Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1896-10-22
PROSPERITY ATTENDS GOLD STANDARD

made the bold statement that ''pros-
perity has never followed the gold |
standard" How radically wrong he
was In this assertion is shown con-
clusively in the following compilation
of facts and figures by the Louisville
Courier Journal:
The total wealth of the United States
was $40, 06S, SIS, 50T in 1870 1t was
s65, 037, 09l, 1877 in 1880. An increase
of over 100 per cent under the gold
standard.
The wealth per capita of the United
States was $3.50 in 1870; it was 81, 036
in 1890 An increase of 80 per cent
under the gold standard.
Our foreign trade increased from 1878
to 1890 A per cent under the gold
standard. In the same time the trade
OF Great Britain increased only % per
cent.
Tho coal production OF the United
States increased from SO, S22, $50 tons
in 1880 to lao, $50, 72o tons 10 1890, an
increase OF l21 per cent under ten
years of gold standard.
The iron production of the United
States increased from 2.74l, 1853 tons in
1879, to Q, POP, 1903 tons in 1890. An in
crease Of 235 per cent under eleven
years OF polu stanuhru.
The number of depositors in the
savings banks of the United States in
creased from |, 630, SAG in 1870, to 4, s75-
5l0 in 1898, and their savings per
capita increased in the same time from
Sl4. 26 10 S25. IS.
The public debt of the United States
was 81, 922, 5l7, 1924 in 1880, or s3s. SO
per capita; 10 1890 ii was only $685.
QlO 10 nv Ga go ,,ar aa.i,a =, ,nI,,,
tion Of more than SO per cent in the
total and of 81 per cent in per capita
indebtedness--un the gold standard.
The State debts of the United States
amounted to 1904, 500, 674, or S.. ~ per
capita, in 1880; in 1890 they amounted
to Sl32, 1886, $50, or only SO. 90 per capita.
The net Federal, State and county
indebtedness in the United States was
| -, 336, $40, 034 in 1880, or SAG. SO per
capita; in 1890 it was 81, 2sl, 020, $40,
or $40. 46 per capita-a reduction Of so
per cent,
Farm property, including lands,
| fences and buildings. was valued at
50. 262, 600, 600 in 1870, and had in
creased to s13, 279, 0U0 600 In 1890.
| Farmers owned 1886, 600. 00G worth of
improvements and machinery in 1870,
and S494, 000, 900 worth in 1890.
Farm live stock amounted to 81, 525,
600. 600 in 1870, and to 81, 2Os, 600, 600
in 1890.
Acreage OF farm lands in 1870 was
407, 735, 04l; in 1890, 623, 2lS, 6l9-an
increase of over 90 per cent
Building and loan association de-
posits were of little consequence in
1875; in 1892 they reached total of
$500, 600, 600, and in 1896 amounted
to $3.50, GOO, 600 = all under the gold
standard.
The exports from the United States
have increased 1874 per cent since 1872
under the gold standard.
Farm products grain, cotton, to-
bacco, meat, live cattle, sheep and
hogs-were exported in 1872 to the
amount to 1858, 906, 637; in 1892 1854,
4S0, s43 worth of these articles went
abroad.
Freight rates on wheat from Chicago
to New York have been reduced from
10. 10 cents per bushel by lake and
canal in 1873 to 4. IL cents in 1895
from 33.2 cents, all rail, in 1873 to
II. II cents, all rail, in 1895.
Average wages in manufacturing in.
dustries increased from 1928 in 1870 tc
SiS4 IN 1890, or 80 per cent. tSet
Sphoho \
The purchasing power of wages al
the same time increased from ia. il
1870 to 1T2. in 1890, taking 1850 as
basis of comparison at 100.
A ne-horse pillow that cost 6. 4 bushell
of wheat, or 10. bushels of corr, or p
bushels of oats in 1878, could be bough
! In 1889 for 3.S bushels of wheat. 5.
! bushels of corn or IL. 8 bushels OF oats
A binder that cost the farmer PIT.
, bushels of wheat in 1873, could b.
bought for 1874. 8 bushels In 1889.
,, A one-horse cultivator that cost g.
: bushels of wheat in 1873, could b.
! bought for Al bushels in 1883.
A two-horse pillow that cost H..
|, bushels of wheat or $40 bushels q
: corn in 1873, could be bought in 1888
: for 1877 bushels of wheat or 81. 2 bushel
. of corn.
The volume of money in circulation
. in 1872 was $T3S, 300, $40, or sls. 10 ne
capita, including deprecated paper
in 1896, June Both, it was 81, 506 G3l,
026, or S2l. 10 per capita. ,Jountin
Il the money in the Treasury there was i
!. the United States in 1872 SIS. 10 pe
q capita, which in 1896 had increased I
So, &c per capita.
d Money has increased in supply s.
n much more rapidly than the deman
= that interest rates have declined p DC
y cent since 1873.
If No other nation on earth can mate
il this story of progress