The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-09-10

WHLELlN0 ]
hnbl,lng II 20 be, or that Is not entirely
free from financial disturbances
There is not u gold standard country In
the world to-lny Tint Is not suffering
from financial distress.
There Ia not n silver standard country
~ tho world to-day that hnE not u sum-
cheney OF money In circulation with which
TO conduct Its business.
There Is not II silver standard country
III the world to-day where the working
man In proportion TO his Intelligence and
ability Ia not better on than In any gold
country on the face OF the globe.
II Is unnecessary 70 comment on
these reckless statements In the absence
OF amy attempt on the part of the Reg
lister to back them up with proof. We
place them against the iive propositions
OF Secretary Carlisle ~ that our read
crs may the more readily note their
weakness. They arc weak because they
cvadc Mr.. CnrlIslc's points and make
actual misstntemcntS, ana consequent
~ 10 not call for comment,
The only question which the IntcllI-
Scncor asked the Register which Il does
not evads. and which II makes sbmc-
thing like direct reply to Is tho fol-
lowing: "Why Is II TINT the most pros
porous years In the history orthe coun-
try have been since the so-callcd\dcmon-
citation OF silvcr?" This question the
Register answers by denying the fact.
Our contemporary knows that IN dis
putting the lntelligcnccr's statement It
denies the truth OF history. aud what
every man OF average information
knows to be true.
The Register says that the farmers
are the only real producers OF wealth,
and that their products have been stead.
lily falling since 1879, From statement
OF the amount OF leading agricultural
products, which we find In the census of
1870, before the "crime" OF 70. we learn
TINT the wheat crop In 1869 was 100000
900 bushels, The price OF wheat per
buahcl In the trans-M Mississippi! region
was 5? cents: Kansas 70 cents: Ncbrus-
ka 81 cents: Minnesota 90 cents; Illinois.
Indiana, Michigan and Ohio 20 cents;
east OF the Ohio river II was from 81 IS
to 81 81 per bushcl In the rrGIon which
now by its output affects the market
the people did not see dollar wheat.
Comparing 1t with the gold value now 1t
averaged 10 IL IS cents.
Through the list OF all other nEricu,-
tural products with very few exceptions
the showing Is similar. But the staple
which shows moro concluslvely than
anything else the comparative prospcrI-
ty before and after the "dcmonctiza-
ton" Of silver Is that of labor. Accord
Ing to the census reports OF 1870 and 1890.
not sold bug campaign documents"
the cost OF living for labor was reduced
between thuse years and the average
annual wages were increased. Here are
the two statements:
Number OF cstab-
llshments .......... 2I2,IS 3ij. as
Number OF employees a,G3,NS i,T?. ca
WnSes id.........SH5, 5Si.3l3 S2,ee5J. :l6; so
Av. annual wages. SN2 SI
IL Is unnecessary mere 10 70 INTO tile
statistics OF 1892, with which all are
familiar. showing that in that year the
volume OF business In this country was
unprecedented and It IL by common con-
sent referred to always as the most
prosperous year In the history OF the
United States. Employment for labor
was more general, the mills and facto-
rieS were all running. there was n ready
market for the farmers and everyone
was In the midst OF unsurpassed plenty.
In the very midst OF It all came the
election OF that year. and with the an
nounccment OF the result began the era
of depression and uncertainty culmin-
ating In the panic OF 1893. Al that time
the Register claimed thar the panic was
due to the enforced purchase by the
treasury OF 100000 ounces OF silver
per month. and along with all other
sound money people demanded the re-
peal Of the Sherman law.
II too much silver. In the Registers
opinion OF 1898, caused disastrous pan
ic. perhaps that paper will inform US
how It would Improve matters by open
ing up the minis to free and unlimited
coinage at the present time?