Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1896-06-23
GOLD PRICES.

GOLD PRICES.
Oats per bu......"......... ....... ......... Is
Corn per Observation-Disclosures.
rye per pu.....".... ....2S
Potatoes per Observation-Disclosures. 10
Butchers stock per 100 lbs. SO to So. so
Fat steers per 100 lbs.........S3 to So. so
Live hogs per 100 lbs.......$3 to SO 25
Best table butter ..........................l5
Eggs per dozen...... ACKNOWLEDGEMENT
Lard per lb.....-...."..... ...............".. 06
SILVER PRICES.
Wheat per Observation-Disclosures. 80
Oats per Observation-Disclosures.
G3crs;ee ,oh:. .....................5O
POTATOES per blu ............................27
Butchers stock per cwt... SO. go to 81 so
Fat steers per 100 lbs ..$5. 40 to Sc. go
Live hogs per 100 lbs.....$ So 40 to S.. IS
Best table ACKNOWLEDGEMENTS. 81
Eggs per dozen. Ia
Lard per OBSERVATION-DISCLOSURES. 10
Now will the Tribune do it's readers
the kindness to candidly study these
prices and tell them frankly which
range would its judgement be best for
the great mass of the people of Iowa
and add most to the future prosperity
and development of the state.
This question of the standard of
values is simply question of prices,
OF the products of labor, nothing
more and nothing less.
Ii we measure values with dollar
OF great purchasing power, such as
our gold dollar now is, prices so meas
ured must necessarily be low.
II we measure with cheaper dol
lar, prices as general rule will rise
in exact proportion to the cheapness
OF the dollar with which values are
measured.
by the coinage laws of majority of
the commercial nations of the earth.
That value does not change whether
the article itself is plenty or scarce.
or the demand for it urgent or light, |
for under ali circumstances so many
grains make a dollar, but when we
take the dollar from the mint and go
out into the world to exchange it for
other property an entirely different
rule prevails.
Then the law of supply and demand
regulates it's value, that is it's pur-
chasing power, as it does The value of
everything else, and the scarcer it be-
comes the more valuable it becomes.
and consequently the more commo-
dities it will buy, and the lower all |
prices must go that are measured by |
It.
This and this alone when correctly
understood is the difference between
what gold standard men call an hon
est dollar because it is the only dol |
lar now provided for by law as stand
ard or redemption money, and what
bimetallists call a dishonest dollar,
because its purchasing power has
been greatly increased by the demon
etization of silver and consequent re-
ductlon of about one-half of the |
standard money of the country and |
hence the prices of products measured
by it have been greatly reduced.
And so / have said before, the real
question is a question of prices.
If we want them low we should adj
here to the gold standard. If we |
want them permanently increased |
there is one way and one way alone
by which this can be done, and that
is by reducing the purchasing power
of our unit of value, the dollar, or in
other words by making il cheaper,
and this can be done in but one way,
land that is by increasing the number
]of redemption dollars.
We cannot obtain gold with which |
!. to do this. There is not enough in
the world to supply the demand for
editions. Be satisfied with present
I low prices, or we must remonetize
Asilver; double our money of redemp-
Elton and thereby reduce its value,
land III this way and in this alone in
l.crease prices.
: Unless we wait for short crops or
famine, or wars or pestilence to create
Pc temporary demand for our products
athere is no other visible way by which
prices can be advanced to reason
able basis.
It is true as is sometimes argued by