The Weiser signal. [volume] (Weiser, Idaho) 1890-1904, 1893-06-08
THE WEISER SIGNAL.
THURSDAY, JUNE 8. 1923
ABOUT MONEY.

@e>AA @Hs<A~ VI AfOASJ. W y arc NV Oh
happy, and mainly for the reason
tliat we haven't our share of money.
What do You suppose our pro rata of
the money in circulation in this coun-
try is? A statement by the national
treasury, under date of May l, shows
there was on that date 81, 500, 028, :
1856, or $23. 81 for each man, woman
and child. If Uncle Sam should
conclude to retire from business and
divide his cash among us, share and
share alike, we would get just 1923 81
apiece. This is taking the official
figures at their face without looking
any deeper into the matter; but read
what the Salt Lake Tribune has to say
about the subject:
The way the Treasury Secretaries fix
up the public debt statement Is enough to
paralize ordinary Bookkeepers, By the
last one we learn that the public debt de-
creased $3.50, 1875 during May; that the
interest bearing debt increased SO. 900 and
the debt bearing no interest $6l9, sos. But
no matter. The closing paragraph says
that the circulation is $23, 1888 per capita
No doubt that is true when we reckon the
gold, the silver. the treasury notes, the
National bank notes, the greenbacks, the
subsidiary coin and all the other forms Of
what Is called money. But that is not
the truth in fact The standard of val
ues In this country Is gold. Every other
form of money, no matter from what
source 1t comes or in what form it may
be presented, is simply convenience and
ought not TO be rated as part OF the per
capita OF our country. The real per
capita should be recl<oned from the gold,
and that gives the country between nine
and ten dollars, OF little more than
Mexico has, and all the other forms are
simply what the merchants check is.
The natural conclusion will be that
some people have more than their
share. This is quite true, yet many
of those whom we regard as wealthy
have very little ready money There
is widespread impression, especial
ly among the laboring classes, that
men OF wealth have barrels of money.
This is all wrong. AS rule active
business men have less ready money
than prosperous workingmen. Man
ufacturers often have to borrow
money to meet their pay-rolls and
float paper to meet the demands of
their trade. The great bulk Of bust
ness would be reduced hundred
fold or more. Not only are manu-
facturers and active business men
often hard up, but for the most
part are in debt to such an extent
that sudden call for settlement
would swamp them. They hold
property and stocks of various kinds
that are worth more than the amount
Of their Indebtedness, but these can
not always readily converted into
cash. On call for ready cash or
any day OF the year the workingmer
and women Of this country could
produce lit is asserted by some) more
than those numbered among the rich.
Firms doing business running up into
the thousands annually may moi
have as much money at times as
thrifty workingmen have hidden away
in old stockings. Business men keel
their money in circulation and never
hoard it. There is remuneratlve en-
ployment for all, yet there are many
who have neither work nor money
Some of these are unfortunates who
lack the capacity for that kind of work
for which they have a taste These
are unfortunate in not being able to
adapt themselves to circumstances
The tastes of others are so indefi.
mite or unmarked that they fail tc
find any kind Of work that they care
to do. These usually turn out to be-
gamblers or sharpers il they have vii
enough. If not they become loafers,
tramps, buns or job workers at very
best Some of these seem to have
good parts about them, but there Is
something wrong somewhere. An.
other class of unfortunates are those
who think they are fitted for certain
kind Of work, and, failing to get it,
haven't the nerve and pluck to dc
anything else These hardly get the
sympathy they sometimes deserve.
Owing TO the great influx of men and
boys from the country, the city is
oyerrun with clerks, statesmen and
those seeking easy jobs. The more
plucky ones are generally successful,
because they are willing to take what
ever offers in the way Of honest en-
ployment. When vacancies occur,
these are given preferences over those
who are "doing nothing at present. >
Personal habits have much to do with
a young mans success in the business
world. Industry, sobriety and will
inpness to take a hand wherever and