Evening Republican, Volume 22, Number 233, Rensselaer, Jasper County, 26 September 1919 — AMERICAN DOLLAR IS VALUED AT 27 CENTS. [ARTICLE]

AMERICAN DOLLAR IS VALUED AT 27 CENTS.

The American dollar is worth but twenty-seven cents today. Prof. William F. Ogburn, of Columbia university, placed this valuation on the American dollar recently while testifying for the stock yards employes at the wage hearing before Federal Judge Alschuler at Chicago. “Since before the war the cost of living in the United States has increased 73 per cent,” Prof. Ogburn testified. “ I I base my statement on careful investigation. “From June 1, 1918, to the latter part of August, 1919, the cost of living went up 9 per cent. During the same period of time I found that wholesale prices went up 6 per cent. “There is now a considerable slow starvation in the United States resulting from under nourishment,”