Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1890-03-05

i ~ S4tGS ~ ~ tPS-TTNE4N.
'nrcaent dependence Of the naturally
slaifiless clement.
Much confusion aud ~foolishness
s0l thought and argument results
from ;deaIizing u government as
some indefinite third party having
4 huge purse from which what il
gotten is pure gain, something for
nothing. Such q view may have
some validity as to the aristocratic
snonarrlies nf the old world, where
countless millions OF treasure are
exacted and sqnandcred according
10 The caprices Of the privileged
caste. But in our government "for
tho people, il is certain it any per-
son, farmer or banker, gets q dollar
from the treasury more than he has
paid into ii, il must have been paid
lii by some other person who hos an
equal right to demand the use Of
some other PERSONS tax. As one Of
the people, when | hear some
scheme to obtain nh unworthy PEN
sion, advance on products. etc, ]
often say 10 myself, He is trying
III use tho government 70 get 4 dol
Hill from niy pocket into his.
The scheme Of farmers borrowing
government money IS merely trans
ferring to that class the money or
credit exacted from come other class
Of the 10000, 600 who are growing
poorer. Equity seems to demand
that our government should not lend
money or credit to any person or
anything. national bank or, other
wise. / favor government issue OF
paper currency direct, without the
| Intervention OF national banks. pro-
| videa the volume can be protected
from popular clamor and change OF
parties which might'constantly UNI
settle values, from which unsettle-
ment noae would suffer sooner or
| longer than farmers and workers.
III considering the volume OF cur
rency in circulation we too often
overlook the fact that during and
soon after the war, government
iyonds OF $50, 500, and other de-
nominations with their coupons
were largely in the hands ofour Own
people. who used them ms currency
In large transactions. Troops and
contractors were paid in them, and
they in turn paid others. Now by
retirement. European investment
bank security, etc, these bonds ne
longer circulate among the people.
who feel this shrinkage OF Il billion
Of currency
Al large share Of farnn mortgages
may be explained upon q basis yer.
complimentary to the farm itself
.lOwner No. l gets the farm OF uncl'
Sam for nothing, and soon sells ]
to owner Ne. 2 for, say, $1,000, Q
which $1,000 is OH mortgage. Own
Or No. Q firms it until it raises tn,
debt, and then sells it to owner No
3 lur $500, Of which $1,000 i
mortgaged, and then sells 10 owne
No. 4 for $1,000, Of which $500 !
mortgaged; aud so on indefinitely
Ii ii safe to say lhatin older section
J many farms have lifted purchas
mortgages a dozen times or NOR
If one will reflect on the innumel
able sales OF farms in the Unite
{ States in a single year, to psntit
z who pay but part cash, he mus
conclaae that billions Of dollars (
! mortgages are given by poor men Q
faith that the farms will eventual
y lift the debts and place them j
J. comfortable circumstances, with
home Of their own, which is mo-
7. than the average city mechanics Ca
y claim. The amount OF mortgag
may indicate the exact opposite
Y increasing poverty.
Farm machinery may be it's ow'
!, er's blessing or curse. 1t restrictt
. in use to produce 80 per cent.
J, our current crop (it is ssid we e
3 port but 10 FER cent?, then the farl
:, rrs' muscles aud back will ache le
aud his purse ill more, because
y eau command his best United Stat
l. market; though he should not {,
4 get that a high selling price for hi
(, means q high buying price for q
!, others Of tie II 100000 families W
are growing poorer.
Coal. iron, flour and other pl
@@ r.. Il. ~. .,..xtNs.la IRA p.sGt f3rf r.rI.stV
ofition, clear their markets and raj
prices. and why not farmers imits
. iheir tactics? StlisIncss expiai
Il. that while farmers in the aggrega
4, commend restriction OF yield, y
81 Individually each exerts himself
IA Augment his yield slyly, to unlo.
q, al the expected advance; aud
e, crowds lis machinery, muscles a
rs back to upset his theory. lnste
81 using his machinery to obta
ease and leisure forhimselfana fa'
Ct iIy, Ia educate and recreate, he II.
~ /. ii ID break down his market and o
IN brute his family.
The farmer llas d most lionoral
Z. te 4 %HEN.E.. ARHE%1 aF. .EMNEgMYt, EE ~.
AL and far reaching calling, the ba
ey of nar,y other occupations and
tprests which can not long pfosl
if the farmer continues to be pine
ed asnlow. Many signs porte
ers one of our periodical eras Of depr
sisia for which the wary will IL
raj their sails. is yoH say, the stri
gle is on" hut then i. ever WAS
DO aaa ever will be on, each geaerati
having pinching problems Of its o
lid to solve and bear; and we hi
rm faith enough in our children n
al universal education not to try
solve their problems for them;
sl Fit is we'll for us to counsel tosetl
ia of our own troubles, a s eyerybod,
N4E@F.-zs n - 1 -& .,.ar. aIk.a ,at,N.l.,4