The Irish standard., 1897-09-04
in speaking at his banquet last night,

"'All Europe was caught with the
smallest supplies ever known; while the
crop actually harvested the world over
is one of the smallest if not the smallest.
The visible and invisible all
over the world is down to the smallest
supply ever known
The morning dispatches from Wash
ington say that England will need lS0,-
100000 bushels, France 4S,O0O,OOO, Bel
gium, Holland and Germany IS 600, 900,
and, emitting further items, the rest of
the world enough to make total de-
mand of 412,OOO,OOO bushels. OF this
quantity the United States will be asked
to furnish at least 200,0000O0 bushels.
The outside estimate on our home prod
uct this year is 500 100000 bushels.
Our home demand is put at S75, ,OOO, 900
bushels. Thus, at the outside, we shall
not have over 125,00O,OO0 bushels to Offer
where at least 2O0,00O,0OO bushels will
be asked. Is it any wonder that the
price Of wheat goes up? On the con-
trary, by every legitimate consideration,
the American farmer should today be
receiving 81 bushe for his wheat.
LET not the American producer he
fooled into the support of a policy from
which he can hope to receive benefit
only at the price of famine to the pro-
ducers in other lands. Not long ago the
Columbus Dispatch, a regulation gold
standard organ, commenting on the
statement of Candidate Chapman to the
effect that the present high price Of
wheat here was an accident and due to
short crops elsewhere, expressed the
opinion that the people of America
would devoutly thank God for such ac-
cidents. This reads like passage from
McCleary's speech in congress, which
seems to demonstrate that wars and
pestilence are the only occasions Of high
prices and prosperity.
Republican readers will recall how In
1890, after the disastrous elections of
that year, generally charged to the
Mckinley BILL almost every prominent
Republican was afraid to say word for
the policy of his party; but that in the
midst of almost universal objurgation,
the voice of William Mckinley was
raised loud and strong in behalf of the
principles Of his bill, which he declared
time would triumphantly vindicate. 1t
is thus with the believers in bimetallism
today We are no more disturbed by
the famine price of wheat, by the arti-
fcially- y-limited-d -demanu price of silver,
nor by the wild prosperity talk OF the
gold standard press, two-thirds of which
is fictitious. unfortunately. than by a
summer zephyr. The principle is eter-
nally true that a constant regime of fall
ing prices means ruin to producers,
debtors and taxpayers; that constantly
increasing demand upon ultimate mon
ey, with relatively decreasing supply,
Will inevitably produce such a regime;
and that the progressive adoption of the
gold standard under the influence of the
creditors Of the world. from the time
when, in 1873, less than 10000 600 of
people were using gold exclusively.
down to 1897, when over 400 ,OOO, 900 are
upon that basis, and from then on to
that indefinite time when all the world
namely, about 100000, 900, shall have
huddled itself together upon that mar
row ground, means the social slavery of
the masses of mankind
mo, the silver question is not dead.
Those who understand its principles
have no occasion to trcmble for
their faith. Truth has no occa-
sion to be afraid Of facts. The
restoration of silver coinage Will
continue to be, as 1t was in the cam
naign of 1896, the central figure of a pro-
gram of safe and necessary reforms
that will be advocated by millions of
patriotic Americans until they are firm
| ly established in the policy of the coun-
| try.
81 notice In the Tribune a headline.
indicating Intense sympathy with Mex
leo, because, as it is stated, every gold
dollar of her debt represents $2.45 of her
silver. haven't time TO go at large into
| the interesting matter suggested by this.
| but l should like to have the producers
! OF this country consider what it means
| TO them to have Il gold dollar in which
! all our debts are payable stand for over
| 81 worth of the labor and commodities
| with which we get the gold to pay them,
| Mexico registers appreciation of gold in
silver; the United States cnnccals il in
! commodities; but il is there nevcrthe-
( les, and we register it daily in the added
number OF commodities which we have
| to give for gold. This VIC mus, continue
to do in the long run, no; withslanding
| temporary fluctuations Under any and
all standards these fluctuations will
come and go, but under an approaching
standard, which the gold standard is,
each rise Of average prices, though com
pared with the low level just before it,
it may seem considerable, will be lower
than the average OF preceding high
prices and each sag. when ii comes, will
be lower than the average depth therc-
| tofore attained. The wc-.I l:.ust either
go all to the gold standard, or it must