The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-06-06
CAUSE OF THE DEPRESSION.
A British Politician Talks OF ARrf-
culture and DimetaIiIsm.


EDINBURGH. May s0.-An important
speech, touching upon wheat. silver,
gold. American mining. railroads and
land mortgages. was delivered here to-
dav bv the RI Hon Henry Chanlfn
,,,,,...,,...t... ...-t,.... - 49,. - =,
,.rt,,,1...-, -, -, .,.,,..,...-.- -. -,
"''"'e az i@''u 'ai'S'"i! le~'' s"N-
eIhineht The speech vas an address I"
"A crowded conference Of the scottish
o,.,,,t.,s 80 t,,sl.,,,,,~,. 49,, "a g. tts
subject. "Bimetallism On Relation 10
Agricultural Depression"
The speaker declared that the aericul-
u:ral dopresslon WAS chiefly due ~ the
STEADY and heavy Fan IN the nrices OF
produce which he claimed was due 10
The monetary, changes ~ 1Ss2 and couid
only. no s.or-o5 IA. -,,.o,,,,,,, =, t,a ~
NUS "''''e'aIS system -N'""uE 0o"'u
ipisee where the present fan M prices
would end According TO the latest
table the fan from, 1874 fo fSo3 If 40 Dsr
,,rt o., ,,.t..,. ,-..,.. ,,,.......... .,,ts r,ho
- i' "''"N "ii'f's 'i"7'i"'0S 1i'i'' 'N
h'i'sn commissioners Siuoied the price
| OF wheat IN Amerira in 1879 and believed
that in could never no aNported cheaper
49,, a. go, -,
80 s-'''''''eS P'' P""i ~ n"'
fe'loi l"u''" "hea' was sou i"S' "eeA
Continuing ne said the majority Of the
WARMERS bali.,.,., 49,, e,ll =, ,,,l.os q Az,
T., r,-ofo., ........t... - -. 80
W. '''Nie' N'i'if'ti'I'" an" t'"e t'D
remedy was protection But the fact
thai halt the countries Of the continent
and the United States. while imposing
me heaviest duties upon imported pro-
dCee, complain 0f agricultural depression.
refutes this argument, Mr.. Chaplin as
I serts.
aFaN rFH HnHmH
Touching unon the farmers If America
ba ssta tb.+ en-. .-.-,f- a., -. bosr,-
F
udHy ruined ana becoming bankrupt
faster even than the British farmer.
Others contend that over urod,lction il
r-snopsit,le for .b, en- an ,,.f,,s. b-,+ ba
-, -......,'- =, -.
- 9"'" ''i"' til0
ueh oI wheat has decreased. although the
prices have fallen Therefore. from the
point o. view Of the speaker, It was
a. ieai anu Ilul'uipus 10 dlIlnute the
IAN IN prices 10 That cause. The real
cause he said. was the characterization OF
SiiNet ID ~" ana the subsequent IL
Nergence or the relative values Of metals
| which enabled the silver using countries.
! like India. 90 export wheat at the pres
| est low price Mr. Chaplin also SAID;
And If silver continues TO fall there IS
! no reason why wheat should not cheaper
| indefinitely. We propose. as a remedy.
| the system which prevailed prior 10 1873
The failure of the Brussels conference
/ Is no argument against this. as II has
Slloe peeh eleaIiH FroEcd tnat nothlnB
broke up the conference. Chancellor Won
Capriyi's subsequent explanation Of the
conduct of the German delegates con-
e'eSl'eis pl0.eu lllis 90 Oe lag.. M
,,,-,-e,,,, 30, ,t, ,,,,t "a r't,,tlS
| out especiallv. the irlportance OF Tresi-
dent Cleveland obtaining powers 10 re-
| summon the conference, adding: My
a.,sEe 20 IN Al suii'fllt ma an asree
o." 80.
soiu ~ llll''sslDlc, " 'lldt we Dililelalllst
~ y. any ,l9 - ilst 'il.,ll In IN
~ az ~ "'.I ii ia -, - 80 .
lndl us ilidIhe Ili WIN ~ " alls
49,, IN - lI t ~, S
| an agreement vollld. i'm our opinion. not
- - - - i. -
alietI tllS m 'e ', az - "'g ~,
! i,,,,,c,s. exis+i,r- r,e,es ,I,,e sree,,r,s..,f
th,, 40, ,,,tar,,tioroI o,,rao,,ort would
-, s..,,' 80 - - ~
| AneTican ana Mexican silver mines aces
| NOT touch the question of its eNnediencv
- - ,,,iii,,. m, 80, i,,,,,-,s,,,
GU s','e, -. uu,,l'' t et,.,s
| being the Greatest credit nation Womb
| ro,o,, bar debtg la the chea nest metal
~ -, ~, IN ,,..,als ,,.o,,id -
| forp, eo,,ai functions while. ON the other
hand we ask IL il Is wise for a creditor
=, ,,,harrsss his Debtor bv monetary
| ~. -. 49,, 90 .'''''
The speaker then referred % American
railroads and made the assertion that
one-third of our number was i'm the