The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1873-02-01
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at a late Fair in Mississippi. Every
word of it is sound and to the point:
Men talk Of recuperative energy Of a
people and extol that virtue without
knowing of what it consists. The truth
is, the recupcrativc energy of a people
consists simply in their ability and in
clination to produce what they coll
sumo. And the French are emphati-
cally n producing people, and hence
their recuperative energy. Even in our
own country, of the late Confederate
States, proper, none are so prosperous
to-day as the State of Georgia. Not
withstanding Sherman, in his s'march
to the sea-" went through the whole
length of the State, with tho sword i'll
one hand and the torch in the other,
and burned, pillaged and laid waste !
whole districts OF country, including
to-day, Georgia stands, prominently,
the stEmpire State" Of the South. And
why? Because she produces nearly
everything needed by her people, her
iinseys, her lowc!ls, her jeans, her ma
chinery, her farming implements, her
meat, her bread and her stock. In hGr
agricultural department she Stands pre-
eminent, htvin. brought Ia i:';s upon
this branch of her industry q high de-
gree Of her Intelligence and Industry
and her Dixon, an aSricuiturfSt, takes
rank, in point of wealth, intelligence
and fame, will. II John Jacob .\Stor, y
Vanderbilt aud Il Scott. 49, - " :"
! Another mistaken ilc:. of our people
| is That money constitutes u peoples
true wealth, and is the only source OF
their prosperity and happiness "A
more EaliaciOus and pcrnicious idea
never pcrvatleu any civilized country
on earth. The correct theory is, that,
money like every other product, is val
uablc only for its uses, and q people
who produce everything necessary to
contribute their desire have but little
use for money.
! fla man need five hundred dollars
worth of farming implements, y thous-
and dollars worth of grain, II thousand
1
wants, make him contcntcd and pros
porous in business; if he produces these
he does not need the money with which
to purchase them; and if he produces
them he is wcalthicr and moro indie
pendent than if he had to purchase
them, because in tho former case he is
not in the least effected by the Huctua-
lions in the market, which, may be
produced by the measure of industry
and economy in those departments, or
| by combinations or rings formed for
speculation = { IL . = .
That our Creator has subjected tho
accommodations of the blessings OF this
! lifcsto certain uctcrmil,atc laws, is too
obvious and self-cvitlcnt to require any
argument. Some of these laws have
been discovered, compiled and promul-
gated as the science of Political lIrono-
my, which is nothing more nor less
than the science of wealth land no state
or country can be wealthy, prosperous
or happy whose people live in open
violation of these known and ueteruai-
nate laws. Tln,t'we OF the cotton States
arc so living and acting, and have boon
for years past, is perfectly apparent to
every thinking and obscrvaut mind.
| For instance, it is 4 Well settled priuci-
pie in Political Economy, s'that other
things being equal, thc greater the
supply OF any article, the less will hC
it's cXcti;ngcahlc. vtluc,' that is, tho
loss of other things can il procure in
exchange. TO illustrate this princinlc:
Suppose on hundred rot,.i,l,i of cotton
is worth four bushels Of grain. Now.
increase the production Of cotton - rsr
cent. without Il corresponding increase
in the production 81 grain, ;,.,! yp;i 4!
miniSh, in 4 corresponding rAtiu, the
| eNciuilwrutr value of cotton, aut it
! would NOW take one hundred ana
acknowledgements uirntiun to purrha g
four bushels OF grain.
ON the other hand, il IL. cotton crop
oven Diminished ~ pr cent. ti,rn thrrt
| would h,. y CORES pounding: ris' IN it, On
lJx.. Wy -