New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-01-09
MONEY.

MONEY.
When money ia scarce, farmers mechanics,
merchants every body, n fact, who rub. his own
muscular ntegunen.s against the h,nderances
and through the tight places of the working lay
world complain Of the fact and attribute = It
the prime influence IN originating and perpet- :
iug their difficulties The gentlemen, 90 "a
other hand, wLo writ what they call PolisicA
Economy, with a stesjy determination never to
sJmit fact. no matter what the eTidence for it,
uLtil they have invented = reason for It's exist
tnce deny that the scarcity Of money is matter
IF ary material consequence little money,
they tell us, is ss good great deal, If not alb
soluttiy better for, they argue, if the quantity
Of money is increased prices SIRE increased ia the
same proportion snd the greater quantity is en-
ploytd in doing just what the smaller dill. TIE
consequence ia, that gold snd silver, which
can neither be eaten rcr worn are retained in the
country, instead Of being sent abroad in exchange
for Filks and brcsjc,otts thai can be worn.
of they ssy TO TIE liscou.cnted. you have
"rot nor ~, It ia because you AID Others have
wa ttd SON citing Use worse. You aud others
care iufsllible judges Of Jour own interest; you
" have rad sour own say, spent your money pro
"ftnbly-for fmoney lad not been cheaper than
the things you imported in place OF it, you
would not have exported the money-snd now
"!ou sre stupicly erumbl'ng. because you lave
"nbde good bargains. The money which circu
"latts m a country q so much dead caPit.l-s
"capiial which produces nothing for the country.
TO come down to the vulgar apprehension. AMI
tell the whole truth in plain terms the wealth
of country "a not ia the money which il pos
sesses but in the money which it does not pos
SEES. II is real capital you want, snd uot
money. There is always money enough. Just
enough 70 fraction. 70 be sure there is apt
ito be little cor fusion Of idess ia the men WHO
"aIe leirg ground 10 powder in the readust
uoDt Of equIbi an, but t is al o~ing to
want Of count economical instruction
Which Of ttc psrtiesi right Al article from
the pen Of Etny c. Carey in the January mum
Der of HINTS m.rckGnis Magazine, furnishes
much ffesh material for the solution Of the ques-
ton. While We recommend everybody who is
troubled with suspicion that the economists
may be Viser han he is, 70 read the entire article
which the other gentry are too wise to read
we viii give brief sketch oft, points.
Msns power over matter il limited 10 produc
Dg changes Of places Of form, or of ownership;
these three aad 10 fourth, are the things he
csn do. Wealth being nothing bat the power over
Matter aud Value the ress.arc e Of Matter 10 that
power tie facility with which be can DO tie three,
dett Iunes the degree o! wealth Of tie individual
and the community. To aid him in all, be found
certain qualities of matter and forces existing in
nature which coOpsrat with him gratu.Ously,
through tte intervention OF the machinery de-
vsed for giving play and direction TO their activ-
ity. Thee sre peculiar properties in the precious
metals, hch enable them TO assist man in fleet.
irg cha ses ofoHIershiPin superem nentdegree.
Their use and value for this purpose are 10 more
mstter Of arbitrary convention, tlsn the use of
iron in the stape OF rails to facilitate change Of
place. Each contribute. vastly 70 the increase OF
production; snJ tie exteI to which they contrib.
ute, lie pima faois propOrionste to the quantity
keIt in use When We consider, that under the
system Of division Of employ ments, nearly every
chsnee Of form and every change Of place, in ms
ttIial products is made with view 10 change Of
ovnership-thst is for the purposs Of making
sale-it is apparent that every obstacle in the
way If ready sale-snd such is scarcity Of
mOney-will arrest those changes OF form and
place. and thus check production aad wealth.
Production, Gays lie Trosue. is nothing but
motion communicated TO matter, aud motion
in al forms is stopped when anything impedes
the movement from owner 10 owner-the ultimate
n Otion for the sake of which prior motion is
instituted Clofe the few miles of the Erie Canal
between Schenectady and the Hudson and force
its freight 70 the Railroad and the whole bust.
ness of its eIiiie length and Of all the tributary
chsuntls s. far west as the Mississippi, and south
to tie Ohio. will be restricted TO the few car.
loads that can be trans ported BY the Railroad.
| Tear up the Railroad. snd the entire business Of
these vast arteries will dwindle TO the few cart
loads that can be dragged By cattle over the sand
| hills back Of Albany. A contraction OF the cur
rency i. Ike s contraction Of the aorta-the pro.
duction OF blood is necessarily limited to TIA.
which il can psst-ard, IN Ike manner in the eco
nomical body the things circulated must conform
to the measure OF the circulators.
The minute i.risibil;ty OF the precious metals
render, the sualle,t coin 'ss'sg fssd for labor,
bec,ass it gives utility to he billions Of minutes
.a,. VSal - W,s.sl in sAs sbss1cs Of .As