The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1874-05-08
MONEY.

II money? L. $1,000 600 are worth
o-day 100 0o) barrels OF flour or
,ushels OF 1t. aud There is In
he country Hmber OF dollars,
will there b &c, ease of money
{, raisirg oume OF currency
o Sl0,00O,0OC - found that -four
md wheat auu every thing else has
in value teHfoldp Sup
pose a cent gets to be worth as much
- a dollar now is. II there should be
rs many cents in circulation as
there are now dollars, would not
the practical volume of currency re-
main the same? The fact is that II |
is a matter of no account at all |
whether there be $1,000, 100000 of |
greenbacks afloat or only $1,000 |
600, provided there be no huctua-
tions In the amount. With the less
sum money goes farther than with
the greater, and so the small sum
expands in value. Expansion Is
not necessarily an affair of yards OF
printing on the government press
es. II may come just as well by an
appreciation in the value of what
we have, aud all the country needs
is that the subdivision of its coin or
paper be minute and numerous
enough to facilitate quick disper-
sion OF IL over the country as IL is
called for.
What then means the scarcity or
abundance OF money go common in
the market? 1t means nothing
more than a sudden fluctuation in
its value. 1t means that the cur
rency lacks stability. Scarcity is
only a change relative to yesterday
or last month, aud conviction OF
cheapening of money to morrow or
fortnight hence. II men had no
facilities for producing these vio-
lent fluctuations in the value rather
than the amount of money, the
amount being only a means to
reach tho value, there would be no
talk about tight or loose money
markets.
Now the business of making vio-
lent fluctuations in the relations of
money is one of the most disastrous
that can be conceived. Yet IL is
just what men are all the time try
ing TO do. II is terrific and I'M
principled struggle for existence on
the tiger plan. There are two par
ties to that issue always, those who,
to use a W all street expression, are
short on stock aud those who are
long or full. The man who has
money out wants the value of mon
ey increased because IL will enable
him TO squeeze more out of the
debtor. The man who owes money
wants its value lowered because
that Il a virtual discount on his
debt. The one wants contraction
the otter expansion. Each is try.
ing 10 rob his neighbor. TInkerine
At the currency is only an insidiou!
way of transferring property from
one man TO another without tho
consent of the despoiled. Rea
equity would fulfill every contrac
aud discharge every debt in the ex
act terms in which 1T was made. L
the currency is contracted every
debtor ought to be permitted Il
discount his debts in the same ratio
as the contraction. If it Is expand
cd he ought to pay the percentage
of expansion.
In fact this business of Legislation
on currency Is u violation of the
constitutions, which forbids the i'm
pairing OF contracts.
The evil OF flucIuaiing currencv
is that IL destroys all ceI iainIy il
business, is system of spoliaIiOn
which by q euphemism we cal
speculation. No regular industr.
or trade can prosper under it, ant
all men aredrawn into intrigues Il
get n living by speculation rathe
than by work.
Tharn 10 nnn ofraclVtal ,.au,
edy for this state of things. Tha
is TO strip congress of all power o
legislation on the currency one wa,
or the other. The sooner we get
out of legislative circles the soone
will avarice stop sending its thieve
and robbers to lobby schemes 70
mailing one part of society rich a
the expense of the otheA Homes
labor of all kinds asks above al
things for stability aud to be KEEP
out of the hands of treacAery ant
observation-disclosures Journal.
The quickest way we know o
TO make n man believe that Their,
is nothing in the world worth liv
ing for is to excite him into chas
ing q cat across yard where TIVE
or three clotheslines arc innocent
~ swaying in the evening breeze
Type. settlers should be careful
TO dip their fingers into the RICH
boxes. Out West an editor ha
been sued for libel, in having pub
lished that n certain Mr.. Harrison
was q ell-known house-breaker
The defense of the editor is thai
he wrote horse. breaker, which tn,
plaintiff is by occupation.
Nothing" said an impat;en
husband, "reminds me so much o
BALKAN and his ass as two womeI
stopping in church and obstruct
ing the way to indulge in thei
everlasting talk" "But you for
get, DEAR" returned the wife
meekly, "that it. was the ange
who stopped the way, and BALKAN
and his ass who complained of it.
A young man having put
crown piece into "the plate" in al
Edinburgh church by mistake, in
stead of a penny, asked to have il
back but was refused. In once
in forever. "Aweel, aweel," grunt
ed he, - will get credit for it il
heaven" ana, na," said Jeems
the door-keeper, "ye'll get credit
only for the penny We meant tC
gle"
EDWARD EvERETT's IDEA OF 4
Coon EDUCATIoN.-To read the
English language well, to write
with dispatch q neat, legible hand
and be master of the first foul
rules of arithmetic, so as to dis
pose at once, with accuracy, every
question of figures which comes
in practice-I call this good ed
ucation. These are the tools
You can do much with them, but
you are helpless without them
They are the foundation; and un.
less you begin with these all your
hashy attachments, little geole
gy, and all other ologies and oso-
phies, are ostentatious rubbish.
a little son OF VIM. Meek found
a gun barrel standing by a tree
near the mouth OF the Ninnes cab
river, where il had evivently been
placed by some hunter many years
ago. The stock was all rotted away
except portion which extended up
the barrel. The gun was made in
Pennsylvania. By grabbing in the
leaves and rubbish where the bar
rel stood the silver mounting, butt
piece, flint lock, patch box, &c, were
found. The gun was probably
stood up by the tree to be taken
again by the owner, but looslng his
reconing or probably being killed