The daily Argus. (Rock Island, Ill.) 1873-1877, 1874-05-22
G g Daily Argns,
independent IN Eoerything.
Concluded from second page. J

appreciate the new requirements of the |
great change in their industrial system |
They have yet to learn that land alone is |
not productive enough to pay interest on
nearly its value, besides wages and profits. |
The farmer must absolutely own the land
he cultivates and must NOT be at the mer-
cy OF money lenders. His true way to get |
money is by the sale of SO much of his |
land as will enable him proftably to cult |
vate what is left What avails it for the |
owner of two or three thousand acres of
land to do nothing and say, "AYell, it is a
singular thing we have not more money !; |
we ought to have more money, because we
want to hire somebody to work, and we
want the money to use as capital. III
they want money very badly, they should,
as | have said. sell some of their land
Let them sell at present prices, if they
can if they cannot, they should reduce
the prices until somebody besides them
selves shall see that it is a good bargain
and be induced to buy. That is the way
they do the world over.
The refusal of men with money 20 buy
property at the extravagant estimate of its
value by the owner is no evidence of hard
times or of the scarcity of money Money
is plenty enough to buy things at their ac-
tual value but the buyer must have
something to say about the price he will
give. 1t really seems childish for people
to hold on convulsively to land and other
property at double price, and then wonder
that with them money is scarce and hard
to be obtained Money would have to be
plentiful indeed, and correspondingly cheap
and worthless, if sellers alone were to fix
| ha 90
to say, if man with something to sell
were to make the bargain for both sides
That is what is the matter in this country
to- day. You have property inflated to a
tremendous pitch, and the cry that
about this: I'VE are worth so
much property; our land is worth
so much, and we know it but we cannot
; find anybody with money who is foolish
: enough to give us our price" Come down
q with your prices and you will find plenty Of
!, money, You never will find anybody with
{ money who will give it to you The mar
: who would be foolish enough to give pres
n ent prices for property would not have any
;, money long. He would soon get rid of it
e INVESTMENT AND INTEREST.
d With this redundancy of money, the Fl
I I nancialreports of the market showing that
is drug in New York, commanding but O.
d per cent. and equally plenty in every com
mercial center of the United States, the Dor
rowers debating almost their own terms
: how is it that this money does not seek tn
,, great opportunities for investments whicl
we are assured are to be found in tn
, Southern and Western States?
| was talking day or two since with
distinguished gentleman from Southcr
, State, and said to him, You have "a grea
!. deal of money and you live in that section
> what do you do with your money? Yo1
4 say YOU want more money in your region
: He answered, Il have my money invcste
in some Central, and so on, naming a va
u riety of stocks but" said l. why d
y. you not place your money in those inves
ments that You say promise such great r,
- turns?' Well" replied he, Il do nc
. want any of it myself, but am in hope
4, that somebody will go down there wit
' money and invest it in that way. None
it for me, because there is no security.
Laughter.
Gentlemen will learn by and by tn;
de high interest and scarce money, if the
are synonyms in the language, mean ba
h' security. That is just what they me5
~ and nothing else. The only way to be in
OFT condition to give security and obtain mo
w, ey thereon in community is by industr
as, by labor, by obedience to law, by Thrift
leF and careful outstanding of resource
m Why, sir, in any Congressional district
the United States, if men will be industl
"' Gus and will save their money. and can o
+. crate on some legitimate financial basi
- two, three, or four years are sufficient
make money plenty in that section.
PRICES INFLATED FOR FARMERS.
- | say to the farmers and planters of t
- South that the huctuating currency tn
are using increases the price of everythil
that goes into the production of their crol
while everything they produce is paid
10 at prices regulated by the price of gold.
1t is suggestive fact that the avera
-, price of wheat has been less for the Ii
w three years than it was for the three yea
prior to 1861 land the same is true of ne;
ly all the principal products of the 81
Thus the farmer is not benefited by HI
prices in any particular whatever. He
cheated all the time. Then the manuf;
g turer, by overproducing, finds himself
~ debt with large amount of goods on ha
"a large amount of estimated values;
if called upon suddenly. as he is apt to
in these panics, for money, he cannot
- spond, he cannot sell, because the count
is already supplied and the market ov
stocked under the unhealthy stimulus
our diseased financial system