Show CHEAP SILVER CHEAP PRICES IT HAS often been asserted and it is true that with the decline in in the price of silver all products of the farm and mill kept pace with silver and declined in the same me ratio with the absolute tiza tion of silver and its steady decline to the present price gold has advanced and all other commod i tie shave followed silver in other I 1 words it requires a larger amount of silver wheat cotton or any any other production to balance the appreciated precia ted teel value of gold gold being recognized as the only money metal it at onoe once becomes scarcer and more inore valuable and a larger amount of all other commodities must be given in exchange for gold when silver was recognized as a m minting in t in g me metal W it w was as w worth art h 12 9 an ounce and wheat was worth per bushel when silver went to go 90 cents an ounce wheat declined to 85 cents and when silver struck the 60 cent mark wheat went down to 50 cents this is true of all the food products as well as the whole list of commodities including land live stock and the price of labor when gold goes up everything else goes down except taxes interest and debts the effect of this i bears hardest on the producing and debtor class if a man borrows and wheat is per bushel or labor per day he can pay the debt with one hundred bushels of wheat or with fifty days labor but with the advance of gold money and the decline in all other values it requires him to raise two hundred bushels of wheat or to labor one hundred days to discharge the debt this of course is to the advantage of the money lender should he want to purchase any commodity his gold dollars with their appreciated value would get for him twice aa much as it would if there was a compe competing ting dollar in circulation and this is one reason the goldbug does not want the silver dollar to be put into the channels of trade money itself is is not value it is only the me measure ure of value A man who loans one hundred doran dollars dwa does not loan value but merely its representative when a loan is repaid it requires the surrender of labor or of some commodity or p product product of toil either of brain or muscle when money the representative of value is scarce it requires tures ino more re toil brain and muscle to obtain it money is called the yard stick of trade let jet us have hare two yard sticks I 1 of equal length one of yellow metal and one of white metal one is not enough eno ugh to do the bui business iness of the country and as long as we try to do business on a single standard just so long will the money market be bullish and the product market bearish when we get a money competitor in the field in the shape of free sil silver then and not until then will there be an equilibrium in trade |