The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-09-29

The Price ~ Labor. b.,
while reductions have gone on in
commodities, food products ind manu-
hcture products, LABOR HAS RE-
NAMED, NTH VERY FEW EN-,
CErTlONS, AT THE SAME RATES
AS WE'RE PAID IN 1873, In the hUavl-
er lines or Iron, where automatic ma
Snlhery has taken tho place OF manual
mppr. thn prlccs per ton have bern KN,At-
" reduced. but the earning power Dor
hour of the mill worker IL, as | stated
and You men viii reCoEnize, nearly or
quite as great IA II was IN 1874 This
does not apply any more to Iron workers
tinn II does to other mechanical pur-
SUITS. common labor ~ FAR. as | can re-
member was once paid 81 10 per day In
our mills here; that has been reduced to
VI 20; but comparing the period at which
the Two rates were paid. II Is certainly
within the truth TO say that 81 70 to-day
VIII purchase 40 10 20 perccnt more than
the 81 10 OF the Former period.
some Jt the advocates OF tho free
coinage OF silver at the ratio OF 10 TO |
by- the United Stnts represent with
what real faith they alone know their
belief In this ns restorative Of the
commercial value OF the two metals
throughout the world to the same IA.
Ito. DO YOU KNOW WHAT IT
WOULD MEAN TO RESTORE Sill
WEIR FROM ITS PRESENT MARKET
RATIO, WHICH is. SAY 81 TO |, TO
is To II Silver " now worth ca to &C.
Gents per ounce; ut TIL, ratio proposed
II would have h DO worth 81 %; Il
must then be practically doubled In
worth, and Il Is not a question merely
nt doubling the annual product VI the
United States. though what would
seem an enormous undertaking. or
even That " the world. There exists
In mOaey alone In the nations Of the
earth over four billions VI dollars OF
silver az rtCRaned by the recognized
authorities. 10 YOU THINK. Is
THERE \ MAN HERE WHO WILL
SAY AFTER DELlBERATELN
THINKING OF THE ENORAIlTY OF
IT, THAT THE CONGRESS- OF THE
LIMITED STATES BY IT'S ACT. AND
TIE PEOPLE Of THE UNITED
STATES ny THEIR SUPPORT, IN
) AIDED CAN LIFT THIS VAST
QUANTITY of SILVER TO TWICE
IT'S PRESENT VALUE? And
] have nor Yet told you OF
the magnitude " the under
taking. There are varying esti-
mates of the silver that has been used
In mechanics and the arts; that prob
ably amounts to four billions NJ dollars
and this too must be advanced. Is the
most jealous % the partisaus OF free
silver credulous enough to believe TINT
1t can be done?
Another proposition OF the advo-
Gates OF free silver is that the values o.
commodities will b. doubled. or prac-
tlCaly 81. That Is reasonable and
probable. but on the theory alone that
the commercial market FOR gold and
silver will remain neariy as now. Ex-
ported wheat, cotton. cattle or any
other commodity sent To 4 country
having a gold standard is there dis
posed OF for gold. II goes without say
Ing that free coinage OF silver will not
affect, at least materially. the price
obtained in gold and in competition
with other countries supplying the
same products. rlfe gold payment for
such product will be exchanged for
deprecated silver dollars, which Will
then be the basis o. our currency, and
the farmer will receive the equivalent
In the deprecated money, nomlnaIly
more, but In purchasing power the
same. | believe the price OF wheat At
one time during our civil war when
the prospect for the preservation OF the
union was darkest and our promises
to pay at the greatest dlscnunt.reach-
ed for a short time about 81 S. per
bushel. but the London price at that
haan IT pEsiIy HE,ST T,ti,T
rrIE c6r n nSIi.pS EGp vIiSty
;rtiE, Wis.,, fIkD pEEr SCR ~
LvEnr EEcfi,>-HED r.Sp 20 o. SD
,rEE,pr ARSf;TS oT Sf:p .'i,E,S
nEppt.CI ,TCrt c1rr>.u ,r-,
-,
"""e" ''i'er "'h'
There are supporters of the Chicago
platform and its candidates who do not
,,,,,,,t, ot,ha- ~ ,,.sa CLAIM. o.,,,-.
-
IN hou'ieu loFHI' NheE are NOT 'oi'eh
heard from, but as their presentation
~ the ou,s,ion Is moro rpasorohIs {,
=. -. :, .,,,,.,. 49,,
"uu'H Oe u"'"t' :" 'S"''' IT, l"eSc "H-
NIT as III. result ~ free coinage the
practical demonstration OF gold, that
Il VIII 50 10 premium, lose It's plnc"
as money In our system and be GN-
ported 10 other countries TO whose
store OF gold money 1t will be added.
They say that this increased supply Of
money 10 the gold standard countries
will dcprec!atc 10 sonic extent the val
!. ue " sold, while the demand for tbs
silver that replaces 1t In our c!rcula-
ton Will enhance that metal ard thus
the market cllue or the two be- brought
nearer the ratio OF 16 to |, and that the
whole store Of metal money In the
world vii! I've Increased. money become
cheaper ana commodities higher.
These people are out Of place: the logic
~ their argument should place them
among the true bimctallistS and With
the people who stand On the 81. Louis
: or indianapolis platforms for an Inter-
national arrangement. Their throry
3 sounds more plausible. but 1t would
M M, r,nul1r ,lorf.ipr /, toll Fr,,u