Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1896-07-24
soMg aorrom rAors.

tam thnl low pv,Irs hrva beeu caused
by imnrovcd progc,aes OF production,
aud that those Improved processes have
resulted in ovcrDrodu1tion.
TAc srgrmant OF inpvoVod msthods
and processes Is Gispo,ei OF by the
bold facts OF the situate Tho profits
of producers would not be reduced by
the fall In prices nni we should be en-.
joying period pf prosperity and busij
ness activity. As To overproduction
in wheut, tho figures issued by tho
Unitcd StntsS dApartmant of agrioul-'
tuve show that the nS,nber OK bushels
per cApita ot pooulltion proiucod in'
1880 wAs 80 Tho pr,oe wns then e5
ccn,a "a bushel, ln 1857 the numbeY Of
hu'le,e per opWto az population wns
., bnt the psice f,ll 20 ~ cents In
la9) the number ot bushn.a pur cnpita
of poin'n'ion was 50, and the price
fell to ~. g cents. -
IL will hn said, of ooursc, hy the
a,ycn,s Of. the money power that in tho
ease Of whcat, lowor prices have beeu
cnuscd by competition from India and
Aiacntina but thore would never
have boen any competition from thesS
countries but for tho bonus on their
wheat offered by the gold premium.
They have boon nhlc 10 undersell us In
gold priocs hut thcy continue to re-
cclvo dollar n bushol tgr tnclr wheat
in sllvcr. e.
But thero IL no competition in tho
production o. oovn. The uaited states
Is the only prcct corn producing nation
ON the earth, aud yet tac price has fult-
cn from 80 conts "A hnihcl to - centa
In the cnso OF cotton, tho fnots ara
even mora noteworthy. From 1885 To
lsS0, inclusive, cotton production in
crcnsed gradually and tho price re-
mnined stit!dusry ut about q. oents n
pound. Production increased in 1890
aud 1891, and the price Increased ulso.
In iso2 and ls0a theSc VIVA sudden
decrease IN production, but tho Y~ico
declined also the ANAL crop OF 1893
scllsny Tor 30 psr cont less than thu
largo crop produced In 1891. In 1884,
with crop no larger Than for 1890
mud 1891, cotton sold for 80 cents a
pound, though In lsoO.oi it sold for 10
cents II pound.
Now mere nrc throc great commodE
ties In the production OF which nenrly
hali of &pppuln''on ia directly oon-.
ccruod, d'Ssln which niI tho poople ara
directly Interested. They are tho COM
mo,htic' Sn wttcf-t%, whole country
dopendR go pty 4. foreign Ia6ts-apd
The Interest thereon. Ihry are the
| commodities or which inuro than hulf'
| thr p1pul,Iion ipprnds Tor money With
wh1uh to pny h'ir 1eOte and iaSaa.
and un which thc lraipcas Ia toreats of
the whole wet mud SOUTH Aefseud for
money vi.A whi.h ~ honp the ,shonis
oi ir~la nnd hinu-i in motipn.
But tne,e ulc only throa commoii.
tirs AS st.cr az fact avery prod-
net of human !auor has boon strnc, "a
dondly blow hy ihr incr,.,sud and In.
ercnein value of go.d. Tho report ol
| lraistroets oomu"rclrl i.roacy for
Last wocl' gr!n.iy reuiurHs: "prcoa of
commodities Are on the whole lower
thnn cvcr Nefure. having declined two
per cent bipcr April nnd " por cont.
since July. l3ll" Hradstrcecs elatis.
t,cia0 iDuSnt w,ll hnve alIed to this
m'l! and commemorative rr0art the sti,te'
ueut tgnt price, have nllIon moro than
10 par cent ,ineo 1919
Gow, ms tt + nu9y for unr rcorrospoud-
| ont io show thrf th" prices Of all com
notifies hoYc bu"l cpntrollcl oy Goine
! influence irrosparDye o. The opcrntiona
OF tie lu~ oi -upalv onN demand, H. be-.
comes '.u nuAy lGgtfer lp trg1s The dia-
turb.nn, to it. fou,.,.t. hs,d Until
| l573 nri,es of an co.pino,iif;,s ,yere
r,..in,s nnl hpd boon ,i,;,e ,An.. 1854
sinee le7;thsv have l.,u fll,iny more
rnp;Ily Ihnn thev ry,c. In la7a silver
was dcmourNa'l, nod since that time
the fall in All pr.oss and ynmos has
been constant. IL hns lcen ,narltod bv
two plnics, and The tn,series of man
i isicd have re.n ns rnpiIiy mul,iplied
as satan ,,;:n.olf could dnairo. Every.
thing In, fallen OK ont ,,old. and tina,
It's worshipors ney. nns ro,nn,ncd stondv
md sl..lIc; s,d tuoy make this asscr.
tion In the f,,,, nf lh. ,n,t that tho
dennpi Tor FoM no iureaoiory that
The pappic oi H. Unital States hove
been compali,a 20 20 500 lebt 10 the
cxtobt OF more ti.an 20l. nQa, U03 to buy
iho m.tal, a5d now hav. only of gold
/ 4. f. T.. a.