Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1857-05-16
The Demand and Supply OF
Money.

I money.
A New York paper places mater that
has perplexed great many people before
the minds of its readers in a very clear
light: 1T is i tiatieF II sdfprtse To tiiaiy;
that the demand for money should 30 re-
Equently and suddenly rise in value, in face
OF the great apparent supply. These do
not take into Consideration that it is the
demand for money which is more f1actua.
ting than the supply. Gold is in restrict
ed supply, an most persons can calculate
pretty certainly what the supply will be in
each year, but no person can estimate what
the demand will be. Thus, almost all the
business done in the country is by means
of notes of hand given for the goods. A
note Of hand is simply promise to deiiyet
so much money at a future day. TIE
money may not be created at viii, But The
notes can be, and the creation IS without
restraint. Every Individual creates, to
greater or less extent, promises to deliver
money, and the maturity of a larger GUAM
tity than usual Of these at the same time,
causes a severe pressure" In other words;
ifa thousand tons of freight is to be deliv-
cred at a specified poiat by a railroad
company at q particular time, on contract,
if the said company have only half cars e.
nough to do the work, there will doubtless
be ''a pressure" in the attempt and if they
do not get the loan of somebody else's cars
for the time being to help them out, there
viii of course be failure.
WEBSTER AND MS FrIGNps-A Coop
ASEoDorE.-A New York correspondent
Of the Detroit Inquirer, relates the follow
ing anecdote concerning Daniel Webster,
which we do not not recollect Having seen
before. 1t illustrates the almost idolatrous
devotion with which the great statesman
was regarded by many Of the people of
Massachusetts,. Mr.. w. bought "a portion
of his Marshfeld estate from a Mr.. Thorn
rs, plain farmer and fisherman but
shrewd and we'll informed. They became
afterwards very intimate and Thomas SUBJ
the Int iigencesto read the speech
of his friend. One day along came Col.
Haynes speech on Foote'S resolution
Thomas read it by his freside one winters
afternoon, and when he got through, he
folded the paper up, and said, "Boys,
pull off my boot; | am going to bed; Dan,
iel has been used up; he will die; he will
never come home; aud I'had about as lief
die as not; pull off my boot" The old
man was as good IS his word-he kept his
chamber for days in the deepest detection
for his ideal man-his human idol as ne
supposed, Frustrated forever. Days passed
on, when one day the lntelligencer arrived,
bringing Webster reply. The Oldest boy;
then a lad Of twenty, now himself gay
haired, read the speech in reply before ta-
king it to his father, after which he took
it up STAIRS. stake it away" said the old
man, Il can't read it and | won't; take it
away The boy placeds the paper
on Tie table and left, the old man
crawled toward it after time, and left
il not out of his hands till the last word
was read, when a loud call was heard for
bis boots; he left the house and returned
not until every Preside within circuit Of
two miles had echoed to the burning, death
less sentences Of Webster's Great Speech"