Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1897-09-15
wAeA1.s VALUABLE LESSON.
Democratic rrccept- Are Proven Fsi,


The silver leaders are utterly unabl,
to explain the rise in the price OF wheat
aud at the same time maintain their ar.
gument of last wear. The ablest of
them, including MIR. Jones. of Nevada
and Mr. Teller. have Ventured upon tn,
task. but all have failed. All are forced
tC confess that the natural law of sup.
ply and demand does apply in the pres
cnt price OF wheat. hut such comics.
son could not have been wrung from
them a year ago. Then they were con
tending. almost ticrcely. that wheat was
low solely because money was scarce
Increase the volume of money. they in.
sisted. and wheat would go up. But il
would not and could not go up without
such an Increase. Wheat is now near
irg the dollar mark, and may even go
higher. and yet there is no more money
i'm the country than there was last year.
And free silver meanwhile has not only
been dccrccd. but the policy stands re-
iected at the polls.
Now,that the problem has been solved
and 10y process which all may so easily
comprehend. it seems strange that so
many people last year should have be-
AltNtA 81 lAhIANAAAN III MI IIN an : NNU'
tcntions about money and prices. The
Nebraska leader and his lieutennnts
would allow nothing whatever TO the
law of supply and demand. Silver had
been struck down. By that act half OF
the money Of redemption of the word
lad been destroyed, and hence low
prices followed for everything. They
picked out wheat for illustration. and
now wheat. obcying the spurncd law OF
supply and demand, goes to the dollar
mark. Short crops abroad, which ere
ate IA demand for the American wheat
supply, knock the spots out of the illus
tration. and force n confession from the
silver leaders which completely dis
joints all OF the huc-Spun theories upon
which they tried to put MIR. Bryan into
the white house
There is instruction i'm this for one
side as well as for the other Neither
side can afford To forget or to deny the
fact that supply and demand does APP
ply in the matter of prices. The en-
nctmcnt of the Dingley law was n wise
act because the government needed n
sufficient revenue for its support aud
experience has taught the effectiveness
of protective tariff in building up the
industries of the country. business is
greatly improved, and prosperity is re-
turning because OF the necessity OF such
law and the sense OF security grow
ing out OF IT, But il cannot. of course,
Ice contcnded that the passage of the
Dinglcy law, or the rejection OF free sill
yer last November. has advanced the
price of wheat, or may bc expected to
keep wheat at all times at high fig.
ure. That is something regulated by
higher law than any Of congress.
With the food supply Of Europe cut
short 10y the partial failure of the for
cign crops, the value of the abundant
crops of this country is necessarily en-
HANGED. and prices rise But IL. next
year, the granaries everywhere are full
10 bursting. the prices OF food crops will
necessarily he lower than in n year OF
partial failure of those crops And this
without regard TO the amount OF money
with the stamp Of government upon 10
i'm existence here or Wash
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