The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1894-10-05

his hand into his pocket, drew forth
silver dollar Turning to the man al
his left he said Il owe you 50
l have only one today, but | shall pay you
that on account" And thus each mar
passed on the dollar to the man at his left
In a few minutes the dollar got back into
the hands of ga" Turning to the man a,
his left he said, ''I did not expect to bt
able to pay you that other dollar so soon
but here it is And with language some
what similar each man passed the dolla,
on to the one at his left until in a few min
utes it returned to GA" With an expires
sion of pleased surprise he put it into hi
pocket.
To the little boy who looked as did
then that incident, though striking and
not to be forgotter> was simply the funny
work" of circus Owns. To the man Older
grown it is an illustration of one of the
profoundest truths of finance, namely,
that under proper conditions each dollar
that we may have can do every day the
work of untold number of dollars. IN the
incident related, the dollar passed twice
around the circle, thus performing the
work of $40, and returned to it's original
owner with the full power to do the work
over again any number of times. This
same incident had taken place on preced.
ing days in other towns, and was repeated
every day for months, and could be fol-
years. What is the lesson to be learned
from that simple incident? 1t is this
Under right conditions the working power
of dollar is beyond computation.
Now what were the conditions? VIII,
did each man so promptly pass the dolla,
n nirrh1
each man felt good What does that
mean? 1t means, in the first place, thai
each man felt honest. Each man realized
that the only proper thing for him to d(
when he had dollar in his pocket that
belonged to his neighbor, was to pass it on
to that neighbor 1t means, in the second
place, that each man felt confidence in his
fellow man. Each felt sure that his neigh
Dor was going to deal squarely by him.
And now, what is the lesson for us to
day? 1t is this, the quality of our dollars
Is immensely more important than the
quantity OF our dollars. We should deter.
mine to have dollars so good that man
may take them without hesitation, know.
ing that whether he keeps them an hour,
month. year, or any number of years.
they Will readily pass current whenever he
ucSlIcS W USE UHeIl. LII Ul6 second place.
the incident shows the Importance of pre-.
serving to each man, faith in his fellow
man, faith well founded in business
honor.
We all desire to have the largest volume
of circulation that is consistent with abso.
lutte safety; but we are unwilling to take
the risk of adding to the volume any mum.
Der of dollars which would DESTROY the
great working power of the dollars which
we possess.
And now to make the application. Is it
not perfectly clear the man or the party
that propose to debase our currency. from
whose lips come continually ur kind
words about men living or dead, high OF
low, words which undermine our conf.
dencein our fellow man, is it not per
fectly plain that such men or such q
party, if intrusted with power would not
only contract the volume of currency that
we have, but would paralyze the working
power of each dollar that remained? Is il
not true that such men and such part,
are not only morally wrong but also finan.
cially unwise? Would it not be calamity
for such party to have even a prospect OF
controlling our national affairs?