, 1877-02-05

q the people depends entirely Upon the ftamc
Of mind Of tho5c WIN control the circulating
medium. read tho lectures OF Prot. Swing,
chIeagoa minser., but look ill., IN r.n Snp5rr for an1
remedy from these mcn) for the suffering and
tnIeefy Of acoEea Of thousands Of human hcfnes
N 1n.; ny, ehs richest country in the World I
should be tho keynote Of all sermons! You
cannot have murh genuine religion in people
who afo poort Wrctched, miserable. you say
one cause 81 ste siagnation Of trade is "ovcf.
much q everything, should not tint ncan fcwe.
hours OF labor, more rccscationi Tour corro-
sspondent mtsconceves the idea conycycd by thu
term vcr..psoductsoa" -" as applied to the prcs-
snt ,ht, stsgpation =; Of bustnest II simply means
ean produce goods faster than The community &
aDis ani, 70 y bny anu pay for them. Thus our iron
is,ts ts.n and ina,, wagon s'res, bars md rails
The wooicn aud cotton mills even make moro
goods than The people need or can nav for. So
o. gloss.works, observation-disclosures makers,
sa,wmI'ls, , brlck.rar1t, stoneruArFet, coas-p!t.,
stocked bran :he. Of Industry. Tie % s,,np1s Il in
exccsa OF the ability Of the ncopic 10 Inv. 0nly
foreign market will lake Of this surr,fus pro.
as,Gtlen. ; Gut an aesnrd'y. high tariff cripplts
them from, making gotsia cheap enough TO cx.
port TO other eountrfcs.~-Ep.l II this was 4
poor country coH1d understantI want aud mis-
e.s. 0,tt 70 a country like this, where much
sunc: and Hhern sufficient could be GROWN to
ieed Europe too, mint am astnt1pdcd thai
thoSc Who profess to haze the welfare pf tic
neopie ps .t @ heart % not stand up and ask, How
storcs filled With clothes, the peopIe ragged:
everything n abundance, and tho people in mis-
cry. What IA the causea where IL tho remedyl
sh3nld be the cry Of all llumanttarians.
not ~ te pe9pac fan,re tooa every ,ear ,honld
circulate 81 every yearl mo man can be compelled
70 cirrnlate bis money, or loan or Invest 4, II he
oons 10 y, want 1. t9'TEn DOES not thc ono htnge
etsc en ts olhert . syoeate Natonal Bank to oe
NeT fnTk. VIII, branches 10 every city and town
1n the United States; all other banks should 10
aaools.aed. And into these banks run BY tho
mosesnment, n that Is tho people, should be In
wise IN use. It should he a criminal ofrensc to
noaTd OF e7porf tile currency. II pcrson leaves
thls countrT he docs not take With him grccn-
PACK to circulate in England; therein lies the
hei,sns heme,ls to people tn having papcr money.
9ellere hard money to he an unsnIttgated evil.
trust to your farncss to insert this latter. re
n,st an wsonS f lot your enlightened
t9uch banking scheme as above advocated
WI not furnish III extra foreign or home do
mand Tor goods and wares In cxeces of tho
natural demand. People will not buy more
manufacturcs than thcr need ns can pay for, and
they can't pay for more than their earnings will
purchase without going into debt ard bank
ruptsy, aud crippang and perhaps running their
creditors. It Is not moro currency that Is
nccdrd-thcre Is too much now for the scantY
business doing. What Is wanted it, arst, coud.
aencc In tho future Of nricee, which in turn
legots speculation. and that makes demand
for labor. money. aud product: and, second, q
foreign market for surplus production, which
will prevent panics in prices and paralysis Of
proluction.-Eo.1