The Penn's Grove record., 1897-08-13
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lAQgs L OVCA ~-OuKu
oIiah Parliament said. going
SIN a country under such CHIP.
stances money lent upon Interestingly,
tiers creates money. Paper monSaled
lent upon interest will create goh tho
silver principal. while the interest,"
comes a revenue that pays the char
of the government. This currency
the true Pactolean stream which co
yestsaiI into gold that is washed by II
AS a result of this system of goyeI
ment loans direct to the people Doct
Franklin says; "Between the yes
1740 and 1875, while abundance reig
ed in Pennsylvania and there was pea
in all her borders, a more happy a
prosperous population could nnf~"
laps be found on this globe. lis VIC
home there was comfort. Theme sea
generally were highly morafgp the
knowledge was extensively diff that
This system prevailed through , %se
or nearly all, the colonies until ming,
prohibited by act of Parliament s seres
reason that it was underminitame.
specie basis, debt.creating and eei 81
robbing system Of the British ought
power, the fund-holders and ii1a ais,
CONG Glasses. .estore
David Hume, the English l,d !. =
writes of tile result as followsh forth
British government took aws .sos
America its representative mon cured2
manded that no more paper 4, y
credit should be issued, thae been
et,o,,ld nnaea N ha n LEGAL fend a tree,
SVN e =" -. I'd.
collected the tax in silver. Ihithings,
1878. Now mark the conse.en the
This contraction Of the cir,
medium paralyzed an the inand a
energies of the people. Ruin place
upon these once llourishing pulled
the most severe distress was i begin
home to every interest and eveiititude
lily; discomfort was urged on toers-He
ton till at last thurman natu, winds
and asserted its lights.D In l. on the
American congress first met st star VIC, Of
adelphia; in 1776, America beeirse at
independent state.n y,
Benjamin Franklin in hise very
ography has left us a most yait except
say on the money question whicon the
be read by every American citii death
cause it is instr,oe"ne-on thefo Lag
question tod the princes Ioyg forth.
~ eueh precious up from
would brush lth his
thaor;ee IN o,JJssloh. ne keys
u ~ n ninny, youngile and
lated by WallEH0as valued at nth
the people. ely thi~sives-po
"As Bins esiac le ialK be-
are money. so bilTs ns,S leye
are in effect coined land.n
"a great want Of money Of shy ira
ing country occasions interest to be
a very high rate, which IL prejndicl
to any country. 1t makes land bear
low price, because few men vii Ai
out their money in land when bring
make a greater profit by ieGwledes
Want of money in a country will be
the pticeof that part of its Il there
used In trade; because trade bee foun-
couraged there is a much less ding Of
for that produce. This is anot their
son why land will be low. Oirn laws
trary a plentiful currency will iientiac
the trading produce to be&r.t WORK
price, because, trade being entoslour
and advanced by it., there will u
much greater demand for that 1
which will be a great encor heccs'
Of husbandry and tillage, ms
quently make land mcrs vaIfhiaSSsss. 2
"Want of money in a country d
courages laboring and hand craftme
For what can be more dlsheartening
an industrious laboring man than tn
that after he hath earned his bres
with the sweat Of his broF, he mu
spend as much time and have near
much fatigasingstiing it}as hs had
earning it. Nothing maAfserhore b,
paymasters than a genera arcity
money. On the contrary a plentif
currency will encourage great nul
bers Of laboring aud hand craftmen
come settle in the country. The mo
inhabitants the greater the demand I
land, upon which it must ~necessarl
rise IN value and bear a better prie
The same may be said OF house ren
which will be advanced, and by the i
ereaslng of trade and riches people "
be enabled to pay greater rents. No
the value of hpuse rent rising and
terest becoming low, many will pro
ably be more inclined to build, viii,
will likewise sensibly enliven busine
in any place, it being an advantage n
only to brickmakers, bricklaysrs, m
sons carpenters, joiners, glaciers, al
several other trades Immediately Ell
ployed by building, but likewise
farmers, brewers, bakers, tailors, she
makers, sllopkeepers, and, in shorts
every mi that ,they lay their 4,
out with. Those who are ~loyeisss
trade, and delight to see mann6 ,
ers encouraged hard !, for havlA :,
large addition tAe 1 I'D ency. Y
Upon the with. alAen be obss
that 1t is the hiAor l have Of a
ing country in an oficiap con, ~
plentiful, and tll whey col :
vantage to nonelss sess 3
signs. n 5
''For many ages Tome.
world which en%gagdela.a dis
fixed upon gold ankRou. e
and most proper thannoI
thheada
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