The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-06-01
RAPID TRANSIT.

commodities and producers, so as
A. them to exchange products in
.atbus supecede the use of money.
al that believe the aggregation
in Wall street and in the vaults
eminent and other repositories
. nsult of the rapid development of
tom of transportation by steam and
-h;.b enabled the exchange of COM
,s ui in Kind to such an extent as to adj
he withdrawal of those colossal
a money from the circles of trade
nj sny perceptfble stringency in the
,tion among the people, or detriment
ronme of trade. | might produce a
,%nle illustration within our own
Galveston receives and sells las the
:, Goes but in truth exchanges) about
y nsillion dollars worth 'of cotton in
mace of four to six months
var, Does anybody suppose that
aere ever thirty or even three mill
iJsrs in Galveston in any one season
.ioly not, but it is exchanged for cof-
,r,lr. salt, groceries, dry goods, no.
Implements, liquors, wines, and the
,J the tritling balances are adjusted
N or monthly by entries on the bank
~ and might be settled in full with
'irpr in circulation in the town. But
ve these products originally gotten
|, Me- PRODUCERS and brought to Calves
Imexchangc? BY means of rapid steam
E,sOrtstion, the necessity for long trust
SDfdence is avoided, and the bills of
NJ accompany the drafts so that with
I,d of insurance 10 protect all parties,
The commodity is in transit, the pro-
l hin of lading and draft all come to
M together. By means of rapid
I',gortation, insurance and the
furnishing dishonesty, the most
nt or widely separated
fOus of the country are enabled to
"A their exchanges in kind. Now | ven
4 70 say the examination Of the history
IIcountry S trade and development for
rsst twenty. five years will expose the
| That the extension of facilities for rapid
| ii and the aggregation of money in
| hands of q few have moved pari passu,
| assert it to be the fact that the vol
Of currency necessary for trade de-
rs upun the facilities for rapid transport
Ian of commodities and not upon the
IDunt Of trade, and that an increase in
domestic commerce will not necessitate
Increase of money if the facilities for
deportation are cOrrespondingly increas-
|Nas to enable exchange of commodities
Kind Such an investigation would de-
|ape and prove more than every congress-
Ei speech and state paper on the subject
what is dignitied (and mysuiied)
|h the title Of finance utter
in the last quarter of a cen
Ey Finance is myth and its
ElssiOn is generally q mouthing num-
BY. Senator's and secretaries alike grow
elOmlcal at its mention and straightwa y
lin to swell and muttera jargon ofstereo-
Td stuff which brings to mind what
EdibraS says Of the wondrous individual
Jose wise looks and sounding phrases
Used many
~ -. TO think him circumclsed,
lli 80 in truth, he was perhaps,
SaSs prosclytc but for = 80
The commerce Of the world is as simple
the exchanging accommodates by neigh,
FARMERS who grow different products
sneither mysterious science nor 20
ial problem, but a simple subject which
'lSeptible Of solution by the common.
'wmm0n sense. 1t has become involved
1mesh by protection tariffs and finan
lioolery uttered by sonorous senators and
Ii'ileal secretaries, voX ct preterea nihil
0Hey is o necessity, but 1t is secondary
teSlty. The prime necessity is exchange
products and common sense suggests
consideration of the main subject
iher than the incident, in controlling the
sequences, But congressional Quixote'
aolnet Sanchos insist that the innocen
'cmills are veritable giants, and th'
lllg herd Of polhouse politicians ant
l,dog statesmen are in q perfect frcnzJ
adniraiion at the display Of strategy ant
sets exhibited by the gallant knights il
u fearful onslaught. They are deafen
'he people with their bombardmont
lgby battery their laundering shells
Oame OF currency, balance Of trade,
ilni iorreyenue, protection to hom
lIlHry," foreign markets." and oC
NonaIly a Chinese stink-pot. Blu
,lsh OF all this. The question | sub
yea IN my former article was whethe
uniting both dangerous) aggregated cap
N money or railroads was more easii,
u, lliolled by the legislative power OF tn
'1e one is held and kept away from pub
sght or control, and may he locked u
%'e concealment in the very centre q
homestead, secure from the power Q
or officer Of government, whence
issue TO corrupt society, control legis
pn' bias justice, suggest usurpation an,
'pGft tyranny. The other is created b.
WI OF the people, lives by suileranc(
De regulated by law, to which il is no
amenable in theory, but subject Il
" may be arrested by the posse
icy the forms of law, or destroyed by tn
re whose power II provokes. II mus
y Times he subject and exposed to tn
'sSative, judicial and executive contrc
'oe sovereign people, while money cap
!! hidden securely away In Europea
us may exercise every corruptin
'et IN American government and Amer
!, society Of which capital is capable.
,nlSh can be more easily and etlectuall
uolled Let the people consider, anC
Jug considered, answer.