New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-09-11
Flint'S Fine Furniture.
The new designs will delight
artists and economists

I
ventve power Of man, have enormously reduced The
cost price O, every product made. and the present
low prices chiefly due 10 that fact Of cours.
! they are abnOrmal.y low now because q Tho do
| pressed condition OF Affairs but they arc not low
because gold has appreciated.
! The amount of gold in the world has been in
| creasng with great rapidly for the last twenty
years and to-day the annual production Of gold IL
more than double what il was twenty years ago la
1873 the annual production Of god FOR the world wa.
! about nincty-six million dollars per annum. Last
year ii was two hundred and three millions Of dol.
lars and il is estimated that II will be- at leas,
two hundred ana twenty millions This year This
increase is due not 80 much to the discovery Of
mines 10 the improved processes o. extracting
the gold from the ore Heretofore there were large
amounts Of ore called refractory rom which
the gold. though known TO be present. coud no; be
extracted. but by the inventions OF the last few
years. and especially by the skill OF our great
chemists these have been reduced ard are
now yielding up their gold IN great quantities i
is an undoubted fact that the production OF gold
viii largely increase I'm the near future but tho
true test as 20 whether gold has appreciated or not
is to be found in the question Of wages and inter-
fallen accordingly. and the rate Of interest would
have been Increased But what are the facts?
Tho average rate Of wage in America to-day h
nearly 80 per cent higher than " was IN lSp, and
about 20 per cent higher than il was at the clos.
Of the war. when they were paid in deprecated
paper currency worth MY cents on ne doIlar
inst abou, the va ue OF the silver dollar Il We wes
TO have free and unlimited coinage. and during tie
past twenty years the average rat" OF interest
the country has diminished nearly one-haii. Ines
are the only proper tests that ! know OF by wnhn
to judge OF the appreciation Of gold ana wnsa
tested it is found that gold has not appreciated.
]
rNTENABI.E AT EVERY POINT.
Thus the foundation upon which the demand fo'
free silver has been butt is found to Doe unsound,
end the whole supcrstructure is Of the same cnar'
actcr. II is untenablc in every point and when
triel bv the light of experience IN The past Two
years and by the light OF history OF an uch move
ments in all ages !! Is show now the pe o.
PIC and drawing upon them Tar greater Owls IMAM
ihcse from which hey now suffer e.. ... .,,.,-
Pm LOT Se, "A
structure which has been built upon these idise
talked industrious.y throughout the West for year.
, that il would produce a cheap money. Nd1 WIZ. ~
be- 81 siIv obtained: that it would increase ne
price of all products and render easy the paving o.
debts Blu Mr.. Bryan. the apostle OF 'his .l, ~,
money. when he came East T rsreiyp Hanged
his basis and told us that the enactment o, -, mee
coinage would a cnee ,slSr ,n% I ,n ~ he Gov
srrment would bring about this result. that tae
,rns.,t mice Of silver 165 cents an ounce would a,
with gold at it's present value. Certainly ne mus
have found the phil )sophers stone II ne -" ~ ~
This by an act of Congress. but II ne can ne GER
tainiy can, do 10th. He can't make cheap money
and dear morcy by the same act OF 'oiersss .i,b
cannot raise the value of silver TO party WIZ
gold and still double the price Of products N We
money for If the silver dollar IS 20 seISm ,so
valuable I'm the markets OF the world as sold lhth
there can be no advance in the prices OF products
there be no new way OF paving drg,S, un' hs
car be no cheap money for any one. and II VIII pe
quite as difficult to obtain the new dollar II II u
as valuable the gold dollar -
did not mean what he said in Madison Square Gar.
den upon this question. lie knows very wen Ina
20 d will disappear and that "" will have a cn na
dollar and ii is tlat which ne ana ms r lG,o Min
~cd and NH reason for The silver movement disaap-
pears in moment and If sir bryd a, a." Single
lowers believe tn Il, there wouI 10, ,ho rsrited
vote for the silver couse in the whole OF me 'n'"
States , ., b,. nations
has tho nov..r OF any nation been able 10 chars'
tho commercial value Of either gold OF Sl.hs' az
are Is not for that purpose. In IN" earn, uass,
hfors noinage was known. gold and silver ws ,
used in IN. uavmcnf OF debts ana Wrhs Wy, -,
put VIII ,% CON ge of these metals simply ior
Tho nurpose of guaranteeing theH VII" ~ enect
fineness. but tne eoinags n,N'' value or the ratio
whatever upon me oomn't, '"' 49, system vas
Of The two metals. When our coih"S' - :, gresiesi
propounded by Alex nder nv s,id he knew Of
nnancier had ey" pr'duSe'. n' ,a o value OF
no other ratio to fix nan me ,oi' ~, To- narkets
the metals as my VA Sr,"oL IA ind out what
OF the word and 70 ne uliu'I.oo IL we're in the
tho commercial values OF me tNo n,'" tho ratio
markets OF the world ana ne L. .' hanged in the
But a. the values Of the tno so,nd The values OF
mSrkets of the world II was l9u,aI In one metal
the coins changed "qualH anu m1 drove the other
was overvalued il circu.at'H @u IA down 10 1873
notai on, Of circul. ton and from 80 Srss csns
the silver dollars were w9r'n rom End as a result
Zach more than the So'd uo-.ti '. 49, ,,ere coined
,he silver dollars as man' OF thein a. srted into
went 10 the melting pot ana W. .,ysr miners did
bullion and sod "a bullion ana i t, hsn because they
could get more for II - Du'lVu roud not bring
The Governrnent OF the lnitei 80 -, Ron they we're
,h ,vvo metals together In vaine VIZ, rtsts of the
only TWO per cent apart IN III, ,h Hat Of the Coy.
srnmcnt can bring them together 10" ,pwart9 The
commercial v,.ue nronosiion is sufficient 10 cor
denim H. II the Government can 80 se the value
silver by an ac of CongreSS !, can ~ Congress and
OF every other product by an aon and OF labor
can Ak the price OF every pr9duor The Govern
Many centuries ago IN me para 40 hat They fixed
met'ts Vi ~ wage~ per day. they fxed .aS rh laws
loaf of bread but il was iouhu tl" mi and they
were ahandoned Shall We return 70 tne iow Mr.
unwisdom OF the Middle A H i what shat, %:
hut If we come to free colh'se
10 be benefited? pxrRs
EFFECT on THE WA'h ,- peopM
,., ara some twelve millions OF GA and
who have deposits in savings Ut, IN fire and
! loan associations. and who ho'u PS "a be bene-
ufe insurance companies. Are Ia wings banks
fitted by receiving back from ch they deposited.
MONEY "G Ionaeciarles OF the life ns'Sal OF that
benefited by receiving sun SUI roicy was w n,us
WHEN was promised when inc fHasn paid thro.sss
The term OF the life OF ,n his country-how NV
! millions OF wage-earners J" "'' - the
/ they 10 be benefited? - that they are s Ss
The history of wages proves oniy by slo" , dc
sowest 10 move lh hTiyy,y,ays years wages .bout
! Country II Is estimated. nav cent per snnu,nt
per cent which is less than p"' was made du,'s
but the largest part OF that r'S me war town IN
,he war and from the close o, ,s.' been upon az
The present time the "dvane1 nr The law wn wn
has Governed wages through an AN, If our mong
/ doubtedly continue 10 opera"b e dollar by an iii
nf Gongress does any one oel,e's cxt day? Tnsy
also be advanced ~ per cent tf the next twensr
s,,,5 no, ADVANCE ~ per cent III VI " wage.earne'
Mv" or thirty years meanwhe 'n all the nscss
would be paying much more Sddn bensn',isss
stiles OF NE hs wouldn't be Oensi;sd;a
money he received would In p" "i, before un's'
| greater than the price ne 'e0' A.
| the gold standard. -. !, vhen we hao 100,
preciated paper money 'ou ~ ne comrlaaoev,
very high price. Wages were