The home journal. (Winchester, Tenn.) 1858-188?, 1874-05-07
Thoughts for the Changers.


pu'ouS men nav n'"'' ~
prejudice OF the farmer against lne
mercantile community, permit me to
coil tbc attention Of the AGRICULTURAL
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c''99 ~ '"' '''''","7
Oh WORK upon Po'I''co' eco"o"J
Suppose that, in a given SOCIETY,",
the labor is divided, 80. that each lndI
yidual devotes himself to the creation
OF a given product, One man raises
wheat, another rye, another wool one
man labors upon iron, another upon
wood. another upon leather, &c. Now,
those pcrsons cgn procure the produc-
tons of each other only by exchange,
But if every one, every time he needs
ANYTHING. is OBLIGED TO leave his labo"
to inl a purchaser for his product, he
will lose much time himself, and will
consume A LARGO portion of the time OF
all his neirhors. 1t would frequently
take rs much time to exchange n pair
If shoes, as it would take to make
them. This additional time must en-:
fer into the price of the shoes; and
hence these. and every other article OF
ronsumntion. would rise in price &C.
corliDoiv.
"In such n case as this, it would
clearly be a great benefit to the whole
society If some one should devote him.
self exclusively to the business OF
making exchanges. Every producer
might Then deposit with him "lialeyel
he had to exchange, instead OF gong
in search Of a purchaser. when inns
was done, every one, by gong 10 MN
might ascertain Immediately what was
to be exchanged, throughonClhe Whole
community, ana at what price; ana al
50 wha! was required in exchange nc
would thus be able, at once, 10 pro
cure, by his W product, whatever
was %procnrabIe for 1t; and 10 kno"
what he must produce, IN ordcr thnthc
may procure what he may need. linus,
the Labor OF a WhoIc day. or OF SeYCraI
days, might be accomplished IN Il lew
minutes, IN a much more perfect man
hcr lhah 10y any otler mcIhod' Hence,
as all the time unnecessarily consumed
IN he other method would be saved
th"rc would De m'Ich more tlme TO nc
appropriated TO production. AS, IN a
given time, and with given labor, there
would be greater production, every
thing would be chcapcr-that IS, every
one would be rIchcr; amt, at lAG same
time, Il reasonable prollt would remain
Tor HIM who devoted his time to the
labor OF exchange.
'iiehcc' we see that ~cXcAangcrS are
rs necessary to the cheapneSS OF pre-.
d%uctIoh as producers themselves
Hence we also see now absurd IS the
outcry sometimes raised against them,
because 1t Is saul they produce noll.
ing, Dld not n large class OF the com
m10l'y devote themselves t. tbs en-
pIoymcnt, it IS Impossible to conceive
what would be the price OF the most
common and necessary utrnslI. Were
tn" farmer Obliged to carry his wheat
or his cattle to Sheffield, to exchange
for needles for his wife, or for a sickle
Tor himself, who could estimate what
these utensils would cost? If the la.
borer were Obliged to go to Birming
ham for a spade, which he must use in
ne" YORK. what one re the price OF
Il space ana no" "ou'd ne EYER he
ao'e 10 gam Il subsistence Inc IA
Dor'r may sometimes complain mat
tne merchant stand" at ms desk, white
ne ''oot' III lNc street; that the mer-
'"anl EI""s IN ms carriage, while he