The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-08-16

to state that there hss been vastly more
| silver coined since 1873 that Is fuI Legal
tender than there was before that cate
They neglect 10 state that the minis We're
| c-oSd in 1853 to the free coinage OF ali 81
Yer collsss except the silver dollar, AID
| that from the organization of the mint In
| ll2 20 1873 there were only a tribe over
eight million silver dollars coined.
Is 1t = fact that the fall OF prices IN re-
cent years is due 10 the diScontinuance OF
the free coinage OF the silver dollar? In
! the first place il is well TO observe that
| the price OF all articles have not fallen
and also that the fall in those articles that
are less in price has been unequal and at
! no time was in accord with the fan OF
| silver 1t is also well TO observe that
| the fall of prices began in lSsS and not IN
| 1873. 1t Is also a fact that there was
| a much greater fan in prices from 1873 10
| 1919 than there has been since 1865. II
| = aaSo q Tact that there Was q continued
| rise IN wages from 1870 to 1881. What
| caused the fall which began IN 1865 instead
| or 1873? Can IL be attributed 20 the dis
| continuance of the free coinage OF the
| silver dollar? Corn may sell at 10 cents
| & bushel IN 1885 and as we have not free
| coinage OF silver the advocates OF that
! doctrine will at once say that Il is on
| account OF the crime OF 1915. But corn
! was % cents a buShel IN 1881 and 10 cents
| a bUshei in 1884, and hogs We're higher two
/ years ago thar they have been since the
| ar, ard all these occurrences have taken
! place since 1873. The years of the greatest
! prosperity in this country since the organ
4 ization or the government were from 1850
/ 10 1890 None other compare with chem
| IN the history of the world for progress
and advancement and the accumulation Of
wealth. We did not have the free coinage
! of silver during these years. but We had
1 protective tariff. So II Is impoSslb BILE
! 10 attribute the fall In prices to any legis-
/ lation that may have occurred Ia 1873
Dabor-Savtng machines that enabled one
| man TO do what II required fifty men 10
! do years ago, have had much TO do with
/ the fall OF prices since 1850. Changes
have taken place that have affected the
and electric motor have ruined the prices
/ OF horses and mules These machines
/ have also decreased the prices of hay
I corn and oats. You can legislate and leg
| cycle or make an electric motor eat oats
7 or corn. While the use o. machinery has
/ decreased the price Of production. II has
/ also increased the supply, and prices. or
necessity. have fallen. The opening up Of
new wheat fields everywhere. India, South
America. Russia, ard the use of labor
saving machinery in the cutting and
threshins of wheat has increased the
supply and decreased the cost of produc
ton This country can iez.slate and
legislate, but 1t cannot put the price OF
wheat back to where IL was before the
invention OF the drill, the seif-binder and
the modern threshing machine II You
would arrest the fall in price declare
against the discovery of new inventions
chinery. In proof of the proposition that
labor-ssving machinery has been one OF
the great forces in the fall OF prices. 1
wash to call your attention to the follow
ing statement from "a speech Mr. Bryan
OF Nebraska delivered in congress:
Until you explain what Il Is that re-
duces the price of steel rails and other
manufactured products. not here alone,
tribute II TO a protective tariff; but you
must attribute il rather 20 tho inventive
genius that has multiplied thousand
times in many ITIStsnceSthe strength OF
single arm, and enabled US TO DO today.
with one man. what fifty men could not
do fifty years ago.
This ought to be conclusive PROOF OF the
proposition. especially IN this campaign.
DEPRECATED CURRENCY.
What will be the result OF free and in
dependent coinage Of silver AT Is TO -
Those who insist that it VIII raise the
price OF silver to par with gold are greatly
in the minority. II IL does. no one w.ll
be injured and no great beroft VIII arse
20 anyone except the owner OF the silver
bullion. That the price viii r.se 10 g
certain extent frankly admit but that Il
will be on a par with gold do not think
is possible. IL means deprecated cur
rency. II means the withdrawal Of 80
OC0.cD0 Of gold from circulation. u mans
our going 20 a o''---- f-e sic 81 - g. IF"r -
the measure rf tr.t
TIE ow~ -,ver uion car tsaf 49,
= ins OF si4t 20 the mint a~t have ~
cOtnei into a dollar IRE I. fts return
TO him by Tie govern
compel anyone 10 take q - payment % a
debt that may b. due. that - not hy the /
contract. 20 he paid en- gold. When he |
comes to exchange = for cornrnosiities TIE |
owner OF the commodities VIII ascertain I
how much his silver dollar has depreciat- /
81 in the markets. and correspoudngly IN /
crease the price for the article BE has 20 /
sell No one will Be benefited BY thfs. /
for II you obtain more FOR yOur wheat and 4
corn in a deorsriafed currency you VII /
have 20 pay more for what You purcnAsss-
AGE-EARNER WILL SUFFER-
Those that will suffer the most are the 4
wage-esrrsers. for 81 s. not probable that I
wages will b. incressesd 70 correspond with.
the depreciation IN thecurrency. This has
Tot been the Csc IN the past. az history /
clearly proves. How great the depfec n
ton VIII he cannot Be determines ~ adj
The dollar that viii b obtained IN the
cepreciatr1 currency VII 20 as Tar a.
~ cents does now. For while ne govern
rnent has th@ power % s7y tlat q oolia-
which IL stsnnp~ shail pay I0s cents or
debt. IL cannot determine ere pure has. q x
power % TIE dollar r. proof o. thts /
quote the following statement from a
speech 81 ~. F~ya an - congress
while the KrVe@urnenf car say that a
given weight q god or silver hsau con-
stltute = collar ar5 invest that dolia-
with legal tender qualities. if cannot TX
THE pure baslnE power OF the dollar"
ExPERIE SCE WITH CHEAP MONEY I
Ths generation has mad erper4sncs W.
= lepreclste1 cUrre1cy. Ext u5oa sgi-
diers know what g -, for they rerrss.-1
their 81 a month 81 q cErrsacy sh4t ~aE
really worf =. az ore tine orlg about a.
eeEts o. TIE dollar ard they lu fact re-
celvs1 s. roz, p. lEstssd % So The
Il 'J1s..ce q rs rs even beea re~oE-1 ixr.i
- TIE Fess.leB Parry. for 81 dernaEslssi
that the solder shoDld - paid fhe differ
erce between what tire no1sy sss - f@-t
= o~tr ard ~1st = parpo-res9 20 D.
A. q ca rsrne-n.z1r TIE sxsrezs.e1 J
VII p<y yOu - much fn gold" Bat - .
6lcated that tne1e Sas some othsr fg--
rercy ca Circulation - hat STE f1st 49,
: % 81 good - rohc-skz- Vas 6ef.-es--af"s-
? ino> - yDD Rave roi hssErd thlt e11rfs- !
sgr. Ter a.. the rne-eeF - f-irr1 anon 80
hec1 - god a. Koi8 Ire E~pstis ear
party - in fac ofF f. -eu-af1'-E -. a1--
mere f. 10 other parry askrF ~
s4Trzrss % ne reorie ~ fAls - ft'n
pes Pa-1F platform ~ slsrf % 80 80 :
rC~fanr r1sst~ct- - HFi 81 lrsos ~ farif .
az ssig- hut 80 fiE-r1crafl- co.'s e5i2f
.nok q 80 I've pcsif5o-l o. ~ a4et-1a- (
- Fs.-se-s-- fzGrr % Z. tf-isr-- se-sl .'@f-
-~rr~ serz-or FEEli s~ere<3 tse f1iie@.rE
! rr.<ssE ans9st 70 .he pssftc-Tz
..sSa- slsxors7T - re t-rsssff5.rnt - ?
-os-z - a stsEsr b~i1z 49, - f1e 49, :
.hsf ssrs cosnazc =--ll ~-Ts--t &c "a -
. r,s-stv 49,. rof ss1 sfsFsr - 80 g
40 - < - Z re s<cisrs - f-f-1Te - :
- 1910 80 - Fs-h crtn4zf s0atl
- - 1901 sasr4 -sarsy Nstas1 czae FFAr
T~5-- fsa - A. rect i-Ee a. - rs1@e5e .
= sssvs- SAL .Aeu - s,sss,ss. -.
--sse. a-ss-ss -1rzc Ess Fft'sr1 eg'f1 = - .
nat Il = a. sos their t~saHs - s.ss = -