The Kosciusko star. (Kosciusko, Miss.) 18??-1898, 1895-06-07

prices, DUt SldteS SHdIluN tutll.
ANY tvro can tell of woes and
crimes and things twenty-five
years after they have happened.
But the good thing and the hard
thing to know is how to prevent
them in the future. In my judg-
ment. there is no quack remedy
that will work. If we would avoid
contraction. we must abstain from
initiation, for the one follows the
other, as night the day. If we
would not have prices fall so far,
we must not let them rise so high,
for all that goes up must come
down.
But says one, you may talk to
me until the crack of doom, but
the fact remains that money was
plentiful in those good old days,
times were good and | was happy.
Of course. Spend day is always
a better day than pay day, at best.
And that why it is so hard to bring
this question home to men. And
yet, sift the matter and you will
find the sole inheritance of that
man from that time was a burden
of debts. And even after men be-
gin to see the truth, there still re-
mains that combinat ton OF hope
and vanity in us all, that makes us
feel that we will draw the prize in
the next lottery; that the next time
we will be the one and our neigh
bors the ninety-nine.
ANY undue, artificial stimulus OF
prices, call it by any name you
will, initiation, cheap money, high
prices, always begins in a boom
and ends in panic. 1t leads di-
rectly to extravaganza, to specula-
ton, and finally to corruption,
both public and private. 1t lifts
men up only to cast them down
with a dull thud into the gloom Of
hopeless insolvency. 1t can no
more make a country rich and pros
porous, than a drunken husband
can make a home happy. 1t ere
ates no wealth, but takes from the
many and gives to the few. Keep
it up long enough, and there will
be nothing left but paupers and
milionaires. The wild initiation
of the war period alone made
Goulds and Nanderbilts possible.
and it may be set down as truism
that it has always been and al
ways will be, pre-eminently an era
Of debt making and not Of debt
paying.
But there is another class of 81.
yer men who pretend to deprecatc
cheap money and inflated prices,
but clamor for more mo4ey. an in
crease of the per capita of good
money. But if the value OF mon
ey be not cheapened, how is that
as a cause going to increase the
price of commodities. And If ii
does not increase the price OF the
products of the people of Mississ-
ippi. how in the name of common
sense can it help them. What
matters it to them how much mon
ev there is in the world. if they get
no more of it, But the silver men
may say that, while it will not in
crease prices. it will increase bust
ness. This popular notion is easy
to understand, for we know that
active business tends to increase
certain forms Of currency and tc
put to work all idle money, and
thus make money appear more
plentiful. And the unframed mine
seeing this, mistakes an apparent
: effect fer a moving cause. In 9th
CT words, active business makes ;
plentiful money, but plentiful mon
ey that is not cheap money. neye
: has and never will make active bus
: mess. If it did New York woulc
: be importing help to carry on it
} active trade. The most that an,
thinking mind has ever claimed is
that in going from a cheap to
dear basis, business may be tenn
porarily depressed while the ad
} justment of prices is taking place
: and in going from cheap to dea
basis, business may be temperate
t stimulated during the adjustment
, But tie idea that gold money in Q
t itself tends to depress business, AM
! that silver money or more none
Z in and Of itself will permanent
e revive it. scarcely deserves a de
S NAL. For there is no country i