Why Prices Are Low

A person who has secured some notoriety us a statitieian writes to a Chicago paper and presenta an array of figures to demónstrate that the United States will export fifty million bushels of wheat for the current fiscal year. This is probably true, and yet many of the reasons given for the conclusión whioh has been reached are wholiy fallacious. The object of the correspondent of the Chicago paper appears to be to induce farmers to holdback their wheat for inarket. He is something of a marplot, and will be gratified with tho ovidenco which the colunias of the Woiid of yesterday aft'orded that such a result has been effected. Growers of wheat and cotton may reasonably complain of the prices which those great staples cemmand in the markets. But they themselves are mainly at fault. They have refused to pormit the adoption of measures to restore tho currency to a specie basis - the one step necessary to the ribuildiug of eonfidunce and the revival of business. They have given a great shock to mercantilo spirit by following Morton and Logan and Morrimon and Ferry in their proclamation of the essence of repudiation. Thoy have virtually said to the capitalists and the manufacturera and the mechanics of the country, " We inteud to rob you." With such a warning, the threatened people keep their aftairs as closely as possiblo. They will undertake or favor no new enterprii.'s, iind with such "dull times" as such i state of feeling naturally begets, prices }f raw materials, of farm products, must i riile low, nnlcssan absolute scarcity exist. With a resumption of specie pavraents therë might reasonably be expected such a return of confiderjce, and such a revival of activity in the various walks of triule and commeroe, that it would be no great risk to guarantee to the growers of uheat and cotton botter pricea iu gold tlian thuy are likely to reeeive in dopreciatod curreney. Lot us hope that the experienoe of the yoar before thom will teaoh tliem what a robber of every juet producer an irredeemablo curreney is. - Jr. Y. World. After tho Prosecuting Attornoy had heapod vituporation upon tho poor prisoner without counsel, the Judge asked him il' ho had anything to say for himself. "Your honor," replied the prisoner, "I aak for a postponement for eighteen days, in order that I may ñnd a blaakguard to answor that one thore."