El Paso daily herald. (El Paso, Tex.) 1881-1901, 1897-08-04
)UND ABOUT.
THE OHIO DEMOCRATIC PLATFORM

THE OHIO DEMOCRATIC PLATFORM.
Its Assertions and Arguments COnsid-
cred and Answered.
Par III.
eve declare that the act of 1873
n resulted in an appreciation of
gold and a corresponding fall in pric-
esq
Since it is shown from official sta
tistics that there has been no appre-
citation of gold but on the contrary a
vast increase in its production and
an increase in the other classes OF
money of the world, an incre ase much
more rapid than that of the population.
the cause of the fall in prices of com
modities must be looked for e elsewhere.
This fall in prices is due to the enorm-
Gus increase in production, and to the
reduced cost of producing aud trans
pot ng the products of the farm, fac
tory, forest and mine. Senator PETER,
in his report to the senate in 1894 on
the cause of the fell in agricultural |
prices, said: SIN Kansas it appears
from the report of the secretary of the
state board of agriculture that it costs |
80 cents to raise a bushel of wheat, |
n in Pennsylvania the average cost
OF prod a bushel OF wheat is about
but about 13 cents a bushel on the
| farm, IL cents more puts it aboard ship
and % cents additional lands it on the
wharves in Liverpool. This ffty-cent
wheat from India completes lin our best
market, Epgland) with wheat on
American farms at an average cost OF
60 cents per bushel. Wages of
India farm hands run from to 10 cents
of our money per day." The same
report shows that the cost Of produc-
ing wheat on the great farms of Cali
fornia and the Dakotas is
less than half the average
cost in the Central Miss
issippi valley, while similar conditions
which through the extremely low
ocean freights are also competitors
| with us in all the markets of the world.
The reduced cost of agricultural pro-
ducts, due to the combination of low
freig hts and the use of machinery finds
a parallel in the reduced cost of mau-
ufacturing in all lines through similar
causes, and also in the reduction in the
cost of mining and the production of
the precious me tails, which thus supply
the money of the world at greatly re-
duced cost of that prime measure of
value, labor.
1--WE declare that the act of 1873
IL has resulted in a heavy
increase in the burdens of taxati on
The inc ease in the burdens of fed
eral taxation are mainly due to the
increase in expenditures for pensions,
public buildings and river and harbor
Improvements, and any party which
would specifically declare against
continuation of these would quickly
eve declare that the act of 1873
has resulted in a heavy
increase in the burden of all debts. pub
lie aud private"
The census figures show that the in
crease in debts since 1873 has been, in
a very large share of the cases, for the
purchase OF homes or the improvement
of farms, and that the sections 10 which
this increase in mortgage indebtedness
has been greatest, have shown Is re-
suit the greatest activity and the great
| est increase in actual wealth and gen.
uine prosperity.
| I'VE declare that the act of 1873
IL resulted in the en-
| richment of the money lending classes
| at home and abroad"
| The money lending class can only
"grow rich" by the interest which it
receives for money loaned, and every
body knows that the rates of interest
| have greatly fallen since 1873 and that
the opportun.t y for enrichment by this
means must consequently have been
CORRESPONDENCE reduced. The usurious
1
| in many sections of the country prior
| 10 1873 are now absolutely prohibited
| by state legislation.
1--WE declare that the act of 1873
resulted in the pros
tration of industries and the impover-
| ishment of the people"
| Industry was not ''prOstrated" or the
people Impoverished" until the sue.
cess of the democratic party at the
polls in 1892, and It's free trade legisla
ton which followed paralyzed indus
try in the United States and trans
| formed it's communities of busy work
men into idlers, thus bringing 'pros-
| tration of industry ard impOverishment
of the people" Their. was never great
er prosperity in the United States or
any other country than that of the
years Immediately preceding the dem
ocratic success of 1892, and never great
er 'prostration of industry and impov-
| err; shment of the people, than that
| which followed that democratic sue
cess. 1t is because of the ''prOstratiOn
of industry and impOver shment of the
people" through the operations of the
democratic party that its leaders now
abandon their time-honored principles
and ask restoration to power on a cur
rency proposition which has been dis
carded by the most progressive nations
of the world and Is being rejected by
others as rapidly as possible.
EndeavOr Entertainment.
The Junior Christian EndeavOr So
ciety of the Presby terian church will
Give an IA m mapt at MrS