Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1897-09-02
SILVER AND WHEAT.
How Prices Are Manipulated by
Biased Legislation.

| How Prices Are Manipulated by
Biased Legislation.
The republican papers break out
about every so often with comparisons
on the price of wheat and silver; that
silver is going down while wheat is go-
| ing up, etc. The friends of silver are
| willing to concede that the price of, or
the apparent value of silver, has been
very much interfered with by discrimi-
nation against it by the laws of the
United States, and by its abuse by the
| financial heads of the government
which have succeeded one another,
and are all hostile to the use of silver.
The fact that wheat goes up when
there is a scarcity of wheat in the mar
ket proves the theories of silver men
who claim that money goes up in value
the less there is of 1t, and that nom
| friendly legislation against silver will
affect the price of it and apparently
the value of it, the same as IL would
any other article or commodity, Now,
| TO assume in the case of wheat, If
there is large crop of wheat in the
| United States, and the government
should call congress together and pass
a law that hereafter wheat should not
be a legal tender in any of the con-
tracts where wheat has heretofore been
mentioned as the basis of the contract,
and should refuse to inspect wheat or
mark the amount or quantity upon
the same, and would provide that
wherever person had made contract
calling for wheat that they could call
for gold instead, which is practically
what they did with silver in 1873, would
it not make a difference in the price
of wheat? Suppose they go farther,
and provide that in case anybody
should take a bushel of wheat and
mark it zone bushel," that they should
be put in the penitentiary for ten years,
making it even dangerous TO handle
wheat in bushel quantities marked
zone bushel," would not that affect the
value of it? If a person would take
one dollars worth of silver at the pres
emit time and mark it one dollar, he
would Immediately be arrested for
counterfeiting. The wheat question
then proves the truthfulness of the
silver theory. Silver men admit that
the discrimination against silver has
affected the price of silver just the
SdtuG DIS lie dKdAnSb
wheat would affect the price of wheat.
If the government of the United States
should meet in Washington tomorrow
and pass laws or repeal laws exactly
the same as, those they have passed or
repealed in regard to silver, naming
wheat in the laws passed instead Of
silver, the price of wheat would be af-
fected just as the price of silver has
been affected.--Illinois State Register.
The tariff "for revenue" does not
seem to be filing requirements. The
receipts from customs under the new
law continue small, averaging about
5000 900 day. while it will take an av-
erage of 100000 day to wipe out the
deficit. The whole of the government
revenue collected foS this month
amounts to about $4,000, 900. while the
expenditures are over SIS. 100000. Pros
perity cannot stand such inequality be-
tween expenditure and income very
long.-Indianapolis News.
The prediction of Senator Al
drich that the new tariff would fall
some $40.o0o.000 per annum short of
meeting the expenses of the government
isin fair way Of being borne out. What
is not denied in any quarter is that the
deficiency will be heavy. AS result
of this the country appears destined to
have its trade again seriously disturbed
by another tariff discussion in the early
future.-Brooklyn Citizen.
1t viii be considered good politics
from henceforth for republican news
papers and stump speakers to clnim
for their party all the credit for such re-
-yiral of business as may follow the
period of depression. Good weather,
big crops at home and bad crops abroad
will all be explained as due to the Ding
ley tariff or will be ignored altogether
Manchester IN. H. Union.