The daily herald. [volume] (Brownsville, Tex.) 1892-1897, 1895-07-04

1919 N@"N-- EE--N $50
NAL condition in all parts Of the country.
no changes had been made in the mouc!a-
~ systems of the world for many years,
the United States was using gold as the
measure of value, Just as il il now, except
that there was no legal tender silver In cir
culation rs there is now, the people were
prosperous. and the prices of commodities
and the wages OF labor were fairly adjust
ed with relation to each other. At the
time when this investigation was made I'll
the legislation in regard to silver now spe-
officially complained Of had been accom-
plished. and il prices or wages bed fallen
there was as much reason to attribute the
reduction to that legislation then as there
is now. Ample time had beer afforded for
its effects, IL it had any, upoI prices and
WAGES to be felt. pnd the fact that the in
v-estigation was not made for the purpose
Of influencing legislation upol the silver
question adds to the value OF is results.
Wages and Cost Of Living.
The results of the investigation estab-
llsh three fncts which have an important
bearing upon the present controversy. The
first fact established is that the prices OF
articles of food which are the products Of
the farms, gardens. orchards and diaries
Of the country were about I per cent high
er than they were IN the year 1860, long be
fore the silver legislation now complained
of; the second is. that the fall III the
prices Of these farm products since the
year 1878 has been much less than the fall
in the prices Of the commodities the farm
ers have to buy, and the third is, that tho
reductions in prices have not been uni
form, either as to particular articles or
groups Of articles, and therefore cannot be
attributed to one and the same causc-to
the appreciation Of gold. for instance.
The conclusion is inevitable that various
influences have operated 20 produce these
changes in prices, ONE affecting one group
ofarticies and some another and doubtless
some affecting all, but TO no one influence
can the whole result bcattrihuted. Cotton
aid wheat-ara. tho commodities most fire.
quently refer ed to by those who contend
that the fall. in prices isdue to the appreci-
alton of gold. but there is nothing what
ever in the methods of producing those ar
ticles, or in transporting or selling them,
OF in the character Of the money received
for them, which would make the Gpprecia-
ton OF gold UfTcct their prices more than it
would affect the prices of other %coInInodi-
ties produced hy cur people.
In addition 10 tie various causes which
havc more or loss affected the prices ri az
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