Show low lov bligh leasck cesi small frocil edward atkinsons essay I 1 lu the august Vent venturia uril under tho the above tibb accompanied by ob quote tho the following introduction ebion the maindi ot of many persons havo been anil and aro are greatly disturbed because there has been in in recent years fears a great reduction in in the prices of nearly nil all th tha atad leading ing ar articles ic as of commerce the principal decline i dating datin g substantially from the year 1873 chis decline in in prices began soon after the iho war in the united states but the tha g general ameral decline in in lill all countries on a specie P basis tria may y bo be dated from 3 by whatever standard prices are measured and there are ara many carefully ily compi compiled lod tables tho the aver average aize is is torand to be lower at the present time than oper at any pencil iod since bince a date anterior to aba year 1850 in in which year the great supply ot of gold from califor uia uia not and a little later from alfs australia fralia began to effect the volume of tho the money metals of the world in most of the discussions of tho the money question the groat great full fall in p prices r ices has been treated as aa it it we were re a it is is often lie held id that an any y measure of legislation ought to be adopted which might tend to check it Is not this a very partial and ono one sided aided view of the subject some soma one las has wisely and wittily said that it it does not much matter what happens to the fall millionaire leonaire lio how is n it wita ih millious milli 1 I it if it dball appear ap ap pp ar that out of this great pi oat reduction le I 1 in n I 1 prices tho the millions ba havo vo gained big higher b or wages gaea that hundreds of chousa thousands thou sanda 11 da of law families cheet have gal nod better homes and greater corn com jort fort in in life while those who have but ant temporary loss have been only the rich who have been incapable of adjusting themselves to tho the new law col conditions dit ions or the unskilled poor who have boon been unable to grasp the groat great or er opportunities for wel welfare lare which in in fention has offered them than may wo we not corao como to jo the conclusion jou that diminished profits and low prices art are merely the he complement of libber wages and lower coet coat all and are there tore fore most certain indications of 0 general progress pio greas from poverty to welfare yet still leaving the problem open how bow to help the no unskilled killed peorl it will be that it has bee that so far us its ilia ho graat mass of people of this and ol of othar lands are concerned about one half the he cost coat of af living ii n the be price paid for foi the he materials for food the cost of food to coni common mon laborers loreia la who have families miliea fa to support being us it ral much more than oue oc ehalt b bit theu their income ahe the question of interest to those who assimo to be ba strictly thi ilia vi cl claires aises 19 is not so much what the price of the of life lifa may ile be as it 1 is how many portions of food fuel and a clothing each ono one can buy at I 1 the be retail shops in fit which they deal cleat find and bo how guad a shelter each one cain prot iro cura coto for one ilaya days or one ona years yeara pern earn ings in other words what is or what t h baa as been the value of a days labor when converted into the tha corn coin modifies which are necessary to ex ia 11 tence ilace |