People's Pilot, Volume 3, Number 49, Rensselaer, Jasper County, 25 May 1894 — Sound vs. a Stable Currency. [ARTICLE]

Sound vs. a Stable Currency.

A great many business men, without pausing to think for themselves, are carried away by the talk about a “sound” dollar. But a “sound” currency is not as important' to business men as a stable currency. Stability is the one essential of good money. If that quality rests with it, then soundness follows as a matter of course. But is there any stability in money that is constantly increasing in value—a process that is marked by falling prices? Can men afford to engage in business ventures and enterprises when there is lack of stability—when money is constantly increasing in value and prices constantly falling? Will any sensible business business man take such a risk? The answer to this is to be found in the immense amount of money that has been drawn out out of business and lodged in the banks of the country.— Atlanta Constitution.

According to data gathered by the agricultural department at Washington from 25,000 wheat growers and 28,000 corn growers the cost of raising wheat varies from <11.45 an acre in Illinois to <12.93 an acre in Wisconsin. To produce corn costs <9.92 an acre in lowa and <15.53 an acre in Wisconsin. The general average throughout the western states is found to be for wheat <10.89 an acre and for corn <12.95 an acre. For the whole country the cost is respectively <11.69 and <11.71, The cost of marketing is estimated at 76 cents an acre for wheat and <1.26 an acre for corn.