The weekly intelligencer. [volume] (Lexington, Mo.) 1891-1901, 1898-11-19

forestall the charge that my answer is
made to suit the case. | will quote, it as
| made 1t in the Arena magazine, IN
December, 1894. answering David A.
Wells in the Forum Of October, 1889.
Mr.. Wells said:
Again. If the appreciation of gold
has been the cause Of the decline of
prices under consideration, the inference
is irresistible that everything for sale, or
e~xchangeable for money, ought to have
experienced its influence; and that some
thing of correspondence as respects time
and degree in resulting price movements
would have been recognized. And this
is exactly what the advocates Of silver
claim, has occurred.
THUS in speeches recently made by
the secretary and representative of the
Manufacturers Club. Of Philadelphia,
(Mr. Herber Clark he is reported as
saying that the fact that prices of
practically all commodities have steadily
| daoIinad damnnotrotau that CANA Ona f.
,orra 800 onora,ino ii, oo,oI nressuro
eyervvhero and s,mnItansonslv mnst Iva
,hrrs,,no ,hom aownward - ina,
Gao, :. Tho onnrec;ot,on NJ ,old , Rut
ro,hin, 81 Tho L,nd a. inns ossoyted has
happened. The decline In prices, though
extensive, has fallen far short of embrac-
inc ali -comrod,,,as and hos moi Mean
r,o,igas,sd si-mnItanoons,v : > 1here
10 further no Foundation 10, thu asser.
lion that there has hean ANYTHING Ike a
sim,I,anoous dscl,na IN n,,ces dua To-
tho anrrec,a,ior of ooid and M one can
nomaanv ,uo oo-mmodi,,os yl,ose n,ica
ovnor;ancas Arr,n, ,ha neriod Of decl,pa
hava harwoni,oa e,thar in rssnac, IN
,Ime Or aa,roo
% far NJ Wells III Iansvered.
.,That ia N sav he requires the
, co,s,itutionalists n nrova hat varia.
: ,ions IN snnn,v ana dsmard ,r,m other
! cousas making ona thing ,ise and
ono,bar fall az tho same time or o,e
= hltIItI IHII MI III AAIIlt llNItf. UN l.
fan faster or more Than another. bo,e
. ceased no GOLD annrecialino. N nrove
that nnder gold annreciation they 1nc,u-
a,e or fan in harmony. otherwise there
has been NO gold anpreciation. lie SAYS
We sav this il the case The l-anguoce
Of the one witness th,.t ha onotes war
e rants no such construction as he pnts ON
r. If as Mr. Wells saws the fall in fine
u case of each eommoditv can he shown
IN he from chanees in sunplv and
demand. cheapened production. distri.
bution etc whv has not The fall hee,
parallel as to amount and svnchronous
I" in the ease If the Commodities .,at he
agrees have fallenp Fvidentlv because
y, they were not ali acted mon nv EXACTLY
H. tho Same influences IN tha samed eore,
ne al the same time. should cold anpreci.
In alton IL a fact have nulled them al
~ into line and made them do it2 Here /,
!, A fair application of MFR. Wells logic NJ
this point; if at the time fat is lessen
w - - "
or lus .no nOne' suppy' an aouiuan
a MhoN. 1,op une Sumrner 10 ioiipwe'
Ne W an ~ ~nea' prices there % no
:, Slnu''a.eousiy " iah Ill tne price u
~ 0o''Ou, .hVuEn .he V~oi'esponu'us co'Voi
oiop VIII oo"e III soue I'VE months ia'e
nd 'nan "nca., VI "nen IL ONE III Is
* CROP 'neh koiu appreciation ha'
lie nothing 10 DC win any iaii IN elthe
Of case ana there ls announcer wheh sell
pinoers were introduced their iniluenc
was 10 cheapen wheat and II gol
appreciation mad then been depressln
II prices, corn lthough Sill cut, gathere'
he and shucked by hand ought to hay
ir- fallen simultaneously and in the sam
lid degree Mr. John Henry Newman
Law member OF the London Chamber q
he Commerce and author OF The World.
=. Exchanges OF Standard Metals etc
- one Of the gold iiatists endorsed by Prot
Sumner, says; No two substances ca
ell be exchanged for any length Of time o
lp- parallel lines OF quantities or values
vas lie thinks that a natural law. MI
lot. Wells thinks 1t would disappear undC
inn gold appreciation. lie says in eifeC
50, that we say this has happened. On
~ would suppose that the constitutionalis