Alma record. (Alma, Mich.) 1878-1928, 1895-06-07
WHEAT AND SILVER.

revenue only, are just now >hooli"S
OF their ..bazoos" on the wheat question.
They say, didn't | tell youf lou have
been saving all the time that an ounce
If silver is always worth just bu'hel
Of wheat, and when silver Is low wheat
is low. and when silver i worth
dollar and twcnty-nine cents wheat will
ue worth Just about the same. But
now see where your theory IS; wheat is
worth over eighty cents and silver
hasn't budged from the old mark "A
single point.
This kind of "clap-trap" is now very |
popular among the dear defenders OF
honesty (3-among those who hold 1t
dishonest for the debtor to pay less
than he agreed, but that ii i honest 10
force the debtor to pay more than he
agreed. and the more he Is forced to
pay the honester he Is.
But these "honesty howlers' have
overStatcd the case IA trille; we are not
sure but two or more. How lave
wheat and silver compared during the
last year on more? Well. 10 bee candid,
wheat has been lowering along about
- 10 80 cents, and silver about 60 cents
touching 50 as about the lowest point.
Thus wheat has been for a long time
from 10 to 10 points below silver.
Along about four months ago silver be-
Gan crawling up and in about two
months reached 81 70 60! cents, at
which point it is now standing and has
been steadily for the last two months.
And wheat in the last few weeks has
been climbing at lively rate, passed
J silver with Jump, and is now lowering
AT about so 10 50 or So cents. This Is
- TO lG points above silver. Unusual
o causes have made this jump. Among
l them we may enumerate, somewhat
r. increased foreign demand; the fact that
/ much wheat was fed To stock because
Of the low price. making a shortage in
+ the visible supply; very general re-
y port of injury to the crop by early hot
It winds in some parts and by the recent
: fro,ts; and lastly, bull speculation
& which has forced the price to the tol
r notch. Whether wheat will re-
man at its present high point will de
% pend on many circumstances: but II
= any case. when the average price L
lie struck for the year we may not eXpec
= any wide deviation from silver in thu
It price Of wheat
a But we wish to impress this fact OF
.. the minds of all: Bimetallists do no
he claim any exact parallel in the price
tn Of silver and any single commodity
They claim only somewhat crude az
! proximate parallel of a single commo
De dity. whose average price is taken, nc
II for a year, but series or years. The
~ claim a much closer parallel when sex
~ ~ eral commodities are taken for a serie
ut of wears: also, that where forty, fifty {
lie. more staple commodities are average
ne in price for series of years, the para
lelsm between the range of silver an
at these average prices Is very striking;
or striking, indeed, that we are forced
u.s. look for the cause of this parallel NOV
for ment of prices in some fact or conditiC
his which has been felt on silver and COZ
ln- modities alike, but from the iniluen
ted of which gold has been exempt.
tl. There are only two such cases; 4
the reduced cost of production aiiectt
De, silver and commodities alike, al
u increased use Of gold as compared
b r, silver caused by the demonetization
nall the latter. Gold-bugs claim the f'
ade mcr cause has been the chief and
len most only cause of low prices. But
be we take a series of years before demo
-u nn, citation and compare the range
prices with that of a series of ye
succeeding. we can eliminate the
ham mer cause. We find it, indeed, aim
iod- nothing, that is, the increased demo
'a ,be of advancing civilization has kept p
able with increased facilities for product
opal leaving Iaverage prices unaffected
the this cause. \ thorough inyestigat
matte of the effectiveness OF these causes N
,,o dc result in showing that demonetizat
ntry. is the sole cause of decline in pri
one.
I'm "Our little girl had diarrhua in very
~ in form. We tried everything we conld u
of but without effect until we got Dr. 1
death Ter r1t -. ~ Mr. Ann bergman,
D who ,IeI ltsI,' - ~ Nh
Don oaii' o""i'''N 49,