The Caucasian. (Clinton, N.C.) 188?-1913, 1893-06-15
"bTy o.
lSr1cial To The fhLCAsiAsI


(sEerial to TnE CAUcAsIASI
According 10 the New York Finan-
ciai News there is only 81 .2OO, VO,-
900 in actual circulation to-day.
Upon reflection you can readily nes
the cause of the great and universal
stagnaiion ia business. /
There is an iuaAcq,at' supply OF
money.
The News correctly pats II, Not !
imitation, but dry rot" That Is the !
condition OF the country to-day. We
have an oyerproduction "f eF'ry
thing save money. Something must
be done to relieve this stagGaiiph
and oppression.
C1rH..y., dele3" e.f.
Compare the figures, which shows
the amount of money IN circulation
to-day with those showing the
amount in circulation in 1863 and
you will be- convinced beyond ques-
ton that NOR, money - needed, and
that quickly.
In 1860 with population of %
millions people th"re was t"" bill
ion dollars in circulation; aud not
withstanding the devastating "tr
there was more prosperity then than
now.
We must bear in mind, too, that
our population has increased up to
the present time, more than 100 per
cent. yet we have only, according
to the Financial News one million
dollars in circulation, which is but
1885, per capita.
Just after the war there was more
than $50 per capita. The wayfarlng
man, though he be Il fool, can see
the cause of financial distress which
now prevails throughout the union.
JAMES b. LLOYD.
The Cost of.rroduction and the service
Rendered Must Determine the Price and
not the Demand and supply.
Mr.. Editor each class must fix the
price on their production must de-
termine the price. To deprive a
class Of the power to price their la
Dor is TO enslave them. The cost
of production must determine the
price and not the demand and supply.
If the cotton planters produce ten mil
lion bales and there is demand for
nine million bales the surplus
million should not determine
the price of the nine mill
ion. The cost of production must
determine the price of the nine mill
ion bales and the producers must be
able to fix a living price. Demand
and supply has been set aside by a
large number of classes. The rule
is relic of barbarism and must be
suppressed by the progressive spirit
of the nineteenth century. The sal
aries of our congressman are determ
ined by the service rendered and
they are the judges Of its value and
they fix their own salary. If the sup
ply determined their salaries they
would be wiped out because of the
large surplus of candidates. If the
surplus does not depreciate the sal
aries why should a surplus of tn,
farmers produce depreciate the price
of that for which there is demand
There are one hundred and eighty
thousand government offices ant
their is surplus of one million
candidates. If the surplus effected
the salaries they would not be wortl
having. The service to be rendere,
determines the salary and not tn
surplus candidates. The cost 0
production must determine the pric
of the farmers produce and not tn
supply. Our congressman are place
by law where they can determin
the value of their salaries and tn
farmers must be placed by law whe
they can determine the price of thei
produce without any reference to
surplus. Equal rights to all an
special privileges to none demand
that each class shall be placed b
law where they can determine tn
price of their labor be it of the hea
or hands. JAMES MURDOCH
The Farmer and the Railroad.