The Durham daily globe. (Durham, N.C.) 1889-1894, 1891-08-12
BANKS AM MONEY.
The otherS-Well
No matter.

This seems to be a great topic these
especially the News and Observer. The
real fact is that banks and money have
been for some time. The day is not very
far over yonder when the coon skin and
other skins passed at certain commercial
values-repreSented SO much money, and
they were current.
The banks Of today are the greatest
help, and all this hue and cry about ma
tiOnal banks being frauds is the mere
blating of demagogues. There is moth
ing in this world, of a commercial value,
that is not in demand. Supply and de-
mand control the markets. 1t is true in
all things. If there is a demand for
thousands Of bushels of wheat, and the
supply is but hundreds, in the very ma
ture Of things the price Of wheat goes up.
Reverse the order and the price goes
down. This howl that spectators con-
troll the market is idiocy- The speculator
is the fellow who makes good markets.
Often he has lost his millions and the
millions haye gone out to the producers.
1t is a matter of history, although the
history was cheap fiction, that ROBINSON
CRUsoE had all he wanted. He had goats
but could not sell them. He had butter
and could use only so much. He had
money that rustcd because lie could not
use it. When that grim and shipwrecked
and Lonesome vOyager found his man
FRIDAY ana the other shipwrecked crew
he had demand for his supply. 1t took
more goats and more butter. If they had
had money he could have sold. They
had no money and he had no use for
money, so he gave away his product.
If the farmers Of America raise too
many bushels of oats or corn or too
many pounds of tobacco to supply the
demand, the fault is their own. If there
are too many farmers the fault is not the
fault Of the men in cities. 1t is idiocy
again to ask for more money. The thing
that farmers must finally do is to diver
sity crops; to get out Of certain lines
and engage in others. The cities are
growing larger and consequently the de-
mand for products of all kinds increase.
If there were but a hundred farmers in
Durham county they could all get rich.
1t is a crowd Of maggOts, each preying
upon the other, and the demagOgue try
ing to lead those who are unfortunate.
All men have a chance to make money
and when they do not make it, but lose
it, they are simply being robbed.
The honest way TO d. is to produce.
Bring something into the market for
which there is sale. Suppose there were
ten newspapers in Durham? Well, about
seven of them would starve to death.
The newspaper business is not Oyerdone
The farming business is. Then it comes
straight home that if farming does not
pay, get your sons out of it. If YOU all
raise tobacco, raise something else, say
half Of YOU. 1t has been impossible 10
get a chicken in Durham. In the early
season merchants have paid express and
high prices for vegetables simply because
they were not raised here. Suppose a
hundred men had raised vegetables near
Durham and let their tobacco alone.
They would have made money and the
tobacco crop, reduced in supply, would
have been in greater demand. Suppose
a hundred farmers would pay attention
to live stock and Danish the razor backed
hog. The consequence would be that
still another hundred would stop the to-
bacco business. So all the way through.
Diversity of crops and attention to other