The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1895-01-08

uuSGry, or one section or state at the
expense of another section or state,
1t violates its plighted faith to the PEG
plei tignores its sworn obligations
and repudiates and tramplest the organic
law Of the land, under which 1t has it's
existence, under its feet and creates
dissatisfaction and discomfort in every
department and calling of life, and In
Vltes bankruptcy, courts ruin, and
brings sorrow, poverty, trials and
trlbulations upon the people, as we'll as
hunger starvation and nakedness.
And from the standpoint of your cor
respondent, this is the condition that
has overtaken the toiling, laboring mil
lions of this and ether lands, and will
In the near future, if not checked and
beaded eff, and the political and fnan-
cial engine reversed, overtake all other
classes, including the usurer, the inter
est receiver, and the annihilants of this
and other lands.
The equilibrium must be preserved
between trade and commerce, and the
instrumentalities of trade and com
merce, or one or the other must suffer.
No arrangement can possibly take
place between the two, without in the
end damaging both. Increased facili
ties and instrumentalities must march
abreast with the increased trade and
commerce of the world, or commerce
will eventually become demoralize d,
sophical as the other.
The amount of money or circulating
medium in the civilized world must in
crease in proportion to the increase in
population .'and business of the world
or prices of all commodities must
fall. . And the reverse of the PROPOSE
ton is true. II the amount of money
increases faster than the population
and business, then the prices will also
increase in proportion to the increase
of money over the increase of popula-
ton and business. And the laws of
supply and demand never fails to have
it's controlling influence over the prices
of all commodities, but it has precisely
the same controlling influence over the
prices of money as it has over the
prices of commodities, no more, no
less.
Money is nothing but an instrumen
tality of commerce, or medium of e.
changed, to facilitate, expedi Q and
quicken the business transaction be
tween men and nations, and if this In
strumentality or medium is lacking in
quantity sufficient to perform it's legiti-
mate functions in trade, industries and
commerce fall by the wayside, bust
ness of all kinds becomes stagnant,
the productive capacities of man be
comes paralized, consumption falls
eff, and prices take a downward turn
and continue until the bottom falls out,
or until the instrumentalities of trade,
the medium of exchange, money is In.
creased in proportion to the amount
and demands of the traffic and com
merce of the world.
The value of a dollar to day meas
ured by labor or the products Of labor
is double what it was ten years ago
It's purchasing power is twice as great.
Now, why is this so9 The monomettal
ist will tell you it is because of over
production. He will tell you it is be-
cause of the wonderful inventive ge
MUS of man, the rapidity with which
production is facilitated and quickened
by new discoveries and modern inven.
tions, He will tell you that to day one
man at a gold bug, shylock automatic
electric machine will do the same work
that it took forty men to do forty
years ago.
These declarations mean that the bust
ness world must stagnate and die. II
meansthatover production has brought
prices down below the actual cost OF
production. Tt means if men continue
to labor as God has commanded them
to do, that they shall all perish by the
sweat of[their face, strange doctrine tc
preach to thinking, intelligent people
If all men are supplied everywhere
with work at all times, or rather, il
the opportunity to work is rendered tC
each and every individual at living
compensation by those who own and
control the wealth of the world, nc
such thing as over-production or under
consumption would ever be heard
from the lips of the business men o.
the country. 1t is a false cry, a delu
sive snare,a base ~subterfuge, a cowardly
deception, let it come from whatever
source it may. There never was anC
never will be any over production al