San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1896-10-26
Cbe Daily Gigbt.
MONDAY, OCTOBER PC, 1896.
RAID ON WAGES.
GOLD DOLLAR BUYS TOO MUCH, SAY
PROMINENT SILVERlTES.

Senators Jones and Teller Would Reduce
the Purchasing Power of Wages to Help
Nanufacturers-Boies to Help Big Farm
ers-Other silyerite Authorities Agree
That Our Present Dollar Is Too Good
For the Wage Garner.
If any wage Garner thinks that free
coinage at Is to would not reduce his
actual wages and that it is not intended
to do SO by leading silverites, he should
read the following quotations from
speeches and letters of some Of silver's
warmest friends. Bryan is more guard
ed in his language than some of his
friends, but he virtually tells the work
ingmen of the country that their wages
are too high when he tells the western
farmers that cheap money, and conse-
quently higher prices, will help them to
pay their debts:
The sole object of remonetizing silver,
as understand it, is to secure cheaper
dollar with which to measure and regu-
late prices. Our present gold dol
lar is too valuable; it's purchaS-
ing power is too great; it will buy
too much.-Senator J. K. Jones,
Chairman Democratic National Com
mittee.
! am confident that we shall very
soon hear from the great industrial in
terests of Christendom, now threatened,
as never before, by the competition of
the silver using countries, especially the
Asiatic countries, or what has been pro-
perly called "the Asiatic peril" This
t.. competition cannot be met by tariffs
| and can only be overturned by o change
in the monetary system that
now is giving to Asiatic manu-
tfacturers a bonus of such mag
nitude as to render competition
with them on our part impOssi-
ble.-Senator II. NJ. Teller in New
York World, Feb. 10, 1895.
/ have myself in this state two farms,
paid for largely with money 1 have
earned as lawyer. One is a farm Of
II, 500 acres of land, and the other con-
Etains !, 200 acres. With the present
|price of labor and the present price
fpaid for farm products no man in the
world could take either of these farms,
leven if / should present them with the
Eground, and make dollar out of it. A
Farmer who works himself and is as
ksisted by the labor of sons and daughters
Ecould make small farm pay, but no
farm is profitable when conducted on
the basis of a manufacturing business.
ICheap and abundant money is
1.-THE only remedy for this intoler-
able state of things.-Ex-G Governor
Horace Boies.
Wages in gold using countries have,
Through the appreciation of gold, be.
Ecome a hundred per cent dearer than
lthey were relatively to silver wages,
and the manufactures in the sill
Iyer standard countries can cob.
tain his labor at half the cost
Relatively to gold wages which
The formerly paid."-Mr. Georg,
fJamieson, British Consul at Shanghai
Uses.
One of the greatest evils (referring u
Mexioo) at the present time is the exist
fence of a scale of wages which de.
flies all power of reduction, which
yrobs the laborer of all sense of dignit,
Tor feeling of association with the res
Iof their fellow citizens, and, having re
duced them to a condition of abjec
Iabasement, deteriorates to like extern
their productive power and the measur
Iof their ability. of America
Republics Qualification No 8, 1891.
The silver standard is great stfmu
Ilus in developing home manufactures
because foreign commodities have to b
Ipaid in gold, and, owing to the hig
Irate of exchange, their price becomes 8
thigh that it pays well TO manufactul
Isome of them at home. Our 10,
Iwages also help to bring abou
Ithese results. Senior Romero {
Mexico in a Recent Article in Mort
American Review.
1t is true that under an era of high
prices fixed salaries will not go SO far
now. but now they go too far, an
their purchasing power ought
be reduced. These salaries were mos
" established before tine hard times s
in, and now represent vastly more tha
was intended when the salaries wei
created. Detroit Tribune, free silyt
paper.
1t is true, as you state, that tn
laborer Tin Mexico gets only hal
as much from a gold standpoint
4 L. Il - =.