The Wadsworth dispatch. [volume] (Wadsworth, Nev.) 1892-1899, 1895-04-20
SILVER,
Dissertation by a SiIVeite'
He SMlTES A GOLD BUG
WOOlBuyer and a Consumption Curer- Cal.
iiOrnianS Who We're wLamentahly
Ignorant About Silver.
he SMI7ES A GOLD BUG
KENNEDY, New, April II '95

KENNEDY, New, April IL 20
EDITOR DIsPAToH:- "A few days ago
while on business in the town of Battle
Mountain, it was my good fortune to
become casually acquainted with two
gentlemen from California. | say good
fortune because of the opportunity pro-
vided to learn OF outside opinions re-
garding the Silver issue. One OF these
gentlemen bears an enviable reputation
in this State as Il wool buyer, and the
other, though a healthy man and as |
soon found, possessed of an A No. l pair
of lungs, is retaining his share OF Neva-
da's silver by selling a Discovery for
Consumption" at so silver cents per
bottle, but shows his appreciation OF
COLDS appreciation by selling II bottles
for a quarter eagle Il presume he would
take 5 silver dollars if pressed hard in
the center OF his palm). The CONVERSE
ton drifted to the tariff and silver.
Being a true Nevadan and consequently
a Silverite, / could not withstand the
temptation to take part in an argument
which had been promulgated. The
wool buyer admitted that he was paying
AZ cents for wool; he also admitted
that that was a low figure, much lower
than he had known for some time. |
asked him if he was making anything
when wool was SO low, to which he re-
piled, mo" "To what do you ascribe
the depression in your business?" ''The
tariff" 'Why?" Because wool is on
the free list" This man is also a heavy
manufacturer of wooden goods. He says
that his trade is depressed and points to
the tariff as the cause. He is wrong.
l asked him who made the profit or de-
| rived the benefit of low wool, if it were
not the wool-buying manufacturer. He
| did not know. We were in a merchan-
disc establishment. l turned around
and asked for a suit of 'all wool" un-
derwear. "You pay AZ cents for wool
do your" "Yes." This garment is
worth how much, Mr.. Clerk? $3.50
per suit?" l weighed it. 1t weighed 2
pounds. "Now, Mr.. Woolbuyer, is that
garment any cheaper nov than 10 years
ago, hat is, | mean, to the consumer
mo" "What was the price of wool
ten years ago?" From % to % cents
per pound" ''Then 10 years ago the
wool in that garment cost from 46 to 52
cents, today it costs 8 cents and still the
consumer pays $3.50 for it." eyes"
"Now, MI. Woolbuyer, do you sell that
garment any cheaper to the jobber, the
merchant, than 10 years agoY' mo"
"Still your wool is from IS to % cents
per pound, cheaper now?" Eyes"
Then where are you losing? "Overpro-
duction OF wool; a greater production
than demand" SIS that manufacturer
the loser?" mo SIR" Suppose that l
own 1000 sheep. 1 sell their wool Az
cents per pound to Mr.. Woolbuyer. In
a few weeks or months as the case may
be, the wool returns to me in the shape
Of underwear. l must pay $3.50 for it.
1t contains just two pounds of wool for
which l received 8 sents in cash. Quite
a profit to make in manufacturing an
article-34l cents. Ten years ago l re-
ceived from 80 to 80 cents for the same
amount OF wool and the underwear cost
me the same. Why did | get that price
for my wool? Simply because there
was a demand for good goods and good
goods we're wooden goods. People had
money with which to buy; the masses
had a purchasing power, and such pur-
chasing power creating a demand anon G
the consuming classes, caused a greater
demand for wool, which naturally estab-
lished a good figure for that production.
Everyone had money, the bedrock OF
their prosperity resting solely upon the
laboring class, and the laboring class
is the consuming class. The prosperity
of the producer, manufacturer and con-
sumner, was simply and solely because
the millions of miner had
money to buy with and the supply but
satisfied the demand. The increase of
people has kept pace with the increase
in the production of wool but half of
money has been jobbed away from
us, and instead of protection against
winters ravages the miners, their wives
md +Loir nLildrnn GRO nonnollnI Cor