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Decline in Farm Prices. There is no better illustration of the ruinous consequences flowing from the adoption by the United States of the single gold standard than a comparison of the prices of agricultural products at the date of the demonetization of silver with the price now.

The Secretary of Agriculture has recently issued, under date of July 24, 1896, a circular showing the area devoted to grain, the production, the aggre. gate value, and the average value per bushel for thirty years, beginning with 1866 and ending with 1895. It will be observed that since the demonetization in 1873 there has been a decline in every line of farm products. That decline has been continuous and most disastrous. The following is, in part, the Government report upon the subject:

Acreage. Production, and Value of Principal Farm Crops in the

United States, 1873 to 1895. •

CORN.

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1873... 1874..... 1875 1876........ 1877 1878.. 1879.. 1880. 1881. 1882 1883. 1884. 1885.... 1886... 1887. 1888 1889. 1890 1891.. 1892.. 1893. 189. 1895.......

Bushclo. 932,274,000

850.148.500 1.321.069,000 1,283,827,500 1,21:2,558,000 1,388,218.750 1.547.901.790 1,717,434,543 1,194,916,000 1 1,617,025,100 1.561,066,895 1.795.528.000 1,936,176,000 1.665,441,000 1,456,161.000 1.987,790,000 2. 112.892.000 1.489,970.000 2,060,154,000 1,628,464,000 1.619 496,131 1.212770,052 2,151,138,589

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$147,183,020
550,013.080
555, 115,930
475,491.210
480,643,400
441,153, 405
580,486,217
679,714,499
759,482,170
783,867,175
658,051,485
610.735,560
635,674,630
610,311,000
646,106,770
677,561.580
597,918,829
754.433 451
836,439,228
642,146,630
591,625,627
554.719,162
544,985,534

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Acreage, production, and value of principal farm crops in the United States, 1873 to

1895, etc.-Continued.

WIEAT.

Calendar year.

Production.

Area.

Value.

Average value per bushel.

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Cents.

115.1

94.5 100.8 103.8 108.4

1876..... 1877....... 1878. 1879..

1880.

1881...

Bushels. 281,264,700 308,102,700 292,136.000 289,356,500 361,194,146 120,122,100 148,756,630 198.519.868 383,280,090 501,185,470 421,086,160 512,765,000 357,112,000 407,218,000 156,329,000 +15,868,000 190,560.000 399,262,000 611.780.000 515,919.000 396,131,725 160,267, 116 107,102.947

1882. 1883 1884. 1885. 1886 1887 1888. 1889. 1890. 1891. 1892. 1893. 1894.

Acres,
22,171,676
21,967,027
26.381.512
27,627,021
26,277,546
32.108,560
32,545,950
37,986,717
37.709.020
37,067,194
36,155,593
39,475,885
34,189,246
36.806.184
37,641.783
37,336,138
38. 123,859
36.087.154
39.916.897
38,554,430
34,629,418
34.882,436
31,017,332

$323,591,805
291,107,895
291,580,990
300,259.300
394,695.779
326,316,424
197,030,112
474,201,850
456,880,427
445,602,125
383,649,272
330.862.260
275,320,390
314,226.020
310,612,960
385,218,030
342. 191.707
334,773,678
513, 172.711
322,111,881
213,171.381
225,902,025
237,938,998

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1895..

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1873. 1874. 1875. 1876. 1877. 1878. 1879.. 1880. 1881. 1882... 1883... 1884

Bushels, 270,340,000 240.369.000 351,317,500 320,884,000 106,394,000 413,578,560 363,761,320 417,885,380 416,181,000 488,250,610 571,302,100 583,628,000 629,409,000 624.134.000 659,618,000 701.735000 151,515,000 523.621.000 738.394,000 661,035,000 638,854,850 662,036,928 824,443,537

Acres,

9,751,700 10,897,412 11.915,075 13,358.908 12.826,148 13,176,500 12,683,500 16,187,977 16.831.600 18,191,691 20,324,962 21,300,917 22,783,630 23,658,174 25,920.906 26,998.282 27,462,316 26. 131.369 25,581.861 27,063,835 27,273,033 27,023,553 27,878,406

$ 101,175,750
125,047,530
129,499.930
112,865,900
118.661.550
101,945,830
120,533,294
150,243,565
193 198,970
182,978,022
187,040,261
161,528,170
179.631,860
186.137.930
200.699,790
195,424,240
171.781,008
222.048,186
232,312,267
209,253,611
187,576,092
214,816,920
163,655,068

Cents.

37.4 52.0 36.5 35.2 29.2 24.6 33.1 36.0 46.4 37.5 32.7 27.7 28.5 29.8

1885.

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1886. 1887. 1888.. 1889.

1890....

1891.... 1892. 1893...

27.8 22.9 12.4 31.5 31.7 29.4 32.4 19.9

1894.

1895.....

Acreage, production, and value of principal farm crops in the United States, 1873 to

1895, etc.—Continued.

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*No estimate of crop prepared by U. S. Department of Agriculture for 1889 to 1892.

Acreage, production, and value of principal farm crops in the United States, 1873 to

1895, etc.—Continued.

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Buxhels.

7,837,700 8,016,600 10.082,100

9.668.800 10.177.000 12:246,820 13.140,000 14.617,535

9,486,200 11.019,353

7.668,954 11.116.000 12,626.000 11.869.000 10,844,000 12.050.000 12, 13:2.311 1:2.668,200 15,341,399

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* No estimate of crop prepared by U. S. Department of Agriculture for 1889 to 1892.

Acreage, production, and value of principal farm crops in the United States, 1873 to

1895, etc.-Continued.

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* No estimate of crop prepared by U. S. Department of Agriculture for 1889 to 1892.

In 1895, Mr. Hatch, of Missouri, submitted from the Committee on Agriculture a report on this subject, from which we quote as follows:

"Class legislation of the worst character encumbers the statute books, and has been carried on to the detriment of agriculture and its dependent industries for thirty years, culminating in the crime of the age, the demonetization of silver in 1873.

“The demonetization of silver was a bold stroke in the interest of capital that has reduced the value of every product in the world. This is con. clusively proven by the fact that just as silver has depreciated, in like proportion have all other values fallen in the scale. Silver bullion to-day has the capacity to purchase as much wheat, cotton, pork, corn, and land, and every other commodity that it ever had, therefore the depreciation of the white metal simply means the depreciation of every article under the sun, with one single exception, the gold of Shylock.

“ The Prime Causes.

“Therefore, is the most heinous financial legislation that the world ever saw; legislation that has struck down every industry by robbing agriculture of its capacity to pay its debts and purchase necessary supplies—legislation that affects manufacture, commerce, labor, and transportaion alike, in destroying their best and largest customer-agriculture,

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