The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-10-02
A FE W POINTERS.
TO PASTE IN YOUR Eat.

FEW POINIERS.
TO PASTE IN YOUR Eat.
When any shallow. old lAlrty imbe-
cile tells you that the low price OF
wheat is not due to the demonetiza-
tion of silver. but to over-production.
just grab him with one hand, and take
your hat off with the other, and fixing
him with your Ancient Mariner" eye,
read him the following:
"The cause of it's low price is to be
found in the Corn Trade Year Book. ;"
England, probably the most relia BILE
authority published. According to
that authority the worlds wheat crop
for 1891 was 1885, 900 bushels, and
the average price was Sill per bushel.
In 1892 the crop was 2, 44O, 0O0,0 bush
els, but the price had fallen to 80 Cts
In 1893 the crop was the same as in
1891, but the price had fallen to frac-
ton less than so cents. In 1894 both
crop and price were smaller than any
OF the foregoing figures, the price the
lowest on record. The same authori-
ty also shows that in the period of
ls74-S4 the population of the chief
wheat producing countries was 397,-
900 900, and the production of rye and
wheat IL those countries per head OF
population was 7.08 bushels. In the
next period of 10 years, 1854, with
the population increased to 434 900, 900,
the production Of both these crops per
head Of population was only 6.e4 bush
els'
And then if he says that gold is the
money of the world because it takes a
dollars worth of work to produce a
dollars worth of gold, read him the
following extract from the speech Of
U. S. Senator John P. Jones. delivered
in the Senate in October, 1898.
ga fter an exhaustive investigation
covering series of years, Prof. Suess,
OF the University OF Vienna, perhaps
the most distinguished of living ge-
ologlStS, declares in his work on the
Future OF Gold. that nine-tenths of
the gold Of the world has been OBJ
tanned from the gravel deposits of old
river beds ("placers'). in which work.
as matter Of course, the labor cost
money value of the product.
II will illustrate this by reading a
brief extract from letter written in
| l84S by the late distinguished general
of the army, Gen. William 7. Shec-
man, then a captain, stationed at
| Montery, Cal. This letter appeared
| in the New York Tribune of April 4,
1892. as having been read in public by
| the honorable senator from Ohio (Mr.
Sherman), to whom it had been writ
ten. After referring to the incOnven-
| fence towhich the officers of the army
had been subjected by reason of the
excited rush of the people, including
the private soldiers of his command,
| to the newly discovered gold fields,
| Capt. Sherman said:
""This gold is found in the beds of
streams, in dry Quarries, in fact
mingled with the earth over large
| extent Of country. Men are
| now getting from their individual
labor 5000 to $4,000 month. This is
not fiction. 1t is the truth. l went
with Gov. Mason and saw the evil
| dences of it myself
when an ordinary unskilled labor
er without capital, could make 5000
| month, an amount sufficient to buy a
good house in any city in the United
States, the argument from cost of pro-
ductiOn can not be very strong"
If then the fool tells YOU that our
troubles are due to the fact that our
people are not industrious enough
that we have too many socialists, an
archiSts, ETC., read him the following:
"Mr. Mulhall, the English statisti-
clan, in recent article in the North
American Review, paid high tribute
to the growth, power, ETC., of the
United States, and says that it posses
| Germany and France collectively. He
also says, ">Itamay be fearlessly assert
ed that in the history of the human
race, no nation ever before possessed
| forty-one million instructed citizens"
Will such nation submit to have it's
financial policy marked out and die
tated to by its interiors, or will it take
stand and make a policy Of it's own
One which is not as the present one
is, drawing from US artificially often
the sinews Of war and the basis of
wealth and power. Can nation with
the power and resources of the United
States, that during twenty-five years
past, has exported in merchandise
more than two thousand million dol
lars worth more than she has import
ed submit to financial policy not to
her own interest, or shall she adopt
one IN ner own interest IOr ner own
development, and with the knowledge
that other powerful nations, like
France and Germany, only wait for
her to take the initiative.'
And if the fool then tells you that
If we remonetiZed silver we would 90
at once to a silver basis and have to
do business with 50-cent dollars, read
him this:
George Gunton, in the social econo-
my, May number, very truly says: 1t
needs only moments reflection to
see that ii all governments, or if any
one government should agree to take
all the silver that was presented and
make BIZ grains into full legal ten
der dollars, the price of all the silver
in the world would Immediately rise
to that limit, which would be SIP an
ounce. 1t would rise to that level for
the simple reason that nobody would
be fool enough to sell his silver for
less than $1.29 when there was a party
standing ready to give that price for
all he would bring"
A SHARP ONE