The Morristown gazette. [volume] (Morristown, Tenn.) 1867-1920, 1878-04-03
MONEY j. AND IMMIGRATION.
a PRACTICAL Farmer TELLS


To the Editor OF the MorristOwn Gazette:
Politics in the United States have at
last reduced themselves to a single sub
ject. That subject is money. More
money, less money, good money, hard
money, different sort of money. These
are the hobbies This all results from
the fact that the masses feel the need of
money One politician believes that
when the government and the banks
reach a special basis, confidence will be
restored, and the boarded millions viii
find their way into trade. Another be-
lieves that if Silver should be coined in
great abundance, and have its legal ten
der character restored, that then the
dollars of the daddies would become
plenty. Another sees bonanza for the
greenbacks. Well, Congress has res
tored the dollars of the daddies but so
far it has done neither me nor any OF
my Heighbers any good, for the simple
reason that We have nothing to sell 20
get the dollars with. If they would
reduce the bonds with greenbacks, it
might give me some relief in some way;
but when I come to think about it, 1
can't see how l would be benefited, for
really have not a single bond to sell.
True, if could give the kind of security
the Wall street man wants, l might
borrow, but have learned by sad ex-
perience that borrowed money is worse
than no money to the ordinary nam
Last month neighbOr of mine came
to me to borrow $50, "a very foolish
thing, for had not had dollar surplus
money in a Year, He said he was com
PEELED to pay his taxes, or his land
would be sold. Poor fellow, he had a
good farm of $50 acres, and only owed
about $1,000 on it, and has been for
years working hard to get it under
fence and get barn built, and get fixed
to live 1 met him yesterday the hap
piest man have seen in ''cOon's age"
He pulled out his pocket book to pay
me for some hay l sold him, last sum-
mer to finish making his crop, and l
observed that it was plum full of mon
ey, several 800 bills, $2Os sos and Sos
were sticking out at every corner. OF
course my first inquiry was to know
where he got so much money. He told
me that five dutchmen from Pennsylva-
mia had come along aud bought 2OOacres
of his land at SO per acre, and paid him
for it. He said, II am out of debt-haVe
as much land as need and have over
81 700 left, which 1 am going to deposit
in the bank"
This set me 10 thinking after this
manner; In our county there is about
1 $50, 900 acres of land. This is equal
to ?, 500 farms of 80 acres each. This
land is owned by less than 700 men
Suppose these 700 men should sell off
till the farms average 80 acres. There
would thus be 1900 farms of so acres
sold, or 900, 900 acres of land. Suppose
this should bring only So per acre.. 1t
would bring into the county s., 500, 900
in money and take not cent of any
thing out of the county 1t would
make of our county the very richest
county in the state The richest in
money, in improvements and in produc-
tive capacity. The whole county
would soon become a vast collection of
gardens, schools, churches good roads
refined society, manufactures would all
follow. as sure as day follows night
This way is a legitimate way to make
money plenty. 1t is selling something
which we have-really about the only
honest way there is to de that thing
The wisest politician therefore is the
man who can suggest the best means
to induce immigration. The most fool
ish man is the man who invents the sur
est means of keeping immigrants away
As IA rnle, people want TO settle where
the community is honest, Intelligent,
hopeful and not Over-taxed. As mat
ter of fact the people of Tennessee upon
an honest basis pay less taxes thai any
of her sister States of the Union, save
about six. When the politician, there
fore, says we are over-taXed, he tells
what is not true.
But are we, as a State, honest No
use to Disguise tie fact People hunting
new homes ask this question; and as a
rule they will go to no State from which
a negative answer is returned.
do not undertake to say what is the
best means to induce immigration, and
therefore wealth and prosperity. But |
do undertake to say that the cry of re-
pudiation is the very death knell of i'm
migration and therefore the death knell
of our prosperity.