Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1893-07-27

IT. SA-Af~fAtAf-t NCNNfORfhf
The fexibility Of our new method,
has again been demonstrated by trial.
Commercial salvation, like all other,
is progressive. Ii is or is not inher-
cnt. If not inherent, there is none
for ii. The aspirations Of the multi
tude are like the sap in plant--tend-
ing up and out-ever renewed from
the laboratory Of nature. II is not
our wealth alone that saves ms this
time-it is our wants. We are rich
in wants-none 50 humble as to be
free from desire for dress, none so
poor as TO be unwilling To be luxuri-
Gus ,every]body ambitious, everybody
desiring everything. Diversity Of de-
mand doubles dividends Diversified
demand means diversified products.
Demand makes product available, en-
larges the field OF credit, promotes
wider availability in assets. quiekens
and limits liquidation. II softens the
pulse of speculation and imitation and
fills humanity with new impulses Of
progress through the conscious power
of present possession.
The United States appears 10 have
in use for treasury and business pur-
poses Of Exchange, about ~ ,l65, 900, 900
in paper money, 5000, 900, 600 in gold,
$500, 100000 in silver, and about
SIG. 200. 0.000. 900 of annual product,
which is largely available as money,
because Of Il quick demand, and the
cooperative modern methods of
banks and clearing houses, by which
our exchanges between ourselves are
adjusted without the use of coin. The
principal European banks hold about
S32, 600, 900 more gold than Il year
ago. and trihc less silver. The
United States has exported. in the
year ending June 30, ss7 500, 463 more
than was imported.
In discussing our present gold and
silver problem. il should never be for
gotten that the variety Of available as
sets which practically reduce the
of coin necessary IN exchanges
has materially increased in recent
years We market annually in wheat. /
corn. cotton. other cereals, live stock I
and meat products and the manuiac- I
tured products of our mines and for
ests, an amount of product, much Of
which may be called readily available, 4
because Of the constant and growing +.
demand for il, which i infinitely in
excess of anything the people of the
last generation knew. Our complex
civilization demands these supplies,
and this demand is our greatest source
Of strength.
The United States. considered ~ a
Whole. Is productive, cooperative
plant. with an assessed valuation of
s65, 600, 600. 900 and an annual produr-
i've power Of 5000. .00O. .OOO or more.
with foreign debt. payable principal 4
md interest in gold, of probably
4 .000. .000. 600 or more. and an annual
Iade with foreign countries for about
10 per cent Of our product. for whirh
We receive other merchandise and
products in exchange. the balance be-
NJ sometimes against W. and SOME
imes in our favor. The problem i
arge but simple The question is.
an we swing the load? Our answer
:, as long a. We ourselves use 30 per
eni Of the product and our debt i
railway indebtedness.
ve certainly can. II we check home
the situation loses some
lements of inherent strength.
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nd positively cures piles OF no pay required.
I is guaranteed 70 give full satisfaction. OF
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