The Caucasian. (Clinton, N.C.) 188?-1913, 1894-09-20

Establishments and projectors of great en-
terpriscs can make business forecasts will
depend the enormously important consider
alton Of continuity of employment not only
of those directly engaged in production.
but of all who, whether with hand or
brain earn their own livelihood Idleness
is the destruction, moral and physical. of
people.
The fate OF mankind hangs upon the
question whether civilization can persist
while larger and larger numbers of people
in all countries are being relegated to idle
ness The compulsory idleness of willing
workers, Of whom there are millions even
In times much more prosperous than the
present, is due to force that acts upon
industrial society like deadly but odorless
gas, which, because Of Its subtle charac-
ter, escapes detection. In its methods IT
is as silent as time, yet as ine2orable as
death. Its victims usually attribute their
sufferings to every cause but the true one.
This fatal influence affects alike employer
and employed, agriculturist and artisan.
Rapacious Power of Increasing Value In
the Unit of Money.
What Is this power' 1t is the rapacious
and engorgiTlg power of an ever increasing
value In the unit of money-that is to say,
in the dollar. When an obligation has
been entered into requiring the payment
of money at q future time, this Is the sub
tie alchemy which, without effecting any
change in the written Figures, yet enlarges
the burden of the obligation by extracting 9
from him who has agreed to pay money
and all business men are In this category
more sacrifice for each dollar than dol
| lar represented at the time the obligation
was made This process paralyzes indus
| try and relegates to a pitiful and corroding
| idleness multitudes of willing workers.
| This it accomplishes by producing an artt-
| fetal and unnatural fall In the prices OF
| property and in the products of labor-a
| fall not arising from the natural operation
| of the forces of supply and demand affect
| ing the property and commodities, but
from change in the relation existing be.
| tween the supply of and the demand for
| money.
| When population and business are in
creasing, if there be no concurrent increase
of the quantity of money, general prices
must fall All political economists agree
that, other things remaining unchanged,
diminution in the quantity of money
| lowers prices. Such diminution occur.
equally whether it be accomplished by ar
actual falling off in the supply Of money
when population and business are station
airy, or by the quantity of money remain
ing fixed while population and busines:
are increasing This country stands ir
the latter category. Its population Is con
| stantly increasing at a rate unknown III
any other country of the world In ordel
that prices, upon which depend the unfn
terrupted employment Of wage earner'
and the capacity of business men ant
agriculturists to meet their moneyed OBJ
legations, Nay not be artificially pressed
down for the benefit solely of a coterie @
money lenders and people with fixed In
comes, it Is absolutely necessary that TIT
quantity of our money should increas
, pari passu with demand. By means o
falling prices profits which should com
to the enterprising producer are absorbed
by the lender of money Thus the workin,
bees of humanity-both employers ant
employed, alike brain workers and han
workers-are paying an ever increasin
tribute to the drones-
The Glasses Benefited by Low Prices m
Dear Money.
When people see that general prices al
falling and think it an advantage, the
, do not perceive the enormously importal
consequences lying concealed in the fal
They do not perceive the converse OF Il
{ proposition-namely, that what Is real
r happening Is that money Is beeomir
dearer To say that prices OF property ar
commodities are coming down Is to 81
that money is going up. The only class
benefited by this-and they are benefts
unjustly-are the classes that have lei
| money at interest and are living On Tx