The North-Carolina standard., 1838-09-12
FROM THE GLOBE.
FAMILIAR DIALOGUES
ARCHITECTUS.


FAMILIAR DIALOGUES
On political subjects, 6etresn Merchant aaJ Farmer.
No. 5.
MERCHANT-Well, friend, | want to ask yol
few question in my turn-will you answe
them
FARMER.-Certainly.
M.-Why should you and the farmers be op
posed TO lending out the public money, when yor
pay none of the interest?
F.-There are sundry good reason which
have already given for being opposed to it.
lit is unconstitutional and we would no
see the Constitution violated to make money our
selves to enable others to make II.
At is takimg our property for yonT use, ano
makes the Government an instrument TO ptundeI
the whole people for the benefit Of bank stock
holders and borrowers.
But, Squire, you say the farmers do not pay
the interest on the public money you borrow
from the banks. Now, l say the farmers do
pay it.
M-The farmers pay i'll How So?
F.-When you borrow a thousand dollars oil
the public money. and buy goods with it, do yOu
make u profit By 1t?
M-Certaini y-otherwise l should be fool
TO borrow
F,-Ho,c do you make profit by it?
My buying the goods lower and selling
thc.n high.
F-7o rAOm do you sell your goods2
M.-Mostly to the farmers.
ESQ when you have bought goods with the
public money borrowed, you put on price high
enough to pay the interest, and afford you
profit besides.
M.-Cerlainly.
F.-And then you sell the goods a, these high
prices to the farmers, who give you enough for
them to restore the money borrowed, pay The IN
tereH or itand make you a profit besides.
M.-Yes, we could not get along if it were
not so.
F.-WeII, Squire. who pays the interest then
or the money borrowed, yOu or the farmers?
M.-Why, pay it to the bank.
F.-Yes-you pay it to the 6Gnk; but the
farmers pay ito you. Is it not so?
MI suppose it is.
F.-Yes, you know it is; the interest comes
out of the farmers at last. The Government
takes our money and depostes it in bank; the
merchants borrow it OF The banks and buy goods
with it land by putting higher prices upon the
goods, make US pay the interest; so that III fact
the Government a0rOngtully takes our money from
US for your use, and yO~ make US pay the interest
on our OarH money!
M.-But if so much money could not be bor
rowed, there would be fewer merchants; and
the competition not being so great the farmers
would have to pay more for goods,
F.-Do you think so SquIre2
M.-Indeed do-could any thing be plain
era
F.-Bill Enterprise, you know, was a fine.
honest and economical fellow; but he told me
he was obliged to shut up his store and quit The
business, because he could not afford to sell goods
as cheap as you do. And what do you think
he said was the reason?
MI don't know: Bill was a good fellow,
and every body thought he would get rich.
F.-Well. he told me he could not sell goods
as low as you do, because all his capital 1oas
borrotoed and he had to pay interest upon it,
when most of the capital you employ IS your
OWH, and you have no interest to pay except on
occasional loans from the banks.
M.-Quite likely: six or seven per cent is a
sad deduction from storekeeper's profits and
it is reasonable 10 suppose that a man who trades
on his own money can make profit a! lower prices
than one who uses none but borrowed capital
F-You admit what every body knows and
it proves the reverse ofthe principle you ustn now
laid down. 1t proves that those a0hO trade bor-
rOped capital, must haze higher price than
those 10 IN trade on their owm capital. Does it
not, Squire?
MI suppose it does in some cases.
Esquire, you make US farmers support your
newspapers for which we do not subscribe.
M-How do you make that out2
F-Here you have advertised your new goods
in the Federal paper, filing half a toumn cost
ing ten dollars. suppose, Now. what have
! you put out this advertisement fora
K M.-To let the country people know we have
fine stock of goods, to be sure.
II F.-But what do you want them to know tha
+ for?
IF M-That they may come and buy.
NJ F--And they do come and buy suppose
in consequence OF your advertisement
III No yes, the store was crowded the day af
Ter eur advertisement came out.