The Caucasian. (Clinton, N.C.) 188?-1913, 1891-10-29
"A WORD WITH BUSINESS MEN,

We arc glad to reproduce the following
editorial from the News aud Observer.
1t is on the right line and will profit its
readers more than the abuse Of men and
the ridicule of measures. Let business
men consider the points in this editorial,
for certainly they are equally interested
with the former to change the present
blighting financial policy Of the govern
ment:
sThat there is need for more currency
in the United States Is evident from the
fact that there are many moro failures
in business than ever before. To be sure
this can be accounted for on the ide
that men in business are not as pruden t
as formerly, and take risks that they
ought to take. 1t might also be caused
by wild spirit of speculation but as a
matter of fact there has been no specu
lative mania Of late, Railroad building
has, in large measure, ceased, and In
stead of there beirg a disposition to
speculate, the stock market, which is'a
fair barometer and which has been very
dull, indicates that never for years have
the people been less engaged in such
ventures.
The average prudence of men engaged
in business may be said to be constant
quantity. Some are prudent; some in
cautious but incautious about what
About crediting customers beyond their
ability to pay.
The philosophy of the matter, then, is
either that business men do not buy
wisely, or do not sell wi:ely. But they
are the same men in great part who have
been in business for years, and they pos
sess average wisdom and prudence in the
management of their affairs. In the
absence of any speculative mania which
involves men and suddenly dep-ives
them of the ability to meet their engage.
ments, it is apparent that failures are q
fair index of the general prosperity OF
the people on whom business depend.
for success. Business bling in bad con
dition as shown by increased failures
widely spread over the entire country,
while crops have been plentiful and the
factories are turning out cheap goods,
the conclusion is irresistible that there i.
an insufficiency of currency for the use
of the people.
If by an increase OF the currency many
failures might be avoided, and the gene
raj condition of the country improved
who will interpose an objection TO tie
favorable change9 1t is the peoples af
fair. 1t is the people whose coudition ii
to be affected. They are the country
Shall the country be made to prosper, o.
shall unfavorable conditions be perpetu
sted? We do not urge that any wild Fl
nsncial schemes that may lead to disas
trous results should be adopted, but VIZ
do urge that the business men should
ponder on the business situation of tn,
country and ifthey reach the conclusion
that business would be improved and ths
condition of the people would be benefit
ted by a more liberal policy In hnancia
matters, that they shall present theil
views and secure that improvement which
seems to us to be so much needed. Le
the men engaged In trade, those who
have dealings with large numbers of Gus
toners in the various lines of business
examine into this subject and see If thro
their wisdom and experience favorabl;
change cannot be obtained"
Yes, let the business men join with tn,
farmer in developing such change ii
finance, and the relief will come quicke
for both,