Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1864-09-01
THE REPUB LICAN.



II Is quite the custom iG>t low to attrib-
ute tue present high prices to an expanded
carroEey. We are fippantly told this
is tAs one great cause of commercial
deIangnent, and that If the currency were
only reduced 70 the standard of three years
ago. prices would come down in the same
proportion. Lst Us think moment, and
We stall sec !G5 utter absurlity Of such
eoI..vsioH. 10 matter what is the med
lum ior making exchanges, or what is cur.
Ieucy. O. waat Is lawful moncv-whether
Il K gold or bank-notes. or treasury
,noiss--a1r prices always were. anil
,-.ways must be iigi prices. Europe
learned It during Ter Napoleonic was; we
isayaei ia.ke war Of 1912. aud the same
Stern teacher compels as to submit to it
nov. Tie reason is clear and simple
.Pro1@et-3ni > diminished. anil BY the tyaste
- "a-. consumption is increased. The
wa d.aNs the farmers sons from the
E4Cs az fewer acres are Gown and
smaller aarveSts are reapol. The me-
chau.c arts suffer in the same proportion.
Scarcely less than two iiths of our sdu,
nt.e lpa.ation are now Gevo:ihg al their
tima anl enerGy - putting down the
re0slfoa. % these, vast number arc in
TO FIELD U-itk our brave generals. large
PAg; man oar ships of war. now counted
% hGEireis, all many are in ho>pita :;
while those employed in the navy yards.
i,c1 works. machine shops, AMI IN the
Iaanuiaeture of military clothing and
equipments. all in producing munitions
'.ad supplies. swell tLe aggregate to the
l.H.it Sc have namel. This great class of
producers cannot be withdrawn from their
'rdinary pursuits without great diminu-
t.on ia the products Of the country.
sNFhea the supply is greatly diminished.
sud ;Le lemand not only continued but
increased, prices n,Ys. advance. There is
10 possible help for II. If we eouldretuln
u 4 sPeeie o. Is tomorrow. 1T would still
te'2 VA basis, s. Uar prices
L nsle is Do. ono exception to this al
vaGce IL prices. ald that is the Government
bonds, and they are no exception to the
IIia. aud only follog the general law of
supply aud demsnd. The necessities of
Wal have made them abundant. AMI there
III. they aIe cheap: but when the war
elds the supply will cease and they will
IL 3ezr-ani the man who invests in them
a0w Is sure of liberal profit.
= -eluciion Of the currency will be well,
az IS have the official assurance of the
Treasury TIA: it Is low taking place, but
1t IS nat the infaI.i5ie panacea for inan-
sal disorder that many suppose. Mr.
Cisco. tie Assistant Treasurer of the
Uai,el States c. New York states that he
has cancelled ioriy-one millions OF interes,
bearing legal tenier7. within two weeks.
an that L. now holds thirty millions of
gToeabaeks-apd yet breal and butter.
wheat aai corn ani cloth are no cheaper.
The t.gst cause or the increased cost OF
al commodities. gold included, is alto
geiher ouisiic CT the currency 4 reiund- |
AIT currency increases the misfortune,
bu does not create II. But suppose the |
Government does contract the currency;
yshat IS to prevent the State banks, that
give no security for circulation. from quail |
Tupllng their paper issues. as they have /
already done in many parts Of the country? |
Nha', then, can be more absurd than to 4
make TIE Government or Treasury De- |
rsitmeut the scapegoat for evils that are
simply consequent upon the most gigantic
war the world ever knew. II the body /
has isyer. is il Just 20 make the hand
that supplies IS wants responsible for It's
unnatural ondi,ion.-Boston 7rareler,
s'Hne 233.