The Pioche weekly record. [volume] (Pioche, Nev.) 1877-1900, 1896-04-23
eLARINe FACTS.
., hat the single Gold Standard Has Done
Cor tI.. Earrnara NJ tha Ccnnt--

That the single Gold Standard Has Done
for the Farmers of the Country.
The New York Herald is beginning
toopen its eyes to q condition of things
that has long been attracting the at
tention of thoughtful people. Our con-
temporary has received some of the ad-
vance sheets of the report of the de-
partment of agriculture, showing the
money values of the principal Amer
lean crops in recent years
These reports, as the Herald remarks.
furnish some startling revelations, es-
pecially to that large class of business
men who have closed their eyes to the
ruinous effects Of the appreciation of
gold, as compared with all other COM
modit;cs. But they are not startling
revelations to those who have watched
the course of events in the light of the
axioms that have been laid down for
their guidance By all the great finar-
cial autho. '.,as - thu world. For the
results that now appear to the Herald
as startling revelations were predicted
by bimetallists years ago, and there
has hardly been a month, since 1878,
that the Constitution has not warned
its readers of the inevitable results of
gold monometallism-thea appreciation
of gold at the expense of the products
of human labor.
These results, as Mr.. Robert Gifin
admits, have been STAYED off, as the
phrase is, first by the Bland-Allison
act, which added to the volume of sill
yer, which was then recognized as re-
demption money, and by the Sherman
act, which made welcome addition to
the paper currency of the country.
But since the repeal Of the Sherman
act, without further remedial legisla-
ton, even those who were blind before
have been able to witness the results
of the single gold standard on prop
erty values and on prices
The Herald presents it's figures under
the head OF Recent Fluctuations in
the Nations Wealth." but it strikes
rs, and we think it will so strike our
readers when they have studied the
figures, that fluctuations is a very
modest term with which to describe
the awful losses that have fallen on
the producers Of the country even since
1898, to say nothing of the still more
extraordinary losses they have suffered
If comparisons be made with 1873. In
500 the three cereal crops of wheat,
corn and oats were valued at St,3l0,-
100000, and in 1891 they put
into the pockets of the people the
sum of 81, ,5s2, 600, 900! Even in 1892,
in the face of disastrous drought,
covering the whole grain producing
~egion, the value of the cereal crops
cmountcd 10 81, 173. 512, 1872 But in 1893
ana 1895 their combined value dropped
t. 1895, oc0,0o0 or less, reaching last
year only 5000 000, ,0o0-being S2O4, 000,-
Co0 less than in $780, and S0l3, COO, 600
less than IN 1891, Thus we SEQ that in
three years-with nothing whatever to
explain it but the appreciation of gold
the aer!eultar;.. res.,uJora Of the
country (not counting the producers Of
cotton) lost the stupendous sum of
Sl,l5s, ,o00,0OO.
Bat the tables printed by the Herald
enable MS TO add cotton to the list. Ac-
oording to the reports of the agricul-
tural department the value of the four
great crops stood as follows in 1s9l-92:
Isaf 1902