Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-03-21

posstsse1 but p-sses no longsi2 You
have but 10 examine tho awards In tbs
case OF the recent bond Issue Of this
United States treasury. The total
award, prem ums not included, was
cue bundled millions Of dollars. Nine.
~ PER cent. n d = little more OF tho
sum was taken by New YORK banker.
Boston aud Philadelpia got all the
balance world mentioning. Probably
forty millions OF the New York award
woht 10 London. This IL what you
would call Capitalization with a ven.
geauoe, Il II not? There l. one csnsola.
ton In nll this which should give VA
great Joy In our moments u nuanUial
sDKiey. When our taxpayers become
W poor they have 10 live mostly
on Whist they grow IN their gardens,
and our public Institutions are NJ th8
point OF bsnlonment through want Of
nocessafy susienauce, Nhen our mills
anu our factories have sunk wages 10
the starvation level anu are yet hIun.
deflng IN the slough VI dSspOnd be-.
cause nobody has any money with
which to buy their gO0ds; when Indeed
tho last penny u our circulation has
found H. way into tue abyss oi trade,
snd the trader himseli-l mean the
local tfadUf--has reached ihst de-
murslized aud Injections slate oil
afisifs called chrouic bankruptcy, We
may yet look Tor the star IN the East
anu worship It, tot we can know Of =
surety that New York anu London
have plenty u' gold hnd that sound
money will prevail. Carey declares
that, Grade tending towards central
lzatiou, every stage VI advance Ia It,
power over producers aud consumers
IL 40 approach ~ slavery anu death"
Wnat do you think about ~
You will think that have mSdo out
rather su unsatisfactory case Tor the
trader 1 confess that the exhibit 20
lar ~ he IL concerned has not been
especially htuofiug. but a, said at
the beginning the trader has hls place.
According 10 our definition, modern
trade, confined to IL economic sphere,
IL Ia every respect n servant VI ctm.
mefce aud opetatts Ia the capacity Of
distributor between the pTOuuCef aud
such UCusumsfs a. are not within his
economic circuit, In this capacity the
trader stimulates Production, aud a. n
general lubfioAtJf Of oommofcc, setyos
to regulate anu unity social
activity. II expanded on those
lines 10 IT. full ideal capacity
trade might make the whole civilized
world single society. Instead VI the
National unit a. We have II At present
tue only unit below the great stfuetut.
al unit OF civiiization AT large would
TO the Individual, and the difference
then between tho man Ia New YOtk
and the man Ia BOmbsy or 81. Peters.
burg would DO due - the difference
VI self rather than Of environment. 70
you see Trade IL net divasted VI ita I'm.
poflAuce by assuming n subordinate
junction. But whtle tnis IL the tho0ret.
zeal place OF trade, what IL Its teAl
place A. wo md II today Instead Of
commerce supervising. tfaue, the trader
IL absolutely debating commerce.; he
II not only uiotating COmmefce hut hs
u overseeing tue Whole social machine
production, distribution, oOnsump.
tijn, legislation, finance, Justice, And
Hll the res that ~, he IL trying bis
bosI ~ dO sil this anu there tesm TO be
great many good anu just men
among w not VI his Occl alton who
think he ought W DO II anu ATs them.
selves Working his case with all their
might, believing that such IL for the
salvation u man.
Regarding our own nation ~ the
proper point VI view from which "
consider questions Of economic al,