The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-07-16

s'a'''t''s'ts.itNt 'h%1 1870 'Nlh
Observation-Disclosures. ~ . iss IL. .Ssi
Tho average price OF corn, (which Is
tho most important farm crop, WAX
10 ~ cents between 1870 and 1889, and
AZ cents between 1850 and 1891.
The average price OF oats In tho first
period WAS thlrty.Ono cents, una In tho
second period thlgty-thrGG cents. The
value 0fSthc Out crop waB about the
same aS that OF the whcat crop.
While cort ana .nntH went m silver
kept going down. Tho reports made by
the senate committee kh0w that whNc
manufactured, pr0duclS ihnYG fallen III
price anraYSGRgs Of IS pGr coht--SOmo
articles, like steel, wire nails, steel
rails, and Kerosene, 50 pGr cOnt--thG
great mass " small products Of Tho
farm, cultivated mainly by hand labor,
beef, pork, and, tmApy other articles,
have risen Is per cent since 1860. The
products Of the farm have more value
now In exchange for clothing, tools and
household supplies, than In 1873. or ut
amy previous time.
Az regards the wage worker, tho
movement OF prices has been cuur.
tnously beneficial 10 him. The senate
committees tables show that while tho
average prices OF 293 leading articles
declined per cent from 1860 to 1892,
average wages have Increased 60 por
cent since then. Since 1873 average
prices have declined 20 per cent, and
average wages have Increased IL por
cent.
why have we had hard times ever
since 1879?
1t is not truo that wo have had hard
times ever since 1874. Great prosperity
followed the resumption of specie pay
ments and continued until the silver
agitation changed the prospects. Since
then there has been increasing agIta-
ton and distrust, eliminating in. the
panic OF 1893 since when We have had
hard times. E.
How cnn the agitation for free silver
make hard times?
Because contracts are mndc payable
In dollars, and tho FREQ silver agitation
makes It uncertain whether n dollur
means 23,e2 graius OF gold or S71H grains
OF silver. That much gold Is equal In
value to neaEly twice that much silver,
so that the chance OF receiving u silver
dollar for gold dollar means n risk
of possible loss Of nearly 70 per cent
ON loans or Investments. Hence money
is hard to get, enterprise Is staEnnnt
and business goes on slmplv fr5m hand
10 mouth. rs The saving is NJ"nnwbIIa
money niles I'm in financial centero - ho
loaned on call at interest rates as low
rs ? per cent, while offers OF S and 10
per cent Interest on Investments fall TO
obtain money where 1t Is needed most,
The resulting distress Is most keenly
felt In the south and west, for those
the movement OF The crona md ,Sa
suDport OF THAR industries $50 '''
-.
Would the success Of fren st,vor c,u,o
q panic? -
That depends upon whether tho moo
Me will try Ia GET what h.,innrs -,
while doIiorq ora rs yaoII g. -. ~
will be willing Ia Iwa,t mn,JI 40 ee 90, "
ard Of yaIrn IL Tho vYvar JniIn. MI
manic Of 1894 wns ca,,and ~, 80 ~
silver, but II was stavra 6v ~ ra, 80
of the silver nurrho 90 In n, ,nS 49,
reated issues Of bonds sInca r,n ~
cess by which nanIc comes t,ras r. 5,0
described In n snaech ~ n" So1rotn.,
Hol,e Smith. OF The In,er,nr T1ann-.
ment. - - POI :
''If n President and ronrrsc, y.ora
elected In Snvernbnr c,n, r,is,oJ VIZ" rs
-
grains NJ sIivnr Inv, JoIios 80
mSnths wound mass boTara .h heu'4S s,3
he innuo1,rat tod nna eI,t ro nS SuuIu
before the nronosn1 Is,,sJa ia, 6 riU,S
become law DurIn1 I'M 'ttU'H Hou,u
tors wnnld seet n n,otact ~, ,hn esSuI
against brInr mani IL So,,n,.. '''S $3.50
only ahou+ thir,eer ,rn,,s - 80 WI -,
they wnuIh pnde,vCr - ,'a,t So' o,., Iuu
tons before rho unIi,nSted IN o 20
dollar harnn nv IeeS vi
would NOT hs aJIo,,oI ~ LII, L1 ue9tpIs
ors untU ,hnv rovtI c,ot ~, .'a an. ~
Of paving off What tSev ' neS aIIn "a agst.
forced 10 imneSSa Il. .o+,Ie1 "ouIe oe
ina and CONCERNED u,o',is -, 'IIt4
them withnut 1aIov Dooa,,it uPy.I
hnnks wnuIJ w,IIbIro ~ 80. ". al
The Jarre ,narchcnts Snrnnd tn"i!eG.
their foreign indnhtsIrnss 80, $500 800.
unon irme5Ia,a nnvmnnt ~ "un'S Ii's!st
from smaIter n,ercI,nnis ~ ~ ueoaS uue
IN tnrn "rn,,id he s'I.itiTF
ed 10 fnrce COLLECTIONS Fro,, eJ.'IS .
toners, The rraot volun,n ~ h',,,S
conducted un1n crejSJ,s ,,o,,ia ousIlIcss
cntnTnr'rss nn,,,, eeuse;
\ rrord IN rontJn,o b,,S;no.., Nou.N ny
contracts untu tLa yaI,,a1S, VI iinke
dollar cn,id hn ss,,,aS b., Y, ny neN
ninnt;on nT imei Hhnt eJi,, Wv. Ge.eI
silver wound rrovn m hn ,yo,!st Nv W VI
ufactorins would closa 'J}usInass h""sn,
would fail Ranks wo,,i 10 , .I5
'rbr unnnn,nvaI ,:o,,tL Na ,,,,, ,i'ua;
BY millions Thr Tnrmcrs Y.n,,Id nnI
rcv. ,,i,r"bnp,,G rn, t ~ s.'tis would nhu
At the end OF d few years whpn Incl.