The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-08-08
IOWA FAV0RS SOUND MONEY
CONTINUED from First Page)

gain a larger market for their silver, to
a few manufacturers who would pay less
for labor, to a few rich debtors who would
have paid but half their debts? Free
coinage al IS 10 l, means more than six
teen victims to one victor; it means 5000
to l.
The claim of the silver monometalllst
that money has become scarce and more
valuable, is utterly miscellaneous per
capita of circulation, has steadily grown
from $13.S5 in 1860, $1SO4 in 1873 TO S2LS5 in
1891. 1t is easier and takes less effort
to get a dollar to-day than ever before.
The report of the commissioner of la
Dor shows that the days work which
would earn dollar in gold in 1860 would
earn $1.53 in 1873 and $16S in 1891, notwith-
standing n decrease in the hours Of labor.
Labor produces all commodities and is
of more importance than any or all of its
products. Its supply is more constant
and it is less subject to sudden fuctua-
tons. Compared with labor, gold has
fallen materially and silver has fallen
immensely. But we are told that prices
of commodities have dropped and the in
fiation Of prices is sought as a means to
produce wealth. 1t is true, that, accord
ing to the Senate report, prices of the
principal commodities, taken together
have fallen, but in 1888 the depreciation
from the standard of 1860 was less than
per cent. The wealth of the country is
enrich ourselves by marking up the prices
on our products 100 per cent in depreei-
ated money any more than we can increase
the land in Iowa by calling every rood an
acre.
Low prices are far from being an I'M
mixed evil. If so low that they viii not
permit fair wages to labor, and yield a
moderate profit to the capital invested,
they are a misfortune and cannot be per-
manent. But if they are so high that
they pile on top of fair wages an immod-
crate profit they burden the many for the
benefit of a few; and for that reason we
denounce all tariffs designed to produce
that result. The unrivaled genius of our
inventors, the unequalled skill of our la
borers and the tireless energy and brain
of our business men, have multiplied the
efficiency of our labor. In many branches
of manufacturing a laborer produces ten
fold what he did a few years ago. To whom
shall this large accession to the wealth or
the country go? The laborer, who pro
duces it, receives his share in wages,
which have nearly doubled in thirty years.
The inventor receives his reward in a mo-
nopoly of his invention for a few years,
but afterward the new idea which he
crystalized in concrete form becomes the
public property, and the public receives
it's share in a reduction of prices. So
long as we advance and grow strong in
the development of our brain and skill
and increase the efficiency of our labor,
so long will the tendency of prices of man
ufactured products be downward and
| hone never to see the day when the people
! go downward instead of the prices.
Agricultural products dependent upon
| the slow processes of nature, are less
! affected by the growing efficiency of la
| Dor. and other causes have affected their
! decline. While many farm products have
| not fallen. there has been a great decline
,ofrr no ia
! know the reason why, let him examine the
| tariffs of the Republican. party-which en-
couraged England to develop Argentina,
until untold millions of bushels of wheat
| went to Europe in exchange for goods
! shut out of this country, and beat down
! the price of his wheat. Let the Iowa farm
| er compare his present condition with
/ what it was in 1873, the end of the period
of is to l free coinage. The price OF the
! farm machinery he buys is less than half
| its price in 1873; other manufactured prod
/ ucts used by him are much lower, while
| the cost of transporting his crops TO the
central markets is greatly reduced. To-
! day the value of the crops on the farms
| of Iowa greatly exceed their value in 1873.
/ Corn, the great staple OF Iowa, was so
cheap that he used it for fuel in the win
| fer of 1923 His lands have increased in
value; and if he is in debt his rate of in
/ terest has fallen from 10 per cent. or more
! in 1873 to per cent. or less now. 1t takes
far less of his produce to pay either prin-
cipal or interest than it did in 1873. He
| has suffered and suffered sorely from
| crop failures. He has also borne the bur
den of unjust tariff laws which put up the
prices of what he bought, and tended to
! cut off his foreign markets and reduce
the price of what he raised. But he in
common with the great body Of the peo-
pie has entered into the new era of pros
| perity.
Woe to the country which dare endanger
the prosperity Of its people by debasing
it's money! Which dare degrade itself from
! IT'S high rank among nations to the level
| of Mexico or China! Woe to the nation
! which takes from the creditor half his due,
| from the laborer half his wages from the
| old soldier half his pension. II that ca
lamity is to be visited upon this country,
| let il be done by the party, whose clubs,
IN convention at Cleveland, passed over the
| money question in cowardly silence; by
| that party which passed the Infamous
| sherman law to buy the votes Of silver
| mine owners for the no less Infamous Nc
! Klnley bill.
| To the gold mOnometallist or silver mo-
| n0metallist, whose policy would result In
| the expulsion Of either gold or silver. and
| the contraction Of our circulation, we can
| show our national platform upon which