The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1891-12-22
ITS ORIGIN.
Money Misnamed Capital--The National
Banking System--A Remedy Pro-
posed~-An Exhaustive FL
nanCial Argument.
nanCial Argument.

AIR. EDITOR In the childhood OF the
race the human family's wants were
small and were supplied by the chase.
AS the ace advanced towards c~iviliza-
ton their wants increased and they
were supplied by barter and trade.
Continuing to make progress they
reached the point where they found it
inCOnvenjcnt to make their exchanges
by barter. They sought something tnat
would represent the SUlst nee and
would be readily received for the sub
stance. This was the sign Of the sub
stance and this waSthe origin of money.
Their wants were few and they needed
but little Of the sign to make their eX-
change. As the race advanced in civil
iZatiOn their wants increased and the
demand for the sign increased Ill the
am ratio. 1t IS now an aXIm The
higher the civilization the greater u
wants, and the more we produce the
larger the amount Of money we need TO
exchange it. The half civilized consume
more than the barbarian. the civilized
pl3re than the half civilized AMI the
highly civilized more than the civilized.
1t follows as a sequence that when a
nation has reached q point where it de
mandS money TO exchange the
substances, and ii IL Is not furnished.
civilization is retarded and the growth
stunted, and il there is a cOn-ractiOn of
the volume of money and this is per
sisted IN it leads to national decay and
eventually death. Money bears the
same relation to our industries aS blood
does IN the human system Extract
y from the channels of trade and
orr Industries I3uguisb rs much 50 as
the human system languishes and be
comes anrpahiad Lv deDlatinr ito blood
"hA 7" NEED -NohH MoNhl'
FIFTY - sixty years ago We h2d 10
mammoth machinery, out 1t Its place
we had b hand loom, spinning wheel
and the slow coach. Nearly all we
consumed was made at home. The
wagon and the blacksmith and country
lanyard took their living In barter FOR
their work. The volume OF money
needed to make III exchange was
small. All TINS IS changed. In the
place vi the SLOW coach and the SPIN
ming wheel We have the IRON horse ana
!Ltl-LIo-1 ~iltcnlIetS, Al we PiUu1te
- ~ JAcl'n3eu LOT VIZ We ""HV'
much neT raTita to he aIch3nr~5 ~ We
Ala ffrv ,.aoIs 500 ba,no we 80 F wv
- = ~ |--l-I " $500
We consume tvir9a as mIrh Of the
nocaC.o r;1, orI IIxlIrics If Eso - anv
- sET IsVF4T ION IN N .ITlntlA / ~
coIs r,,. t,r;n0 ~ rTIIcI ~n,92rn1- nc NV
C+bor na-;,I O,r 1tHnl,iatinG o~4n,IiSs
0T-ar 1oTI,o and trnEInt Tho +o,,i+n,u- If
(iiE,oI nl,,"N.I- =, E,T~na lTTbG;ll
"afI, r,r I-o,,o roa1o& 1l-oaral v,,,1~
natilr a1J hoTno Scora of ndovSLInn3
rnsoTTraoe where F~IIronnans have Gno
This calls for more money. II IS 2
money famine that is distressing the
wealth producers, coupled with our
pernlcLQl5 system Of getting It III CirCu-
Iati0n. Over six hundred millions of
our gold and silver certificates are SO
large they never get into the channels
of trade, and for all the good they do
they might as well be in the middle Of
the Atlantic Ocean. Hundreds of mil
lions more are kept out Of the channels
of trade to gamble on stocks and the
farmers produce. What benefit is un-
limited coinage of gold and silver if the
denominations are 50 large they never
circulate?
RETURN TO THE PEOPLE THEIR CONsTTTr.
TTONAL, RIGHT TO ISSUE MONEY
o
hLG!HuSooCL o. Cis04 Alu2 0o205' !IelI
mano[- All nonS 9C ica,I"J r,I,Ht au
;n+o c;rc-1ot;1. ~ ,Tino ,aUGo1P S
LIZ utc|t"TloI ~ P"yIHS d" Pol y VI
tne lEttlol'dL tAPCII9eS, LeUuGTl9 govern
m mei,id 'a az 80 ~ I'm HLn9 o6anIois o tu tno 1lo aeg
moui 3 - IlCoC l? tnrndt 49, vi cue anu
mouIu dI"rG ~ HrC4 I've &c efT +po Lill6 moUes
" SPoiIGT nr'ley o"I 9h ti ne CIlaillleIs VI
T"nTi rarform al the axcban o"99 of the
"0:l1 P GtioIIt o. i - 4 - -
VI '"N' IN ~
IN 00ulviS
H CREDIT OF THE PEOPLE
Our servants in Congress created a
system out Of the credit of the people,
then called into life a corporation out
side of the channels of trade, loaned