New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-09-06
CAUSES OF DECLINE IN PRICES.


did and when our modern means OF transportation
carry the product from the producer to the con-
sumner with five times the speed at on'-iiih the
cost, and when ia the transmission 81 mieiiselc,
time L. quite and cost almost annlhiIa'Cu-u you
think that then the product OF human i'Doi ~
not in dIc proportion become cheaper II IL Hiu
not then modern civilization would. in one or Us
most important and bcnoiCent functions. b" n'''
failure For what is the inventive. genius OF me
ace tha d. otcs itself to practical objects engaged
in-what else tAan in deyisns ana VrNglol,i ~
man<,id for tho sustcnancc and comfort Of NE may
he made better and more easily attainao'-'H"' L.
me farmer in the United si'tc' welcomed the
AGRICULTURAL machinery which helps MN IN riaml,
he railroad. thc steamboat the low irciehis tno
lir ,, :rT ,l market. and the banling arrange
inents required for moving and selns his product.
cOui aSeih,nt. SO - ..,nrv iucr"a srd from an
ang wn' a(o Of 5ie o6o@ bushels between 1870
hu ,, i> ''r and i~t Bat also foreign countries
Hgd ,nn cncoufaan9 bcncili; now whca'hclts were
opened in Russia and ne ArGentne -, pu''' y %I
eo1ni,ctcnt authority the wheat prod"ci Of o Ne
bushels. while the worlds consuinpiio l. '. ,
10 increa 50 only l2'Dlwp to lb'",V' hu@'l, ~.
siE Wh MINI 'ns m nergsg Of Of the %@ 'a9n
# a wonder that in the worlds ctTk.t. "n.cn
pric Ss shc S have DO Srcncd@ mis- Infinitely
more rational decig 9a o the socccd de-
mI0nciizcd noting but was actually followed by
nn increasd of our currency. nearly trebling us
volume ana making the per capita AZ lar hisn'i
man it ever had been before. and higher man
l. I'm any other country except one You Hlsht
as we'll ascribe our civil War TO the great 'o'"''
o. ISL sor.RcE OF THE DIsCONTTNT
Permit me here a word what. in my humble
opinion is the true source Of the discomfort 20
far as it is entertained by honest mon Inc new
economic conditions somewhat suddenly created
IN our time by the Vast improvements III '"'
means and methods of production and irhn~I,ort,a
lion have surprised. puzzled and perpleXco tnc
alarmed ~ lie ,t ~ ,,rir.trral az well
of profits toward q minimum Some OF mem loumd
o very har b TO 1 gga sae t OF things they dskc
TO see in all ns ghsYF easy yiedcd 10 the i'm
prcHtion Ina; mere must be something wrong at
The bottom Of ii all some consnratS ,b o c"nnirv
inet as once every cattle disease was as'rlnru
TO witchcraft ana as even IN ms cholera Vas AZ
rihutod conspiracy of the Jews 10 poSTcn 49,,
cas-, ,rrv 10 the equally honest financial quack A.
well as to the dishonest demafSgHe. lhuv .I ", n.y.
I@Ifi Of silver was The true cause Of heiT
troubles and that The iI'G c9 ,h,e,gh oirv and
calm reasoning would have convinced mem N,i
trodGciion and TRANSPORTATION. and mt ne trnr
remedy can he found only in INC adnp,a' on 81
| DDS ~ that progress This r. proved by actual
fNrccncr in Spite Of lew prices. They are
| farming farmers There are others VINO 90 nO'
pro- per nhG 9 ,h are The succssfg farming farm
crs have been studying the most cGnoiGJa h's
| farrn products and the changing opp0ft unl'l.S
offered by d9e mo1s Finnncia School ana thc
| question how free coinage would give mem "o ,hi
prices for what they would nave ralSvI -, ,hor
| financial studios bad not absorbed 50 m"'h III '''
'',W. nndjd rejection will convince them that III,
remedy urged hv the frcc-coinagc mon. hclhE pas,t
upon false diagmoss YIN ,I n%5 HE conplaimcd o.
| II IS case Of jumping from the ifY''S-P"" '''''
the fire.
THE FEARFUL COST OF IT
And At what price will his ultimate result be
gained in the case of Mr.. organs election? At Ia"
price of the most violent nd destructive crisis on
| record such n crisis can only be Drought on 10y
a sudden subvcrsion OF the standard % values ana
Of the whole basis OF credit. AT the pNce OF hde-
mite bushes. paralysis and distress. ~ the price
Of the ruthless spoaton Of the savings accuinu-
| lated by the toing ma At the price Of rob
hing our war Of half OF the value OF their
pensions At the price OF greatly lncrcaSlne III,
! number of unemployed by discouraslns ehlrrp,ls",
| and Of curtaiing the value Of the wages OF thos'
remaining at work. A. ia" rricc o. me IcSpccl -.
the world for our incllig nee ana ptacc"l sens
And worse far worse tnan all this, al me Price u
something that has ncver teen ioIl,i'ea simc" ,ai.
| republic Was bofH-al lhe p'icc %. .nr - 90,
good a nation can possess ana for INC preservation
ol ~nirn f n'r uai"n honor FOR this nation.
SO rich and powerful would stand before the wot d
as ga wa frmd@ni banErupi tbs wii be tae cost
OF the experiment Are lou willing 10 pay this
But more. Rcsorting 10 that cheapest OF oil
hackncycd tricks of dcmHfogN, the cAcll in"nt OF
| Europe in general. they ii Us thai. Ike con
| oIirrnd race We are paving tribute TO the fo
eigner. What has Europe "one TO sub)ugaie us
| Nothing absolutely nothing but lend MS money.
| cho ala not force her money upon us but lent II
| when we asked for II and were glad to receive IT.
| She lent us money when We needed II 10 maintain
Money 1ne "l %hen we wished II 10 develop the
| IF our new country ana what docs Europe AL.
| Tor? Nothing bet what promised 10 pay when
| we took what she lent. Where IL the tribute? u
is said that Europe largely prontcd on the loans
| need we did not grlidge t. But for the rcst-is
| II not true also that untold millions Of European
| that failed? Tribute indeed This word can be
| prompted only by that mean spirit which cajo
| Inc lender as friend whom his money Is asked Tor
| and treats him enemy and outlaw wn"n n'
asks for his dues Is this the spirit OF the AmeFl-
| can people,
| ever. that finally the business Of the country vii
adjust itself TO the silver basis. that then unrcS'
| viii cease and that confidence and prosperity VII
! return No the unrest viii not cease. FOR with
the establishment Of the SILVER basis Will come the
disappointment OF those no brought n on.
Fnllow-ctizcns. II is n grave matter-a matter OF
vital import to the existence OF this nation Tie
public men who teach such moral principles 10 the
horrence of mankind. The nation That Accepts
such moral principles cannot live. I, Will rot tc
II the nation accepting such moral principles II,
this republic. II Will deal death blow 10 the credit
OF free government VIII not recover for centuries.
| 4 MACHINERY EXHIBITION ~ MUNICH
Washington. Sept. 5--Consu Steiner writes Il
the Department OF State. from Munich that =
second exhibition OF power and labor machine.
Will be held there in 1898. American manufacturer,
are invited 10 participate. Noteworthy exhibit.
will receive awards Of distinction In the form OF
medals.
| -....<., .r..