The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-10-28

COPE oyerted or denied, that any dollar
that tomorrow takes more toll, more
sweat, more LABOR or human effort TO
| get possession OF than il did yesterday,
is essentially. dishonest dollar, no mat
4 ter whether you call IL a good dollar or
not"
| insisted in those debates that the low
| prices OF products had no relation 10
| the money in circulation 1 called his
attention then 10 the fact that IN 1873
| the amount OF money per capita in the
| United States was slS5S; that in 1896
| /. was So. Sc, and that there lad been
| steady increase in the amount OF mon
ey in circulation between those dates.
| and yet that prices had fallen. I claim
ed that the dollar was not dishonest sim
ply because ii took three bushels o:
wheat to obtain IL, and / claim now,
| when one bushel of wheat will get the
same dollar. that it is honest Sill. l.
would be just as reasonable now 70
speak abou. the dishones: bushel OF
wheat as it would one year ago 10 speak
about the dishOnes, dollar. Our friends
now say that il is supply and demand
which regulates the price OF wheat, and
1t is gratifying to know that We have
made progress IN the last year, and have
converted the leader OF the silver forces
20 the position We held one year ago,
and that he then so fiercely criticized
and condemned. While our opponents
have satisfactorily explained to them
selves the advance in the price of wheat.
they have failed 10 give any reason for
the advance Of hogs, cattle, corn. oats,
-
farm. The famine in India cannot be
held responsible for the advance OF the
price of these articles. for many Of them
are not raised in India and are the ex-
elusive products OF the farms OF the
United States. Our opponents should
assume an appearance Of honesty. even
though they have IT not. Ii would be
much better to frankly admit that the
arguments which they advanced one
year ago, were not tenable, and have
been disapproved by the logic of events
since that time. and that the Republi-
can party was right ana the opposition
was wrong on the questions that were
discussed in that great campaign The
claim that for four hundred years. or
for any number of years. that wheat and
disproved by the facts One has had no
relation to the other, and the public at
tention has betn directed forcibly TO the
fact that they have Travelled in oppo-
site directions within the last few
months, when wheat has advanced to
a dollar. bushel and silver mas dropped |
to the lowest point in the history of civ |
ilization.
AMOUNT MONEY IN CIRCULATION. |
The amount of money in circulation |
should be sufficient 20 transact the busi-
ness Of the country. The Republican |
party Is in favor OF such a currency as |
will give the people this amount OF mon
ey. The amount in circulation never |
has determined the price OF products |
and never will II it die, by increasing |
the currency. the price OF all products |
would rise equally. and by decreasing il. |
thep rice would fall in the same equal |
manner. Instead of this being true. the I
prices Of products rise and fail without |
relation 10 each other conforming al /
ways to the great law of supply and de-
mand The trouble has been, within the /
last four years, that while We nave been
able 10 product the same amount of farm
products, as in former years, yet the de-
mand has greatly decreased. When the
OF wheat per capita is six
bushels in 1892, and three and one-nalf
bushels in 1894. it means that the price
of 5his product must fall. This has not
only been true Of wheat. but it has been
true of every other product Of the farm.
When men board al soup houses they /
do not indulge daily in the luxury Of
square meal. The consumption per cap
tia of all products in the last four years
mas been enormously decreased for the
reason that those VINO consumed the
products were out of employment and
they did not know often times from
what source the next meal was 10 De
obtained. The situation has entirely
The mills have opened up in
the east. The factories have once more
begun 70 run on full time. Labor is
again employed and We are entering up
on an era of general prosperity such as
has not been witnessed in this country
for some years. The people declared al
the last election in favor of protective
tariff, and the Dingley law has been
placed upon the statute books. They de-
clared in favor Of the maintenance Of
the gold standard. and we have it nov.
and have had II for many, many years
IL means that while the standard is gold,
the circulation may consist OF gold, sill
yer and paper, one dollar as good "a
any other dollar, and all as good "a
gold. The attempt 70 debase the cur
rency was a failure. and it never viii he
in s-tr q inf al |
OF the American people is against TIE
SOME THINGS WE KNOW NOW
THAT WE DID NOT KNOW THEN.
We know now the value 70 be placed
on Populist campaign promise. as well
az the value OF the average POpuliSt
member OF the legislature. No party
ever promised 50 much as this new one.
It promised 20 regulate and reOrganiZe
everything We believed that they
would revoluS6Cize everything II they
obtained poweS We thought they were
wrong in their theories. out honest. We
have revised our opinion. They bad
power in Kansas. as the result
Of the election in 1896 We know now
what a Populist administration Is. We
dlSt hlDN At6 Ia a Hs-AE- -f-ld- I
.u-e has done and failed % d.. We
know now that they are against cor
oo-ations. FOR they cave told us so il
several campaigns. They believe in an
lihiiiating corporations. but net in re
way and manner IN which We suppo>s5. /
T1ey Do no: propose 10 extern7.ns.e them
oy psssiagflaTs. S1t BY exactinz liberal
from them during ne ses-
sion OF The legis.st1te They want .
make il Improbable toc a corporation 4,