The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-10-19
FACTS IN THE CASE.

Louisville Ccure--Journai Der.l
Prosperity has never followed the gcs5
standard. w. J. Byyan's speech q, Cow
IngEon. KY. October
What ara The factSs
The total wealth OF the United States
was Saa.sS.sIs,saT ia 1870. II was So est
ee,.aG in 1889. An Increase % over 10 per
cent under the gold standard
Tne wealth per capita Of the United
States was $50 In 1870. Il was 81. GsS IN Isas-
An increase o. = per cent under the gold
standard
Our foreign trade increased from 1878
70 lsrs ~ Ee- cent unier The gold stand
ART In the sarae time the trade Of Gres,
Britain increased only - per cent.
The coal production - the Ja3se4 States
increased from g Ssh tons in 1850 10
I4s.ssz. - tons L lSs9. an increase OF III
Per cent under the ten years OF god
standard
The iron production Of the United States
increased from 2.7fI.s53 tons in 1873 10
s,ae,ses IONS n $50. an increase OF IS per
cent under eleven years OF god standard.
The savings bank deposits OF IRE United
States Increased from s5is SASS IN iSso.
10 s.slo.5Ss.o e3 IN 1855, an increase az
ABOUT 20 Per cent under the gold stand
ard.
The number or deposs.ors in the savings
banks Of the United States increased from
l.sss-s4s IN 1870. TO ASSESS in lsS5. and their
savings per capita increased in the same
time from sli.es TO sosN
The public debt OF the United States was
sl,9--sA.,sSa IN $3.50. or SsS.3 per capita:
in 1880 IL was only $9-5. as2.112, or 3la. s. per
cspfta-a reduction OF more than 50 per
cent in the total and OF 81 per cent. IN
Per capita q ildebtedness-under the gold
standard.
Tho state debts OF the United States
amounted to s.s, SO GA. or So, - Per cap
ia. in 1850: In 1890 saey amounted TO $i:H.-
SseSs. or only tS.5 Per capita
TIE net Federal. state and county IN
de5sedness in the United States was s., 3Ss.
@ts 0ci IN $50. or $3.50 per capita; In 1850
il vas s., Isl co $40 or So 10 per capi,A-A
reduction OF 50 per cent.
Farm property. including lands. fences
and buildings, was valued al $. 81, 900, 600
in $50 and had increased TO 81. Z7e. 0o. COO
in 1890
Farmers owned 1886, 900 900 worth Of I'M
provements and machinery In 1870, and
s+s4. oo0, 0o0 worth in 1870.
Farm live stock amounted to H.5a5. ooo.-
ooo in 1870. and TO s., eos. oo0. 900 in 1880.
Acreage Of farm lands IN 1870 Was 4os.-
7s5. on; IN 1880, 623. 2ls. sls-an increase OF
over 30 per cent.
Building and loan association deposits
were OF little consequence In 1875; IN 1889
they reached a total OF $500, ooo. 900. and in
1895 amounted to $750. o00. eoo-an under tho
gold standard.
The exports from the United States have
increased l34 per cent. since lss2--under
the gold standard.
Farm products-grain. cotton, tobacco.
meat. live stock, cattle. sheep and hogs
were exported in 1872 TO the amount OF
1858 900 s37: In 1897. $751; 4So. SAB worth OF these
articles went abroad.
Freight rates on wheat from Chicago TO
New York have been reduced from 1919
cents per bushel by lake and canal in 1873
TO Al cents in 1886: from $50 cents, all
rail, In 1873, to 1s17 cents. all rail-, in 1895.
Average wages IN manufacturing indus
tries increased from sS3 In 1870 to $4sA
IN 1890, or 50 per cent. fSee census reports)
The purchasing power OF wages at the
same time increased from Hal in 1870 to
1T2.1 in 1880, taking 1860 as q basis OF COM
parison at 100.
A one-horse pillow that cost GA bushels
OF wheat, or 19.1 bushels OF corn. or q
bushels OF oats in 1878. could be bought IN
1889 for IS bushels OF wheat, SIS bushels
OF corn or Ills bushels OF oats.
A binder that cost the farmer hi bush
els OF wheat in 1878, could be bought for
lS4.9 bushels IN fSS9.
A one-horse cultivator that cost SIS BUSH
els OF wheat In 1873. could De bought for
~ bushels IN 1889.
A two-horse p,ow that cost 17.S bushels
OF wheat or So bushels Of corn I'm 1873,
could be bought in 1889 for 1877 bushels OF
wheat or sis bushels OF corn
The volume of money in circulation IN
1s72 vas SIS 800. $40 or $1S1s per capita.
including deprecated paper: in 1896, June
81. 1t was 81. 5os ssl. oe6. or s2l.1o per capita
Counting the money IN the treasury there
was In the United States in 1872 $3.50 rer
capita, which in 1895 had increased to s3a SIS
per capita
Money has Increased In supply so much
more rapidly than the demand that inter-
est rates have declined IS per cent. since
1873
No other nation on earth can match this
story OF progress.