The evening times., 1896-09-02
FOR GOOD MONEY
Continued from Second Page.)

Continued from Second Page.)
wheat and corn and other agricultural
products have declined, but tins decline
Is attributed by these political quacks to
the decentralization OF silver, and the
farmer. along with every other man who
finds 1t hard to make both ends meet. Is
told that by remonetizlDg silver wheat VIII
go to collar a busliel and other farm
products will rise proportionately.
II this We're true, Iisipg prices would
affectthe commodities which Il farmer buys.
the interest he pays on his debts, the freight
rates which determine the cost OF getting
his products to market. and lie Would DC
relatively NO better off than Lefore. 10
expect the farmer to accept so great
delusioD is to presume upon his inteli-
gcDce.
ASK the farm ers of my State why they are
giving up The production OF wheat and corn.
and they will tell you IL is because Oh tile
depreciation OF silver. They will point
to these great Western prairies ana tell
you they cannot compete with these III the
growth of tile staple cereals. And they
are more profitable and less competitive
The same tendency is manifested through
out the agricultural world. Not only have
thousands OF acres OF Western iaEds IN
America been thrown open 10 cultivation
within recent years. but in Russia. lnGia
and the Argentine Republic railroads and
enterprises have brought large additional
acreage under cultivation and poured mil
lions or cddi ional bushels upon The markets
or the world
MANUFACTURED GOODS CHEAPER.
The same cheapening in the cost of EoOts
and shoes, or hats aud coats and other
clio shiDg, which has followed excessive
produc IoB in the manufacture OF those ar
tceS. has been manifest in tie excessive
production oil agricultural products. 1t
Is theold Familiar Jaw OF supply and de mand.
In my State OF New YORK hay is selling at
SIS per ton, last year II was $40 per TON
do our silver friends astn9utG tLat TO the
al llllr nj
TO II they wish to be consistent. silver
dollars in the pockets OF the mine owners
are of no benefit 10 western farmers
what they want is prosperous condluons
which will put silver dollars in their own
pockets-doIiars WI itch when taken out VIII
buy Just as much as geld dollars.
However much the prices OF agricultural
products have declined they have not de-
clDed more rapidly than The neceshlues
which the farmer buys, nor as rapidly as
the freight rates which promote the market
for his products.
our silver trends claim that the gold
dollar has gone up To 200, while silver has
neither gone UP nor down.
1 answer that in 1873 the government
rate of interest was 6 per cent: the rate in
any of the Western cities was from 10
per cent per month. anu money was haru To
get at that. By this same Atlautic cable.
reaching to money in England, Germany and
Holland the rate Of interest OH our govern
ment bonds has been reduced to from y TO
3 q per cent. and the rate Of interest in
la X per centEcr annun. and good mortgages
have been made in Chicago at 3 per cent
The Atchison, Topeka X Santa Fe Rail
road. the Burlington * Q uiucy, the Pennsyl-
vania. an had fonds twenty-five years ago
bea ring from 10 10 per cent interest per
annu;n. Who paid that interest? The
farmer. when he paid his freight. The rate
OF interest today with these bonds placed
In London ana in Europe Is on an average
per cent per annuin: so that the man VINO
had gold to loan in this country or In Eu-
= ss.Vl~ 6fl hss
rate OF interest per annum that he can get
today.
is not the value OF the gold dollar reg,i-
lated Dy the price that you ca II get per anDum
for it, If this is the case, then the price
of the gold dollar is not 200, as our silver
friends Claim. bat has been reduced by one
HaIf. because u viii only bring TO the owner
about one-ialf OF what 1t did twenty-five
years ago. There is a natural reason for
this reduction in the price OF gold. Why.
last year the world produced over 500
was produced in the United States ard the
production is steadily increasing year by
year. Sow. this 5000 900 900 amounts to
ST 900 600 more than all the gold and
silver produced i'll the world In 1873.
INJURY TO WAGE FARMERS.
\ silver standard would work partic
ulor INJURY TO wagecarrers Tne ricn and
-weii-to-do can usually take care or them
selves. bat tue ilan WHO mas vital IN
tercst in every Gays wages, whose lam
~ depends upon those Wages for It's bread
ana meat, II the person iirst TO feel the
injury anu last To reel any possible tene-
IN rfo..i AN Initiation Ut the currency. Not
only would tie Ior one year, or two years,
Or perhaps many years, feel the effect OF
the proslTation OF Industry and business
whicn would at least De the first result OF
a change To the silver standard, but when
that wore way as il probably would in the
course or time and the full effects or an
infiauon of the currency under unlimited
silver coinage began TO be manifested. he
would find the prices OF food, of clothing.
of rents raising, but his Wages would re-
main stationary. for IL Is an econ omlc
are the last to feel the influence.
So long as steady work is assured,
the laborer is much better orr under the
condition of falling prices such as We
have had for many years. a. the cost OF
production OF commodities has been de
creased by new inventions and improved
methods Of manufacture, for the necessities
OF life and even its luSurics have become
while by reason or various IN
fluencrs wages have risen. In 1870 the
average wages paid to laborers was $50
SIS5, more than 90 per cent, while dur
ing the same period the prices or com
motlities had fallen, the silverites tell US,
from % TO 10 per cent Under the opera
tion of a gold standard, therefore, no mat
ter what its Injuries may have been TO
other olaSscs OF citizens, the iaborer is
at least 40 per cent better off than he was
in 1870. Does ne wish 10 reverse this cCl-
iition and face lower wages at higher
cost OF living,
There are some classes of employees who
would be especially affected by silver
standard ! refer particularly TO the eOO,-
OOo men who get their wages from steam
and street surface railroads. Most of the
money invested in these enterprises Is rep
resented i'll bonds whose pnnelpaI ana IN
terest arc payable in gold. The annual
payments required by these obligations or
are hundreds OF millions CT
dollars. II gold goes to premium and the
Of i,nHs insist that their
terms shall he fulfilled and the interest be
payable In gold IL means that the railroads
have got to raise that amount OF gold, or
the mortgages will be foreclosed ard the
properties sold.
WAGES WILLIE CUT DOWN.
Every railroad employe knows what
that means-a cutting down OF expenses
sorganiZation. uncertain employment. III
the companies have to pay 100 cents pre-
MUM on gold 10 satisfy their interest
demapds it means doubling their fixed
charges-and this in the case OF nine rail
roads out or ten means bankruptcy Iney
cannot increase their rates OF res. Tor tEat
the legislature will not permit. They can
not exact pa yment uf fares in gold. There
fore, they must repudiate their obligations
or cut down wages-they certainly cannot
increase wages
chonse tterefore-a reputation OF obliga-
ion or reduction OF wages-the
employe is no gamer; for even were
coinage of fifty-cent dollars he ought to
receive twice as much wages as he did be-
fore in order to put him on an equality with
nreyious conditions. The purchasing power |
OF his wages. il the rate re NAMED tue same,
would be cut down ole-haif.
Against such threatened Gala mites we
have met as Democrats and as patriots to
protest. Our purpose Is TOO serious To per
init differences on minor matters or per-
sonal iealousies to divide our councils or
weaken our influence. We have come here