The Arkansas advocate., 1836-05-06

This country is oh the eve of great rcvo lutIon. We do not mean a revolution i'll our government, or in the popularity of certain men-though all that may and in ali hkeii- hood will grow out of 1t. We mean great revolution in property. Just now every thing seems exceedingly aourishing--the sunny side of things is turned towards us, and we are congratulating each other oh the unparal leled prosperity of the whole country. There is a continual iluctuation going on in the value of money-and any sudden change in that va lue creates corresponding change in the property of the country. For example, if money--no matter of what kind, gold, silver, or bank bills, advances in the facility of it's supply faster than the average of commodi- ties, tas would follow from chartering q large number of new banks,) the value of money will fall. 1.-the supply money on the other hand, falls behind that of the aggregate of commodities, (as if banks withdraw their oc- commodations 10 great extent, or ifseyeral  of them break ; then the value of money rises in proportion. The value of gold in England, from 1919 to 1S32, nearly doubled. The va- luc of money in this country has lessened one half in three years. Any extensive change either way is productive of injustice. For if, three years ago, I owed you thousand dol lars, l do not, in honesty, extinguish the debt by paying you now a thousand dollars. That sum is not worth more than half as mueh now as 1t was at that time. Here the creditor To- ses. If the iluctuation had been the other ,ass;::5yf way, the the debtor would be loser We see these continual changes rolling on like waves. They are subject to certain fixed laws. Men wonder-we hear them every day-why eve " thing is so dear-four, corn, meat-avery thing in short--when money is so plenty. That is the very reason. Paper money has no fred value. It IS not worth more than half as much now as 1t was-because it is twice as plenty. Look at the history of our own country. In 1913 the money in circu- laton in the United States amounted to about 70 millions of dollars. Compare that period with 1880. In the latter year the circulation was 6l millions. After the year 1913 the circulation went on expanding--in 1915 it was 1l0 millions--in 1916 1t was still lar ger. Money was eheap. Trade fiourished Hands, negroes, and produce were inn mensely high. Compare that period with this. 'Iis twenty years since. Land which in lSl0 sold at s ID per acre, sold i'll 1916 for SS0 to S1Go. The whole country was full of speculators. How did it turn out! InlSI7 and ISIS the reduction of the circulation conmenced-in 1879 it was less by 59 per cent than in lsl5-being only 45 millions. Money then became dear--it was scarce. Lands, slaves, houses, every thing fell below their value-and multitudes were ruined. If a volcano had burst out in the centre of the United States and shaken 1t to the extremi- ties, it could not have more surprised the people.
 Iheasame thing is to happen again. In 1880 the circulation was 6l millions. Now it Is 120-and 1t will soon be increased to I50 millions. Well, how is it all to end. In year or two the banks i'll reduce their cir cuiation-many of them will break--money will rise above it's true value-for high flood always has a low ebb. Every article of pro- perty will depreciate, and immense sacrii- ces will be made. Experience has taught this lesson often-and when the reaction comes, and the value of money changes, then comes the revolution. It is of no use to think that money will remain at it's present value You might as we'll expect the ocean to stop vibrating and rolling.
 
 Ia5ormation.--Earrings are exploded in England, as a barbarian relic. No fashiona- ble lady wears them, 1t is said. We don't remember of ever before announcing any thing exclusively for the benefit of the ladies and we hopo that they will consider this the more valuable. Earrings are the next thing to Nootka Indians nose iewels->just about as becoming.
 5 Q N G
 TO BE SUNG AT UPLIFTING THE VAN BUEEN
 STANDARD.