People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1897-09-16
ing the pulsations Of trade in all its
denartments

| lue FARMER aQC JDe MdnuIdCtuTer
would each receive higher price for
his product and would be able to pay
more to those employed in its prOduc.
tiOn. The laborers, on the other
hand, would at once realize the ad-
vantage enjoyed by the employer and
their own disadvantage and demand
an increase in wages. The labor or
ganizatiOns, aided by the increased de-
mand for labor, would obtain this in
crease and thus secure protection from
harm. The good effect Of a general
rise and a subsequent level of prices
would be widespread and permanent.
The owners Of money and the holders
Of fixed investments are the only ones
to whom rising prices bring a real in
jury, and this injury is partly rene
died by the greater security given to
Investments.
If it is said that rising prices do an
injustice to the owner Of money and
those enjoying fixed incomes, let it be
remembered that the restoration Of
bimetallism can only take away the
the advantage which the gold stand
ard gave. 1t is a choice between fall
ing prices indefinitely continued
and a return to the bimetallic level.
The gold standard gives a perpetual
advantage to the money owning class
and works a perpetual injustice to
the producers Of wealth, while BIZ
metallism gives a temporary advan.
tage to the producers of wealth at
the expense of the money owners, and
then establishes justice between all
classes by preserving stability in the
purchasing power of the dollar.
WHEAT PRICES SURE TO FALL.
Those who understand the cause of
the recent rise in wheat know that
the price will fall when foreign crops
again become normal; in fact, wheat
has already receded twice owing to
fear that the first reports Of foreign
crop failure were exaggerated. The
export price of wheat for the year
ending June 30, 1892, was Sl.O9; for
the year following it was eighty cents;
by the first of November, 1893, the
price had fallen below seventy cents.
What will be the eventual effect of
this temporary advance? That it
must be adverse to the Republican
party is certain. II any are foolish
enough to credit the rise to the new
tariff law, to the gold standard or to
restored confidence" the spell will be
brsken when wheat returns to the
level of the last few years. The dis
appointment will then be the more
intense because Of the temporary de-
luSiOn and the Republican papers
which are today calling attention to
the price Of wheat are simply laying
up for themselves additional trouble.
The advocates of bimetallism can
rejoice in the rise while it lasts and
when 1t is over they can contrast the
advantages of higher prices, due to
increased volume Of money, with
the short lived benefits of spasmOdic
rise, due to famine so distressing as
TO appeal to the sympathy and charity
Of the American people.
An official in the agricultural de-
partment has recently issued state
ment estimating that the farmers OF
the United States will receive for
their wheat crop this year several
hundred millions more than they re.
ceived for last years crop and points
out the stimulating effect Of this
amount Of money on other branches
Of industry, This is another confirm
alton Of the arguments made by the
bimetallists. A large part Of this
money comes from abroad. Wheat is
not only higher, but more of it is be-
ing exported. II we mad enough
money in this county, an increase in
the volume would be an injury.
PROBLEMS TO BE CONSIDERED.
II an increase in the volume OF
money secured by the expectation OF
higher wheat gives cause for rejoicing,
is it not evidence that we now have
insufficient quantity? II the farmers
are constantly reminded Of the large
increase in the value Of this years
crop, will they not be able to calcu-
late their loss the more easily when
wheat goes down? Is it not possible
that the pleasure experienced from
the rise in wheat will lead farmers to
desire an increase in the price Of
other farm products? When they
learn the advantages Of restored prices
will they not seek some more durable
means of sustaining prices than a
drought or famine?
The department official has alsC
contributed to our cause by emphasiz
ing the benefits received by other in
dustries from the farmers prosperity