Logansport Pharos-Tribune from Logansport, Indiana on August 8, 1896 · Page 7
Get access to this page with a Free Trial

Logansport Pharos-Tribune from Logansport, Indiana · Page 7

Logansport, Indiana
Issue Date:
Saturday, August 8, 1896
Page 7
Start Free Trial

"MOTHERS' FRIEND" Shortens labor, lessens pain. . •:';•, ...i diminiiihcii danger to-liio or both mother and child and leaves her in condition moro favorable to speedy recovery, "Stronger after than before confinement" says™ prominent midwife. Is tho best remedy FOR RISING BREAST <- Known and worth tbo. price for thai Mono. Endorsed "nd recommended by midwlvea and ill ladies who have used it. ..... Beware of substitutes and imitations. Makes Child-Birt« Easy. . .i __ _*nitl«t »\f nrtPP. BEOUUTOB CO.. SOXJ> BT ALL 'D ITLtHTi. 01. TIMETABLES. PLAIN ANSWERS TO QUESTIONS PEOPLE ARE NOW ASKING IN REGARD TO THE FINANCIAL ISSUE, . '"'„ .^ •*I(TF Statistics Taken From the Official Records Furnish Conclusive jvidenceof :;^- the Correctness of Republican Principles,._ v£^~*" Monliccllo A Enntr -T °- uu n *" ' •gSS.X^SJK.-tlSJSi JSS^iifBffiSi:: 8j= M5= iii ar^^terVnertla-t,::; | S m •£* P.m HSMSfiLiiaiiJSBS Ko 3 N. T. 4 WEST BOUND. EAST BOUND. •old no 42.. 2M1 a m »:<» a m 14 tw'aimr'ivwro'f touTv* »nn 12 60 p m EEL RIVER DIVISION. WEST BOUND. No M arrive ••«— No 37 arrive EAST BOUND. No8tne.w 'sSS ? NoMlmve.... 3.30 P n THAIK8-<i:S*"TR .LOOANSPORT. INC. T . , .FOB THE NORTH. No S fn- No M -r f 0 l f.<i'i No I« i,. . ^o 8 « suuduj lor :out i u •• n 1 u ..,., 'i " 4-M u m ili . 7-00 u m ' D85pn No 8 ha» tnrongh l>»rlor car,Iidtan»poll8«> South Bend via Cpfinx.. •••«,,. No 90 Eastmough.!e«pMi,StLonl«t.)M«ckl "*"• rOR.THB BCTJTH No 13 Jor Terre Haute dallj ex Sun.". ;; >".T., r »HsutrdH»5 «Sun.... No 15 <«llj««Mpt Sondaj ..... ....-• Arrl¥(1 , . Of. B. A. Fort, Generw: Pa§»«nge Aftnt.Bt.Ix>ul»,Mo, Since-political events have brought the financial issue to the front I have received a great many letters asking information on various points. In order to cover the subject completely and furnish the data now called fpr in popular discussion, the points raised by the queries received have been arranged in order and the answers have been made as plain.as possible. ' The statistics,are taken from official reports, and their correctness may be depended upon. What I* intaoC by blinetalllnn? The literal meaning of the'word is imply the monetary use of tho two recious metals, just as a bicycle moans cycle with two wheels,' By some the •ord is used to mean tho concurrent nso of gold and silver as full legal tenor coins, while according to others it means the opening of the mints to the ree coinage of gold and silver. In a pamphlet issued by the American Bimetallic association the statement is made that bimetallism "is hot the con- tant contemporaneous circulation of both gold and silver, but that when the ilver dollar becomes cheaper than the cold dollar tho employment of gold hould oease and the entire money ser•ice should bo performed by silver alone." Others contend that such a ondition of affairs should be more properly described as monometallism, be- •anse.jt leaves only one metal in moue- ;ary use. What If meant by free coinage at 10 It means that .owners of silver bullion shall be allowed to send it to the mints- of the "United States, to bo coined free of charge into dollars, each containing 871J4 grains of silver, the market value, of which varies with the price of silver, rallioii, aiidis now about 58 cents. • What U.meant by the coinage ratio? As everybody knows, gold is inoreval-; uable than silver. In order to make the silver dollar equal in intrinsic value to a cold dollar, it is necessary to put enough, bullion in the silver dollar to make it equal in value to the bullion in the Bold dollar.' 1 What is known as the coinage ratio In the number of parts of silver flied by law as. the. mint equivalent of one part of gold. -...;•' What U meant by 10 to 1? It means that 10 parts of silver shall be coined as the eq-Jvalent of one part of gold. llo 10 part, of «llver equal one part ol f °I?o; silver is bought and sold for less than 70 cents an on nee, which contains 480 grains, and..at the ratio of 16 to 1, only a little more than • thrce-fonrths of on ounce is put into the. silver dollar of the present standard. It'takes about 81 ports of silver-to equal in value one port ;But ha« : »ot that .been the ratio »t which gold and .liver taa alwajri been oolbed In *hl» country? . No;,tbe original ratio was 15 to 1. than our mints could have handled, if they had done nothing but coin silver dollars, so that it provided a more extensive absorption of silver than would have been possible with free-coinage. Senator Jones of Nevada predicted that the law would 'advance silver to par with gold. A speculative movement in which congressmen are said to have participated did carry the price of silver from 81.0? up to ?1.10 nn ounce before government purchase began. The price of silver under the operation of the law of 1800 was as"'follows, the quotations being taken from tho mint reports: PRICE PEH OUXCE. March .« . 18W September.,.. OlItOllLT November No. The coinage of silver dollars was stopped-by President Jefferson in .1805, and no more silver dollars were coined until 1834, in which., year a thousand were turned out at the mint. After the change of ratio in 1884; tho mints were open to tho coinage of silver dollars until tho piissago.of the act of 18i8, but as the maVket value of the bullion contents required by law for a silver dollar was worth more than a dollar, few silver dollars wore;coined and those which were coined .were at a premium and disappeared from circulation, Uuw'dlil the a«t of 1HT3 affect »llv«r? It'rlroppcd the silver dollar from the list of '.coins which the mint was authorized to coin. This had the effect of closing the mints to. the coinage of silver bullion on private account, us the only silver coins authorized were 01 limited legal tender. -Minor silver corns, such as halves, quarters and dimes, have always been coined ou government account from purchases of fiilver bullion ; made by the government at the market price of.bullioii. Wn« It nndentood at th« time iliat till* •wai tho cil'BCt of the bill? ' Tho passage of the act of 1873 did not attract much attention at the time, because coined money was not in circulation. At that time treasury notes and national bank notes constituted the currency The silver dollar had never been in actual circulation to an appreciable extent, and the people took no interest in the question whether it should be kept on the list of full legal tender, coins. Tho original bill was prepared in the treasury department in the win- terof 1809-TO, under tho direction of Secretary Boutwell, aud was submitted to tho different mint* and assay offices bSul V SdTtfe?" S bf'of S theIgv ' gcstions received and was transmitted to the finance- committee of the senate along with detailed reports and cxplana-: •tions setting fprth'the changes made by the bill. .It was plainly stated that one . of the features of the bill was "discon; tinuiug.the coinage, of silver, dollars. Tho bill was introduced in the senate April 25, 1870. It passed the senate Jan 10, 1871. It was passed by the house of representatives with amend- mentsMay 27. 1872. A conference committee was appointed Jan. 3i, lt>i J. ice S 1 became a law Feb. 12, 187*. In the ;conrsoVitB. passage .through .congress it was printed 18 times aud the proceedings taken with regard to it occupy !44 cotamnn of The Cohgressional.Kecord In-the debates the omission of tho silver dollar was repeatedly referred to and the reason of it was stated. The late Wimaffli D. Kelley of Pennsylvania (Pig Iron Kelley), stated this reason as ].KI l.llfi l.i'fi ........pril,. "Ti'w.Muy.... "(I.I tine' ..... f,,hily,..' Atiitust Tii-upH'mlKr..., 1)7 DucLMUbur IW.Januftry jjf l.'V Fobriuiry Murcli Al )ril H,V,lnne... K!j" lv _.|j P3h?cpteuiber. OulOctobtT 'It is impossible to retain the double standard. The values of gold and silver continually .fluctuate. You cannot deter- Sine this ye,ir what will be the relative values of gold and silver next year. They were 15 to 1 a short time ago; they art [a to l.now. Hence all experience has shown that you mast, have one standard coin, which shall be a legal tender for all others, and then you may mote your..domestic .convenience by . • _*j „„»:/. EnXaidinrv ROinatte Oi silver, parts of tne-couutry M K»I^ <.«•«•-• --- itedamount,.and be redeemab e face value by your government, —t-on SSsionaV Record, 2d session, 42d con •gren) page 3,818. ^ ' • '.'"'.. weig ' " ^ weight ' imrf ********** • *» — jf ¥• W«»ollc»»jnojoitobtti lfin«e tho world for » , TIHi;dlr»aM.Jiallll»7l infiled the euni 01 me mntt eouneat PhT*>* 'P^S^^liS^ ; :RW«^s FOR THE BLOOD, •• SERVES, LIVER: KIDNEYS. 4 R B. B. B. cured me of Heart; and Bowel Trouble. Yours, MHS. HANNAH SPBINGEK, Milroy.Ind. . 4 B.'B'BB are purely vegetable, ifnt up in oapiules, sixty In a box. Thirty 'diy**, treatment in a bos. Pilot »i per bpki of » Ji * or *6. " .Manntaotarediy H. : C. BRAOO C«na*nvlUf,lod. .'. ,. ... _,, '. ForiiaU by.ali drugglit* irrpHfl .in -B report- »cui f, -AW-*.•*—.- • — T. hlfTatio: -iTisroffloient..^.^?^ by i jiatratio.,.., ». , oe thdt ito ton dency is o no. us or a nv4 Currency, and leave ; s nothing but silver." • •_-• ; Wnen : -waa'that ifirtlo ehan«ed» ' • By the act of June. ;J8., 1834. At,that ^h^»?"^H ^affi^S^^- Bcconut.of the .large output of,the .Mat- MU mines,: and. henoe^ the ratio was btedat i5; : 98-parto of silver to ooid! Yt'fa : this- ; ratio i which'"is spoken of .in. ronnd.nuniberg.as 16 tp : l., I'M the-: effect-of thU ohan^e of •'circdla'tipn »nd ; B. Fi H>"-E8LIN,G, r Dniirel« The only reference, to '„ - - • in the constitution of the United State is.iu geotion X.-pf. article 1,.which, say *r : _ J ._*_ ii;.,n ..wiuif-o rtnvtmnor ba ^B^nBTthe market value varied from , jg.ui geotion A. : OI . w™* ., ""^"--r^ SsK|S9S?JSiSK.is»l£ whicl^wai nnderyMued by the mint ra-., Kg^?^^.! pr0 yides. that ..congress tio. The currency-committee ol-con- , ,vi«: ^ m .^ 6t ,i t0|coil ^ raou ey, regu H tliorGOi «*k*v« «» -——i—-' ; the standard of weight. gpecifled; b.nt. the. metals use f, silver, nickel, and .copper: • win th'e'eBeet of the act of 1ST mil January........ February 'March... April;'..,. 'May.-..-... ..'.. Juno,. July August gpptL'mber,-,... October Novmnbor..... Docombcr ma January February - WIIUCMJW.-I- .••••• •Altogether the government purchasea 168 674 083 ounces of silver at a cost of 1155981,002. From this bullion there •were coined 40,044,044 silver dollars. The total coinage of silver dollars since 1873 has therefore been as follows: • ndurthoactonBTS 37 *- nder the act of WM ecolniid from trade dollurs «i,L>80.30» In addition, the silver bullion stored a the treasury is represented by silver reasnry notes to the amount of ]5fi.|Wl,- )2 Total silver dollars and silver ot'es, 679,220,311. Total coinage of sil- er dollars from 1792 to 1878, 8,04o,8S8. ncrease in legal tender monetary use. f silver since 1878,1571,174.473. Such facts, it is contended, show tnat he decline in the value of silver cannot e attributed to any decreased monetary so of it by this country. It is argued hat the figures of silver production are nongh to account for the decline. AC- ordiug to tho mint reports, the pro- notion of the world for the period.of 871-75 averaged- annually 68,Jli,01* uuces of silver and 5,591,014 ounces of old; for the period 1876-80.- 78,775,802 unces of silver and 5,543,110 ouuces of old; for the period 1881-85, 92,008,944 uuces of silver and 4,794,755 ounces of <old Yearly production since then has .een as follows:. ^^ ^ 5,1113,6?! IN THE WORL-P _i keeping th. 8y.t.m In a H.althy CORES Con«tlp»tlon, .Act. on thu Llv.r BU>od Dl.p.18 Cold. «d F«v«r«. Bwiutlflw th. and Rofr.^hlng to the Tart.. SOU* «r «U. Onutuum. ti>«7+a.* U-cela *«, Book « - made and the, services of the most ex_ pert, statisticians were employed, ana the report was unanimous aa to the statements of fact. Tables prepared by Labor Commissioner Wright, contained in the report. Rive tho .following as the •average price of spring wheat in Chicago and the average price of silver lor the years named: . Price wheat. ... 1K74 i«:> 1H7II 1K77 1KTS 1B7II 1*81 1SK! JS8.I 1SS4 ... ... 100 Price silver. Wr, 1274-5 1 IB IIS 1 1.'. 1 '-'it ,. KKi,s;7,(iue r,',740,»» 1U ;;::: ISusV^ z$|i]o } r S HB lor, 87U - 7,»»,342 •^ ; :;:: wofli:™r, ,. «,wf Thefact that three times as much.sil- •er is produced when silver bullion sells. Tor less than 70 cents an ounce than here was produced when silver bullion was worth «1.29 an ounce, is regarded as conclusive proof that .the fall >n the price of silverhas been due to a decline n actual value. It there not le" uioiw-y In the coontrjr now, per capita, than there wa. In 1873? No there is much more. Thefollow- ng figures are taken from the reports ot he treasury department: MONEY IX CIRCULATION JULY 1 1874. State tank notes •••» l < 3 ™" :t!o>ml currency SI WW ] ?J fSw' ;M\— vi 1<H h 1(SH) '•" . -( iiuju jgi ;;::::::;::::::: 'w ^ In 1877 wheat was higher than m 1878, although the silver bad decbned 15 cents an ounce. Dnrmg the pcnou when the coinage of silver dollars was altogether discontinued, the average price of wheat ranged at a dollar and upward. The great decline, began in 1878, when, the government began to coin silver dollars at the rate of .J.WM.- 000 a mouth. Wheat in I860, when silver was $1.86% was slightly lower than wheat in 1889, when, silver was 9JM, and wheat in 1888 was $1.36. with silver at 94 and only 80U cents in 1884 with silver at $1.11. Wheat rose m 1S<9, 18SlTl885 1887, 1888. and in 1891,'notwithstanding silver fell. Cotton varied before the war tiomBX cents in April, 1843, to 8 cents IBi 1848, 7^ cents in-1849,-12 cente in 1850. 9^ celts in 1852, 11 cents in 18o8 and 1854 IQi/ cents in 1855 and 1856, 18^ cent* iri'l857, and 12 cents in 1859 and I860, at a period when th* cotton seed was,a waste product; and; after the full re• •• * ' of southern J73),881,80» Add specie In =:rcul»tlon on tho Po- $ KffMM 1751,881,OB MONEY IN CIRCULATION JUNE 1.18M, circulation Gold coin ..-• • Standard silver dollars Subi-idlury silver Gold certiflcaten Silver certificates...........•••••• • • Treasury notes, act Jul> H, !>*'• • • United Stfttoi* notes Currency certificates, act Junes, June-l.iBiW. * " ,, III.SM.IIW t',l«Jl, 33l),!IW,080 118,080,508 I00 u, 12 cents in 1881, -... mid 1883 105^ cents in 1»S4, --,» tai^r»«c«iw i«i s88 ' io « c s nas } n 1887 and 1888,, 10,'i cents in 1S89_, 11 cents in 1890, and 8^ cents in ISJl—an average substantially the same mithe 12 years before the war and the 13 years beginning with, l879,-.when, the cotton, seed was utilized so as to yield a.larse returrTand thus practically reduce ; lbe cost of production. In 1891 and.ia»^ Si pridwent: down to 8W cents <md. 1% centsi'/almoit exactly what it wwi m 1848 and 1849, and- in-1894 and 1895 ..went abnormally, low. under ; «be influence of enormous crops; but m the past year it has risen 25 per cent over the Pn lnimpo 9 rtant factor in the declineof prices at terminal markets since 18<3 las been the reduction in transportation charges. -Ih~l875 the freight charge on a builicl of wheat sent by lake and canal from Chicago to New'York was about 111* ceuts>in I894.it was less .thaa 4M cents. If sent by rnil-the charge in.18(0 was 24 cents; in 1894 it was abont48 cTnt* This reduction of charges.wou d uwu>~ jj,..—, •t^i/lnoriAll. in Total - .,.- ,,, The!'populations i 87 3 is es.tiMated;at; 41,677,000; circnlatiou per capita, $18,04; opulation in 1896, estimated at 71,268,- O'-circulatiqn.-per^capita, $21.80. . •.-. WU1 J 'n«t •• free .-.«olD«ie • in«lw - »«"»/ l o, "the inmediate effect will be to from" circnlation. Row can the agitation milliard time«? 'Because contracts are made payable • to dollars, and the free silver agitation makes it uncertain whether a dollar means 28.28 grains of gold - or 871 J£ grains of silver. That much gold « equal in value to nearly twice that mncH silver, so that the chance of receiving a „ silver dollar for a gold dollar means a risk of possible loss of nearly 50 per cent 011 loans or investments. Henca money is hard to get, enterprise is stagnant and business goes on simply from ..•• hand to month, as the saving id. Mean- .... while money piles up in financial centers to be loaned on coll at interest rate* as low as 2 per cent, while offers ol * and 10 per cent interest on investment* fail to obtain money whore it is needed most, The resulting distress is most • keenly felt in the south and west, ror , those sections are most in need ol : money for the uovement of the crop* and the support of their industries. Would the mcrem of free »Hvcr cana* * That depends upon whether the poo- pie will try to pet what belongs to them while dollars arc as good us gold or will . be willing to wait until the standard ol va*ue is the silver dollar. The panic . of 1893 was caused by fear of free silvec, tut it. w.s sfcivmt by the repeal m tne •• sues ci -..^-At KiiiCf. Ti-.o • } ""•"'" *•£ which panic comes w;is tins uo,-Ti-*bett . the interior department: ! -If a president and conpcss were elected i;i November com-jv.ttad to^the free and unlimited coinage of -SdjJ erainsof silver into dollars, nearly six months w6nH pass before tliey could b« inaugurated, and six months more before the proposed legislation could be- , ; come law. During lhat time creditors would seek to protoctthemselvesagainst. , being paid in dollars worth only about , 18 grains of jrold. and they would en- , deavor to make collections before TO* unlimited coinage or depreciated del- lar began. The debtors would not b, allowed to remain debtors until they could get the advantage of paying ofl what they owed ut 50 cents on thei dollar; they would be forced to immediate - ; settlement':.. Sheriffs and constable* : would call upon them without delay. Depositors in banks would withdraw their money. The large merchant*,, forced to,sottle their foreign indebted- iiess, would insist upon immediate pay- ••- mentof debts dnc from smaller merchant*. The smaller merchants, M turn, would ba compelled to force cot- lections from their customers. Th« great volume of'business conducted np- > on credits-would cease. Manufacturing enterprises could not afford to confanu* business or make contracts until me , value of the new dollar could be settled by the determination of just whatSTlM grains of silver -would prove to be wprtn. .:, Manufactories,^onld close.: Busines* houses would -fail. Banks would bo raided The unemploved would be nn ™L ',. bered by millions. The /w. me "J^L d i find few purchasers for their products.., W»i!t and famine vronld pervade tne. land; At the end of a few years, when business settled down to the new mean-, ing of a dollar, the fluctuations in the commercial price of silver would shU keep our dollars of uncertain value ana hinder domestic trade." dolfan. .went out nore than 'one part, of, gold., ,,., . ,., .... ... Whi .honia inequality In.the value of tne^ii'on Zteninf coin. oMIk. den.ni. »n -eipel the oolnjof «reate.t,value elrculatlon? 'Doe*. It, not •»••* «° reuoii lliat; - If anythlnss people would prefer:«he:iubr«-vi4luablevooln? : :.: •.;• ^ to^ve^^^rw^r^aln'eabl^coin ceafes to-pa«s;' Hence the. impossibility; census •« i«™ e coiuof greater value In. alongside of v a coin, of'lesser. t' r of,the>. larae denomination, 3 raontableVfo sell the former if'. __v_«"X*. iKi'twillirm contents' tea. say that, : s w^iiv.J has since then . • price'of silver, by les- selling we aenmud-fbrit sothat itscom- , mercial;value af.once began :! toilall as' ^paredwithrgoldwhichwasartincial-,, _v__ „„;„,'„* h,y becoming tne sole rd.' On tho' other hand, _ ; thetrue''caust!'bf.tho decline it the price '.of '< silver is the : in-.; .'reduced cost? Th° e f^ bearing on the Sr Kadually d^ined from-an average of J1.8BS an. ounce in : . 1878, to [bout 70, cents, an .ounce at, the present ''" he act- of ! 1873- did riot Decrease: th e monetary TWO of silver... .The coinage of. silver dollars. ,up,:tp;tbat time,had.been very limited,, the.total from the fonnda- very, uraup^ vern ^i en t up to 1873 being — -' Other silver • coinage' coin lor tnevttjue *» »"> «»•»""- —-than-to nse'itfor current-money..- i much In bullion oontenuT be'mint'-ii- closed'to. owner* ofistlveT,,,bnUion,;and: all rilver dollar* 'ate,ooineoVby,,tlie go.Yernment,which accepts and^reaeemi-them^as equivalent l-i vaiue'to gold'dbllari.-': '•".."''/ j •',' I* there free oolD««e'of fildt •. •' • - - J ' • allowed to be. while'•liver to not a""* 0 "^"•".'r^r Became the bullion value^of gold eqln "°^rT _ . whlla the bnl- %gjS^&-i^^&i *orth OT!* nak oJT}t*Tfaoe valUe,:, ti ^ ''^ai'»^tp'e'Wn^«I*w''1«V:««. J *«ff; ^^**j^sdfeS?OT wfd«piia^i.l»»»8K«i*%lBSgi?<.W;» coinage capwivj -"* •» .•.-•"vo silver dollare a year. It would take .„ '.yeaisVto: coin.'- enough; silTeri dollars j to take the place of .the gold coinage that •wouldbeSnVenbutofcironlahon; If the governuMOt-bj law, declarer a. -Iven .uuantliy. o^roetal or anythln« elw * dollar,, iloe.n>t that make It a. dollart ;L 'it Wak'es i't av dollar ill-denomination- .bu"iiot an:.valued- ^Value-is- notothe. ,name, of a, ; thin* .but, .the, worth., of a thing. ..The,-,government.might declare to copper cents should pass asi dollars. ,nt that wonrd-Bimply-irieana change of. name.-: .The new doUar.would; be'worth So more tha».the!Old ; cent., : ,In .tbecon- ti'tutipn the'power.of congress -.'to coin nohey' 1 is conpled -with • a. clauseren- obHng'Cbngres^tofflx tb'tf standard of weights ,and-measures:! congress; has a cower to pass a law malwiK f a,gtondard mart ot what isnbw aipint; ,but would kat make the uew'qnart measure hold iny' more'than: the old pint measure?: ..Whvrhave; the vrlcewor^aH.farm product.' declined ,«ln«».- 1873,,m aeoordanoe •Kith- the decline' ot'fttvtrt • Where tho price of farm products has declined, Jtho facts-as regards production ite sufficient' to account for.it. -in iere were 26,881,512,acres of wheat ite'd 1 * this'couutry-j-'iu'-isgi^uiere ur ioi3 gives — --- - , Saaissnaasji -rmrlev--70-corn: .22;oats,.SS;hay,»o.w. Wi h r rhe exception of wheat all these r^rodncts have in late years brought -Saner prices at DegMoinesthan-in,1878, Th« renort of the. statistacian of the agricult^al'department for-1894, gives ;?hTfollowinir table of average prices on .•the form or in the market nearest the .farm: . .•..-<.Year' W'^ A GREAT DINNER. e Ja*e«U» *M»* The greatest dinner that I ever nt|. o»ri e r. Corn -«*.' ; g-e total.silyer,coinage... , taken .from'the mint reports, e-total'amonntof silver coinage ' ••••• • shows the ww** «^*w^"- —• for the years'mentioned; IKK. ; .'•, J8?8. 1W4. 1875. 187B, ..».2J<M,48«.a) I. 45e4,M7.0ll .'.- .oJUr,T7H.W ,, -15^47^1«.l«l ,.- 1 !4,W.auT',IV 1 ...; !i»,3U3,ia.1.M .,..£IHI. *0,,iUi«f •?"•• ,"":'_r TU * .ti.'.J.'.ul' anthbrize the coinage; of the stanaara Hilver dollar 'aua'W restore-its le^al tender chaiaotar.JW"--'- - ttu>t - -*«*-«"«« wereiooinadm. ., Under, w.*rt; : reooiiiingrjf,the'; an adaieTonal ooi JUCF itOftt •''tw^v; iv* 1 ^ (798.8U»er,doUars,, "-bl 49., 1887.;'for the Collars,'th'isre was .. .1881., 1882.. J88»,. •1S88.'.' IfWl!! 1891.. •law.'! .1.19 . ..088 .08 !...... • lt ' s '.'.'.'.'.'.• : -«& "'•'"" '.Ss' :::...., .s« .*« .4M -.4SS .aw ..838 .365 .445 '..*« .41IS '.DOS ;«58- Oot« taw •.tK, 1.1T5. JBS .278 '•J8S ,298 '.305 .278 -.aao .425 .315 • Mi j-average 'price 1 of corn (which is the'rabst important farm-crop) was 39K cents between.1879 and 1889, and. 42« cents between 1880 and 1894. The ayerage.price .of 'oats m the first period waslr -cents, and in the second priod 88 cents. The value of the oat crop was aboutthe same as that or, tne cu enr.jrheryie.n ! .was : bushels, a heavy increase ^ ~Iii 1891 .tVyiiad was <JU 'i.. '' a -"greatly reduced QCrUUMU-lWll** **• ' •!*•»* V**'*" 1 w T , yield- was. 447,100,000 bushels..,: "„—" tivated area of ,corn.iir the.Un tedStates in 1871 was 1 ' 84 091,187 acre?; in -189Mt was 76iS04;516;'4ncrease,:ia4^per-cent, mho-yield of • com!-last, lyear, .,was;moM than'doable that of -any.Vyear pnor. to 1875 Both the acreage and the average ^C^^^SnS^^ per cent igreoter than in .any.year,;prior t/\ 1RH7 '•' ' i' • r' '• *"i'> •'•" ''•"' ' Under such circumstances a^ecUfle' in erain.and. cotton-values wat iuevita-; •vile -iThat decline;" haa'/jfiot^^noweycr,* correspon d e d " to 'the.-declinijin.^ilver, tat ba^aried.Vstrictly accordinzto the condittolBS of 'supply^ and. demand/- ; • On'-March'S,! igos, 'a 'suboommittee ,oi' ; the senate committee;on;:financp 1 jrepre>!) senttng both political .parties and both, *f?,S^5-^ecorrency, aueedon^mad« a;, mass of small, products of the .~_ Tultivated. mainTy, by .hand, labor,beef pork, arid'many ^f j^fhepro- •duct8«f 5 th^farm..hav.e more value now in exchange for ; clothing, tools and household supplies, than in-1873, or at or.a; 'iiovement. o/prices has been enormoua- ly beneficial to, bun; Jhe senate com, mitiee's tables show •• that • while the average prices of 228 leading articles declined 8_per.jcent. from, 1860 to l8Mi -~- -e« ; have ~ increased 60 P« iien. ' Since 1878. average lave" declined 80'per cent, and •wages/have' increased -is -per artmoa wiu«..in a * t a rd > »'---.- -., wheat bread;; and<Bon» ,fr«rb,.lbuneB. with half a jug, of.flne whf - ' It down. -I,t wa» In front • church in the Bummer «»»"• -•-— , fcne had gent ^Enntte » leg of jnutton.1 ..•Sbme.••oifr.bad aent Veatman **•*&•.$ pill box of butter. Bra W ,:Gen. Polk> ,; cook; had.aomeflonr. Eustta and YeaW :;.; man inyited. .G,oy,; HarrU. and my,a«in| .;. The governor .happened !*»'!^TP'.*J I *J ''' which fitted Gen. Polk'wnredlcine daae. ? All "of us united in making the robbery, 5 • ot a .vial. of:iri*li wbitky, the genera* „ . himself being *b**ut. and that wa» th* -,,s dinner! Glorkraa dinner J •. -: : ., •' •..-. Pleas* God, the qUDrtette atill iurTim to tell ..the tale, which they do when-,/.; ever iney ™ eet IID ' 1 can ^ "^ *?••''• encc. Kustis is in Paria. ambnasador.;•-;, tVe'same cool, self-possessed man in di- ; ; plomacy he used to be under ftre; able, brare and lazy. Harris—toucblng-TftB,; eifrhtic»r-,>s the daubing-. brillinnt,.-ln*-| •:>., petuoiis boy he was 32 years ago-ond, ;,.< silver or gold, or neither, I look toward him a» I write! Yeattnan, obtru- • , sive only in bis oonrng:e on the. battle-: ; field, lives the 1'fc * cultivated leisure. nnd' : 'unambitious rusUcity ivhicbi^-der .. lighted him most when he was bot»,- ; younger and richer than he is, tbongb. ^ he Btill has his ancestral oeres. | • That was a dinner.- .-. , -i "•'•• : . '• 'naneo't 8"»er"Dollar- Mexico has free and unlimited ,coJn- a»te,<ajid yet the Mexican silver dollar.\Jj although [larger, thno ours, is quoted !«.;•; New-York, Paris, London and Berlin at S2 cents.- It should be «oidata>,that i» j Mixico it.!• worth,but SZ centein.RoJ«, ; ind that ii pw»es thertaad elaewhm ; : k'fita- bullion'-viane a« mwwuml by th» ..- „ we 'h«d hard time. e»r Woe'VaTSt.',;,, ..,,',•,,, . ... ....-_; •• Hj,If& not true that we have had bard times ever. Rince-1873.-Great prospenQr .S^S^i? j -.u- regumption of specie pay ' .--ji.~-.i. uiitil -'*^«'^«'VGI thjen-tnere nas-ueen incruu. e.. . 7hB» : ibB"b<ican» Ml". •*» flulig lo OliKorla. ''

Get access to Newspapers.com

  • The largest online newspaper archive
  • 14,500+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Try it free