The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1874-05-15
THE VETO.

EDITOR NEWS: In your last issue l
notice quite a number of Western pa
pers have devoted considerable space
to Grants veto of the imitation bill.
The most of them censure him for so
doing. Now, the question arises, have
they given the subject proper consid-
Grafton? They cry imitation, more
currency, without any reason, only
that money is scarce in the West, and
that we need more, without giving the
reason why it is so. Let us look at it
from true standpoint. First, has the
West anything to spare that will bring
money from the East? We answer, no.
Corn is bearing a better price here to-
day than in any other State, and yet it
is all needed for home use; therefore,
we derive no income from it. Wheat
is bearing a good price, yet we have
none to spare, bat are continually
shipping in flour, which draws upon our
money resources, and instead of bring
ing money to MS is continually taking
it ont of our hands. Oats are worth
more here than in the east, and yet are
consumed at home, hence not bringing
us any revenue. And again, our agri-
cultural implements are manufactured
east, which is q heavy tax upon Us
without any return. Merchandise of
all kinds comes from the east, which
takes all our surplus money there
without any return, comparatively;
therefore money is boarded away in
eastern vaults, and will remain there
until the West can produce q surplus
to ship East and draw on them.
Then, and not till then, Will We have
more money in the West, and money
that will remain with US. Having
given some reason Cor the scarcity of
money, let rs look at imitation 4 few
moments and see what effect il would
have. Let us admit, If you please,
that We may derive some benefit per-
sOnally by an expansion; that money
would be more plenty in our midst for a
while. But how long would it remain
with usI Its duration would be mo-
mentary. In a short time, under the
present state of things, the money of
the West would wend its way to the
East and there find the same vaults
where it is now buried, ard the West
would be none the better of. From
the fact that our credit abroad would
be impaired our bonds would not bring
SO much. Gold would advance and
would give capitalists better chance
to take advantage of the people and
thereby bring the credit down in the
same ratio that the currency is ex-
banded, which would affect the whole
nation. Therefore, We of the West
would have to suffer IA we'll as the
East.
But is there no remedy? There is.
Let us curtail our expense. We can
deny ourselves of great many lux
uries that we have been enjoying in
the past. We can, for the present, stop
all supsrfuities, and thereby cut off
those channels that carry our money
into eastern Golfers. We must start
manufactures in our midst, and stop
that continual drain. Eastern shops
manufacture our plows, our machines,
our wooden goods, our cotton wear, and
we have to foot the bills. We ought
to make these goods at home. Then,
and not till then, can we bring about
an equal distribution of money
throughout our country, and thereby
stop the flow of the money into the
hands of few, to the injury OF the
many. AN HUMBLE MECHANIC.