The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-07-05

| in the bonanza days? A. It was not.
Q. What was the highest record of that
periodG A. Between 1856 and 1860, the
world average annual production of gold
was $l34.OS3,000; Of silver, $37, 61S 900; total
Sl7l, 100000, or less, by 81 500 OOO than last
years production of gold alone.
=. What are we to say, then, of the ar
gument that the money supply, since sill
yer free coinage was abandoned, has been
contracting? A. That it is utterly false as
| applied to the world at large, and espe-
clally 50 as applied to the United States.
y. Is II true, nevertheless, that the
price OF wheat and many other farm prod
ucts mas fallen heavily? A. 1t is.
y. how are such declines, in wheat.
for Instance, to be explained? A. BY
the enormously rapid increase in grains
growing area throughout the world.
=. Has this increase been especially
rapid since 1872? A. The increase in
grain-groWing area in this period, espe-
clally in North America, South America
and Asia, has never been approached in
world.
2; How do we judge of actual COM
petition in the sale of wheat? A. BY
the supplies thrown annually on the
worlds great distributing markets
". what market in particular? A.
England, where most ST the buying ma
lions go to purchase Sheir grain
e.. What are the figures? A. As re-
Gently as 1880 Great Britain imported,
Tor consumption and re-export So 26i 92i
hundredweight of wheat-a large in
crease over the preceding annual aver
age; In 1895 it imported Sl,749955 nun
dredweight.
O., What has made possible this re-
Iiiark STie increase in wheat production?
A: Inc exceedingly rapid DEVELOPMENT
Oh transportation facilities in newly
cultivated grain countries; among them
iiindla' Russia and the Argentine Repub-
Q. Has there been an increase in the
United States itself? A. An enormous in
crease.
Q. HOW large? A, In 1875 there vera
26SSl,5l2 acres of wheat cultivated in
this country; in 1891 there were 49, 91G,S97,
an increase of so per cent The Weld in
1910 was 292, 10000 bushels, a heavy in
crease over preceding years In 1891 the
yield was 6ll,1SO 600. Even last year, with
a greatly reduced acreage and a partial
els.
Q. Has the yield of other crops increas-
ed correspondingly? A. 1t has.
Q. Give instances A. The cultivated
areaa of corn in the United States in 1871
was A,O9l, l37 acres; in 1891 it was 76,2O45l5;
increase, ia per cent. The yield of corn
last year was more than double that of
any year prior to 1875 Both the acreage
and the average annual WELD of oats have
doubled since 1871. Our cotton crop in
1894 was so per cent. greater than in any
year prior to 1887.
Q. Was a decline in grain and cotton
prices, under such conditions, inevitable3
A: AS inevitable as a decline in the price
OF clothing, or furniture, or books or
steel rails, or pins when competition in
their manufacture has extended enor|
Q. Would free coinage help the pro-
ducers of grain to a larger profit under
such conditions? A. Not in the least
Q. Why not? A. Because if the norni1
nal price of grain were to rise through
imitation of the currency, the price of eV-
erything else would rise also, and the
farmer would be relatively no better on
than he was before
=. DO the free coinage advocates uss
IN the speeches these statistical facts
winch we have examined? A. They 10
not.
Q. Can the subject be understood with4
out examining them? A. 1t cannot; the
Whole question rests on these facts re-
garding money and production
.. Why do the free coinage speakers
not use these facts and figures? A. Be7
them.
Q. Is there any dispute over the truth
q me ngures quoted in these answers
a. 1hey are undlsputed, even by Tree
coinage men. They are taken from the
reports of the United States treasury, OF
the department of agriculture. Of the de
rector of the United States mint of the
United states bureau Of statistics. and OF
the Bfltish Board of Trade; all Of thems
IN their respective spheres the highest
known authorities.