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
Jones, John P. (John Percival)
Silver question -- Speeches in Congress
-------------------+----------+---------------------------------------
| | Average price of the year ending
| | June 30--
| +--------------------+------------------
Commodities. | Unit of | 1873. | 1889.
| quantity.+-----------+--------+--------+---------
| | | | | In
| | In | In | In | silver
| | currency. | gold. | gold. | bullion.
-------------------+----------+-----------+--------+--------+---------
Bacon and hams | Pounds | $0.088 | $0.077 | $0.084 | $0.108
Butter | do | .211 | .184 | .166 | .212
Cheese | do | .130 | .113 | .092 | .118
Corn | Bushels | .617 | .539 | .508 | .650
Cotton: | | | | |
Unmanufactured, | Pounds | .188 | .164 | .099 | .127
not sea Island | | | | |
Cloth, colored | Yards | .166 | .145 | .065 | .083
Cloth, uncolored | do | .162 | .142 | .068 | .087
Iron and steel: | | | | |
Bar-iron | Cwt | 5.480 | 4.784 | 3.183 | 4.074
Pig-iron | do | 2.498 | 2.181 | .953 | 1.220
Railroad-bars | do | 4.114 | 3.592 | 2.169 | 2.776
Lard | Pounds | .092 | .080 | .076 | .097
Leather | do | .253 | .221 | .185 | .237
Rice | do | .071 | .062 | .055 | .070
Sugar: | | | | |
Brown | Pounds | .092 | .080 | .056 | .072
Refined | do | .116 | .101 | .066 | .084
Wheat | Bushels | 1.312 | 1.145 | .874 | 1.119
Wheat-flour | Barrels | 7.565 | 6.604 | 4.703 | 6.020
-------------------+----------+-----------+--------+--------+---------
What does an examination of this table show? It shows beyond dispute
that gold has risen in value.
A bushel of wheat that, according to the figures of the Bureau of
Statistics cost $1.14 in gold or silver in 1873, and which, as will be
seen by the table, still commands $1.12 in silver bullion, will to-day
bring only 87 cents in gold.
A pound of cotton that in 1873 cost the purchaser, in gold or silver, 16
cents, and which still commands 13 cents in silver bullion, will bring
only 10 cents in gold.
A pound of cheese that in 1873 cost the purchaser 11-1/3 cents in gold
or silver, and which now brings 12 cents in silver bullion, will bring
only 9 cents in gold.
Public-domain text, read in full here on John Shaqi.
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