Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1873-02-22
For the Essex County Herald
LETTER FROM IUNRyRURG.

1t is fact that it is lawful tight .
times nowadays, and What is the
Where is the money? Is
there money for the legitimate pur-
poses of trader And why is it so
exceedingly scarce with as, when we
are all SO near the great markets. |
The three years sitter 1864, money |
was very plenty. No purse went
hungry for wand of it, the poor made
money, the hundred dollar men null
tiplied by ten, vast fortunes were
made speedily. Most Of the money,
then was confined to the territory
north of Mason and Dixon's Line,
and east of the Rocky Mountains.
Since then, the South, the West, the
whole country, has been opened
with its vast monied enterprises and
corporations, and of course the money
will not spread near rs thick over
all, as over part. Again, supposing
that in 1865, the money had been
equally divided among the inhabit-
ants, and then again in 1872; the
gain in population would greatly re-
duce the Individual sum. The laws
of trade, honestly executed, are as
fixed as the laws Of gravitation. If
we buy too much, and sell too
little, we are in debt. Where
is the man or family, that has
clean skirts here? We are now reap
ing the retribution Of the "flush"
times, after the war. Reckless, Gam
rable, extravaganza has crept into all
the avenues Of society, which is now
pulling at the purse-stnngs, say
nothing OF heart. strings. The vast
seaboard cities are the middle men,
and the clean net profit, made from
the toll and sweat OF the producers.
Think Of the profits sufficient to re-
build the city Of Boston. To be sure
their profits are two-fold, on imports
and exports. We have paid the
"hub" too much profit, are in debt,
and there is another way the money
goes.
But to come nearer home, our very
innocent and harmless Legislature
has had something to do with it.
They were so wise and so tender OF
the poor, that they have legislated 4
large amount Of money out Of the
State, and then allowed the States
Treasurer to hire q little more benev-
olently to pay themselves and the
States billc. A member once said
"They may talk their d-m benev.
olence, can send my money West
and double it once in six years.
Vermont has millions, West. Larger
sums 90 to Massachusetts Savings
Banks. Money that might anC
would have been used here at home
but Montpelier wisdom says six-pe
cent. shalt thou take and no more
In Illinois the rate is 10 per cent
and custom pays semi-annuaIly. Ii
the States west Of the Mississippi, thu
law is Il per cent. And in our owl
State the "poor" have to pay ten anC
twelve per cent, and the rich ar
willing to pay nine. What mer
farce then is the law, disregarded b,
all the Banks, by all business men
But many prefer to send their none,
, away and not hurt their conscience
: by breaking the law. Money is al
| article Of trade, just the same as cat
tie, and is regulated by the law o
5 demand and supply. The Lcgisla
: ture, to be consistent, should legaliz
| the price of COWS at $40 and oxen a
t $75 per pair, the old prices, whe
| money was at six per cent. [ be
e lieve l think Of the poor myself, bein
e one of them, and am perfectly willin
t to pay nine per cent.
w.