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About The daily morning Astorian. (Astoria, Or.) 1883-1899 | View Entire Issue (Aug. 23, 1896)
I III THE DAILY ASTORIAN, 8UNUAY MOKM.VO, Al'OUHT 23 18. THE KIMBALL PIANO The Ideal Piano of the Musical Artists OF TWO HEMISPHERES. A Few of the Many Celebrities Who Use and Endorse Them ADELIHA PATTI. - IIIIIAN RUSSELL. EMMA EAMES, HE, W DER VEER GREEN. . "Tho Kimhiill Piano has a "The inoro I ue my Kim- "I am charmed with the "The Kimball has every wonderfully sweet and nyin- hall Piano the better I like beautiful Kimball Piano." merit attainable in the art of pathetic tone." it." Piano making." 384 COMMERCIAL ST. "I have never used a more satisfactory Piano than the Kimball." waiter mm, The Kimball Piano has pure, refined and owerful tone." 'The Kimball Piano is per fect in every respect." 384 COMMERCIAL ST. A large shipment of the Renowned Kimball Pianos and Organs is now being sold in Astoria by the Manufacturers at Manufac turer's prices and on Liberal Terms. The Regatta Resort THE MUSIC HALL J. KEATING, Prop. After I Ho Uncox, Tikc Hie Hoot for .SEASIDE. Where Alex. Gilbert's Resort . . . OPFKH9 , .. Amusement and Refreshment Dancing Every Evening THIS RESORT Has long been the Favorite Place of Amusement in Astoria. Fine Orchestra. Only the very best Brands of Liquor and Cigars. flSTOR ST. : : ASTORIA, OR. Free Pavilion for Dancing Parties Ocean Breezes! Bonfires by Night ! Clambakes on the Beach kUORtaaflUIU (13110. MANHOOD RESTORED. frsfrS BHfwtn4 to smvmh 4tMBMa hAm a'wMwa Ciiat PVaAa SW, vfaSpAMnMO, WlSt HMrtHM WlnhUy ntaaMSj jtmrmmmmm. all ntm. tmm aifemm fl OTn t mKbmr mk The Bee Hive Astoria's Most Popular DRY GOODS AND GENERAL MERCHANDISE Store. Headquarters for Regatta Shoes, Caps And Ribbons. Everything in Dry Goods AT PRICES .THAT WILL f. W. CONN, Agant. Astoria, If you want to buy call at the BEE HIVE, COMMERCIAL STREET. THE MONEY QUESTION Straightforward Questions and An swers on the Political Situation. .loiey ot the laited States Largely In creased World's Troductioa of Gold Is Enormously Colarged. From "Gold or Silver." The purpose of thin series of ques tions and answers Is to put. In simple form, the problems raised by the free coinage controversy with a plain an swer to each. All statistical (acts given are transcribed from official publica tions, and a list of all authorities used Is published at the end of the Cate chism. Question What is the fundamental claim of the free-coinage advocates? Answer They claim that the amount of money In circulation has been de creasing since the demonetization of silver, and that this decrease has caus ed a general fall in prices. Q. Is It true that the money supply has been decreasing? A. It is not. Q. What are the facts? A. So far as the United States Is ooncerned, there has been an enormous Increase. In 1S60 .the money In circa latlon In this country was $442,102,477; in 1872 It was 1738,309,549; by the treas ury bulletin at the opening of the pres. ent month, it was tl.521.584.2S3. Q. What does this show? A. It shows that our money supply has increased 240 per cent as com pared with 1860, and 106 per cent as compared with 1872. Q. Has the money supply Increased faster than the population? A. Very much faster. Q. How do you prove this? A. By dividing the total money In circulation at each date by the total population at the same date, and thus finding the circulation per capita. Q. What does such a process show? A. The per capita circulation of the United States on July 1, 1860, was $14.06; on July 1. 1872, it was $18.70; at the opening of the present month in 1896 It was $21.35. Q. But has not the money supply of the world at large been decreasing? A. On the contrary, it has been In creasing rapidly. Q. How Is this proved? A. By the statistics of new gold pro duction. Q. How large has this production been? A. The reports of the Director of the mint, which are ackuowledged au thority, show that from 1S73 to 1S94 In clusive the world's total new gold pro duction has been $2,526,834,900. Q. Is this new product of gold In creasing or decreasing? A. It Is Increasing with enormous rapidity. Q. Give the figures. A. In 1873 the world's gold produc. tlon was $96,200,000; in 1SS0 it was $106 436,800; in the year 1S90 it was $U8,849,. 000; in 1894 It was $180,626,100; for the year 1S95 the exact total Is not yet com piled, but it Is closely estimated at $199,500,000. Q. What does this mean? A. It means that the amount of gold annually added to the world's money supply has more than doubled in the last twenty-three years. Q Is not this annual rate of pro duction liable to decrease? A. On the contrary, all experts In the American. Australian, and South Af rican gold fields look for a further and very heavy Increase over the present rate of production. Q. But has not the present disuse of silver with full coinage facilities cut down the total annual addition to the world's metallic money supply. A. It has not Q. Why? A. In 1S73 the world's gold produc tlon was $96,200,000; its silver produc tion $81,800,000; total, $173,000,000. Last year the production of gold alone was $199,500,000. Q. Was not the combined annual production of gold and silver larger than this in the "bonania days?" A. It was not. Q. What was the highest record of that period? A. Between 1856 and I860 the world's average annual production of gold was $134,083,000; of silver, $37,618,000; total, $171,701,000. or less by $27,800,800 than last year's production ot gold alone. Q. What are we to say, then of the argument that the money supply, since free coinage was abandoned, has been contracting? A. That It is utterly false as applied to the world at large, and especially so as applied to the United States. Q. It Is true, nevertheless, that the price of wheat and many other farm products has fallen heavily? A. It Is. Q. How are such declines, in wheat, for Instance, to be explained? A. By the enormously rapid Increase in grain-growing area throughout the world. Q. Has this Increase been especially rapid since 1S72? A. The increase In grain-growing area in this period, especially In North America, South America, and Asia, has never been approached in any equal period in the history ot the world. Q. How do we Judge of actual com peltlon In the sale of wheat? A. By the supplies thrown annually on the world's great distributing markets. Q. What market in particular? A. England, where most of the buy- in? nations go to purchase their grain. Q. What are the figures? A. As recently as 1SS0, Great Britain Imported, for consumption and re-ex- oprt, 55,251,924 hundred weight of wheat a large Increase over the pre ceding annual average. In 1895 it im ported 81,749,955 hundred weight. Q. What has made possible this re markable Increase in wheat produc tion? A. The exceedingly rapid develop ment of transportation facilities In newly cultivated grain countries, among them India, Russia, and the Ar gentine Republic Q. Has there been an increase in the United States? A. An enormous increase. Q. How large? A. In 1875 there were 26.3S1.513 acres ot wheat cultivated in this country; in 1891 there were 39,916,897, an Increase of 50 per cent. The yield in 1875 was 292. 136,000 bushels, a heavy Increase over preceding years. In 1S91 the yield was 611.7SO.000. Even last year, with a great ly reduced acreage and a partial crop failure, the yield was 467,100,000 bushels. Q. Has the yield of other crops in creased correspondingly? A. It has. Q. Give instances. A. The cultivated area of corn In the United States In 1871 was 34,091. 137 acres; In 1891 It was 76,204,515; in crease, 124 per cent. The yield ot corn last year was more than double that of i any year prior to 1875. Both the acreage and the average annual yield of oats have doubled since 1871. Our cotton crop in 1894 was 50 per cent greater than In any year prior to 1887. Q. Was a decline In grain and cot ton prices, under such conditions inev itable? A. As inevitable as a decline In the price of clothing, or furniture, or books, or steel rails, or pens, when competition in their manufacture has extended enormously. Q. Would free coinage help the pro ducers of grain to a larger profit, under such conditions? A. Not in the least. A. Because if the nominal prive ot grain were to rise through Inflation ot the currency, the price of everything else would rise also, and the farmer would be relatively no better oft than he was before. Q. Do the free coinage advocates use In their speeches these statistical facts which we have examined? A. They do not. Q. Can the subject be understood without examining them? A. It cannot; the whole Question rests on these tacts regarding money and production. Q. Why do the free-coinage speakers not use thesa, facts and figures? A. Because the facts and figures are against them. Q. Is there any dispute over the truth of the figures quoted in these an swers? A. They are undisputed even by free- coinage men. They are taken from the reports of the United States treas ury, of the department of agriculture, of the director of the United States mint, of the United States bureau of statistics, and ot the British board of trade; all of them, in their respective spheres, the highest known authority. 4S U.