Show c c cOID cOLD OID SILVER AND PRICES J It Il VIII trill rio no that tho cost or Of Waa tho subject or of a concurrent resolution In Inthe the tho house Houle on e b by tatlo Hull of oC Tennesee It provIdes lot fOl n a joInt of r seven soven mom mem bI or 1 tho tim House and five members or of tho Senate to Investigate conditions rind report what remedies mn may bo er ef d through legislation 1 Wilson too has hs ordered a inquiry irto the tho cause of the cost of livIng flying In Inthe Inthe the United States I 1 realize Secretary Wilson That wo vo haV i big contract lint bUI we CM carr It out Wo 0 havo the themen themen men and wo w havo the mone mOney The Tho work will bo done thoroughly Much work will bo be done b by In inspectors or of bureau or of animal Industry but r dIvIsions of the tho will r I I Tim Tho country hM has awaiting with Int rest some moo ruI Thero can bo be little doubt that the tho j In prIces Is generaL It embraces II I I ever everything grown or manu mann t I I and the Increased co cost t Is so striking that the tho underlying cause of it nil all I Is being sought by almost every i ct e person I cause ie 11 no doubt tho 1 I I cd gold production EconomIsts have havo havel l always taught that there Is a dIrect II i relation between average current prices and the tho quantity or of the tho money In cIrculation When the tho pro 1 or of the metal that Is the basis I Ij ri of value Increases prices rIse hen henI I IL this production falls short or of tue tho thoI I I lVer e prices raIl fall raIlI I it Is j given out that the total I colli production of the world In 1896 1826 j as In InI i it po It was an I I 1 I r f bore thore than per cent In thirteen I f I It Is confidently predicted that 1 h by the end of the tho first decade of this t ti i I tf century the annual production I 1 willI 1 I T Though the gold 11 is the food supply upp r in 11 short The Tho great grea t 11 I i volume or of gold In circulation hM has helIT I eti d o ralso tho prIces at o t i i in I j Tile rHe rise In prIces In the states has hIlS been continuous since 1896 t I II t Acc to recent statistics It ap apI appears I pears that the tho for I Ireat great reat staples hM has been as rollow Corn an Increase or of por cent centI I Wheat an Increase of 9 94 per po i cent Po Potatoes tutorS an increase or of per er cent centI N Notwithstanding the tho advent adent or of tim tho timI I I I automobile hors hores 8 and mules show I I f an Increase In value aluc of more marc than per cent Much cows an in increase I cre crease e In value or of 32 per cent per cent and swIne sine 10 per cent II Standard sheeting shows un an Increase II l I n In of at GO per cent print cloths i J I 1 an Increase of at 65 per ent cont while J the price of cotton tOday Is higher than for many cars past pastI I i Ohio fleece wool In the Eastern mar marbet I bet shoWs an increase or of por cent I 1 0 over the or of 1896 I I 1 j Lard has gone gono up per centS cent In inthe the sanio ame period of which U 49 per por cent centt I was lens the tho increase during the he past year t t Pork is III per cent higher In the tho 0 single yeal car from 1908 to 1909 It i ii f il I d In an advance or of fiG 56 per cent centI I 14 Is not much or of this Increase due to the depreciation of gold Mining ex cx experts ports ay that the tho production or of gold goldI I 1 a matter or of InfinIte search an and great hazard the dream or of the tho ad adventurer i I and the he argonaut has be bc beI I come a matter of almost exact de demonstration t I b by the engineer and the I II Improved machinery i 1 ed cd knowledge and We use or of al alI I processes for treating refractory ore are i 1 tI anti and above all Improved transports I If tion t facilities have made mining prop properties II that without them would bo be 1 I iii 1 worthless the rIchest and most tlc de J gold geld producers In the world t U It Is estImated that i the total worlds s sI l I II I production oi of gold old from 1492 to 1909 1900 I L I i was When It Is I ro re roi rei i j that some somo ot or the tho gold JOld per t ha hap most or of It that tho wa was In inthe ii the caravels caravela b by Columbus Is still sUll In Ini i II j J use It Is clear that the annual Irro iio I i t I 5 Is just so much added to the I accumulated of the past I J JI j The varying production or of gold geld I r creates a t condition or of rising Or rolling falling t r rl prices Ono One money metal merol will more than two such metals and when 4 I I ani one metal Is the tho bis ls of money r valUe aluc the purchasing power of money I I r wilt will fluctuate more that than If IC there h i ia a double or multiple standard ot at otI atI I I value b It Is very cry like likely that If sliver silver had hadI i I 1 been left undisturbed as a mane money I I metal the tho variation In prices would I I have been much less than It Il actually all allI I V Is toda today And When wo l r that every vIsible points to a If II I continued increase In the I I d of at gold and that In the opinion ot at I I f the most profound students or of orI S I geology the development ot of mInes and andS I ti S tite tho production o geld Id is II In its In inS I S I fancy tane we can that 1 V f h prices are arc likely to so go lUll higher higherS i S 11 4 Perhaps It wilt will be found necessary I to silver shiver In order to stay i Ii further advances In the average price p of commo S J rite worlds production ot of old In I 1908 shOwed showell an Increase or of 31 r I Accor to according the estimate ot of otI I S I the DIrector of the MInt The pro or of silver Increased nearly 10 I Our own gold product ed cd by four millions but fell rell ate ef I nearly as much This shows that silver and gold to SS gether cether would have equalized the tho pro r 1 9 of money metals and would a have been steadier Durin During the middle ages tho worlds of gold old remained nearly ala Substantial increases began soon seen after the discovery or of Amen AmerI AmerIca ca but the yield of the last ten years alone has hns been more than ter OS as great as the total output or of orthe the tho world sinco Columbus landed on San salvador The present conditions Inn may lead to toa toa a renewal or of the agitation for the re no of sliver silver |