The times. [volume] (Richmond, Va.) 1890-1903, 1896-10-14
elbows thnt II actually bought less wheat

shows that II actually bought less wheat
In each period except the last three years.
and would then buy but ~ pounds more
than in lSaf-60. Gold, when measured ny
wheat Is, therefore, far more stable thah
silver.
Now. as to the point tina tsIlver In free
silver countries like India will still buy
the same quantity OF wheat as before
its fall I'm price. Mr.. j. j.. O'Connor, AZ
sstant Secretary for India. has made an
Official report on this subject. lie selects
the four principal grain crops OF Indla,
and the four leading cities OF that coun-
Try. and gives the following AZ the num-
Der Of pounds OF each crop whicr he 81
Yer rupee would purchase az periods ten
years apart. U quote only three crops);
Wheat Rice. Barley:
Cities. 1871 81 q 80 ISL II u q ISL y 81
Lucknow 80 - y = Il 80 q - u ~ 9.
Cawnrore a 4. 2, y a 90 % % g q 81
Bombay ~ 2 - Il - a . % ~ q -
This table shows clearly that the de-
cline in the purchasing power OF the Sill
yer rupee keeps pace with the decline III
silver and that even ia silver stahddru
country. gold Is the actual standard ~
which the value of produce II measured;
In India. a silver standard country, Boid
has remained stable when measured oy
wheat, while silver has been unstable
and declining. This encctually disposes
of the argument made by the free-sllFer
men that the fail In silver has enabled me
Englishman 20 take our silver at us de.
preciatcd price and use ii ia buying whea,
in India To its fun gold value before IL
commenced TO fall. lie has not been aoie
TO do II. and cannot do IT to-day.
Now. as to the point that wheat COM
menccd TO fan when silver was demohe-
tized here In 1873. The facts prove thar
the export price Of wheat averaged high
or for the ten years following 1915 tldn
from ls5S-72. The average export pitCc
OF wheat for 1898. was Only !" Pr
cent less than Tor isJl-60. while silver u~-
clined in the same period ~ per cent
The United States about doubled ns Nv
eragc anf ual wheat crop between 'hN9S
two periods. while IL has produced seven
times as much silver since 1910 as !"
tho previous fifty years.
In conclusion. allow me TO say a WoIn
on another aspect OF the question, ~ -
claimed that the farmers OF the OIi,eu
States will be especially bonehteh ps
tAe reconciliation Of silver and that 10
achieve that end. # necessary, All othef
interests should be made supSefNleiit,
that the laboring man I'm the citleS, tne
man with n fixed salry, anu an "'lNl
consumers of produce. should ittuhy 'o"-
sout 10 pay higher price Tor 't, r,,,o
saries of life Is this reasonable lhe
great end of legislation D. inc ~i'H.V
good 10 the greatest number" Row "o's
mis- tost apply on this question 10 inc
poople of this country The census Oh
1890 shows that only Il per cent. oil lhe
poople are I'm anyway engaseu
i'm agricultural pursuits. TO
cure a problomatical good And thinh
Iavo shown that facts do not estapii,h
nnv connection between the price OF ST.
vcr 9nd the price of wheat. ana tnei
fore 10 is very prOblomIticaD 10 TINS -
nor cent OF our people the ienaihlhb %
per cent. of our population - 10 De .,','.'',-
iocted to "a curtallMcnL OF th' - -
rics the comforts and conNtHltAD''
no Docs This compare with the kt'.'-
cet good 10 the greatest number! hatl-
rr i. it NOT n sacrificing OF the majority
10 the minority an introduction OF 'no
odiOus principle Of class iesisialio"' VIZ
has been and now Is the iesul. o. i'ei9
i4ffon ifl the supposed interest OF III. a7
,t.,,f+,,,'l Masses i'm Franco and in NeNl-
COZ m France. i'm order 10 protect 'ne
What orcvcr an absolutely prohlDiloiy
t,riff On wheat is in force. Every llhi"
a.. wheat crop has failed IN France since
This tariff was put on, the 'iot' .ii''.
has been compelled 10 suHlrhU "' W 80
ZION and has actually had 10 go 50 lar
as to nx the price &c which bakers Sid'
csu their bread in order 90 prevent idil-
ir. and revolution by the other classes
az fha paOule I'm Mexico to-day, on &C.
count of the failure of the corn crop .ne
Government has been cOmpeilsu 10 Sua
,,,,5 he onoration OF the tariff law ana
mus admit corn from this country lr.o
Of duty to save the lives Of ,,,i the peop,9,
and prevent "a revolution. I'M ms 80
vas b..n and always viii be- the coh5'-
ogcnce sooner or later. Of class lesisla-
lion. and free silver LEGISLATION is hel'ner
moro nor less than class iesis'. tloh. m IN
timatcly associated as have an my NC
Lern with agriculture. and dependent ~
I now ann upon IFS prosperity Tor my
daily bread. 4 cannot but reel 'ial ia
setting 10 secure that prosperity by it,s-
silver legislation. the farmers OF thi7
country. or rather OF the South and West
arc doiug the worst thing they can lo5,
.iblv do in their own interest. lhey VIII,
~ fh4r succeed. array against themselves
fno So per cont. Of our popul alton nov eli,
.-.,cod in agriculture. and their last emu
viii be- worse than the irst. l.,-,.,.,.
y. T. JACKSON.
Production and value OF tho wheat crop
in United States l>lo 20 lN'. $1,000,