If Not Silver, What? by John W. Bookwalter
page 20 of 93 (21%)
page 20 of 93 (21%)
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States as a whole, including even the intensive farming near the cities,
the reduction of annual income is a few cents over $6 per acre. Thus something like $1,800,000,000 has been taken from the farmers' annual income, and the farmer being just like any other man, in that he cannot spend money that he does not get, this withdraws $1,800,000,000 from the manufacturers' and general market. In view of these figures--and if anything I have understated them--what conceivable good would a raise in the tariff do the manufacturers so long as our farmers must sell on a gold basis and be subject at the same time to the rapidly increasing competition of silver basis countries? I have said nothing of fixed charges which do not decline, or of the cost of the federal government, which steadily and rapidly increases. Have you heard of any decline in official salaries, taxes, debts, bonds, or mortgages? =That is plausible at first view, but it cannot be true as to the country generally, because wages have risen; or at least they had risen continuously till 1892, as is clearly shown in the Aldrich Report.= The Aldrich Report is a miserable fraud. It does not so much as mention farmers and planters or any of the laboring classes immediately dependent on farmers. It gives only the wages of the highest class of skilled laborers and in those trades only where the men are organized in ironbound trades unions which force up the wages of their members. Take the lists and census and add the numbers employed in every trade mentioned in that report, and you will find that all together they only amount to one fourth the number of farmers, or about 12 per cent. of the labor of the country. Furthermore, it takes no account whatever of the immense percentage of men in each trade who are out of employment. One who didn't know better would conclude from it that our coal miners worked 300 days in the year, and |
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