The Farmington times. [volume] (Farmington, Mo.) 1874-1902, 1899-12-28
THE HONEY SITUATION.
Rvsa New York Aamitm the Conntry
Has 0atKFewn the veiansc
Of Money.

In time when the country IN ha
rassed by yexatious war tax. which
ereepS into every home In the land
the seGretAry Of the treasury send.
s2s,0o0,0oo TO New York for bond re
demption. We might dwell upon the
policy which leads 10 the redemption
Of bonds before they are due with
money SO obtained. or we might
make much OF policy which makes
the national government mere
annex to local gathering OF money
changers, but passing these points Of
contest by. 1t is sufficient TO direct at
tcn;ion ia the proof which this action
gives that there ia not a sufficient vol
ume Of money with which 70 carry on
the trade Of the country.
To be read In connection with the
foregoing Is the following business
explanation OF the situa7ion:
The president Of a New York trust
company said 60 me the other day that
the busincfs OF this country HAS OUT
GROWN THE VOLUME or MONEY, %
remarked Vice President f. G. Spaid.
ing. Of the Atlanta, Knoxville and
Northern.
Everything IL on boom In New
York except the stock markets. and
they would he moving skyward If
MONEY WAS PLENTIFUL. At pres
ent New York has been drained Of
money by the interior. The gentle
men 20 whom ! refer stated that the
south Is better of for money now
ssian the north is. The money is down
here for the movement OF the cotton
crop, When that crop gets TO market
the money will How back 10 New
York"
In these two news items Is con.
tanned the justification Of the con.
iinuous policy OF the masses ever
since the crime of 1873. The demone-
tization Of silver, accomplished under
the cover OF resumption Of specie
payments, was soon discovered 20 be
curtailmcnt by one-half OF the nat
urai money resources OF the people
Suddenly crnmpcd from the plethora
Of paper money into the limits Of the
gold supply alone, business disaster
and ruin stared the country in the
face, and n rigid enforcement Of Il
would have baukrupted every inter
est in Il. This was only partially
aycrted by the successful attacks OF
the democracy upon the party In pow.
cr in forcing the regular coinage Of
a certain quantity OF silver from ISIS
TO 1899. and then the total collapse
came. That squeezing which began
In the outermost parts Of the country
has been narrowing its circle. until
now New York admits that there Il
not volume enoughl Practically, that
means there must be more yolumci
That is the pith and kernel Of the
democratic platform Of 1890 spoken
through the business interests.
During all the years which the east.
feeling safe In the enforced inward
sood Of interests, laughed at various
moves made by the democrats for an
enlargement Of the money volume, the
better sense Of the country saw that
the men In the field were right and
the fears OF the men al the desks were
wrong. Now IL is the men nj the desks
who cry ont that there Is too much
business for the amount OF money
that there must be relief.
To-day New York acknowledge that
"the country has outgrown the vol
ume Of money" "rhe country has
known this for over rs years, and Il Is
New York which has been slow to
find Il out. The raw material Of the
south, Of the west and OF the far
Pacific states was just as valuable
twenty, ten, five years ago as now. but
the money volume has been cnngrstcd
by those of the east, who felt that
II they had enough there Was no rca-
son for anyone else being in want.
Now the complaint is general. 80 that
even those who Etrayed away from the
told arc forced 10 acknowledge Il.
This OF the past 10 used. however.
not for claiming superior foresight nj
the expense of Others who were mis-.
taken, but TO point the true policy Of
the future. This new and undeveIoped |
country needs all the money Il can
get. Our people have not reached the |
point where they can be divided into |
two classes-usurers and debtors. |
They are all In the pioneer stage.
where no man can afford 90 write |
retired" across his brow. but where |
everyone Is animated by the prospects |
In view 20 keep up his actiyity. We
need the full volume of money which |
nature and Providence give vs.. II Is |
now the business interests themselves |
which call out for this, and no tempo
rary makeshift of bond redrmption
enn cure the evil.
Take the Ehackles of the money cir
and leave II free, under busi-
ness conditions. to adjnst itself. Tn,
governments seal supplied. the people
an do the rest.--AtIania Constitu.
lion.