The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-05-28

OwnoDnA ~ ~ - = 1019e 1880 -
vHnnsuuTUs CITY DUnGAC--sil vsur
ss.ssA sassus sppsn wnlassA Aian = -
TAc0a1A sUnsAu : isas s.nas As.s~
49, $1,000 mnnnUuG
nxx11uouA4 1Ar DunUAC-Ssw ~
-. Om0 uA1y - cnnse ssssaA Q. II eu>
SKlrxxx H0xDAI. HAY -.
sILvxs AaD RniCB ~ WnnAS.
a lhvsssts Hopsiiss Ao9ms b thss -
prices u wheat and al other things that
msn havs To ell hass bssn dominated By
ths prizes OF silver: that ''for twsnty-ons
yssss The pncs Tor "a ounce Of silver has
bsss shs vsius At bushsi Of whsat; thst
prices Tor cotton. corn, hoesse and land
hsss bssa dstsrnissd b. the price for
silver; shat shs tscuhass for the whole
world have bssn esussd BY undsrcon-
sumption, snd this BY the appreciation Of
eoid; shat wheat hes declined saacs silver
vas dsmonstissd. snd thst I'll existing
connvcisi and industriai Ills ars due 70
The demon tisasion OF SILVER"
That thss dogma Il : fAliacy has bssn
sxhaussivsIy shown By David 4. WsIis in
The Forum, BY the New York Euen-
ing Post and By the New York
Sss. In matters OF economic facts
asd figures Mr.. Wells. Mr. Dana and
Mr.. 0odkin. Who ars I'll independent
Democrats. msv b snttrsly trusted. They
- not only ali able msn. but men Of very
laf9s reading and accurate Information.
~ no time since ls73 hare The prices Tor
everything thss msn hsvs 10 ell bssn
lower than IN the pears tmmsdiassly pre-
csdfng that time. nor have ali the prices for
things produced Or sold declined. The
pfics for nearly every product Of manufae-
tuss has fallen bseauss Of greatly issssnsd
cost bus nearly every form Of labor has.
the world ovsr, sold for higher prices since
lsso than Ut any time prior to 1874, except
when affected By ths civil war in the
Unitsd statss: and - much ~ labor has
fallen in thslass eight months. the general
lsvsi Of wages 10 higher now than In ls7a
Very many of The products Of labor sell
much cheaper than prior 70 ls7s. but this
y bseauss Of the increased productive
power a. ssch labor unit, ana because pro-
ductien has outsun the power % coasuma
There are many examples. however.
where the prod pct Of labor instead Of de-
slining n pri)s hss shown marked cd
vance since is7a Coffee thes sold in New
York ss from cents 70 II cents pound
from tsss 70 iS5l y nov sailing at II cents
. pound. although II sold - low - S,<
esnts In lisa Has the fall in the prics Of
silver % Affected this product - to cause
Il 70 advancs from 10 csnts In 1870 70 Is
cents in 1874: 20 fall again to IS cents In
ISIS. and then advance 70 20 cents In 1877;
and then 10 fucsuats between ek and 20
cents In the pears between is77 and LEAF
Lard 10 one Of the things thst men ssll,
yet Il brought but sI< cents In New York
city In 1879 and sold for i0X cents in No
vsmbsr. 1893. and II now worth - much
- In lS7A
Corn il another product the price for
which has varied from high TO low and
from Low 10 high REGARDLESS Of the drift Of
silver. In July. 1873. corn sold In New
York city. In terms Of gold. for - cents .
bushd, Jet In 1875 II sold for 81 cents; Tell
% - cents In ISIS. and advanced TO sl
cents four years later; again declined TO
- low . price N - cents In 1855. after
which. In iSsa. it advanced 70 % cents.
Altar the harvesting OF the great crops Of
Ises and 1850. crops that aggregated moro
hushsls than any other two ever grown.
che price dropped to 81 cents. which was
~ lowest point ever reached. just a. the
Per capita supply Was then the greatest
ever known. Although corn sold In New
York city in April. isso. for 81 cents. Jet
% little was IL affected By the fall In the
value Of silver that Just year later IL sold
for e0k ecnts. or an advances Of 1l6 per
eenI Surely this enormous rise in the
Price Of corn was not caused by decline in
Ne rrice Of silver which has occurred
oincs iS7a
From 1874 when cotton vss selling In
usw York tor 50 cents In gold pr pound
o fell steadily from this high war level
uatii 1878. when the price again reached
che level OF 1890 In is7a the price of cot
tsa had. from the highest point, already
fallen % cents . pound. or 20 per cent
more than it has fallen since. Was thus
Ill Of ~ cents prior 60 ISIS due TO other
sonsss, while the fall aimee isTa 10 due
oiene 20 the tail IN the value Of silvers
Prom is-s to ison the price fiaetuased BE-
tween es and Is cents. a. the crop hap
pened to he abundant or msaSer, and the
average Of the twelve years va. very close
- the average Of the twelve years ending
With isea. although after two very short
crops in 1876 and isoz the price rose. in shs
lister months OF 1857. despite the acute
money eFisis then prevailing. TO ISL cents
psand. OF the highest price known be-
tween 1850 and 1894 II We exclude the
prices OF the var period. say from 1851 10
M
The price Of cotton has varied Only As
s0scsed BY the supply and demand and
esssn moved In the direction opposite q
sAaa taken by silver. The crop Of isss xas
che arsasest ere, grown tili that time, and
aggregated nearly l.AO.np bales. hus the
crop Of iseoexcssdsa IL By I. sno. ooo bales, o,
Arsr cenl: and sAis great crop was i'm.
Hedsssesy followed BY one Of sm.m
eaies. Or - per cent. In excess Of the error
~ issa The erors Of isso and issi axrre
eatsi IL. 10. 90 bales. a. against II. ~. oss
holes from the hAxvssh 81 iSss and iSss;
sad after the harvesting OF the two creates
sops the price ssii more shaa - Per cent