Marshall County independent. (Plymouth, Marshall County, Ind.) 1894-1895, 1895-11-08


value.
In 1870 the line says that there are
cnly fifty-five feet in the wall when
there are sixty true feet. Now, let us
apply this to wheat or corn or anything
the farmer has TO sell. Let wheat be
worth a dollar bushel in 1913. Then,
fifty bushels, when measured under the
line. will bring $50 In 1871. fifty-five
bushels under the line measures S52.JO;
in 1870, sixty bushels under the line
only measures 500. You see. i'll the
space of two years the dollar has APP
preciated so that so buys the same
amount that $50 would in 1873. Let Us
take period of ten years, from 1913
10 1883, and see how it affects us who
were selling hogs. corn or wheat TO
pay off Il 81 900 mortgage at 8 per cent
on eighty acres of land. In ten years
we add ten sections of five feet each
to the WALL which makes the wall 100
feet long. We add ten sections of u:
feet each to the tape line, which makes
1t seventy-tive feet long. The line says
wall when there are 100 true feet in
the wall This shows that one of the
units in the line measures one and one
third units in the wall. or il means that
81 in 1855 buys one and Onc-third times
as much as it did in 1873. Now, 100
bushels of wheat when measured I'M
der the line will bring so. This is 10
cents bushcl. or decline of % per
cent on wheat Now, this is a decline
of - per cent. on Il buShel of wheat. or
4 rise of ,}}3 1-3 per cent. on the dollar.
You see. when You sell the dollar for
wheat that it buys one and One-third
bushels. which is gain of So Is per
cent over 1873, when it bought bushel.
Let us see how mitch il will take to pay
off the mortgage. 1t will take /. :::}:} 1-:}
bushels. What does this mean: The
figures on the paper in the mortgage
read 1000 principal and rate OF inter
est Q per cent Is your debt any larger
that when You contracted it? Could
YOU not pay a mortgage of S1.333 Is
ana interest at II per cent. with wheat
at dollar a buShel just as easy Is YOU
can $1,000 with wheat at 40 cents Il
buShel? You see your debts have been
increased. not By raising the figures on
the mortgage. but by contracting the
currency and dcpreciatin the products
of Ii Dor
Let us take a period of ten years
more from 1889 to 1893. and see how it
IL. a.
more to the wall. which makes the wall
100 feet and ten times two and one half
feet. which makes the line 100 feet
long Now, the line says there are 100
feet in the wall, when there are 100
feet-150 bushels of wheat measured
under the line brings only 800. This
shows the buShel to be worth 66 -:
cents. which is a decline Of So ID per
/ cent. on the products of labor during
the last twenty years. or since silver
/ was demOnetiZed.
| While on the other hand. the dollar
will purchase one and one-half times
as much as it would in. 1873 The dol
! lar has appreciated 90 per cent. 1t will
( take 800 bushels of wheat at G6 2-3
cents per bushel TO pay the mortgage.
/ Now. could you not pay mortgage of
/ 800 and interest ut 1872 per cent
/ with wheat at 81 bushel just as easy
as YOU can the $1,000 mortgage at .
/ per cent interest with wheat at &C -,
cents a bushel? Contracting the cur
rency is an Indirect way of increasing
| the debts of the labOrer.
Now. if we double the number of
units in the line we double the price
of those iii the wall, or doubling the
volume Of money doubles the price of
commodities. Take out one-half of the
feet in the line or one-half the money
half the value of products, or lower
them 80 per cent. Dividing the money
i'm circulation doubles the debts of the
debtor Doubling the money in circula-
ton divides the debt.
Why gold is high and silver low com
pared to twenty years ago is because
gold is in the line and silver in the wall
The gold dollar is not honest. because
it does not answer the description of
an honest dollar. Two ounces of gold
in 1893 will buy rs much as three in
1873. You would not submit to have
your corn or wheat measured in meas
IRE that held one and one third bushels
and give you credit for Il bushel, neither
is it right to measure silver with the
gold dollar and put so grains of silver
into the dollar. The 412H grains of
silver will buy as much commodities
now as it would in 1873, when it was
worth 81 and mills.
1t comes nearer answering the de
scription of an honest dollar than tin.
gold dollar, because it has commanded
about the same of human effort during
all these years. We have just as good
right to demand that SO 40 grains
Of gold be put into the gold dollar as
they have to demand SO grains in the
silver dollar.
The difference between the gold dol
lar and the bullion value of the silver
dollar is the distance between the gold
dollar and justice. The general price
of all commodities has declined 80 pei
cent during the last twenty wears