The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1898-10-28

600 more than my have realized.
Without itcii1ing the greatly increased
profits which would hay accrued on
Ot her produces ~ the farm feel justified
in stating. afte- careful study Of the
most reliable statistics to be obtained ON
this subject that the loss sustained on
farm products aiOne during the last 30
years. while the price OF the dollar has
been steadily appreciatng and the price
Of all commodities steadily depreciatng.
.'eeches the enormous sum OF 80 OJO,WO.-
90 One billion dollars "A year has been
lost by this system of contraction. One
billion doll..rs a year means about % 900. =
% "A day That is more than IL cost on
both sides 20 conduct the late civil war.
just hink Of IT, a greater continuous
drain on the American farmer, day after
day year after year. decade after decade.
than that occasioned during The five years
of that dreadful civil war
Why. this loss is more than doubleyour
entire 5ariff revenue receipts, your inter
nal revenue receipts and your miscel-
lancous treasury receipts combined Yet
we are told that other questions are more
important that we must leave this Brit
isl. financial lcgislato on upon our statute
books until naughty England and few
poor deluded American ans lonanics
kindly condescend TO let free Americans
legislate for themselves
The cause OF this incomprehensiblcl loss
Is finally attributed TO our friends on the
other side to overproduction II commodi-
ties. And yet statistics prove that from
1888 To 1873 the world annual increase In
the production OF all commodities was rs
per cent. and yet prices advanced during
that period 20 per cent. From 1873 10
1898, the succeeding period Of 20 years
after the demonetization of silver, the
worlds annual increase in the production
OF all commodities was but l.6 per cont,
and yet prices fell during the latter period
32 per cent and are now a we all know
TO our sorrow, with but one or two abnor-
NAL exceptions, lower than ever before
since the discovery of this continent.
No, Mr.. Chairman, 1t is not overproduc-
tion of commodities; il is underproduc-
ton Of money which prevents a proper
distribution. and hence a normal con-
sumption Of the commodities we are pic
ducing. There can be no overproduction
of brcadstuffs or wearing apparel while
the masses are cold and hungry. In 1919
VIZ <hhh'AANh pNVPAN WIZ ND'A'N-N =
about six bushels of wheat per capita.
and they were paying $l.3o a bushel for
wheat. In 1895 they were consuming but
a little more than three bushels Of wheat
per capita. and yet wheat had fallen to "a
cents bushel. Now, II is fair TO presume
that our people needed as much bread In
lss5 as they did in 1873 but they could
not earn the money To buy the bread they
actually needed
Thus it happens. from whatever point
of view the subject is discussed. we fin6
only rapine and ruin following fast, anc
following faster, until the sum total de-
fies exaggeration. In 1896 there were
more than 6.500.000 Of American pa
triots who voted to emancipate the ma
tion from gold bug and gold standard
domination. they will vote the same
way in 1898 and IN 1900. and on through
the Goth century. There is something
i'll a name, and, to the American people,
patriot" is better than pirate"