Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1900-08-30

wages OF those still kept at work. ard
the loss Of profitable markets to the farm,
ers who supply the workmen's dinner
pail"
Secondly. the Wilson law, though in.
tended to be "a tariff for revenue only, -
was drawn mp on such grossly erroneous
fiscal estimates by Secretary Carlisle that
II even failed to produce the revenue nee
eSsary TO pay the current expenses of the
Government.
Revenue Producing Protection.
The total deficiency caused by the four
years operation of the Democratic tariff
law was S155 .S,4.1S3. 1t was this lack
Of revenue which forced President Cleve-
land into the bnrdening OF the country
with $262, 1880, 692 of new debt. The only
way by which the Government could fully
pay its current expenses was by drawing
on its gold reserve. The only war by
which President Cleveland could enforce
his commendable resolve to, protect the
gold reserve. and thus prevent his admin
istration from going out/with the conn
try hopelessly busted" khrough free sill
yer, was by the issuingof bonds.
Ine Dingiey act vi as expected. a
- ooth as Ie' xUue producing ana
t3|Ea pfolegtQ1opl ~ WithMxnkeY
months from its pad 1age all pres ~
were verified. and the receipts for No
vember and December. 1897. and Janu-
AIRY. February and March, 1898, exceeded
the monthly disbursements Of the treas
ury.
The CircuIa ton of Gold.
futarastin.r nbanou,an1, unt;,a, \ a
in 1897 was the appearance of gold in
even the channels of common circulation.
Anybody who wanted gold coin. perhaps
for the novelty of seeing what had be-
come rare sight, could go to a bank
and exchange paper or silver for gold,
and find that the banker made the ex-
change not reluctantly but very gladly.
Bryan had pointed to the apparent scar
city of gold coin, and to the difficulty that
had been attendant on keeping up the
gold reserve, ~ proof of his theory that
the volume Of gold was too small to form
a sufficient basis for the money circula-
ton of the country. But after Bryan
was given leisure to write up The First
Battle" gold ceased to be scarce, for it
had come from hiding. and nobody es-
pecially wanted it. Since doubt had been
so completely removed. and our own peo-
p,e as well as the whole world had been
given so thoroughly to know that all
kinds of American money were lust as
good as gold. every bit, then why should
gold be especially wanted when other
kinds Of money were not only just as
good, but were more handy to carry?
The Full Dinner Pail.
'ne Au'n VI 100 enee was an
s Sa 1rop Vi wneat IN 'ne oni.eu
s STATS, otner stais, noMe'ei' ns'e seen !,
pui'per ciope' ou, mighty poor prices anu
no prosperny' hansas nas seen corn
nous He. Ups oe ~ eneap
'An. va ,oos u III iue.
pu. IN ioo' ,ue,e was uen ~, 10,
mueal' eo. ~, anu o'ne, Sums ine iuii
uinei pan VI 'ne "A"an :.
mas oe.on"s ne" .aetor ~ ,ne ia'i ~, u
uen,auu " supply VI iarin prouue.s' Tue
INNS VIZ asain unns op.neu .nIousn /,
inc pasease VI the Dinsiey Dni' oapi'a'
was oeco'nins nose ass.essNe IN enter
prise anu sa" pron's' Ao' i"sses' IN JUST
heSs eApahsion'
I'm u. eiean woAsnian IN
=. an. e. -, .-.- -.
70 DC nheu nrs.' the io.eisner was put
INTO an eAeiteu' impaleh, "orrisolne
mood Aiherica' despite us enormous
crUp' contrary 10 P,eceuen's' was NO.
sehhs noerahs' Consequently prices
wen. booming upward Inc average price
per ousnei on cue isrn, ,eaeueu nearly o.
1S95 less than 81 cents. and In 1896 n
was 73 cents.
Foreign money and the money Of the
populated centers of the East began pour
ing into the great agricultural area of
the Middle West.
The farmers who had been barely able
to keep the wolf from the door and pre-
vent loss of mortgaged homesteads, now
felt themselves flushed with wealth. They
began to spend money for clothing. food.