The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1896-10-21
RAID ON WAGES.
TOLD DOLLAR BUYS TOO MUCH, SAY
PROMINENT SILVERlTES.

HHOMINENl SlLNEhl KS.
Ienators Jones and Teller Would Reduce
the Purchasing Power of Wages to Help
Manufacturers-Boies to Help Big Farm
ers-Other Silverite Authorities Agree
That Our Present Dollar Is Too Good
For the Wage Garner.
Il any wage Garner thinks that FREQ
coinage at 10 to l would not reduce his
actual wages and that it is not intended
to do so by leading silverites, he should
read the following quotations from
speeches and letters of some of silyer's
warmest friends Bryan is more guard
ed in his language than some of his
friends, but he virtually tells the work
ingmen of the country that their wages
are too high when he tells the western
farmers that cheap money, and eonse-
quently higher prices, will help them to
pay their debts:
The sole object of remonetizing silver,
as understand it, is to secure cheaper
dollar with which to measure and regu-
late prices. Our present gold dol
lar Is too valuable; its purchase
ing power is too great; it will buy
too much.-Senator j. X. Jones,
Chairman Democratic National Com
mittee.
am confident that we shall very
soon hear from the great industrial in
terests of Christendom, now threatened,
as never before. by the competition of
the silver using countries. especially the
Asiatio countries, or what has been pro-
perly called "the Asiatio peril. " This
competition cannot be met by tariffs
and can only be overturned by change
in the monetary system that
now is giving to Asiatic manu-
facturers a bonus of such mag
nitude as to render competition
with them on our part impossi-
ble.-Senator H. M. Teller in New
York World, Feb. 10, 1896.
have myself in this state two farms
paid for largely with money / have
earned as q lawyer. One is farm of
1880 acres of land, and the other con-
tains 1, 600 acres. With the present
price of labor and the present price
paid for farm products no man in the
world could take either of these farms,
even if should present them with the
ground, and make dollar out of it A
farmer who works himself and is as
sisted by the labor of sons and daughters
could make small farm pay, but no
farm is profitable when conducted on
the basis of q manufacturing business
Cheap and abundant money is
the only remedy for this intOler-
able state of things.-Ex-G Governor
Horace Boies.
Wages i'll gold using countries have,
through the appreciation of gold be-
come a hundred per cent dearer than
they were relatively to silver wages,
and the manufacturer in the sill
YER standard countries can lob
tain his labor at half the cost
relatively to gold wages. which
Jameson, British Consul at Shanghai,
1898.
One of the greatest OWLS (referring to
Mexico) at the present time is the exist
ence of n scale of wages which de-
fieS all power of reduction, which
robs the laborer of all sense of dignity
or feeling of association with tho rest
of their fellow citizens. and, having re.
duced them to condition Of abjeot
abasement, deteriorates to II like extent
their productive power and the measure
of their ability. Bureau of American
Republics Qualification No. 8, 1S9D.
The silver standard is great stimu-
lus in developing home manufactures,
because foreign commodities have to be
paid in gold, and, owing to the high
rate Of exchange. their price becomes so
high that it pays well to manufacture
some of them at home. Our low
wages also help to bring about
these results. Senior Romero of
Mexico in Recent Article i'll North
American Review.
1t is true that under an era Of higher
prices fixed salaries will not go 80 far as
now, but now they go too far, and
their purchasing power ought to
be reduced. These salaries were most
ly established before the hard times set
in, and now represent vastly more than
was intended when the salaries were
created. Detroit Tribune, free silver
paper.
1t is true, as you state, that the
IabOrer Din Mexico gets only half
as much from gold standpoint
as formerly, but what has gold to do
with the case? Silver is his measure Of
values. He is paid for his labor in silver
and pays it out for the necessaries of
life, and he knows no difference,
whether his silver dollar Is
worth from n gold standpoint
100 cents or only 50.-H. S. Beat
tie (ardent silverite), President Board
of Trade, FL Paso, Tex.
/ am for free silver because am in
debt, and if we get free coinage l can
pay my debts with one-half Of what it
now costs under our present money
standard. And another reason, employ
laborers ON my farm. They are the cred
itors. / am the debtor. Under free
coinage / can pay them with
One-half 1t costs me now, for 1t
will raise the price of products,
and can then hire my farm help
for go cents a day and pay them
I'm bacon at 10 cents 81 pound
James Kitchen, an extensive farmer and
gtockman, of Grayson, Ky.