The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-08-03

power of wages TO purchase. the days pay
or 1880 would secure xl12 worth or the
necessaries of life where the wages of 1860
would purchase but a dollars worth. Sc
cure TO me the return of the umes of 1880.
with their wages and their full value dol
lars, and those who will may chase after
the phantom OF the free coinage Of the
putocratic mine-owners silver into cheap
AS TO CHEAP" MONEY.
II would call your attention" said DIR.
Thompson, Ito the figures showing the
purchase power Of cheap money. During
the year 1865 the paper dollar had a pur-
chase power of but 1917 cents compared
with the gold or coin dollar The wages
paid In those dollars was s1.43 compared
with 81 in 1850. But the dollar in which
wages were paid made a days wages only
y cents in gold. while the prices of food
and clothing, the first three articles
mentioned were more than doubled.
Under the paper money period Of the war
wages rose 43 per cent, but meat advanced
81 per cent, other food 40 per cent. and
clothing 1ss per cent. That is. wages under
an inflated or cheap dollar currency do not
rise anywhere near as rapidly as to the
necessaries of life"
Il think we are all forced to the conclu-
sion." said Graham. the carpenter. that
those who work for wages would be the
sure victims of the free and unlimited
coinage OF silver. The dollar which would
not buy a dollars worth would still be
called a dollar, and VIC would be forced TO
take 1t as such. just as was the labor OF
half hal S a dollar 1F' When ~ t Was used SSS to "P pay the
grocer"
Daniel Webster died many years ago
remarked DIR. Thompson, but he uttered
a great truth. more than sixty years ago.
when he compared with wars. as the de-
stroyers of national prosperity. the evils of
"A dana gnd 0nin and a dcnFQCt1fHn n4n9r
money
Il was taken by the claim that prices
had shrunk because of the scarcity or ap-
probation of gold said Simons. until L
had investigated and found such facts as
we have had before us. All the facts are
against it. and all the basis the claim has
had is the assumption OF a few professors
who. instead of pursuing an investigation
to arrive at conclusions. adopt a theory
and try to fix facts to sustain it.. If there
hadnbeen an appreciation OF gold by rea-
son of scarcity so as TO affect the prices
alike. and the price of labor would have
fallen. Instead of that. the price of labor.
which goes into everything, mas gIaauaiIy
risen. as silverite Stewart admitted In the
Senate. since specie in 1879 on
the gold basis. That one fact settles 1t in
Give us the times of 1892. when / went
off with Snyder after Growers clover
said Charley Hoistein. a furniture factory
hand. land I'll not trouble myself about
free silver. Let US get back to such days
by stamping the Mckinley eagle election
day"
CHEAPER FARM IMPLEMENTS.
Il saw some figures prepared by st.
Louis dealers in agricultural implements,
showing how many bushels of wheat. corn
and oats it took in 1873 and in 1889 to pur-
chase the whole line of agricultural i'm
PIGMENTS" said Mckinney. the hardware
dealer. II can't give the whole list. but 1
have copied a few Of them. In 1873 it took
27 bushels of wheat. or 1863 bushels of corn,
or S57 bushels of oats to purchase a bind
err; I'm 1889. 1S5 bushels of wheat. or 42
bushels of corn, or $50 bushels of oats
would have got a better binder. In 1873 it
required s35 bushels of wheat. or go BUSH
els of corn. or 34 bushels of oats to pur-
chase a one-horse mower; in 1889. 6ll2
bushels of wheat. or 1401s bushels of oorn.
or 1S7H bushels of oats would have got
such a machine. In 1873. s As bushels o:
wheat. or 2O1s bushels of corn. or % bush
els of oats were needed TO buy a one.
wheat. IL bushels of corn or Az bushels of
oats would have bought the cultivator.
These figures go to show that agricultural
more than staple farm products
IT heard a man talking about the cor
Yesterday" said Epson. the accountant at
the furniture factory. He declared that
the money, barons could corner gold and
i0iA oA eNC
thought / would look. the matter up, so /
went back to the figures representing the
two weeks ago. which show hat s., 300
600 was in coin and $2.lI1 100000 was I'M
coined. This vast amount of uncoined gold
of 1t could be turned into the minis Ii
there should be an attempt to corner gold.
Again. the increased output of gold is mar
velous. The aggregate yield of the gold
mines of the world during 1882. 1883. 1884 and
1855 was sio7. 5000 900. During 1897. 1898. 1894
jumped from SAC. ST.. eco in 1892 to S303. 000.0 600
in 1895. This year the output is estimated
at s22O,0 900, geo. and Mr.. Carpenter. in a letter
in the Indianapolis Journal, says that it is
predicted that the yield of gold in 1900 will
be worth $500. 00o. goo. So it seems to me that
all of this chatter about some bold. bad
wanted to corner. why had they not tried
1t when the mines were producing one-half
II have collected some figures showing
the number of persons who must suffer
S yee bas ihe e said nu ge 10 e the eeP grain deai sir-
Il believe that the whole country. except
the few engaged in silver mining and spec
ulating,s would be injured. but there are
those who would be robbed if they should
be paid with a deprecated silver money.
/ have collected a few statistics: There are
9S7.043 pensioners who receive about $780,
100000 a year. Jan. l. 1895. there were A.
S75.5i9 depositors in savings banks whose
deposits Aggregated q. $40. 51. 023. The build
ing and loan associations have about q
600. 900 shareholders. three-fourths OF whom
are creditors, and they nave loaned SSOO.-
600. 600. The hundreds of fraternal secret
societies which sustain life insurance and
benefit features have 2.01T.3 41 insured mem
bers and carry 1886. 100. $50 Of insurance.
There are IN. force nearly ?.0o0.00o life in
surance. policies. representing 81, $50. l66. 664.
Here are over $4,000. 900 of people who would
be losers by being paid in any sort of a
dollar which is not as good as that now
IN circulation. 1t IS safe to assume that
Il. 000. 900 of these people have about the
whole of their savings in one or the other
of these forms of investment
And ii is proposed TO rob all these peo-
pie to make a limited number of capital
lists. American and British. very rich." adj
ded foreman Snyder.
You have enough to think over for a
week" said Sergeant Hobbs: the Candid
Club stands adjourned 10 one week from
tonight
NANCY Not the Only ysxue