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

and naked people in the world had
been well fed and clothed for the last
four years, the cry to day would be
under production instead OF over pro
duction and III der-consumptlon. Take
in consideration the increase Of popu
Iation of he world for the last ten
years and the number Of pounds OF
cotton and bushels Of wheat consumed
during that period, and you will IND
that there was not as much cotton and
wheat consumed per capita during
that period as was during the ten pre-
ceding years per capita, and you will
also discover that, if there had been as
much wheat and cotton consumed per
capita the last ten years as were the
ten preceding years, there would not.
be to day a supply of either wheat or
cotton on hand, and the universal
slogan would be from zone to zone that
the world had under produced In wheat
and cotton. To reach a just and cor
rect conclusion, as to " production
or under consumption of any com
modify we must take in consideration
the sum total produced or consumed
by the human family. And the same
is true of money. Equal distribution
of commodities or of money between
the nations of the earth, would bring
about a general level of condition and
prices. An unequal distribution would
have the same effect and bring about
like results, If there should be an
under supply in n market and an
over supply in another, the only differ
ence in prices in the two countries
would be the cost of transportation
expense of sale to the other country.
So it is clear to my mind shat the gen
eral average Dr. level of prices of COM
modities and money are both fixed by
the universal supply and demand Of
both commodities and money. If
either is more abundant than the other,
that other will be enhanced in value
in proportion to it's shortage or def
cheney to supply the demand and Uice
UersG. If money is scarce, short and
hard to obtain, all things else being
paralized, stagnent and die.
Money or its representative must in
crease in proportion to the increase Of
population and a demand for its uses,
or the wheels and machinery of trade,
commerce and business must clog and
finally to move.
There is a motive power attached to
every machine and without that mo
tive power it never moves
Money or moneys value is the mo-
tive power to commerce and business
the world over, and they must exist in
prop rtion to each others demands
and requirements in order to preserve
the rights and equities of each, or the
one will break down the other and
finally, when nothing to feed upon,
both must perish.
Oxygen and Hydrogen are essential
chemical elements to form water, but
these ingredients must exist in right
proportions to each other to constitute
water. So must the commerce and
business of the world and money exist
IN the right proportions to each other
to formulate an active, solid, healthy
commercial and financial system,
which will run in harmony with each
other and redown to the mutual bene
fit Of all concerned. 1t is true by
breaking the equilibrium and paralle
lium between the two, one may gain a
temporary advantage over the other,
but both, if conditions remain the same
will eventually be swallowed up in
one common ruin.
Now to preserve the equilibrium and
paralIehsm, this balance wheel be
tween the two, this honest statesman
like proportion between the facilities
and instrum9ntalities, so to speak, and
the traffic, trade, labor. and commerce
of this and other countries, is the duty
Of the statesman, the fnancer, the po-
litical party that assumes to guide con
troll and mark outbhe destiny of this
country as well as that of other coun-
tries.
And we predict that no political
party will ever be statesman, like
enough, patriotic enough, wise enough
and great enough TO accomplish this
would be grand and glorious achieve
ment, until it recognizes and sets up
the principle that the law of supply
and demand, applies equally to money
as it does to commodities, and that the
increased supply of money must be in
proportion to the increase of popula-