The Emmett index. [volume] (Emmett, Idaho) 1893-1925, 1897-02-20

the butcher why the price OF beef has
advanced, and the proprietor replies
that the demand has grown greater
than the supply. The customer is now
asking the price OF n dressed mutton
that hangs by the side Of the beef, ard
Is satisfied with the price. The pro
prietor is now taking down the mutton,
rs the customer has purchased It in the
place OF the beef. What we learn by
this IN that beef cannot 60 so high as to
threaten the health OF the nation So
long as mutton and pork are IN compc-
tition with II. as meat. If the price OF
beef goes up. the people buy pork and
mutton" He took the glasses from his
eyes and continued while the others kept
looking as the picture still further
changed: the customer had walked
away. while delivery wagon drove
up and the mutton was being put In the
wagon.
Nor could gold" said John. "go up so
high as to take twice az much OF our
other property to buy a dollar OF II. or
It's equivalent. as It formerly did II sill
yer were In competition with II as
money. And continuing.
II the mlnts were open TO coin all OF
both metals on equal terms. the people
would exchange their property for sii-
yer money or It's equivalent. just ms
readily ms they would for gold, or It's
equivalent. aud the demand would be
taken on gold and II would come down.
When the people refused TO use gold by
using silver there would be less de-
mand for gold and It would fan In
value while the demand. being in
creased for silver, II would rise In
value"
The others had now removed their
glasses and were listening to what he
was saying. the ladies' giving express
sions OF approval.
lie requested them TO again apply tho
novel means OF observation, aud again
he pressed the button. A pause fol-
lowed and then the silence was broken
by Mrs Henry Wallace Jr. who eI-
claimed
"Oh. Mr.. Adams silks and laces and
bolts OF goods are prettier to look at
than butcher shops. We are apt to be
more Interested in this lesson than in
the last"
What they were looking AT was the In
terror Of an elegant retail dry goods
store whore ladies' we're shopping, and
what they were examining were silks.
iaceu and dress goods Had one stood
at the entrance looking In upon one OF |
tho most fashionable retail dry goods
stores on State street Ia Chicago, the
sight could not have been more real
han what was seen by this family
roup looking through the electro
lassos.
Keep your eyes" said John. "sfead-
Y on what you shall see rs | speak.
Oh are looking at one OF the depart ,
ents In a large department store. Ii ,
n stock company and also the owners
three large manufactures and also
al mines near the town In which the ,
ore is situated They have been for {
AIRS in the habit OF issuing certificates 4
,od at their store, and these certih-
s,es were printed ON parchment pa
'er. WIN green and purple Ink used In
printing them. making them very at
tractive IN appearance. The people
generally have become accustomed TO |
trading In these certificates, and IN
sense they have been used M suosu-
tutc for money In that locality. You
observe that the store IA now more MI
ed with people and that many are
crowdlng through the door. Aud now |
pause a moment for you to watch the
scene"
All were looking intently.
"Oh. my goodness said Johns moth
| f..f Ion IL IL
worse"
"Oh. they are breaking glass and
coming through the windows. oh! orr
exclaimed the elder Mrs. Wallace, as
she half screamed leaning back In her
chair and dropping her glasses Next
police appeared on the scene. and order
was restored. followed by the people
being formed into lines coming out
each carrying something they had pur
chased or seized upon In the scramble.
And what Is this TO teach, Johnr
asked his father.
In addition to the facts | have stat
ed" the son began. I'll has develope,
that there have been more OF these Ger
tlhcates issued than there Is goods II
the store. and that the directors OF The
company have held meeting. frou
which Il has leaked out that the com
pany Is losing money and no more good
are to be- purchased; hence the run ol
the store. The difference between thes
certificates based on their representing
goods and our representative none.
representing gold. Is very little. In tn
case OF the store more merchandis
might bc purchased. aud maintain cOu
hdence In the certificates II the con
pany was able and the directors coul
agree that II was wise management I
keep up falling business. though so
vent at that time. Either step In IN
negative would cause a run. In IN
case OF the Government II has base
It's representative money. paper. silve
nickel and copper ON gold. and gol
! is not manufactured article, II is
precious and scarce metal All the gol
= In the world. rs YOU have heard char
ed and admitted. available for none.
. viii 20 In the cube OF - feet; will go
p the vaults OF Mr. Cages bank. :
:, with an over issue OF representati,
money. more gold must be in existen'
to back Il up and II becomes a luesti,
Of where Il Is TO come from. And whct
j., or Il be scarcity Of gold or dispu
In Congress. the Government board
= directors. as to whether IL is good bu'
ness management to go into debt al