The Indianapolis journal., 1896-10-11


APP. AIS were hired laborers in manufac-
lures.
S,Oo4,o1 were hired farm laborers.
,443,399 were hired domestic servants.
639. .4l3 were conductors. engineers, firemen
and other employees of rauroad companies.
61l,4l7 were carpenters and joiners
$4,000 were clerks.
341.Sn We're school tea achers.
S68, 5a2 were draymen and hackmen.
264, ,GJ0 were statesmen.
2i3, t43 were 1aunderers and laundresses.
219. .S6S were painters
205, ,315 We're blacksmiths
1S5, 1877 We're tailorS.
159.274 were bookzeepers and accountants.
l33.5lS were sawmill operators.
104,S03 were physicians.
6S.293 were clergynen.
A,916 were BARRIERS and hairdressers.
S6.454 were printers and pressmen.
q .633 were watchmen and policemen.
5S, S,l0l were commercial travellers.
63.34S We're telegraph and telephone oper-
ators and linemen.
A $40 We're boarding house keepers.
lilo were hotel keepers.
54,029 were hostlers.
726o1 were laborers employed in vineyards
and nurseries.
7O.7S4 were laborers employed by stock
men.
49, 242 were civil engineers.
1887 We're woodchoppers
1858 were stenographers and typewriters
25l67 were livery-stable keepers.
1888 were dentists.
These are a part and only a part of the
vast army of wage workers who are to be
injured, and seriously injured. by the
adoption of any deprecated standard of
value. The paper standard is the worst
because the paper has no appreciabe in
trlnsic value to check its expansion. The
silver standard is the next in order but its
mischief is limited by the market value of
the metal in the dollar. The most stable
invariable and the best of all moneys is
that one of the precious metals which is
recognized as the common measure of val
ue of the commercial world. We have that
stable, invariable standard of value now
a currency destitute of fexibiIity elias
ttcity, and there is nothing wanting for
its, Improvement but the substitution Of
halves quarters and dimes in the place of
the national bank notes and a continued
coinage of silver so limited in it's amount
as to keep ii at par with gold
THE BEST REMUNERATION.
Every man, woman and child who is
paid in money for services receives the
highest possible remuneration when they
are paid with the best dollar that can be
kept in circulation. That is now the gold
dollar and the silver and paper dollar that
is invested with the functions of the gold
dollar and circulate hr ecedit. When
all the industries of the country are con-
Quoted on this basis all fluctuations, specu-
lations and gambling are eliminated from
business, and exchanges are made upon the
value received.
Whenever this standard is supplanted
by a deprecated money, whether silver or
paper, then the prices of everything upon
which the wage Garner lives are controiIed
by speculation and stock jobbina A fever
ish demand is made for ali articles tbat
may be sold again. AS the money deDre-
crates 1t decreases in value and the price
wages rise but little. They keep at a point
Tar DeioW the prices of the things which
the laborer must buy There is no demand
for his hire to-day that he may be turned
over to another tomorrow at a higher
price. Speculation does not deal in labor:
only in the products of labor. Political
economists II la hnr ic
to rise and first TO fall when prices are
controlled by deprecated money. IRE
circulation because, when issued by cor
poratIons, it admits of greater elasticity
put any money that is below the best and
nlghest standard is a money that cheats
lne wage Garner at every turn. Let me
give an illustration.
"A few years ago a very extended in
mittee of the Senate Prices and wages
were examined from 1910 to 1892. The evil
TWO facts: First that wages, measured BY
the best dollar, had been increasing all
that prices, measured by the same stand
ard, We're falling during the whole fifty-
two years. This is very happy condition
for the wage Garner. He is doubly bene-
f1ted by the standard of the gold dollar.
He is benefited by the constant increase of
his daily wage and benefited again by the
constant decline in the prices Of the things
which he must buy. From 1910 to 1892 the
rate of wages increased "A per cent, while
covered the price Of 222s articles, which
cent. Many of the articles which We're
everyday neceSSarleS OF lie declined more
e than \ tina that. Fuel fell Is per cent, metals
nishing goods 40 per cent. This is to-day
the wage-workers' situation on a gold
standard. Let us compare it with the
paper standard when the country had the
highest prices it has ever known.
In 1866 the unlimited issue of paper
money Dan1Shed gold from
ton, and the paper dollar was the stand.
ard. Wages in paper money had risen 81
same time we find that beef had risen 10S
per cent. above the gold rate, hams los per
cent, New Orleans molaSSeS 13o per cent.
two-ply ingram carpets 141 per cent, den-
inns 274 per cent, drillings 2e5 per cent,
sheeting 291 per cent, shirting 222 per cent,
shingles 121 per cent. window glass. 16xI4,
125 per cent, and quinine 13l per cent. Here
value robbed wage earners of more than
half their earnings. Now, let us take these
same articles and the rate of wages under
the gold standard of 1891 and see how the
wage Garner fares as gold bug
NECESSARIES LOWER.
1--WE find by inspecting the returns that
wages had continued to rise throughout
the whole term of ffty-two years, but
prices of commodities had resumed their
normal role of decline. Wages in 1891 were
so per cent. higher than in 1860, and in gold
We're o. per cent. nlgH6I lIldH III 1000, Out
beef had fallen 70 per cent, hams so per
cent, New Orleans molasses 20 per cent,
rice SO per cent, salt q per cent, refined
sugars 6S per cent, calico II per cent,
two-ply ingram carpets 60 per cent, dem
inns rs per cent, drillings 70 per cent,
sheetings, IS per cent, shirtiEgs a per
cent, tickings 81 per cealt., stove coal e3
per cent, nails 60 per cent, pine shingles
% per cent, window glass Qoxlg 63 per
cent and Qunine IS per cent The year
1860, under the gold standard was the year
with which the others were compared The
number 100 was given TO 1860, and prices
and wages were marked above and below
that for the other years in proportion as
wages and prices went above or below it.
Taking 100 for 1850 as 100 cents. the price
of a days wages in 1866 was s1.25 per day
in paper and in 1881 s1.60 per day in gold:
In the paper money of 1866 the price OF
coffee was 43 cents per pound, butter so
cents, meat I5l4 cents. New Orleans mo-
pound, soap Is cents per pound, refined I'll .es
twc-ply ingram carpet S1.l1 per yard.
denirnss 50 cents arfllings 80, ginghams IL.
81 aa4in1 xxar,aay,s1 all-WDOI dress goods