Daily capital journal. (Salem, Or.) 1896-1899, 1896-10-24

mUdities for his index numbers. Inc
commodities comprise the following:
some If the more Important articles
represented by the descriptions
Wheat, flour, barley, oats, corn, pOta-
toes. rice, beer, mutton, pork, bacon,
: butter; sugar, coffee, tea, iron, copper,
tin, lead, Goals; cotton, flax, hemp,jute,
wool, silk; hides, leather, tallow; palm
oil, olive oil, linsecd oil, petroleum,
soda, nitrate, indigo and timberl
1t will be seen by the diagram for
cotton that the increase in production
in the period prior to demOnetization
Of silver is 1873 per cent as against only
43 per cent in the period; since there
yet the price of cotton actually rose
80 per cent in the former and fell Sc
per cent in the latter period.
Similar results, though less accen-
tuated, ARE exhibited in the diagram;
for Wheat and the average Of the Gen
eral Commodities. Nevertheless,
wheat shows an increased production
between 1S49 and 1873, when we had
gold and silver standard mOney,-Of 70
per cent, land yet the price went up %
per cent.
What occurred when silver was de-
monetlzed in 1873? The increased pro-
ductiOn of the world between 1873 and
1894 amounted to 30 per cent. Never
theless, the price went down go per
cent. In both cases the increased per
cent. of production had been greater
in the former period, yet prices rose In
the former and fell in the latter per-
iod,
The prices for cotton and wheat as
1 have said have been caculated by
the figures given by Sir VIM. II.
HouldSworth in his address at Pres
ton, England and the diagram OF
general commodities has been calcu-
lated from Mr.. Augustus Sauerbeck's
''Index Numbers" for prices, and
from his movements Of Quantities"
Contained in the paper on "Prices OF
OOulluOulUlOoj iCtu OSlOlC OhO A'Joi
Statistical Society of London in 1881
Sir VIM. II. Houlsworth is baronet
and member of parliament, and was
delegate to the Monetary conference
at Brussels, where he made an able
speech In favor of restoring silver as
standard money.
commend these diagrams to every
farmer and producer in the william
cite valley They give unqualified
contradiction to the statements Of
McCleary, Reed and sherman.
am Republican and have been
since l cast my first vote, more than
thirty years ago.
] am satisfied with the financial
plank in the st. Louis platform. L
have no doubt that Europe Except
i ing England and Mr.. Balfour, of the
British cabinet, has said that they
will at least reopen the lucid mints)
is ready now for an international BIZ
metallic agreement, and that an ad-
| llllulSUIdUlull utlC Oudp ~ EbHSlbuoll
favorable to international bimetallism
can easily obtain such an agreement.
! But the Republican press and the
Republican orators all over the land
have repudiated that plank in their
own platforms. They unanimously
throw mud at bimetallism in any
form. .-..e.
On the 18th of last month, speak
ing to the campaign workers, Mr. Nc
Kinley said: "This country has
prospered under the gold standard
and 1 am in favor of maintaining it"
No man who is in favor of bimetall-
ism either internationally or other.
wise, can vote for Mckinley, after
that declaration, without stultifying
! himself, and l shall not do it: but l
will cast my vote for VIM. j. Bryan.
Very Respectfully,
SENECA SMPH.