Daily capital journal. (Salem, Or.) 1896-1899, 1898-06-03
The Hottest Writer in the
Capital City.
ADVISES Gudson to Vote the Whole Ticket
From Flagg to Ackerman.

idea, in their bowling chorus that the
theory is exploded by the rise il
wheat. Not being able to meet the
real argument, they have resorted tC
their usual method, In such ca Sc:
made and provided, of first distortino
and then ridicullng 1t. Not one Re
publican 10. a hundred knows what
The silver men have really claimed for
the relations of wheat and silver, for
the simple reason that their "leaders'i
have set up gal bled and false yer
sion of the claim, and the smaller fry
have only TO repeat their lesson like a
lot of parrots. 1t requires no mental
effort whatever to be good Republi-
IAN. You have no use for a brain of
your own. 1t would only be draw
back to your usefulness, Your
ideas will be furnished to you free
gratis for nothing and all you have to
do is to repeat the song that is put
into your mouth.
Now no reputable silver man has
ever claimed that the price of wheat
and the price Of silver were indls-
solubly Tied together by the Almighty.
We have claimed, and we claim now,
that aside from the depressing effect
of the gold standard on the general
level of all prices, which is recognizen
by every eminent thinker on earth,
the depreciation of silver has had a
special influence on the price of
wheat, Here is what "Coin" Harvey
says about 1t, and he is the clearest
and most logical exponent of the silver
lunacy who has eyer written on the
subject:
1.-THE people of India have been ac-
customed to receive about 1925 per
bushel for their wheat. For this
quantity of silver per bushel the
farmers of India sell their wheat.
They express it in rupees, the
quantity-is about this
Sl.25. The people of England buy this
much silver from US for about 60
cents and ship it to India, where it is
coined into rupees, and with what
cost the Englishman 90 cents he buys
a bushel of Indian wheat. Hence,
we must sell our wheat at go cents
on a gold basis to compete with India
wheat at S1.25 In silver. If an ounce
Of our silver could be purchased for
25 cents, then an English broker could
take that ounce Of silver which
costs him 25 cents and with 1t buys
a bushel of wheat In India; so that
If we produce more wheat than we
consume (Which is the case) we would
have to sell 1t for 25 cents on a gold
standard to compete with India,
should silver continue to decli ne
that figure"
"That is the wheat and silver" ar
yument In a nutshell, and no goldbug
,Yer has the temerity to state it cor
ectly and then try to refute it. 1t
s true not only of India but of all
he great wheat producing countries
With which we have been competing. !
While our farmers haYe been con-
ending with constant fall in the
price of their main exportable product,
heir rivals have been receiving rs
ood price as eyer. Don't tell us
I the decreased purchasing power"
{ their money. That is myth; tn ere
'as no decrease In purchasing power.
rice did not rise in silye. standard
ountries; they fell In god standard
ountries instead. Their dollar or
upee would buy as much OF the
hlngs they wanted as ever; and not
My that, but, note the contrast
18th conditions here, the price of a
ushel OF wheat would go as far to-
ards paying the debt of the Indian
I South American farmer as ever it
ould. And that is the point of the Z
hole money controversy debtsl 1t is
le holders of our debts who wish !
, see the prices OF our products 90
)wn, so that their bonds and mort
ages may represent more real wealth; ,
lelr fixed inco.les from interest
aY purchase more Of the products '
icy consume. That Is why they are c
owing heaven and earth to fasten '
10 single gold standard upon the '
orld. That is also why 1t II rank d
iOey for us TO submit TO their die
Ition.
Now how do present conditions
explode the argumentnY There has