Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1839-08-26
From The P'Hsturg Daily Adroeaieof august 90
MONEY MATTERS AND FARMERS

There u likely 10 be II general iall in the prices
oi every srecies III agricultural produce. This is
rendered inevitable from TWO tauses---le album
dance OF the present yea pfodnrs, aud The search
~ OF nancy. The pressure that iur two wears has
been weighing so heavily npon Tie merchants anI
manufacturers OF the country Is now, Tor the first
tine. reaching the ~ iicullurisis. In ls37 aud
10 tbs county presented the anomaly Of high ri
ces OF the products of the soil NJ The time that
! there existed distressing scarcity OF money. 1t
/ was u severe time upon consumers, bun golden
harvest to producers. Now, however, The scale has
turned the other way and alihon rh the people OF
the cities arc sill crushed urder the all-peryadng
pressure IN the money marker, they are relieved
nom The eXorbitant exaciions imposed upon them
by nonopolsls OF the fis neccssarIes of life. The
disease brought ppon he country bv ne reckless fr-
Pcrimeats ofMe late and present National 1dmins-
ira hons is attending its 10 The most numerous and
important class Of our cthseHS-ihe farmers class
who, until now, have remained allno,t nuscalhrd by
The desolang scourec OF ruined and deprayed
reney. and breaking up of the perfect sys-
TEN OF domestic exchanges the world saw.
They nre Al last es ed to feel that pressure Of which
they have only heard and they have been the
last To experience tie evil, il Is far infer that
they viii be the last 10 find reliol. Hal they heed
cd The warnings and cntreaiics Of he merchants
AMI Others, who stand IN the front ranks of the
munty, aud who, from their POSITION, ara the first
TO perceive approaching danger, well MS the
iift to experience the effects OF the storm, they
could easily have arrested the Of the who.
under tho promise OF better currency" set erery
Thing afoat ritout The knoeicdge. skill, or ponsr 10
drect their courses; who regardless alike OF The teaci
ing. Of experience or tic dictates of common sense,
undertook 10 tamper with what experience has shown
they knew nothing about.
Far be II from us TO exult over the depressin4s
that Is coming upon he farmer We know lilac
when he suffers the country is not IN healthy state.
and tha ilany deserve prosperity, ii is he yet
cannot but indulge the hope that. il has come
upon INN, 1t will lead bin, 10 reflect more closely
upon the series Of measures that have brought such
county as this to the verge OF bankruptcy that
| IL will induce him to give more heed 10 the exleri~
ence Of the past than TO the crude dogmas of The
present day 10 see that his steady prosperity and
that Of his felow-czens are Identified, aud that
the storm which wrecks the merchant will sooner
iaer shake his citadel and that he will see The
ceSSity If sustaining the credit system, ander uhich
MS country has long Prospered, and though the
arrangement Of which il is suffering, BY the
credit system we do not mean any particular system
OF banking, much less do mean the wild and
reckless speculatons of 1896, (tlat only indicated
the breaking up ofhat system, but mean that har-
Py state # confidence uich crisfed prior 10 he pro.
mitigation Of He mad doctrines Of e erperimentcrs-
when all the wheels Of business moved quietly and
without jar-when the Government did not war with
the banks nor the banks with he enl---w hen
each minded its own business, and the Interests Of
The People were not crushed by their rude collisions
when we felt all the benefits of both banks and
Government, without hearing much about either
currency" and transferred money matters from the
countag-house 10 he gros shop The polifitian's
StamP-when Il man might travel from Maine TO
Louisiana without being sharea-a,,d when the con-
sumcrs OF merchandise taxed from three TO
fifteen per cent. in addition TO the Ordinary profits
OF the merchant, TO pay for the difference IN ex-
change-when we heard no balderdash about gold
and silver, aud yet every could have his money
converted into that shape without loss il he chose
| to do SO. The truth is well, very well
n hpru fall ptp1f 40
litica capital, aud had other means whatever 10
do it. they persuaded that ought to be better
we listened 10 tEem and followed their advice
they made their political capital but where asS
wei
!" Mr.. Broker, what is the discount uponshis me
ney Z"
:" Three per cent. sir"
/ Sand this !"
! " Ten per cent"
i. :" And this :"
We don't buyit. We can do nothing ui,bit
1t may be good at home, blu, we canpot mig
exchanges,
That's Where we arc,