The Weiser signal. [volume] (Weiser, Idaho) 1890-1904, 1901-02-28
FALLING PRICES ABROAD.

nail, " and the belief is that 1.-The preSen
export trade of the United States canno
be kept up without general recasting O
prices and of other trade figures in bot
capital and wages"
That is a most significant stateme nt
There has been tremendous effort il
certain interested quarters for years l.
teach the people disbelief in the quaint
tative law of standard money in its effec
on prices. In our country between 1877
and 1897 we saw the quantity of STANDARD
money reduced one-half and saw price
fall so per cent. 1t was an inviolabl
law, but it was forced upon the country
and held there until the losses amounted
to the gathered wealth of an empire.
But in 1896 there was general failure
in crops in Russia, in Argentine, il
Australia and the whole world held out
its hands to the United States for bread
1t was about as bad as the next year, and
| the next, with the result that in three
years our country has drawn balance
of more than 2000millions OF dollars from
the outside world, besides realizing vast
ly increased returns from the gold mines
of the country. The result has been to
restore the prices which ruled before the
great crime of destroying half the worlds
standard money was contaminated But
how natural it is to read that across the
sea the prices of iron and steel are stead
ly failing and that there must be new
adjustment and a cutting of wages. 1t
has to be, for the old law is still in force.
If President Mckinley is alert to the In
fiuences which are affecting trade and
which will be more and more manifest
as the outside world is more and more
drained of money, he will select new
secretary of the treasury on the 4th of
March and have financial secretary
that understands, at least, the simplest
laws of political economy.-Salt Lake
Tribune
That sounds like the old Tribune
with its old, high truth. The Har-
per has by accident "waked the
strain" for one faint, sweet note as
of yore. Beside this, how vapid
sounds its paid productions of last
fall, favoring all that fertilizes the
dangerous conditions specified If
the Tribune speaks the above as a
fact, how deeper the dye given to its
record before the people of its noun
tain homel The Tribune now admits
the specific reason offered then by
the SIGNAL for the temporary condi-
tions which the Tribune held up as a
shadowy ground for the cowardly
statement that "the reasons which
called for silver no longer exist. -
The untenable statement itself was
simply thin cloud behind which to
advocate the success of a crowd
whose principles it had fought for
quarter of a century. If 1000 mil
ions have been drawn from the bal
ance of the world, does it not make
he restoration of silver more and
more necessary to those from whom
has been drawn? and how lonp
will it be until this 1000 millions of
money flows back to whence it came
nd leave us as we were before? The
me falsity in the above is that those
ew millions restored the prices which
uled before demonstration. This
wholly untrue. The Tribune can
ot show such to be the case in gen
raj lines of labor, agriculture, farm
alues, or the general relation of
roperty and money. The worst of
70 hardly saw tighter times with the
reat mass of people and small bus.
less men than today. If it were
'ue, did the Tribune desire simply
local change in our own country,
nd was it Indifferent, when it was a
liver journal, to the wider cry of
he whole world and the extremities
others, now increased, according
the Tribune's own confession that
~ increased supply of money we ,
ay nave is at foreign expense? {
hat remedy does it offer for per-
anent escape from the results it T
ties OF decentralization? What rem 9
y under the permanent gold stand
q 1t now (unless it somersaults back
AIM stands for? What is our fu- +
re to be under this standard with q
ntlnually falling prices abroad, and /
nst the struggling ones of our own 4
1d be compelled by law to pay still G
Sher prices to make good the de- T
'ency to the manufacturing trusts? b
w soon will the "falling prices n
\ across the ocean upon us with 5
doubled force? If, under the law q
the single standard "there must fl
new adjustment and a cuttipo is
wages abroad, as the Tribune q,
eS assent to above arc tbar