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Money: Speech of Hon. John P. Jones, of Nevada, on the Free Coinage of Silver; in the United States Senate, May 12 and 13, 1890 — John Shaqi

Money: Speech of Hon. John P. Jones, of Nevada, on the Free Coinage of Silver; in the United States Senate, May 12 and 13, 1890Jones, John P. (John Percival)

History

Money: Speech of Hon. John P. Jones, of Nevada, on the Free Coinage of Silver; in the United States Senate, May 12 and 13, 1890

Name: Money: Speech of Hon. John P. Jones, of Nevada, on the Free Coinage of Silver; in the United States Senate, May 12 and 13, 1890
Author: Jones, John P. (John Percival)

Jones, John P. (John Percival)

Silver question -- Speeches in Congress

THE FALL OF PRICES SINCE 1873.

It is a fact not disputed anywhere but universally admitted, that for
many years past the prices of all articles entering into general
consumption among the people have been steadily falling. It is obvious
that the industrial conditions prevailing since 1873 are but a
repetition of those above described as following 1809--with falling
prices, constant unrest, and universal discontent.

The following table, compiled from figures published by the Bureau of
Statistics of the Treasury Department, shows the average range of export
prices of the articles named for each year since 1873:

  _Annual average export prices of commodities of domestic production
  for each year from 1873 to 1889, inclusive._

  ------+----------+----------+----------+--------+--------+--------
   Year |   Corn   |  Wheat   |  Wheat   | Cotton | Leather| Illumi-
  ending|    per   |   per    |  flour   |(upland)|  per   | nating
   June,|  bushel. | bushel.  |   per    |  per   | pound. |  oils,
   30-- |          |          | barrel.  | pound. |        |refined,
        |          |          |          |        |        |   per
        |          |          |          |        |        | gallon.
  ------+----------+----------+----------+--------+--------+--------
        |_Dollars._|_Dollars._|_Dollars._|_Cents._|_Cents._|_Cents._
   1873 |   .618   |  1.312   |  7.565   |  18.8  |  25.3  |  23.5
   1874 |   .719   |  1.428   |  7.144   |  15.4  |  25.2  |  17.3
   1875 |   .848   |  1.124   |  5.968   |  15.0  |  26.0  |  14.1
   1876 |   .672   |  1.242   |  6.216   |  12.9  |  26.2  |  14.0
   1877 |   .587   |  1.169   |  6.488   |  11.8  |  23.9  |  21.1
   1878 |   .562   |  1.338   |  6.358   |  11.1  |  21.8  |  14.4
   1879 |   .471   |  1.068   |  5.252   |   9.9  |  20.4  |  10.8
   1880 |   .543   |  1.245   |  5.878   |  11.5  |  23.3  |   8.6
   1881 |   .552   |  1.114   |  5.668   |  11.4  |  22.6  |  10.3
   1882 |   .668   |  1.185   |  6.149   |  11.4  |  20.9  |   9.1
   1883 |   .684   |  1.127   |  5.955   |  10.8  |  21.1  |   8.8
   1884 |   .611   |  1.066   |  5.588   |  10.5  |  20.6  |   9.2
   1885 |   .540   |   .862   |  4.897   |  10.6  |  19.8  |   8.7
   1886 |   .498   |   .870   |  4.699   |   9.9  |  19.9  |   8.7
   1887 |   .479   |   .890   |  4.510   |   9.5  |  18.7  |   7.8
   1888 |   .550   |   .853   |  4.579   |   9.8  |  17.3  |   7.9
   1889 |   .474   |   .897   |  4.832   |   9.9  |  16.6  |   7.8
  ============================================================
   Year |  Bacon   |   Lard   |   Pork,  |   Beef,  |  Butter
  ending| and hams |   per    |  salted, |  salted, |   per
   June,|   per    |  pound.  |   per    |   per    |  pound.
   30-- |  pound.  |          |  pound.  |  pound.  |
  ------+----------+----------+----------+----------+---------
        | _Cents._ | _Cents._ | _Cents._ | _Cents._ | _Cents._
   1873 |    8.8   |    9.2   |    7.8   |    7.7   |   21.1

Public-domain text, read in full here on John Shaqi.

Money: Speech of Hon. John P. Jones, of Nevada, on the Free Coinage of Silver; in the United States Senate, May 12 and 13, 1890

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