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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
Lamar Register
Location
Lamar, Colorado, United States of America
Date
Sep 19, 1896
Page
7
A practical farmer argues ownership of a good local farm beats a mine, by showing how factory activity fuels demand for farm produce. The piece links full employment, higher wages, and robust demand to protectionism, arguing free trade hurts workers and farmers alike. It cites a 1592 free trade vote and assigns blame to free trade for prosperity decline.
The piece questions if a National Silver Trust can revive silver value and explains price determinants. It notes that price moves with costs, not fixed by trusts, and compares historical metal ratios, mining costs, and global shifts toward gold in England France Germany and Austria. It also hints at protectionist political rhetoric rising.
Rev. Dr. J. M. Buckley during a Lake Chautauqua Assembly session discussed free coinage of silver. He noted it would shrink foreign mission incomes paid in gold, forcing larger fund-raising, with examples from India and a denomination sending about $800,000 in gold annually. He recounted gold price swings during the Civil War era and its effect on contracts.
The article notes that Japan's silver based currency has devalued wages as commodity prices surged. From 1889 to 1894 sugar and other essentials rose sharply while carpenters' daily pay increased only modestly, leaving workers poorer despite nominal wage gains. Rice beans salt tobacco prices and other costs climbed, eroding purchasing power.
The passage derides the silverites plea for cheap dollars. It argues a 16 to 1 free coinage law would hoard $600,000,000 in gold at a premium near 100 percent and push it from circulation, not create more money.
The passage notes that sarsaparilla comes in grades and consumers seek the best. It asserts that while the items may be the same category such as tea or flour, quality varies by grade. The emphasis is on choosing superior products based on refinement and standards.
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