The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1897-10-08

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whether money congests IN money
centers, OF becomes distributed, ID
largely q question of prices. A given
sum is required annually from the
west and south 10 pay interest in-
debtedness to the east, insurance, ETC.,
as well as to pay for what the people
must have and DO not themselves pre-
duce. This outflow ie, In raRt az icasA
conetant. Tho now back depends lsTfe-
ly on prices. with wheat a = deflas,
corn 10 cent?, wool 30 cent? and cot
ton 10 cents, money would flow bach
fast enough. But w wheat 80 cents,
corn rs cents, wool l5 cents and cotton
cents the west and south can mover
get out Of debt.
But had silver not been demonetiEed
the whole coureo OF things would have
been different. BY the bimetallic scale
our total weafth would probably
stand at sroo, o,ooo, DOT, 900. instead Of
SOS ,ooo, ,ooo, 900. and the producing
classes would have Of this from eio,.
ooo.ooo,ooo to $4,000. $4,000 moro than
they now have. Such has been the
power of an appreciating money over
the distribution Of the earuings of
people.
sens TIlustrntisns Of This Law.
Tables in the statistical Abstract tof
1896, recently Issued from tho bureau
OF statisttcs, furnished some remark
able illustrations Of tf,c operations Of
this force. The asseesed Yalac Of all
tho property IN the United Btetfn fof
1895. az compared with that for 1880.
shows an increase of S1.t1B, ,o0o, 900.
OF this the gain IN Massachusetts,
alone was equal 10 the gain IN all the
states west OF the Missouri river, With
nearly two hundred times the arUa, SIX
times the population and Ahcee timcs
as much capital. The gain IN New
York was equal 10 the gain In al tho
states and territories west OF tho Mis-
sissippi, with 40 Nmes the area, fcue
times tho population. and three dmes
the capital These states nnd terri.
tories produce $50, 700, 900 buyhefs Of
wheat. 1,0oe. .0oo, 900 bushsls Of corn
and 20 times as many cattle. swaoe asd
sheep as New Yern. Comparing the
gain In the south with the gain in tho
single state Of Massachusetts, and We
nnd that the gain In this one New
England state was 100000. 900 moro
than In all the states south of the Po-
tomac and east OF the Mississippi, WITH
an area moro than 50 times that Of
Massachusetts. and with q populatio@
nearly eight times as rsas. WITH froH
two or three times the capitad. and
which. besides wheat, corn. soAaece
and other crops, produce annually
about 100000 bales OF cotton.
II we divide the states into larger
groups. we find that Now England. !
New York. PernsyivRnis and New Jef-
sey have gained moro BY oyos $780,
00o, 900 since 1890 than all the rest OF
the Union. Much OF this result 10 at
tributable to incomes, which have NOT
shared in tho general decline Of COM
modities or other property.
II a comparison bo made on the line |
OF accumulated wealth. the results arc
quite as astounding. The estimated
value OF all tho wealth OF the United
States Is $e5. 200. 100000. Tho income
from all this capital on the basis Of the
increase fom 1880 to 1890. which was
s21, 900. .ooo.o 900. would be $s.1ooo. 900. 900
Out OF this total capital
there was invested In man.
ufsotures IN 1900 ........ Sn,J00, ,OCNoCo
In railroads as capitalized
In 1S0S .................. pSoQy0oa, 900
This Is much more than thois
actual COST ana probably
moro than double what 10
wonld cost to buiia them
now,
Invested in baaking. ,.,,,,, loo, ,oopo
Total ........ 80. -. .siT. .0o0, o0o. .o0o
On this part OF the total wealth OF
$65, 900. 100000 the net income was
81. zoe, ,ooo. 900. leaving for all the rest.
tho net earnings of agricul-
ture. OF mines and forests. $So0. .0o0, 900
OF the entire net income the largest
per cent naturally went to the trusts
and monopolIes connected with manu-
the &s.Soo.ooe. 900 employed
In manufacturing and in the various
trusts earning about $1,lo0. .0oo. .ooc. or
over one-half OF the whole. Surely no
further proof Is needed OF the power
of an appreciatIng money. supported
by trusts and monopolies. TO transfer
and concentrate wealth. And the con-
Of wealth 10 not only large
" In few states. but In few hands "
.hese states
Turpiag Up Pay pirt.s
The investigations Into the TottsR.
mesa OF Republican offiniais ana tes
George B. Cox gang N Hamilton eoun.
" haa turned up more "pay DIRT thas
las been uneQrthed ut tha II KioCdyka