People's Pilot, Volume 6, Number 19, Rensselaer, Jasper County, 29 October 1896 — The Cause of Present Distress. [ARTICLE]

The Cause of Present Distress.

Does not this New Jersey governor (McClellan) know, as we have already stated in these columns, that an ounce of silver to-day can be exchanged for more of any given commodity than it could five years ago when it was at a premium with gold? As far as stability is concerned, the value of silver has remained comparatively stationary as compared with other property. As a measure of value it has fluctuated less than gold. It is the enormous and alarming enhancement of the value of gold that has squeezed out the values of property, paralyzed the trade of the country and produced the present distress. If there is to be a choice between the two metals, the people prefer that metal lost nearly retains its equilibri iation with other commoditk .-,o Tribune, Jan. 19, 1878.