The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1875-01-27
MISCELLANY.
HoW NATIONS GET room.
A PANIC AND WHAT CAUSED lT--coNsuM
ING TOO MUCH.


ING TOO MUCH.
How do nations get poor? asks Prof. Bon
aman- From devourng, consuming more
than they make; then somebody must go to
the bad, somebody must lose. Somebody
must lose in warmth (; somebody must lose in
enjoyment somebody perhaps, must be
starved. That is what is called a "crisis," a
"panic," an exceptional and undue destruc-
ton of things beyond the amount of things
that are made. Then what follows? The
farmer says to his laborcr, II cannot feed
you this year / cahhot sell my wheat, be-
cause other people have been destroying and
have nothing to give me for my wheat" In
that way the field goes out Of cultivation.
There is a loss of capital which the man who
worked in the field would keep alive. SO it is
with the store; 80 It is with the shop, so it is
with the factory: II Is not what tho banks
do it is what you do that will determine
whether the nation is going forward or back
ward whether there will be things enough
made next year. You hear a man say of an
other he has many millions income. Do
you suppose any Of us handle our income in
dollars, paper or gold The poor man, no
doubt he receives his weekly wages, and
''ia' nc louches ~ money out tle ileh man
who has 81 900 a year. he does not touth
| probably $500. So it is with the great indus
4 sssess.~s - @Ae~*ss"S
means this Your share. vow proportion of
! tbinos made and cultivated by the nation
you cauut II in dollars. II appears az IL II
were in dolltlrs, but there is no truth in it,
Whether YOU are constituting more than you
are milking, IT IL yopsr share. your proportion
Of The bread and butter and meat and shoes
and clothes that are made. Capital is that
which is DESTROYED like everything else. It is
reprodueed IN goods made. A beautiful pic
ture is not canital it does nothing in the
wav of making other goods. You have lost
your property. but you have the painting.
Therefore when men are sane and sober
and not wild. nations will create, will increase
machines for making those things which are
Indispensable for human life and its enjoy
ment.
Jollfy and eat up all your capital, and in
SIX months fhc American people mast die
ste,nly. absolutely die It is lust as easy to
/ make AN approxomation of death in this tenn
porary undue destruction of capital. Letme
mentiors ore ius,anee-war. War is rapid
consumer. Fine orders for iron, fine orders
for coal. fine orders for clothing, fine ofders
f., nj, SORTS Of things generals well paid !;
a,eat movements great destruction. All
goes ON swimn,ipuly But the process
that is not seen Is the destruction
Therefore war brings ON a great sense of pros
perity. You are eating your capital tie
bread of twelve months you are eating up III
EIGHT months. 1t is the same with railways.
If Won make too many railways what happens |?
The old story. dminution Of capital. You
have fed the labarers YOU have clothed them:
van have river, tl,es, tools and when the rail-
wav Is opened Vol, are astonished that the ma
t;ou is so uoor. You have DESTROYED the cap
i,al Of the nation ; YOU have destroyed the
no,vey. Of ns,e.;..r routls. The people are poor
Or they must consume lesss go with worse
clothes 10 redeem what they have lost. At
la.t there comes. fhe panic !; everybody
thouobt the railroad was rood everybody
plunged into taking shares they consumed
more than they ought to have consumed ;
thew made holes in the ground, and dug chan
nels. and they ended in poverty. There seems
to ba in this consuming riure thar you oaght
sucI, liveliness of buying, such a pleasant,
buoyant feeling in every store and shop, such