The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1875-07-24

How to Have More Honey"
As matter of fact, the great majority OF
persons in this country do need more money
All the specie resumption arguments that
can be made in and out of congress and all
the quotations from standard authorities on
the money question, cannot shake this plain
fact Commodore VANDERBILT, JAY GOULD
PETER COOPER and WILLIAM b. AsT0R may
have all the money they need and more per
haps, than is their far share; but for every
Commodore VANDERBILT, with a chest full
of money, or of securities convertible into
money, that can be named, there are at least
one hundred persons IN the country who need
more than they have, Our opposition to the
theory that the country needs more money
does not imply opposition to the demand OF
needy individuals for more. We recognize
the UNREASONABLE fact that every three per
sons out of four in the land are laborlng un.
der an involvement scarcity of greenbacks,
and we take this occasion 10 state explicitly
that we are in favor of their having them.
We are in favor Of their having, not only
twice rs much as they now have, but three,
four, five times as much7-indeed, as much as
they can get. Nor is this all; we now propose
to tell them where almost unlimited amounts
of greenbacks are to be found, and how every
needy individual may get them-or, at least,
his share of them
There is about $742 100000 ofpaper money,
of one kind and another, in the country,
leaving out the gold and silver, which
amount TO a hundred millions more. There
is no general scarcity, therefore; the only
trouble is that it is not equally distributed.
A few years ago corn III Iowa and Kansas
was worth only 10 cents bushel, and so un-
salable at that low rate that farmers burned
it for fuel At the same time people in New
England needed more corn-just as certain
persons now need more money. While corn
was selling for ten cents bushel in the West,
it was worth 65 cents a bushel in New Eng
land. There was the same inequality IN the
distribution of corn then that marks the dis
tributiOn of money now Greenbacks and
national bank-notes are lnconveniently scarce
in Iowa, Kansas Missouri and other parts of
the West and South at present, but there are
plenty of them in the East-more than the
owners of them have need of. Money is as
much drug in New York and Boston as
grain was In Western Iowa three years ago.
Those who have large quantities OF it are
eager TO dispose of 1t on cheap terms, and the
quotations for loans given in the Geographic
report from day to day are unusually low.
Now, if any person who needs more money
asks how he is to get it, we answer, in the
same way he gets everything else he needs
buy it. If New England man wants hun
bred bushels of Missouri farmers wheat,
in return for it. The farmer will let him
have all he has to spare at the market rates.
In precisely the same way must the farmer
get money when he needs it. 1t he wants
800 he must give hundred dollars worth
of produce for it; If he wants $1,000 he must
give thousand dollars worth of produce for
it, He can have it on these terms, and on no
other. He may have million dollars of
money for million dollars worth of pro-
duce; he cannot have one dollar without
giving dollars worth of produce in eX.
change for it.
1t is generally imagined that the only agent
capable of making more money is the gov
ernment's printing.press; but this is an error.
ANY farmer possesses the capacity in a limit
ed degree. If he wants TO have 800 more
than he had last year, all that he needs do is
TO raise hundred dollars worth of produce
more than he raised last year. He can "in-
crease the supply of currency" as far as he is
concerned, ten, twenty or thirty per cent, by
increasing the amount of commodities he has
to sell by those degrees. There is no other
way known of increasing an individual 5
supply of money than this. If the govern
ment were TO set It's prlntng-press TO work
tomorrow and issue as many more green
backs as are now out, the Missouri farmer
would not get a single dollar of the new
money without buying il with wheat, corn,
tobacco, or some other commodity-and that
he can do now. The Eastern man who wants
Il supply of wheat, pork, -Four, or other West
ern produce, must get II from the Western
man by giving him money in exchange; and
the Western man who wants money must get
il from him who has il 10 dispose of by Civ.
ing produce in exchange Just At this time
the East has a surplus of money, and in few
weeks the West and South will havea surplus
of grain, tobacco and cotton-and a general
redistribution of all these articles will begin
under the influence OF the only agency that
/ can start and control 1.-THE law of demand
and supply. Money will flow from the East
to the West and South, and grain and cotton
will move to the East and TO Europe. The
/ West and South will get The more money
which they demand, and the financial ques
ton will, for the time, disappear. How long
! the adjustment will last depends on how long
the Western farmers and Southern planter:
will hold on TO the money they get for theiI
crops. Ii they are saving of II they may have
some of Left unexpended when the next croT
comes in, and be just as much better oil u
they squander il, they will be ripe for anoth
er Imitation demand about this time next year
81. Louis Republican,.
A critic says: Lydia Thompson comes
back with the light of other days around her.