The weekly democratic statesman. [volume] (Austin, Tex.) 1871-1883, 1877-07-26
WHY MONEY rs ARfE.

10 iSdae inOnCy piedlIlui ptopiC
should sell more than they buy. Farm
ers are in fact The Only producers,
and through th,ir cotton, corn, wheat,
pork and beef money is brought into
Texas. While 1t ID gratifying to con
template that this year the State raises q
bountifui supply Of farm products, |: is
a lamcntable truth, owing to the short
comiDgI, or the parrow-sighted policy
of those who do not till the soil, the
moneyed men of the country, that al
most every article manufactured comes
from elsewhere. The people Of Texas
buy everything from thrasher to an
axe haadle, every article of apparel
hats, clothes and even shoes-fron the
North and West. A few vehicles are
manufactured in our midst, Lu. every
piece of timber placed in these wagons
and bugg es is prepared outside os the
State, and ouly little work is neces-
sary to put them together here. In
his wny, wl'h importing ever
bu'ter while living in land of
eternal pastures, of buying Bacon,
lard and even dried beef and
every delicacy from other States, Texas
is each year drained of millions
brought here by immigration, and
from its staple productions. More
money goes out than comes in, and
year by year traders and farmers fall
beneath the tender mcrcies of those
who hold mortgages on resi- estate, and
liens upon goods. Not -Y0ugh COM.
in to balance what goea ~. FIR farm
implements that could just as well be
made here as elsewhere, fabrics that
could be manufactured more cfeaply
in Texas than In New England, leather
made in Massachusetts, that was pro-
duced from Texas hides, fruits from
Baltimore when as good may be pro,
due ed here as anywhere in the world,
butter from New York and Kansas
when a blade of grass costs ten times
more there than in Texas, and thus
through the whole catalogue of our
wants. Scent per cent" is what our
moneyed men expect. Nothing else
satisfied them, aud while they would
real'z, heavily, aud could do so In es-
iablisAing manufactorie', they hesitate
in doing so because they have been
thoroughly initiated into the old
plan. Industries never bankrupt a
community, but mortgages on real es-
tate do. The one makes activity and
Intelligence, the other, wholly re-
sorted to, produces inactivity, and
often wickedness. The one makes
veal h for community, the
other brings it only to individuals and
increases poverty. Let money diversi-
fy itself. We would not have it alone
invested in manufactures, but while
he farmer carries debt upon his farm
he should find ready market for all
ne can produce. The mills should
'ake his grain, packeries his meats and
vegetables and fruits. Goshen and
Western butter and cheese should be
frj .cted, and better products at less
cost secured at home. Tanneries should
be established, cotton seed oil factones
| Quilt, and woo!en and cotton aud -four
ing mills should be all over the State.
Then the farmer, finding home de-
mand for all he might produce or save,
and buying what he needs at Q reduced
price, would make punctual payments
and money would be plentiful. Saliva
tion to the people of Texas lies in the
fact that they should sell more than
they buy, and when this is the result
they will not remain the hewers Of wood
aud the drawers of water for those who
have already grown rich upon short
ightedness.