People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1897-09-23
NIL are the only pills to take
I1O0Q s FlllS with Hoods Sarsaparilla.
Silver and Wheat.

Silver and Wheat.
There should be a kindergarten
established to overcome the infan.
tile ignorance Of writer's like the one
who wrOCe about "Silver and Wheat
10 the New York Tribune Of the 18th.
II ne knew better than To say that he
did, then he ought to be given the
advantages Of d reform school. He
thinks, or pretends to think, that the
"BryaniteS" contend that the price of
silver and wheat have always been
closely linked together" The con-
tentiOn Of the Bryanites, and also of
the leading writer's on political
economy the world over, is that the
appreciation Of gold, caused by the
decentralization Of silver, is repre-
sented by the decline during the last
twenty years 10 the general range OF
prices Of fOrty-fVe leading commodi-
ties, as given in the standard tables Of
the Lon on Economist and accepted as
correct by all intelligent monometal-
lists as well as bimetallSts. This fall
10 prices was nearly cOincident with
the fall In the price of silver, and
wheat as leading commodity, was
frequently used to illustrate tie fact.
1t never was COntended by anybody
that failure of the wheat crop would
not, for that year, result 10 a larger
price for the reduced amount OF wheat
that could be gathered. The rise in
price of wheat, caused by the failure
OF crops in all other great wheat pro-
ducing countries, has not caused a
rise in the other forty-fOur leading
commodities which furnish the basis
for the table above referred to. Silver
has taken sudden drop partly because
of It's decentralization in japan, partly
because the gold nations which used
it for subsidiary coinage have sus-
pended its purchase temporarily
which they will have to resume-but
mainly because Of the famine, plague
and insurrectiol 10 India which have
paralyzed that great wholesale
customer which has always been d
strong support Of the silver market.
II it will afford the writer 10 the
Tribune any satisfaction we will sug.
gest to him the following self-evldent
propositions;
l. If nobody buys silver, and no
government coins it, it will not be
worth anything at all.
2. II silver should be restored to
its full former rights at the mint, it
would again be worth its weight 10
coin at. the rate of 3lt grains iOf pure
silver to the dollar 1.-THE remaining Al
grains being alloy, and that would be
Sl.29 an ounce.
3. lfgOld were totally demonetized,
the four thousand millions OF gold coin
now in existence would make such a
glut in the bullion market that gold
would probably not sell for as much
as dollar pound.
4. II there should be a failure next
year Of the wheat crop 10 all countries,
including our own, wheat might 70 as
high as five dollars a bushel-or even
ten-if only enough could be raised to
feed the "sound money" meno OF wealth
and their wives and children.
D. Ii there should be an unusually
large crop Of wheat in all the wheat
growing countries next year 1t would
be so abundant thatlit might 20 down
to twenty-five cents a bushel. And
then, il 1.-THE leading nations" OF the
world would prohibit the grinding OF
wheat into flour, it would probably 20
down to ten cents a bushel. After
that the production would cease.
The Tribune writer will readily see
that silver might 90 back to sl.29 an
ounce, and wheat might go down 70
ten cents a bushel; and yet all this
does not in any manner controvert
the established fact that there has
been decline during the last twenty
years Of 40 per cent in the general
range Of prices of forty-fve leading
commodities, including wheat and
silver, and that it has been caused by
the decentralization Of silver.-Cincin'
natl EnOuirar