The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1873-11-20

PAY THE DEBTS.
From he Prairie FArmer.l
1877 cannon.

ant IRON me Prairie FArmer.1
Hard times are settling down upon the
county with weight that 10 simply
crushing. Unseund stscks tunb led first
carrying a panic through the whole
banking system. BY stern 6sterm ma
tlop' and mutual assistance, coupled wi'h
general lenieDcy on the part Of depos-
'tor', the 'rich mans paA,c" has been
tided over, bat the banks are now uur-
SUNG system Of rctrenchmeut in the
matter of loans. They collect all that is
possible on I2a'ured paper, and loan very
sparingly and enlv to favorite custom
ers. They accept deposits with grace,
but they are content to await better times
'"r making moneyIby lendipR,snd are for
t'fying against further trorble by sudden
and uivcraal checking ont. In copse-
quence OF this policy, matters in the com.
nsrcIAl world NOV. alswly, and manu-
tscturcIs are rapidly closing their works,
running on half time, or reducing the
pay of operatives. Prices of goods and
produce fall aud values of all kinds
shrlnk di'c"rrag'ngly. Collections are
becoming alArmingly slsw, and the mills
Of the bankruptcy courts GRIND cut enor
nous gfiats daily. The winter ap,
proaches, and poverty Sad starvation
have begun thar dismal walk over the
land ...
Amid this general depression hsw il II
with the farmer ? CartainIy his cOndi-
tlonls net 30 bad as IL that of maay
another Wan. If he has ensrm sus taxes
to pay. mortgages To lii, and store ano
and shop debts iosming up b~fore him,
he OF all men has something tG sell that
"therA nust purchase. The great crop,
that hav" gr"wn ant hsrn garnered by
hIs hardy hands are net like tn g goods il
warehouses "r the pp1sd'es in factories
they naast 30 consumed, ter humanity must
sat. At soms pIicS he can sell every
buahsl OF grain and avery pound of meat
And then the great ques.on comes: VIVA,
hall he do with his money! Shall he
hoard it and count it :! Not if he deeires
10 be we'll doer ~ wall as we'll wisher
to bis c. untIyMVn IN other walks and
Professions OF Iitc. HIS first great duty
10 10 pay what he owes, as far AS his
meals will allow, promptly epd cheer
fully. II is fact that the reputation IF
farmers in this respect, based entirely on
past action. is not what it should he. AS
a class they have the name Of being the
lowest pay OF any class of men, though.
10 the credit of their occupation be it !
ssId, they are considered by far hs best
class of debtors. for they do sometime
pay. The credit system hA- been con. |
venIent ono to them, but il has boon tx-
pUnsive. IL has raise the prices of their
goods and their machinery in ratio that
YOU'D 1e astonishing il generally under
Il ond
The latter day organiza ions contem.
plate tie Destruction OF the ctedlt sys
I. M, Snd hcrcln lies one vi Their greatest
proposed blessings. But til IL matter of
paying he present Indebtedness of farm
rs Is one that comes home immediately,
md that cannot he put off, it widespread
lIsanter and ruin arc 10 be averted. To
'ay the dry goods merchant, he gr Ger
he btacksmith, the hmt mtkrr, as tho.
,rops are marketed aud the money re-
cIvc1 tor pork, beef and grain, IL TO
end life blond through thc Whole body :
o'itic without the whole system be t
GENES lifclers and corruP' Talk ec"no-
ny, and live economy as much as ynu /
'iease, but ho ri not when dents are un v
'aid and hard times are crushing hope e
nd llfs out OF millions Of men. Pay thu II
cbts thu now exist, and save both city !,
md country suffering and disaster. The :
'r,ncr rs the stay OF ths nation In tins p
4y OF tinAncal hurricanes and CONNER n
lal earthquakes. ii
.