The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1896-11-28
\ Everybody Waiting For the Rromised
Prosperity q M
sss5.5 Y rlcKlnIey. . B 1s
WAITING TOR .THE aooD 1lIFs
Farmers and All Others lobe Happy In
the Sweet Byatad= BY,
Perhaps. u

& UIluS -ule pIOauCfD5 ICfdSSSS pIUSpCtitSS9 Az
already much heralded by that part OF our
press which is subservient to the money
power and tbat has done SO much to weld
the gold standard on the neeks OF DIR peo-
pie for the years to come. We are told
OF mills and factories long, in idleness re-
Stunning operations; we are told Of manu-
factureB who have operated their; plants
on short time and with curtailed force;
sstarting up on full time and. with a full
force; we are told CT numerous others
planning to- enlarge the output Of their
mills. That many manufacturers, antici-
pating the promised revival Of trade and in
expectation of enlarged demand for their
goods are enlarging production Is undoubt-
ed. That this is any Indication of return
Ing prosperity is question. II.
There is no sign Of any Increase of
consumption among those who must illti-
mately buy manufactured goods There is,
indeed, urgent need among many Of our
people for new raiment, indeed, MANY are
suffering for lack Of clothing, many, are
without adequate shelter, many have not
the tools they should have to carry on
production; but the need of new manufac-
tured goods Of all kinds is very different
from the ability to buy. i
:'Our farmers need the products of our
mills and factories, but they have not the
means to buy. And the election Of Mr..
Mckinley is not going to bring them this
means. They are dependent for the means
with which to buy on the sums they can
realize from what they raise and sell, The
election of Mr.. Mckinley certainly cannot
lead to any increase In the productiveness
Of farm labor. The yield Of the acres will
be no greater, nature will be no more
bounteous in her gifts, she will not reward
the farmers labor any the more literally
because Mr.. Mckinley has stepped into the
shoes of Mr.. Cleveland. The farmer HAS
no more bushels Of wheat, no more bushels
OF corn, no more pounds OF cotton to sell
since Mr.. Mckinley election than before,
neither is there any prospect that because
OF Mr.. McKinley's election the crops of
next year will be more bonntiful than those
Of last. If the farmer is to have more to
spend next year than. last for manufactured
goods he must get. better prices for his
products He will, in all probability, have
no more produce to sell next year than
this. II he gets no better prices he will
have no more to spend. ..@..-, S.sy
eff Mr.. Mckinleys election brings an
assurance of higher prices for agricultural
products, then his election holds out
promise of an increased demand for manu-
featured goods in the year to come. But
far from holding out the assurance Of higher
prices for farm products, Mr.. McKinley's
election and the triumph Of the gold stand
ard holds out the prospect Of lower, and If
prices go lower the farmer will have less
than ever to spend for manufactured goods,
the demand for manufactured goods will
fall off, not increase, and manufacturers
will find no market for the increased out
put of their mills. .l s.;
$50 the starting up of the mills induced
by Mr.. McKinley's election can but end
in disaster to those manufacturers: who
their hopes on an anticipated increased
demand for their products. Such in
creased demand will not come, for the
agricultural classes, who are the consum-
ers of manufactured goods, have not the
money nor the ability to raise the money
with which to buy. They have stretched
their credit to the utmost, they can only
raise products. And the first sums raised
by the sale Of their products are not avail
able for the purchase of manufactured
goods. The first charges that must be
made against the proceeds of "a sale are
the costs Of marketings, railroad freights,
hauling, storage, commissions. Then must
the farmer provide for the payment of
taxes, and interest on mortgages, II any,
under pain Of the loss Of his farm. Then
must he set aside the immediate costs of
production, the wages OF farm hands, the
cost of necessary repairs to farm tools,
the cost of threshing the grain, in short,
all the costs entailed by production, which
the farmer cannot escape by doing the
required labor with his own hands.
'tAnd these first charges which the
farmer must meet, do not fall with the
prices received for his products, and so
he finds that just as the prices fall he has
not only actully less money, but. that of
the smaller total shin realized he has. pro-
portionally less which he can put aside
for his own uses Indeed, the proportion
available for his own uses has Of late
years, and in many instances, been wiped
out altogether. ~ ...s
ut is then clear enough that If the
farmer is to increase his, purchase Of, man
ufactured goods (and this can alone bring
prosperity to our manufacturers), he must
get better prices for his. products. And
better prices are Just what Mr.. Nick inley's
election will not bring. On the contrary,
his election and the promised adherence
to the gold standard is an assurance that
prices will so lower AS we put silver
aside permanently. as a basis for. our
money the demand for gold will be in
creased. Consequently gold will rise and
silver fall eAndf as gold becomes $dearer
because of it's relatively growing scarcity
as compared to the growing demand
thrown upon 1t, all prices must fall. More
over, the divergence in the value Of gold
and silver, made even more marked than
now by the increasing value OF gold and
I decreasing value of silver, will result in
raising the bounty on exports from silver
using to gold-using countries, and. q ne
cessity, stimulating such. export Thus
the severity Of competition which our
farmers have to meet in the European
markets viii become even more pro
nounced than now, and prices OF our
agricultural products ]. forced Still lower,
which must, Of necessity, lessen the .ahil-
ity OF our farmers to purchase manu-
featured goods. Y NJ 3. si5t.
h '.The prospect before our naanufartur-
ers now charging production md which
failure to see must lead ITO their Great
4 loss. It not .absol,l tie ruin, rs ina stC
dispose of the goods they are; now pre-
pairing to produce with Increased sActf witty
I Tfe goods they are producing win remain
either unsold on their handa O. ia the
i hands of merchants and retailers who
also anticipating revival have Increased
their orders for n1anufacttre goods hut
wllo,5 &c unable to- sell the goods ofdsred,
B viii be unable IL pay 81 And tlIabie to