The Republican journal., 1895-10-31


Iaa difference became a margin Of profit
,e used by the Jew at the cost Of the great
iHa-s 81 tAe people.
II may hot be possible to give the ex-
HT nieasure ri the amount @i the indirect
Nty which was imposed upon the great
laaSs Vi the people by this undue rise in
hleeS ais compared to wages during the
Whole period which elapsed from the date
N the iifst ssue OF the legai-tender notes
DIV w the Nea1 1873, when specie paymer
was resumed We can come TO an p
pIoAmate estimate tol seven years Of raw
ana letonstl iletiOn. from sti2 to 1865, nj
elusive First we vii Zeal with ACTUAL
Taxes Dnrin4 that pefIed tAa loyal ni-
habitants 81 lie nion. averaging -. 600,
@u0. were positive by taxed so head per
Neaf III olNer u Yield revenue ID tile Cop
iument. in 1863 their taxes came TO
anre vuan $40 per head The taxes are
low s. per head l}ni the heaviest TAX
was the indirect tax. due IA the excess Of
Hrices above he advance i'll wages. Mine
ienghs ii the people III this country de-
live their income from wages, small earn
Ngs VI salaries, depending upon each
&tY work for theil daily bread and max
na hur relatively small savings About
Itl ser cent. derive their income from prot :
IT'S al one kind or another When prices
advance and wages do not advance equally
via difference goes into the profits
IAe combined influence Of the war de-
hg#nd for goods, of the increase Of taxa
LEN and Of the depreciation of the cur
ney reduced the purchasing power OF an
AFerage days labor by more than one
ttlfi during the period which elapsed be
Neen the year 1860 and the year 1865
bc rise in prices was very rapid, the
gise in wages was very SLOW Such are
Always the conditions whenever there is
aae monetary legislation by which prices
afa Effected.
II has sometimes been held that the
lise IN prices in this period was wholly
Due ID the increased consumption of the
War This is not consistent with the
facts The product of the Northern and
Western states increased in quantity even
during the worst periods Of the war, and
wound have fully sutficed to meet all war
demands upon it, together with the Gus
t0nlary demands of peace; that is to say,
lNe increase IN the quantity Of products
p the loyal States was greater than the
Increase in population while the extern
sl9A II the railway service cheapened dis
N5hation. Hence it followed that those
members Of the community, both of the
NORTH and West, who derived their in
alaes mainly from profits, secured through
Ae rise in prices constantly increasing
proportion Of an increasing quantity ol
Products; while that much greater mum
itH gi persons who derived their income
i49in wages, earnings OF small salaries,
sesaed year by year a lessening share,
ven rs compared to the lesser prodacf d
previous Years. 1t was under these con
fiTiqns hat The rich in fact grew richer
ana The poor III fact grew relatively poor
A indeI the influence Of bad finance and
A4@ money, such being the necessary re-
sats oi tampering i'll any manner viii
il4' amt On standard Of value by increasing
WY quantity OF lawful money while de
1asing its quality. That is what the adj
78Gates Of the free coinage of silver ar
attempting at the present time. Silvercoll
\ N1ieh hammered smooth is worth but tif
" pef cent. Of its nominal value is BAG
money! Harper's Weekley