The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-01-01

s212,67O,s4s
Total. .si6l, $40, $50 s212,f
Total of all collected 1914. lOl, 423.

tieW of american Politics. Rumilin.)
1t is estimated that 81 .0G0 600, 600 have
thus been drawn from consumers of the
taxed goods, daring the first 100 years of
our national existence. ,"And this
amount represents the degree OF re-
tardation. that has been borne by the
west and south, they being deprived of
that amount of capital which their soil
and labor; had created" Yet the pro-
tected industries 60 are still unable to
stand alone. Ths families of workmen
in these industries are suffering for
food the men are out periodically on
great strikes The owners of the pro-
tected industries are in Washington,
lobbying for. more protection; and
largely because of this tariff. Socialism
threatens the country with the horrors
of communistic revolution. The
national treasury, also. vilainously re-
plete with the earnings of he people
furnishes Mr.. Blame with the idea that
the surplus should he distributed anong
the several States thus, while ole set OF
men would be engaged in collecting this
money, another set would be engaged
in giving it back again.
u,-oF TIE NATURE AND USE OF MONEY.
It will here be necessary TO consider
briefly the worth and f notion of
money. The real and only use and
value as such is to facilitate exchanges
between individuals. Every on that
has an exchange to make becomes q
consumer of money, which article i
thus suDei " in function to many other
arli les of wealth The need If suc h as
article arises from the fact thar no ,in
gle iudiyiduai directly prodnc ii he
consumes. or uses; aud ach une con-
sures very little of what he himself
produces. Without some Kind of
money barter must be carried O,
Il rGctly for the articles We use and
must necessarily occasion much nncon
veuience. The hun .ry cutler must otter
the baker knives for bread perh ps the
baker has knives enough, but wants d
coal but the tailor may want Butchers
meat, and so on. The cutler will then
endeavor to give his knives for some At
ticle that ihe baker and all others VIII
take. not that ne wants this article but
what he Can get far it. Now mo.~v Is
this article. Money is valuable, not in
itself (unless it ha pens to pe gold Or
silver) out for what it may be *
changed. As mOuey it is cOnven
fence, not necessity; and it disappears
as completely from every transaction as
If it had never entered into the transac-
ton. Should q tradesman say, II do
not want other products for my boots
and hats; want money" there could
pc little difficulty in convincing him
that his customers cannot pay him in
money without having brst procured it
by the sale of thvlrt own produce or
labor. The farmer will buy from him
ii crops are good; that is, he viii sell his
wheat for money, and buy boots, etc.
with the money. In reality, therefore,
the farmer exchanges his wheat for
boots, etc., and the money was only
convenient means by which 1T was done
Indeed, heswill often sell his wheat
ireetly foTthe articles ne needs. with
out first converting bis wheat into
money. The tradesrMan then sends of
the money for the things he needs, and
30 on. In b0tn cases the money has
Disappeared. as it will GO in All cases.
Ii W, say money IS lost when spent,
it is as hopeiessly loss spent III one way
as In another. Money belongs TO what
political economists call circulating
capital, and is consumed each time it is
used. At first II is NOT easy 10 see how
nbe et,in Il consumed at all except by
slowly wearing out; but when money II
exchanged, II requires the same amount
loi la Dor o p7Jduce to get It back agalp
,Cna5 1t requires ~ get new coin troin The
mimi. Theirs is 30 truth In The suppo-
sltion thai the money viii be of use to
DIS after spending it; ii is of no use TO
auvone but It's possessoF, and the pos
SCISSOR exchanged full value for it; so
mu F.: any one else thatacquires it from
him.
If a Traveller comes aBiong us and
spends $50, IL must nGs be supposed that
we gre $50 richer by this occurrence.
We the traveller goods or other
yaluao 5n exchange for bis money
But We, 10 doubt, produced the goods
at a lesser cost than $50. and we are
/ richer TO lust the extent of this differ
ence between cost and price. Til diff
I ference might amount'to IS or $40, but
wonld never approach $50. Nor would
we have lost anything had the traveller
exchanged goods with US and take
away our money. Unless we had been
cheated. we would be richer after each
transaction of this kind. Ii we should
export so much money as to make that
article scarce in our own country, de-
mand for it would spring up right here
it would return just as wheat or iron
would flow here if needed; and it would
either be exchanged for our own pro-
ducts or it would be loaned to US. The
only circumstance that could deprive US
of the money would be that aos haze No
products to give in exchange for 1t. II
| is sign of prosperity when goods are
more abundant than money, and bill;
of exchange have to be made out; OF
| when goods are too abundant to be con
tanned by the warehouses or to be- car
ried by the wagons. Prosperity con-
sists neither in high prices nor IN low
prices, but in plenty.
No one supposes that, If a tailor sends
81 OOO to England for broadcloth ane
woolens, the tailor will lose$1 600 by the
transaction. On the contrary, we ex-
pect him to make profit by SO doing
otherwise he would not have troublee
himself to send to England. He vii
now sell the same cloth at an advance
say of 20 per cent, and will receiv'
81 200 for it. Evidently the tailor
$500 richer; nor has any individual los
ANYTHING. Who, then, is the loser Q
, the SI,O002 Not the tailor, surely: d
has now ST 200. But if the owner OF tn
money in question has not lost it, VIII
| ,r4c na n "a