People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1896-05-14


prices Go not fall with wholesale
prices, as is only natural, but much
and then not so far. The result is.
cuts in wages mean to the wage earn
er a lower standard of living such as
alone thecrayingS Of hunger for him
self and family will force him to ac-
cept. And, if driven by hunger and
suffering, the labOrer loOseS hope and
incentive, and be is no longer capable
Of the same effort or Of performing
the same amount OfwOrk as when he
labors hopefully and ambitiOusly.
For the manufacturer to cut wages in
ike degree with the fall in prices is
impossible, and in attempting to dose
he must destroy the superiority of his
wOrkmen.
To compete with Asiatic comDeti-
ton fOstele1by the premium ca gold, a
bounty that we ourselves blindly pay
to exporters in silver using countries,
is already ruinous. 1t must soon be-
come impossible.
"GOld prices have not fallen so far
as the gold price OF silver. The diff,
erence act as a bounty on exports
from silver using to gold using
nations. e. ...s,.
" In this way blind adherence to the
sold standard is enabling japanese
and Chinese to undersell US in ou5
own markets But it is not in this
alone that we suffer from the diver
gence in the value Of gold and silver
and it's not the bOnis we pay export
ers in silver using countries that is
alone and undermining and must
undermine andcoanteract any tariff
that we yainly try to make protective
under gold monometalliSm.
"The same difference between the
gold price Of silver and the price OF
commodities in America and England
and Germany and other gold using
countries acts as a protective wall
around the silver using world. Man
ufaCturerS, here or in England or
Germany, sending their goods to sill
uer using countries ask gold in pay
ment. This gold costs the people in
such counteries just twice as much to
get as before the characterization of
silver, and unless the goods are offer
ed to them at half price, the price
asked represents an enhanced value
to them. Manufacturers in gold
using cOunteries can not reduce the
price OF their goods in any such pro.
portion for reasons already given
The result is that the price of EurGp.
can or American goods has been en-,
HANGED in China and Japan, although
our manufacturers sell for much les,
in gold than formerly. The price t.
the Chinese and japanese is not en-
HANGED 100 per cent which about re-
presents the appreciation of gold il
their money, for the. gold prices OuI
manufacturers ask are somewhat les:
than heretofore. But whether the
spFce is enhanced 4Oor 50 per cent, il
fsjust so much protection. 1t drive.
tile Japanese and Chinese to make
for themselves what they can not, al
the enhanced prices, afford to buy
abroad. The result is that European
and American goods are being crowd.
ed, not aloueaoutof China and Japar
not alone out of India, despite The
efforts of England and the closing o.
the Indian minis, butt out of all sil
yer using nations The markets o.
silver using nations being closet
against English and German manu-
facturers, the pressuretO sell then
in America is much greater than il
would otherwise be. - 70.
Thus our nanlfacSurerse exclude
from the easterh'markets, are forced
to meet an Unnatural Competition.
net alone with Chinese and japanese
manufacturers, hut with European a:
well. @ -
But this is not all. Seeking Z
lHarket l0r tpelr produce in England
and Germany, cur farmers are,obligeC
to sell their wheat in competition with
Indian and Mexican wheat raised on
a silver and OF Argentine and Rus
sian wheat raised on a paper basis
while our planters have to compete
with Indian Gotten. Our competitors
for the markets of England have
been enabled, becauseof the apprecia.
tiOn of gold, to cut the price they ash
for their wheat and cotton in halt
without reducing the amount of sill
yer which they receive in payment
To meet thiscompetitiOn, Jour farmers
and planters have been forced to ac-
cept lower and lower prices as the
gold price of silver has fallen. Unlike
their competitors, who are recomoens
ed for the lower priees they racaiv,