Teller On Falling Prices

"Think of it," shouts Senator Teller, "twenty years of constantly falling prices!" The men who can buy for $10 now a suit of clothes tliat would have post $25 twenty years ago think of falling prices with great satisfaction. When Teller speaks of falling prices he means silver. The price of silver has fallen beoause more has been produced than could be used. The United States bought $600,000,000 worth, and the more they bought the more was offered and the greater was the fall in prices. If the United States had kept on buying the price would have continued to 'fall. The falling price of farm products has a similar cause. All the silver eountries in the world, India, Russia and South America, have been producing wheat at silver prices for labor. Machinery has reduced by one-half the cost of raising wheat, as it has of weaving cloth. But the main reason of the reduced price for wheat is that the silver eountries can sell wheat in the world's markets at bottom prices. There has been a fall of prices in the railroad freights from 25 cents a bushei to 8 cents a bushei for wheat from cago to iNew Xork. Does Teller complain of that? There has been a fall of prices in every article of iron and steel manufacture. Twenty years ago Bessemer steel rails cost $100 a ton. Now they are $20 a ton. Other metal products are proportionately lower in prices. Does Teller complain of that? Toe silver mine owner, with silver at ol cents an ounce, can buy more of everything with that amount than he could twenty years ago for twice the amount. Does Teller complain of that? The farmer with wheat at 50 cents a bushel, can buy more with the proceeds ot lus erop than ho could have bought with the proceeds of his erop twenty years ago, when wheat was 80 cents or !1 a bushel. Does Teller complain of that : The wages of labor alone hare not followed the rule of falling prices. Labor is netter paid in gold prices today than it was in depreeiated greenback prices twentLf?arS ag' Wbat dOeS Tller say Finally, does not Teller know that with debased money thcre would be a constant rise in prices with do correspondng rise in the wages of labor or the profits of business? If he does not know it