The daily sentinel., 1899-01-24


benefcent results ought to be some
or Boston. The fact that money is plen-
tiful In these places is no evidence Of ma
tional prosperity. On the contrary, It 10
more apt 10 denote a dearth Of money
elsewhere. Money, while it possesses
magic gift in the matter of aocumula-
Gon, does not possess the power Of BE-
ing In the hands of the people and In
the hands Of the pawnbrokers at one
and the same time. When one has it,
the other is necessarily without 1t. II
the theory that wealth is a good thing
without reference to any other condi-
aen 10 true, then highway robbery, In
stead Of being under the ban Of the law.
would receive its sanction. The man
who holds up train could say at the
conclusion Of his work that no wrong
had been committed, because there was
just ~ much money on the train -
there was before he commenced busi-
ness. but that plea. while true in a gen.
eral sense, would not save him from the
penitsntiary. The only case where .
thing can be said to be good Is where IL
produces good to the greatest number.
The fact that property in New York
city has increased in value would be 4
good thing for the owners and not
necessarily bad thing for the nation II
it had not deprecated in the great
states Of the west and south. II it can
be shown that those who lived, not by
toll, but by tribute, have done 30 at the
expense Of the nations builders, then
the system II wrong and should b
righted.
Those who live in New York deal ex-
olusively In money; those who live In
the west deal in products alone. The
value Of the formers product IL eetab-
Nshed by the Limitation Of law-no one
can make it but the law itself-while
the latter is open to the competition Of
the world. Az money has no provocative
power Of itself, being an inanimate OBJ
jsot. II can only increase BY usa That
service and the value Of that service
will necessarily be measured by the
number Of dollars that are bidding for
employment II the dollars are few, the
price will be high; il plentiful, the
price will be low. This il the interest
that the money lenders have in scarce
money. Money il their stock in trade;
they sell It just ~ labor IL sold-under
the law Of supply and demand When It
Il scarce the price Of it il high-that
Il. IL will buy more Of given amount
a property Of every kind and nature
except its own kind than it will when
It II abundant.
In its operation. money runs parallel
with labor, being cheap when abundant
and dear when scaroe, but In the matter
Of its creation it il Numerically oppo-
site. The law places limitation upon
The amount of money, but II does not
exercise any control over the number Of
people who come into the world or the
number of acres Of cotton OF wheat they
ealtivate. In this respect the money
owner or the money lender has an ID
vantage BY law over his fellow man,
who under that same law IL obliged 10
a. money. The price that he pays 1ur
that money viii be determined by The
amount Of 1t In existence The price, a
course, 10 not determined In dollars, -
dollars are never used 10 buy dollaas,
but By the amount q properly it takss
70 acquife the dollar. A $50 goldpieoe,
even though IL doubles in value, viii
nsvsf pacAasD nnes than ancehse 80
aasaniaeA bot y win nnsahaD ~