The Weiser signal. [volume] (Weiser, Idaho) 1890-1904, 1899-04-27
value OF commodity is the effort of
labor in creating that commodity.
Neither of these is measurable, but

value OF commodity Is the effort OF
labor in creating that commodity.
Neither of these is measurable, but
fluctuations in them may be per-
ceived. Now, market value is the
ratio of exchange between COM
modify aud dollar, and out Of these
three terms the latter is the only
measurable one. Worth is not meas
urabe in units, and fuctuates only as,
by changing of the attributes Of the
commodity, it satisfies more or less
the demands of human beings, labor
value, also not measurable, may how
ever fuctuate, as when, by improved
machinery, less labor will create the
same amount Of wealth. But mar
ket value, being ratio, may huctu-
ate whenever any change>is made in
either numerator or denominator.
That we have had many such changes
you we'll know: that we have more
than quadrupled our production and
more than doubled our population
since 1865, and yet with such in
creasing demand for money, the sup
ply has not been increased Do you
not know it should increase With pro
ductlon, to keep prices stable? No
community was ever crippled by sta
bile prices. Thirty. eight and one half
cents for printed cloths offers larger
opportunities to increase their pur-
chasing power than two cents; and
vet YOU have witnessed in thirty odd
years, decline of ninety four per
cent in the market value of our cot
Ton goods, without protesting against
such frightful contraction Of the
denominator OF our market values.
Did you know the circulation was
ninety nine dollars in 1865, before
the end of the Civil War, and hes
shrnuk down to about eight dollars
per capita today Do you remember
when prices first began to fall? Ol
were you busy hunting for grasses in
far away Russia, and percentages ol
i labor displacements in Moline and
I Fall River? 1t was when the hun
, dreds of millions of interest bearing
notes that we're serving rs currency
t were being converted into bonds, un
: der High Mccullough Since then w
: have had momentary checks in thei
+. fall under limited issues Of curren
D CIV; and occasional advances unde
: the spur of credit expansion; bu
8 bond issues have locked it up in TN
: treasury again, and given us falel
# prices with its compulsory idlenes
+ of large number of worksngmen
! and its discourngement to every bust
J: ness venture 1t is no small Grim
to assist in wrecking the social an
It financial happiness of millions o
VI people, by unsettling the market val
s ne of their accumulations; and | re
G fer to debts as we'll as wealth L
q double the former and halve the lal
g ter, and pretend TO suffering victim
J. that improved machinery did it,
ID exactly where You stand today, Cal
IN roll d Wright. You well know tbs
|y the Standard of Price of nation
he determined by the amount of leg;
tender medium offered in exchans
is for the commodities, and that lab'
es and machinery are but minor factor
d: Stability of prices is necessary II
IS tue greatest production of wealt
Ill You know Augustus Sauefheck mai
a tains: "There would have been I
Is fallen prices in England, but for tt
AT alteration in currency and the din
nd inished supply of gold. If son
we articles fall, others would rise, kee
g? ing the average of periods unchange
of if The currency increased at the sar
of rate as production, or at least as po
ID. ulaiion. The late Major McKinl
~, savagelv attacked President CleS
ey land at Toledo, Ohio, Feb. IL, 1S9
nd accusing him of a determination
its contract the circulatory medium a
is demonetize one of the coins of co
ie- merce, limit the volume of mon
W. among the people, make mon
ket scarce and therefore dear. He wol
ow have increased the value of mou
for and diminished the value of eve
or thing else-money the master, eve
ine thing else its servant. He was
and thinking of "the poor then
ten had left ''their side. =" He was
hat ssstanding forth in their defens
'wn Cheap coats, cheap labor and d
1--WE money; the sponsor and promoter
,ro- those protesting to stand guard o
nee the welfare of the poor and owl
tial Continued on Fourth Page)
The
Deafuess Cannot be Cured.