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Show 1 WHAT THE CONFERENCE WILL FIND. The Tale nniverartr department of politiral economy ia becoming anxious beraune the t'vaw-ford-Sulxer bill ia being held for ao long in the houaa. The bill ealla for the creation of an in-tc in-tc national conference on the eont of living. ' The bill paaaed the aenate nnanintoualy laat i apring and the Yale contingent point out that I if the bill ia not paaaed during the pn-aeut b-b-1 aion, the work will all have to be done over again. We hope the bill will pana. that the confer A t 3 1 . 1 Ia - : Ienca may ua arranged ior anu ine raiiu ui in-vratigation in-vratigation made pttblir, Waiia? in that ay not only the eonfrrrnr but thr prolw (trncially t will begin to realize the truth of their old con- viction that the cot of living drprnd upon the amnant of money in (irnoral eirrulatioo in any k rountry, the only variation being wheal middle- men interpoae and pi are arbitrary tariff on food, j; The American people do not aeem to under; aland the direct connection between the volume . of money in a-country and the coat of living. ! They have emtmplea enough. Thc're ia very little money in circulation in China and the dttnand t ; for food ia greater there than in' any other na- ' tion, but the price are very low, pc.rhap 'one-tenth 'one-tenth of what they are in the United flat ca. Or. in other worda, they are juat aa much lower in 'j China, ai in the United States a the amount of . money in circulation in China ia lea than that of t our country. . . I i Other than educating the people aa to what ' caueea high and low price of food, we see no object in the conference, beeauae tli increaae ia V general all, around the oivi)iaed world, and it la dir to the fact that in the laat few yara auch an amount of real and credit money haa been flo"atd-i-)niethLng "never heard of before, aame-' aame-' hing never dreamed"" of before- and if Jhere ahould bejjrin calling in. of the credit money ' which haa been iaaued on the strength of the real money, price would tumble at once down to pr-haps pr-haps what they were -then our congreas In 93 finally demonetiied ailver. - That Isw praeticslly changed hslf the money of the world into commodity. That is, there waa only half as much money for people to pay their debts with sa there had been before; and had eur country bcen( alone, the fall in price would have been immediate and juat 60 per cent. And wn this conference meets aud seeks on the ouUide to Bud aoine rcaaon for the present high rate, they will have to admit, if they go far enough, that lhcy arc wholly due to the in- creased volume of real and credit, money, aave in places where middlemen hsv'e interposed t '. rob com m up it ir ' ; . The reaeon fur the misunderstanding of the ' people aa to the csuae is due to the preaching ' which' those intereated had put out that the vol. ' ume of money made.no difference to the coat of '.anything, put out by t how who wanted to destroy de-stroy silver that they might control, a. they ever , aince have, the gold of the United Ktatea. |