR power Of the frrming ciass has
been cut down by at least one-hnH And .y.n
II prices OF the things he would buy had come
down in the same pronortion In Witch bis
products have fallen he stili bas 1iitie Ian -
buy with. after paving debts md taSsa His
real Purchasing power Ia his surnlus aftsr Hv
ing and paying what he must INV Hence
with this en- orm Gus falling on in the capacitv
Of 30 OOO. OOO OF people deyoted I'd aRricnlInra
to buy. a seemlpr surpIus Of manufactnraI
products accumuIafes industrias ston lahor
ers are urlem pIoyed and trade IA restrictad
That's the condition now.
The plain neaninr OF nil tbI. Ia that "a
DOOJO0 OF pooplo cannot long cnn.tnas ~. s.f,
high wag 90 and rear Large nroilts nv selli,,y
th cir surplus products 10 30 iD0' 600 Of psonie
who have TO take low wages and ateno
profits In Other Words there must he and tbar.
will be n leyellInp down in ihess indnst riea.
the leyelling will be n0,ra' and not uD becanss
ward There IA no Inw In nonomie scJsrca
halter settled thsn that eslk.I viii f,ew nnJ
labor viii go from Indtit "a wRsra Sfa1t.
add wages ars low to industries where nrsit.r
and labor are hiaher until AN souiiIhrinm h