Carson daily appeal. [volume] (Carson City, Nev.) 1873-1877, 1876-07-25

A few days since . wsll-known, intel
licsnt and Influential merchant, head o
. very large commercial house, having
correspondents in svSry financial csnts
Of the world, Was asked what he though
. Of the present and future of silver. Hi
answer was: II have given the subjsc
much thought. and my conclusion il
that the present dsprsssion in silver ].
caused BY the general dulinsss and stag
nation in trade, all tho world over. W.
have Q cloud of correspondents. - You
may Judge, everywhere. Fer two yssrt
past these correspondents have been
complaining Of the growing dullness in
trade. Commerce 10 at . stsnd-still.
Money 10 accumulating in all the cen
tsrs. Not . mail but brings as letters
saying 70 have % much monsy-gold
on hand. for which 10 can hnd NO en-
ploymsnt in business. Nobody wants
it. Will you not draw on us at suoh
rates ~ shall please? Why. in London
you can get money 1t ridiculeusly low
rate OF intsrsst-ons and . half per cent.
! in New York it amt worth much more
and here I can borrow all want at six
per cent on real estate. and all this il
| gold. Now, If the world over can aud
no employment for it, gold, what can
you expect Of silver? That's the result
OF my obssrva,i ms. The remedy is not,
in my opinion, in Congressional laws;
or National Conferences. but in the Ma
tional laws OF trade. Let there DO but .
resumption of commerce.; lot tho chan
nels through which heretofore money
has flowed properly in trade-and my
word for it. your silver will come in de-
msnd aud resume its value compared
with gold, AS it was. say. two years ago.
This resumption will come in time
can't he helped. The world ain't all
going to pieces. It's only 3 question of
time, and We must have patience. -
tStock Exchange.
This reminds us that we have thought
land suppressed the expression of it for
fear of doing something ridiculous).
that the present widely prevailing hard
times owe their origin to tbs excessive
producing capacities Of modern machin-
cry. Stsam-spginss and rip-hammsrs.
looms and sewing machines-steam and
labor saving" (and labor preventing.
machinery here, there. evsrywhere,-
have not these so greatly reduced the
necessity if not the incentive Of manual
labor that staple products are far in OK
cess Of oil possible demands? Look At
the prices Of iron, for example. Rail
road rails Of steel are cheaper now than
iron rails were six years ago. Look at
the price Of cotton goods at calisoes, by
retail At Eve cents per yard in green
backs, and al sorts of domestic fabrics
At correspondingly low rates. There is
: superabundancs Of everything bat the
demand for mems hands and heads.
Young men reared to the counting house
in Eastern citiss; young mon and mid
die aged men Of experience and skill as
salssmen; railway clerks; grocer 8 clerks;
travellers; al such - these
ind that saleries are down to starvation
rates. Such wealthy corporations as the
Railroad Company find it
to pay more than thirty five
dollars per month for competent freight
clerks, men reared to the business. II
70 are on the right track, if it bs true
hat the vast producing capacities OF
utomatic lubricants have made half the
lands of toll superiority in the fields
# labor; If the civilized world has sur
.l,, nS xb> ~>>>o..,;a. of Ifn IN hand. |
machinery has made the northern and
smperate zones SO abundantly supplied
nth all that is needed to wear and eat
hat the laborsr is no longer worthy OF
lis hire what is to be done to save the
masses from . constantly augmenting
egree of distress? In softer chimes man
ccepts the generous abundance of ma
ure's storshouses, and without effort
ssigns himself to idleness. There is
70 impelling necessity to drive him to
rork. The earth, the air, the gentle
aims, the fruit.laden trees-thess are
lis providers. If our approximations are
rell founded. machinery, steam. cleo
ricity. the multitudinous results of in
ention these are not only inviting but
ompelling tho northern toiler to idle
sss and breaking his ambition. Never
Vas the country SO overrun with tramps
nd beggars as now: Never was there
o great surplus of hands in the in
ustrial World Of Europe and America.
70 wonder then that money is SO cheap,
t ought to be cheap.
Labor Is tho standard of values; and it
because labor 10 so distressingly dis
ounted that gold can be hired 80 cheap
J and silver il SO greatly undsrvalued.
he remedy may be found. perhaps, in
) brief . sentence - Greslsy's go
Vest" Certainly it sesms IS if tho
AIDES were ovsrflled, and small farm
,g-the making of An independent liv-
,g out Of the earth-too much neglected.