The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1896-08-12
Free Silver and
The Norkingman

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~oVlc, ~ '" .ne w. ,.,,'atu,. g., Ia,'d
in factories and in every class of wealth,
would see them double in price upon his
hands almost at once. His employc would
be paid in currency which would buy
only half as much, and would thus have
his actual wages reduced to Just that eX-
tent
H H H
The free coinage advocates say gold has
risen in value. Suppose that this Is true,
what is its effect upon our wage earners,
newspapers and look at wholesale prices
Of goods and food. You will find that they
change daily and sometimes repeatedly
know-or If you don't your wife does
that they change pretty often-in some
thirss every month or two and in some
things every week or two. Now take
wages. You know that changes are COM
paratively rare-generally not more than
once or twice a year and often only once
or twice in two or three years What does
that mean? 1t means that the price OF
labor is more conservative than are the
prices Of the goods that labor buys. Hence
If our currency is appreciating go as to
make a dollar buy more goods there will
be weeks, months, perhaps years, during
man Will he able to buy more with them.
In other words, the appreciation of gold,
so long as wages are paid on n gold
standard, means that every laborer gets
more and more for the same amount of
wages. And that is certainly good thing
for wage earners.
U II #
Take the opposite case have no doubt
that free silver legislation would in
measure accomplish what is friends claim
that is. soon raise the price of every.
thing that is bought to nearly. IL not quite.
double its present rate. Does any one i'm
apire that wages would be doubled at
oncep Don't some of YOU remember how
II was in war time? Don't YOU know that
Won would wait months and years for the
slow nrocess of reimbursement by strikes
and ,ockouts before your wages would
finally he raised in proportion? With the
vooe aarner tbereforc tho free silver
case stands thus. The annreciation of
oo,d of which the free silver neonle com.
nIain ia tho very nrocess that VIII rive
hin, MORO and moro for the wages h,
vets The imitation Of prices tne silver
viii reduce the nnrchasinp mower ~ the
r.or.s ha gsts and w;,, Tins decrease his
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tho,, aro zoo high hou,.,or ond ~ 10 IA.
s;roh,a thot thnv sbor,d ba ant down