Show cold an eminent economist in great arlt aln has frayed proved bj by ci comparative table tables of 0 prices that the same about t of good goods can call be bought for LH in gold now which wit il ell would have coat ill I 1 in 1873 be fore silver received iti its fint first blow its a bail basis of this represents an appreciation ir N xu i ui us ss js 11 ll per celt between 14 3 wd and and a I 1 n ine re 9 nil fall it in it li Is dl all nit 0 tm see liow how mr nit G 1 ii cc arild ad arrive ne 4 be did in it a recent pet cli at the con elusion that gold haj bad only varied between 3 and 1 4 per cei t IT IP the present centar cen tur when hen it las ins been proved to dethor itra tiou bat gold guld I 1 U a varied 41 75 per cent during the tb lait last W 0 u years cutup re to th ill a with that of liver riia geld value vf of adver liaa has tie d dicel diced during tl it MS ose 20 years 40 pei per cent but tl it ii Is period tl III ere lim been a general fall in prices of at 4 IS ti 73 per cent it would mould appear tl it at while silver I 1 in as earled w with relation to guli gold Ps relation reli rd illon tion to commodities ha has re to gold I 1 d co istatt or to put it t in an 0 I 1 tf tr par T tl ti a price of vi 1 I eat and the price priced I 1 f silver ave declet fd ed in ili an ap proximately equal ratio durine during the tat last 20 years U lit I 1 aa as really taken place lia abeen nut tot an lai mense decline in t taif r ireat value of IT T v but immense apar elation la in the ai balut us of gold bot its it in trinston value but the be value it receives recel Tei me the unit of value and the th bull buts of ex at change when people talk ot of the ati threatened eitl extinction action of 0 the silver et industry ludu itry they the might as well talk about tl 11 a ll 11 greatened reat ened of the wheat industry Indi imi 1 ml nent pont authorities recently quoted by the auest iou wt t ellier other there ll 11 it DID in fie its firmer in hie the jolted kingdom who ll 11 allowing lot for a interest on capital invested in a a thoroughly soly eat it condi condition conditio tio n and if it tail PCs I 1 live av not yet reached lucli such a pitch on llila this bide tilde of 0 the theair w it tit I 1 only lf knause caia it IP e mortgage talu value of the tb land 1 tacit itself liua bus but abut let been fully eaten ui up I 1 at t hw how many farmers today to day la in the united bdate and lanada are urine living not on it 11 a pro dut of the th farms but on ll 11 a 0 land it tit through the mortgages nort gages they ore are compelled to rali raise on it another authority lar says that 1 atlen I ail the cotton industry of the tb porth of england Is 1 practically bankrupt steu the tb banken bankers of lombard strett way open their eyes to white tie 11 present monetary policy Is I 1 leading them it might leem seem at fint blanci tit that at if it all price prices hare have declined equally equal lr in rela rate lion to gold cold AO no great harm would to ault sulk ai the tb intrinsic val value us of com good ties bai has not changed and a twenty dot dol lar gold piece to cow merely represents tan that much mor mors wheat eat cr c r silver til or copper than it did before pat clor ID to spec tion shows the disastrous remit result 0 I 1 appreciation f t the I 1 lu metal the man ano borrowed lit I 1 1 lu 1813 has banow now to loiell sell ill isaf 76 per cent more of the commodities be if is proda producing 10 la in or der to meet hlf his obligation and the in terent be he haa bait to pay on lili ibis law loan ll 11 it in created creased by uie the lame slime percentage taga in ral rela it tion to the mean be bai has to pay it when it fi Is realized that me state tta teof or 11 feairs applies toabe to abe total prodica loia world it react reacts with tremendous effect affect upon the wage wages and bears very h avylla heavy a lly upon new countries which wille h are nee necMi emalily ema arlly rily heavy debton it li is not d binl I 1 ili cult cut to what people aien wh aliea on they peak speak of t the he present d dep pre reulon ton in trade aa as unparalleled in th the history of ich the modern world Nelson miner |