Pine Bluff daily graphic., 1896-05-11
<rR AND WAGES.
< ; escRETARY CARLISLE AT CHICAGO.

HReduceo
 and would Do So In This ,H
 ,.r,;ne is an extract from the
 blloH le,e and unanswerable speech
 relv' r 1abn G. Carlisle at Chica-
 Ipl d;red for wages, like money
 oyo,y other account, is val
 l.1p ~ to the extent that it can be
 'n1 sOr other commodities, and
 E'a .,1 lJ necessary to suggest that yp's,9 ''o,th 50 cents will not pur-
 saeb s in the markets as q dol
 { pu ,l,0 cents. To call a dime a
 7 .ld add nothing whatever to
 soa,s s.is valuo or to it's purchasing
 1l'y p these propositions are correct,
 that when wages are paid in v ''.atad currency the rates of
 . as, be increased in proportion
 ssa s,.araciation of the money and
 .'s4iou ssI to the increase in the
 < otber things or the laborer 'I 'I affirm that it is the universal {. ina rates of wages do not in-
 
 moportion to the depreciation
 { rslue of the money in which naid. and that when the cur X Appreciated the rates of wages .scraase in proportion 10 the in-
 T tbe prices of the commodities s,sr is compelled to purchase.
 wartime Wages and Prices.
 ,,as the wages of labor, paid in |a,ted paper, were less than 3 per |sphsr in paper than when paid in Sst % inc prices of the 223 articles |,stha laborers and other people in E'Dtqnanee of their families were 8 per cent higher than they IrbPn paid ill gold. In 1868 the .[d labor paid i'll depreciated pa rth about 09 cents on the dollar m1 per cent higher than when |5sold, b.t the prices of the arti- Ae hbortr had to buy with his s.Fue nearly 49 per cent higher. Ilthe wages of labor paid in de apaper dollars worth 49 cents |hd advanced 25h per cent. but sss of the necessaries of life had Ea sO1k per cent In 1865 wages Ianper currency worth 68 cents ldOllar had advanced 4S per cent 1 Ehe rates previously paid in gold ,0pivalent, but the prices of con- s had advanced nearly TIT per -bat is to say, had more than |a-and in 1866 wages paid in a pH worth Fl cents on the dollar |siyanCed q fraction more than 52 at from the previous rates in q its equivalent, but the prices of aides had advanced 90 per cent. 1 INin the rates of wages never cor sbi with the rise in the prices Of 1 ihings until the the year 1869. four liter the close of the war. when laeof cur currency was II cents dollar, and 1t was quite certain a further depreciation would oc- Fages of labor, measured by gold FEere in 1860, when we had a currency. had fallen about 24 Hth 1868. more than 10 per cent |
 and nearly 4 per cent in 1865, | i've had depreeiated currency. silEsr and Wages In Chile. ncent experience of the republic lle furnishes another impressive Hg to the wage earner against the depeeiated currency. In 1875 ! b1 or dollar of Chile, was worth Sa cents in our money, but ill EA years after gold went out and ane in, the peso was worth less acentsin our money. Silver con- depreciate, and besides large Of paper currency were issued gFernment and the banks, and
 sOyears after the change from l basis to the silver basis, the worth only about 841a cents a0ney. Let us see now what ef- as cheap money, or, in other as system of silver monomet- Which you are asked to adopt M upon the wages Of labor in Qaltry
 MO, when the peso was worth sas . mechanic, a boiler maker, .1alth, a carpenter, a fireman aallary laborer received togeth- | days work lsh pesos, or
 lOlf money. In 1885 the same aN0elved for the same work 20H 1 m'' owing to the depreciation of asncy' this was equal to only U our money, and in 1895, 20 sa the country had descended 1''a Oasls, the same laborers re- .~ ~, the same work 90. e5 pesos, snlue of the peso was less than s,', aha consequently their wages s'a s@ 10 only ss.94 in our money, sSoat So one-half of what they had asOyears before. minister to Chile, after q very 'alallnation of the entire situa- ~ sa' country, says. Ut may be N N granted that in Chile, as in eountles which have a like .,s apeflel ee. the consequences money have weighed most slon the classes that are least sapport the burden D Tba orsls