The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1869-11-09

MONEY. The west 10 entering upon the
winter with q greater deficiency in its money
ACCOUNT than has been known for years.
The general low prices which prevailed dur
ing the season has had the effect Of keeping
back very large surplus of grain when
otherwise would have been exchanged LOT
the needed currency, while that msrkeseu
has brought but barely sufficient to meet
the cost of production, and at this time
when the west should be we'll supplied wit"
the proceeds of the years labor, there Is al
absolute dearth and q general s'"gha'ioh !"
all branches of trade. While 'hefe Is al
i'm operative necessity for an increase 0,
currency, AS the only relief tor the hnsno,S'
,ropbles into which the west is entering, the
.ao,e,srv Of the treasury, backed by the
nancy and stock gamblers Of the east, man
ifests a determination to proceed at once 10
specie resumption, the excuse and make
weight being the late viliainous transactions
and corners in gold Of the Wall street ring
aided by radical federal office holders II
Mr.. Boutwell, and bis financial co iaborera
have their way, there ia no question now but
that the iniquity of Corbin, Fisk, Butterheia
& Co., will be the excuse for perpetratng
even a greater and more disastrous "cor'
ner" upon the business interests OF the
country A sudden resumption of specie
nsvment cannot but be disastrous, especially
TO the agricultural west, which the radiea
narty, for some inscrutible reason, has never
permitted its just proportion of the circuIA
ton. Being desigpedly made dependen
upon the east for its money, the result o
the present radical plans cannot be other
: wise than to increase the great advantage
always enjoyed in its large excess Of tn
: circulation. With poor quality OF crops
!. and no inducement to send them to marke
!, the plans of the secretary would not ohl
find this section Of the country wltho'
J, monsv. but az all values must decrease
i money appreciates, without the commodit't
> to command it. No coincidence OF circun
d stances could be more favorable for resum
ton to the east, who would thus find rea'
a investment for their surplus, and enao
them to throw oil the burden upon the wei
!, and thus more than make good any depr
4. citation of commodity values. Resumpu'
canno, but be disastrous to the general b
siness of the country, resulting only In be
- eNt TO the stock gamblers and money chat
or era. whose influence with the ra
d. cal manipuIators is paramount
- that of the whole country besides. 1t
safe TO saw, then, that if III lacy e'A''
III ann NAB :. suod thing by resumption, th
90 policy will prevail, regardless of the calsmit
y which may befall other interests. Wi
a short and inferior crops, and inadeqns
he prices. even at currency rates, the agrlc'
,b tpral actions will find themselves helple
ne at the fee, of Shyock. What effect poll
cal policy may have with congress IN P
wanting the contamination of this lniq
D. tous programme, marked out by the radio
administration, remains TO be seen. In
~ meantime it behooves every man in
on country to get out Of debt. Let the farm
CHI, diapose of his commodities and make
Of best terms he can with his creditors. An
vance of Is to 80 per cent. on indebt
pit ness cannot but be disastrous to the n
A. of small means. The men who are +
from debt will be free from the finane
hin IN bondage which radical policies are prep
ath ing for the country.