Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1840-03-20

There aborcrs; who produce from the earth
agcutus those who the produ Of the earth into
and those who engaged in
ting exchanging products of the other classes commercial
These founded law but that Of
kinds business But experience teaches the
necessity divisions for WOOL cotton and fax Of little value
iii, turned CLOTH farmer would find II difficult
cloths build and sail ship to take his produce
market. From this division, markets. We must
have food clothing and obtain them BY the exchange Of
products labor exchange horse watch for
joint pair such property FIRST be broken
part peculiar Office and smo the only Of
value OF property and brings into form
for convenience This the relation which il bears
business other; great inporisnc deny
foundation, and is the great regulator OF the s
fairs here to be supposed The friends of this b
that have naan and that rules guides
and regulates business; when truth, inquiries ought f
how much circulating medium, that know
whether there and second does necessarily create On
expansion that
Judge ought sbandnndl These which
sume precisely what ought be proved The Senators
evident what apparent They affirm that becomes
dundnt excessive inflated Bo, they do not attempt establish the
fact any proof January 1885, circulation
has much exceeded hundred mons at periods
hundred and inclusive Of and
reached point above the necessities Of
business years pas7 Ifit has, how much enoughi
ago. put Inquiry distinctly the Senate, and
MAINS If be proved that we have
much difficult ascertain, with sufficient what
desire Senators make known the by
which they arrive their conclusions vitality important
They take for granted that there evil but expansion to
fear. while nothing than tina, sms circulating
great greater injuries
We have heard much defamation about boated credit gambling and
speculation if the existence Of all these established this
by unquesonahe proof would have little tendency establish
the fact circua,on for they have necessary connection
but each may exist independent ofthe other.
Will the Senator proposition that rarer and has
circulated without initiation credits in trade generality
further and ask him excess thing than occasional
occurrence growing out Of markets qukene into activity byven ah
permanently Is
business from sound hanks who redeem and able redeem
their paper sight, dollar metal! how
under such circumstances to-day into
bank Boston New York. dollar with the
paper that dollar good will buy much in
France Germany The paper clearly
worth the silver for buys it. the ofbanks main
tanned this value and redeemed oil times,
pehend how inflated circulation needed
The presupposes All
metallic well paper will this
be inaion gold silver exempt than paper
easy which
Cotton forty dollars to-day, thirty 6vs,
and day foi6e does follow that the
tuaed that has fuctuaed oil; for gold and silver
abundant dep property
st. II every days gold nuua,ng
value commanding premum ncne nay
circumstances falling below good paper No what
have for there will be fluctuations its value greatly affecting
trade, circulating medium of
any more than you limit business m
This all what
would diferenythat there way
much circulation impossible
money may b. necessary for each member of the Senate for the
year. and IS equally impossible anticipate the Of great
Public The question is e therefore, settled by
trade, all other Of business We
required annually by the demand
how much money required forward business by the ability of
10 buy it, So much be the great small;
and in growing country, would
oproduce the Of monetary capital Surely nothing
more absurd than attempt determine the without,
70 the xgences 1.-THE countto that eighty millions 9th
er arbitrary amount enough There be gained by
lowering the value Of unless the Of labor the
same amount Of property enables obtain of Of
H This should therefore, be first clearly established for the PRO
neccssay great
Pennsylvania understand that reducing The circulation viii
doce property and wages in the ratio If does what
condition bee even could reconcile debtors who would DO
rnned! He seems to believe that relations foreign trade will be
Improved but shall show him his ought
exactly theoppos concuson for his theory If carried
would iahict upon the bor we'll the property the
ijurost and oppressive He omny ams
BIN oil credit for sincerity that he believes reduction in and
property wopld'be beneficial Let
Suppose that and property win be The b
that s dollar day. they will he half dollars and IL
Beef and eight will ou Of
all the productions othe United Ss properly
Upon this Of fcs things the borer would the
expiration ofwcny days labor doas provide supplies for
n. he v;uh a,e Jnu,