The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-03-09
FINANCES, PRICES AND WAGES
Uncle Sans Foreign Representatives In
vestigate the standard"

Washington, Morch S.-The state de-
sive work initiated by Secretary Olney,
of collecting and publishing in book
form a complete set of reports by Unit
ed States ambassadors, ministers and
consular officers abroad, exhibiting in
concise form the financial systems Of all
OF the countries Of the civilized world,
with full explanatory notes by the Of
ficials, of the effects of the different
kinds Of money used as standards of
value upon the agricultural and indus
trial population of the respective ma
tons. One volume Of this work already
has been published and the second vol
ume is Just coming from the hands of
the printer, completing the work. The
reports nave been carefully digested by
Frederick Emory, chief of the bureau of
statistics of the state department, which
is hereafter to be known as the bureau
of foreign commerce"
Nineteen nations are treated in this last
volume and from summary of the con-
Gitions in these countries prepared by
Mr.. Emory the following facts are ex-
tracted:
Argentine republic uses inconvertible
paper as standard OF value, though
the minis are open to gold. In the past
ten years prices have advanced as meas
ured In this standard, and wages as
we'll.
The British Australian colonies with
the gold standard show a mixed result.
Prices of agricultural products advanc-
ed in the decade in New Zealand while
they declined in Victoria; wages declin-
ed in the first case and remained sta
tionary and high in the latter.
In Bolivia, where is single silver
standard. there was no data on the ef-
feet of wages, but it appeared that food
supplies, except for imported articles,
were cheap, while clothing, house rents,
drugs and hardware were high.
From Brazil, with a nominal gold
standard but no actual coinage, data is
wanting.
Cape Colony has the single gold STAN
dard, though without mintage. There
the wages have increased Is per cent in
The decade and there has been an in
crease in the cost Of living, with heavy
fluctuations in the export commodities.
In China, without and legal standard,
silver, weighed for large transactions,
and copper for small sales are used in
business. There has been an increase in
the silver price of imports; no difference
in the price of Chinese products, and
wages show no change. though new ave-
nues oremploymenthave been opened UP
in manufacturing.
Denmark. with the single gold stand
ward. shows an increase of 10 per cent
in wages since 1884.
India. with a silver standard, though
with minis closed except to tn govern
ment, shows an increase in the prices of
some articles and a decline in others;
wages show the same variation. The in
crease in the prices of some articles
and a decline in others; wages show the
same variation. The increase in prices
is in the raw exports, and in imports.
except tea, and the decrease in tea and
sugar.
Japan. with a silver standard. shows a
general advance in prices and in wages
as we'll. There was decline in prices
between 1884 and 1857 attributed TO the
eurtailment OF paper money, and a gen.
eral advance from the latter date up TO
1895. The increase is said to be due to
a scarcity in the crop.
Persia has silver standard and IN
that country wages and prices both adj |
vanced in the past ten years. The cur |
rency in. however, greatly deprecated |
ard the country is much poorer than il |
was twenty-three years ago.
Peru uses a silver only and prices in |
creased. as measured in that standard. |
while Partugal. with a gold standard, |
showed % per cent increase IN prices. |
attributed 70 the fact that the actual |
money in use is paper.
Salvador IS now using silver. but steps |
have been taken - substitute gold |
prices were advanced in
marked degree. owing. il IS said. 10 de-
y.reczated cuUTsny. Tie only labor in /
Salvador is employed on farms. and /
wages in that case were advanced slight
y.
Gold is the standard in Sierra Leone
and prices generally declined owing. IL
is said. 20 overtrading and the falling of
in exports 10 Europe.
In the South African Republics with
a sold standard. high prices obtained
for domestic products. articles are said
to be reasonable and wages are high
in the skilled trades. mining and build
ing.
Spain uses double standard. goii and
silver: prices have generally advanced.
nd only EXPORT labor had advanced ts