The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1891-10-15
A rio.ous or rotton stomach will nearly
always gratefully receive glass or moro
OF hot water.



II might be supposed, by those not
familiar sith the subject. tho, the mesns
used 10 pay the Western farmers Tor tho
sraiu they raise sas cell we're easy and ain
pie A moments hcsilslion will shos. on
the contrary, that il IL one OF the most com
plex Of hpsncisl operst,ons
The farmer sells his grain 10 large ship
pers ip the nearest town The shipper
usually sells il to grain dealers In Chicago
or New York.
II these dealers have orders for "home
consumption. in which most Of the crops
are nsed, they sell i, 10 the millers or man
uiacturers. who in turn, after making II
into -four OF corn.meai, or other finished
forms Of food, sell il 10 the bakers or TO
the people who bake il for themselves. II
the orders come from foreign countries.
the dealers send il scross tho ocean.
The people who make the final payment
for the farmers grain. therefore are scatter
ed all over The world, but chiefly the
thiokly populated cities OF our Eastern
States.
Up 10 the time when the harvest is gath
eiod, there is less peed for actual money
10 the West. because large payments are
made in bank checks, which in turn are
deposited in Other banks. But nov the
farmer must be paid, and living as be does
in country district, he wants the actual
money. Banks checks will not do.
The people Of the East either owe tho
money already for their grain. or else they
soon will owe II. And so the bank employ
ees OF the Eastern cities. where most OF the
actual money circulates. are busy week
after week, tying up bank notes 10 psoka-
ges. and sending them by express TO the
Western States.
Two or three million dollars OF ourren
cy sometimes leave New York and Boston
in single week for this purpose. There is
for several months actually far less money
than usual in the AtIsptic States.
How does the East Get its money bsckf
To answer this question, one must oorsid
or what the farmer does with bis new mon
ey. First be puts it 10 his country bank;
and then he pays it out for wages or liv
ing expenses, for clothing, food which he
does not raise. railroad fares. farm tools,
and 9 hundred other things
But it is tie great manufacturing cities
OF the East which receive payment for
such things. And so, Wien the autumn
and winter comes, the Western banks pack
up the paper money sgsiu. and send II
back to the East.
If foreign countries have had TO buy
vast quantities Of our grain. the county
may get still more money. So long ss We
sell Europe exactly as much 10 value rs
what We buy, tue two accounts are on'y |
checked off against each other. But il.
for instance. the export OF grain is SO large
that we sell in one year seven hundred
million dollars worth Of goods, while We
buy only six hundred and fifty million dol
lars worth. them Europe must seno over
to us on it's steamers fifty million dollars
in good money.
That is to ssy, this would be the case II
the merchandise trade with foreign coun.
tries mere the only thing to be considered.
But as matter OF fact there are many
other things to complcnte the accounts.
For instance. we have to pay large sums
for freight. which is carried chiefly 10 for
eign vessels; aud Eogsnd has large invest
ments in this country, the interest on
which must b. paid. thus diminishing the
amount OF money which would naturally
come thither.
But whatever the balance may be, niier
oil the accounts are settled, 1t 10 paid in
gold.