The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1896-08-26
A VARYING STANDARD.

has lately travelled through the countries
! which do business on u silver basis, was
seen recently by a Plaiufield Courier
Ne'0s reporter, and interviewed concern
ing the financial question. Mr.. Acker.
| man, in response to the reporters queries,
said:
! Those who so roundy denounce the
bankers, especially those residing in Lon
don, should stop and think whether they
/ would not be more 10 their power than
fievef il free silver ruled the day. Let US
see, the present value Of silver bullion is
governed by the market price In London,
and, as that price varies from day to day,
the value Of a silver dollar would vary
and be regulated by the market price IN
London. Hence, one day it might be
worth 6S cents, on another day sc cents,
and still on another ii might only be
worth 80 cents or less. At the present
time we have no such fluctuation OF the
dollar between the time of leaving our
offices at night and the time of returning
to the same in the morning.
.Anvone who hoo hoon :, oo.o,.
:,
'ua' ~ ou S"'er Dasls' US hieAico' Chlna'
japan or India, will recognize that this is
no hypothetical case but an actual fact.
for, as credits are always drawn on Lon
'Y"' "'ec' :" ""J oue Vi 'nose coun-
Tres desires 10 draw money on his Letter
Of Credit, he is told that they cannot tell
what 10 CHARGE him until thew receiya tho
q, s, t;.,.
'@ " e'se' ""''u 70 o"sea
on the market price OF SILVER. During
part Oh tue time whlie was In japan ex-
| chahge was very low, consequent upon
ramofs OF war with Russia. and during
| those times the price OF the Japanese yen
OF uoliar dropped, and' when the rnmors
were discovered 10 De without foundation,
exchange rose, ana the price OF The dollar
| went up. In weeks Time lis value
haciuaied III per cent, ana IN japan that
was no unusual occurrence. just think
OF wnat commouon that would make
mere II II snouiu DO necessary Tor store
keeper 10 remark MS whole slock OF goods
every aay because ihe value OF the dollar
hau changed over night.
since the great decline In silver has
taken pace IN japan, prices for farm pro-
uuce ana merchandise, except during the
WAT, haVe not risen, out nave remained
anoat stationary, because OF the Increased
supply; put the price LOT everything that
10 purchased OUTSIDE OF japan, In gold
standard country, mas risen to almost
/ uoupie. notel pfoprietors and those who
arp forceHto ouy those articles that are
ndcessary 10 tne conducting OF their bust
ndFso AND winch are not produced In
Japshsnave 10 pay double now to what
tney2 oia oeiore Inc great decline took
place. euu yer Tue notei propiietors dare
moi raise inc price OF lheir rooms on &C
count OF competition. Inc proprietor OF
the 9rand hotel 10 Yokohama told me
himseit that nc was making less per day
now since SILVER had declined than before
us tali. In Japan the morse Is almost an
unknown animal as lar as transportation
purposes are concerned, coolies both men
ahu women taxing its place FOR thirty
elght cents IN our money these Japanese
runners VIII pun you In llnricksha for
ten hours 81 pace that would kill almost
any morse, ana yet lhese runners stand
among tue highest paid LABOR In that
country.
Inere are tnose IN the United States
VINO denounce WAL street as gambling
den, ana they claim That the free coinage
OF saver would lessen the use OF Wall
street but the whole population OF the
unlten States, II we were on silver
a
Lonaen quotation OF silver as ca0led TO
wan street before u single transaction
could De made any day without running
the FISK OF loss.
10 InulA IL IS the same as In japan.
Inc rupee originally was worth about 40
cents TO. day II Is approximately worth ~
OF ~ cents, ana some days 1t IS down to
~ cents, or up TO "a cents. Prices there
lor 1000 products are no higher now than
oclore inc decline IN silver took place,
they oeing governed by The size OF the
crops dependent upon the quantity OF
ram mat falls during the wet season.
hahway iares are tue same, ana the price
OF an ocean passage 10 England Is 10 in
variaDly the same number OF rupees. The
failroad ana the steamship Company
cannot raise their rates, but the traveller
VINO comes from goid standard country
can bhy MS passage tor just about one
hait what was formerly charged. A good
coachman can DC had In bombay for ten
rupees, or say $3.2o'per month, and an
excellent house servant and courier for
one rupee or ~ cents per day, with an al
Iowhnce OF annas or cents per day for
his food, and these house servants consti-
tote NE highest paid class OF labor in
India. These servants are always men,
and ,hey commence their days duties by
bringmg their masters 'chota-harIi,' or
carly breakfast, at seven O'Clock In the
morning. Ihey help you dress and then
proceed to walt upon the table, act as in
terprHer during your ride, brush your
clothes or pipe clay your iorpee hat when
ypu return, ana follow you around like
ianniui dog on every occasion, pack your
trunk' keep OH the horde OF beggars that
hourly annoy you. and then at night.
when you retire, they curl themselves up
10 their blankets and sleep on tho mat
OUTSIDE your door, ready to answer your
can az any Tune. This is fair example
OF lne pest paid class OF labor In India.
Tue hngnsn soldiers In India, OF whom
tnere are loO, oOo ana over, bitterly com.
pam that their wages, AS now received 10