Breakers Ahead: Cause of the Present Crisis. Falling Prices and Business Stagnation Accounted for ...

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Jersey City Printing Company, 1896 - Depressions - 15 pages
 

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Page 3 - President, when the mariner has been tossed, for many days, in thick weather, and on an unknown sea, he naturally avails himself of the first pause in the storm, the earliest glance of the sun, to take his latitude, and ascertain how far the elements have driven him from his true course.
Page 4 - We declare that the act of 1873 demonetizing silver without the knowledge or approval of the American people has resulted in the appreciation of gold and a corresponding fall in the prices of commodities produced by the people...
Page 3 - ... weather and on an unknown sea, he naturally avails himself of the first pause in the storm, the earliest glance of the sun, to take his latitude and ascertain how far the elements have driven him from his true course. Let us imitate this prudence, and, before we float farther on the waves of this debate, refer to the point from which we departed, that we may at least be able to conjecture where we now are. I ask for the reading of the resolution before the Senate.
Page 7 - Nature, and has so compassed their use, that he has been able to do far more work in a given time, produce far more product...
Page 10 - June 12, 1874, page 4909. * * * I do not care how much you discuss it or how many resolutions you pass, they do not make any difference; you must come to the same conclusion that all other people have — that gold is recognized as the universal standard of value. * * * Do not let us try to deceive the American people; do not let us try to make them believe by some hocus pocus of legislation, that we can give them something of real value, we can give them a measure of value that is better than the...
Page 6 - ... stand to each other in the relation of cause and effect. And the Sutra II, 1,7 has reference to what is contained in the previous adhikarana. Here terminates the adhikarana of 'designation of the other.
Page 3 - ... himself of the first pause in the storm, the earliest glance of the sun, to take his latitude and ascertain how far the elements have driven him from his true course. Let us imitate this prudence ; and, before we float farther on the waves of this debate, refer to the point from which we departed, that we may, at least, be able to conjecture where we are now. I ask for the reading of the resolution before the Senate.
Page 6 - ... was due to the appreciation of gold. And the reason for such default is that it cannot be done. On the other hand, not a single commodity that has notably declined in price within that time can be named, in respect to which clear, abundant and specific evidence cannot be adduced in proof, that its decline has been due to decreased cost of production or distribution, or to changes in supply and demand occasioned by wholly fortuitous circumstances.
Page 8 - ... while in 1898 the output of the United States was 57 per cent more than that of Germany. In 1868 the coal production of the United States exceeded that of France by seventeen millions of tons, while in 1899 the excess of the American over the French product was more than two hundred millions of tons. The increase in the production of pig iron in the United States in this period was 48 per cent. When we consider that it is a generally accepted fact that the rate of increase in the production of...

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