The Farmington times. [volume] (Farmington, Mo.) 1874-1902, 1899-04-13

state Of trade, il the cotton aud wooden
mems account oi trade can be taken.
Now, tell YOU, Mir. H., when you
Join the Boston Silver Club, aud
through that demand and obtain Al
expansion ri inc uriivr'- CURRENCY -G.@.;'-
cieni tu enable the people to do bus'.
ness for cash aud to sustain prices to a
proGt-paying point, you aud everybody
else will have business. and business
that will be worthy the name of bust
ness, liut every man I sec today is
in state Of deep disgust with the con-
diiiou Of thing,
eve got uuI protection bill through
but il Ia, not done rs very much good
business j. worse today than Que year
ugo. give Il up; don't know what
the matter h. Guess we base too
many people In the business. don't
believe anyone knows what the cause
Is. We are no, doing anything in our
line; price, are so low We cant ac-
ccp, the orders. And with a sigh,
this iniucier Iii . fresh cigar
"Wcll, replied, Iii we had more
money 10 circulation, you could get
higher prices.
''Oh. don't talk that stuff to me %
he pcltishly exclaimed. 1--WE have
money rolting in oar banks that we
can't use. That more money talk Is
too silly to be entertained for a mo
ment.
''Bui you know that trusts are the
outcome Of low prices, aud how prices
result from small volume Of money, DO
you uot?" said /.
"well, said he. 'supposc trusts
do cone ~ result Of low prices /;
don 1 the people want low prices: And
are not trusts good things
"Wcl, think we shall get oar 81.
Of trusts pretty soon. You will find
that the trusts will run this Govern
mcnt some big, fine morning, II they
don't already taid |.
"Oh, rot! have heard taai tot
the past five years. That IL Organism
and Wild West talk -
"You will end, however, that II
will come, aud that you and your busi-
ness will be ground to powder by the
very thing you are uphalding. know
something abuGt this power in tho
grasp Of the trusts. The standard Oii,
the sugar, the Steel trusi--iH fact, all
these monsirosities-are squeezing the
life uut Of the smaller concerns.
"iIow about this war;" he asked.
"Oh, the war Is all right. II 1t
we're not for the war, there Is no tell
ing what would h=fi'cH. you must
remember. MIR. r., that the Govern
ment is spending from one to two mil
lions Of dollars day. Why, just think
Of the effect which lha, money must
have in sustaining prices, Think Of
the mills and factories aud furnaces
which that money j. running, day and
night, On Government orders. Aud
yet, just think Of il, with all this I'M
wonied overflow Of money from this
unexpected source, general business Is
still terribly hard! II il keeps on get
ting worse, we shalt all be compelled
to work ioF the Government, OF starVe.
Unless this Government gives the peo-
pie reiict through larger volume of
money, VIC shall sink to the lcTel OF
European countries, aud our people
become illitcrale, paupcrized and Grim
inalizcd. -"
"What is the use Of more money?''
AIR. X. asked ''Wc have money
enough. My bank offers to lend me
all want al 4 per cent"
"rbat is always the case" ~
piled, when prices are low as re-
suit Of too limited eurrcney--tho ef-
feet being that production ceases, mills
shut down. and having 10 further Use
for their money for lray-rolis, they de-
post II In the banks, and soon tho ae-
camulations ara SO great that the bank
reduces IT, rates Of discount, 10 induce
loans. This Is why you can get money
for 4 per cent, aud why there is so
much money in The bank, as We say.
Hut the bank is the wrong place for
money, TO make business good; Il
should be 10 the peoples pockets, 10
enable them TO buy goods aud start up
the mills. Now, you must ser, Mr.
H., that this brings us back to the first
cause, which, rs | affirm, was he lin'-
tied amount Of money IN circulation,
and consequent low prices, from which
all our miseries fow You know that
we used to get irom 500 to zoo per
cent more for goods than we do today I;
and you also know that Then We bad
from 500 to 200 per cent more money
10 circulation than VIC have today.
This Il not mere coincidence. All
down through history, this law Of the
relationship of volume Of money and
prices has been recognized by all Ii1an-
cial writers Of rcpu,e. can show You
by irrciuiable facts, by priec-IIsss and
mcn's statcmcnts---men who are living
,oday---ihat goods were several kun-
dred per cent higher thar they arc to-
day, and that, at thai time, Our volume
Of currency was iIsc times as large per
capita rs Il is to-day"
| .oh. that Is false." he exclaimed.
1.-The United States official reports show
lihs, We hare NJ large a volume Of
ncney now as VIC had thirty ynass ago,
prerotionsie DO our population and
husiaess. ] ara 10 possession si kncwl'
edge which confirms my statement.
II beg your pardon, sn, you are en-
Itirely misinformed in regard to .hii
mxs,er ol currency. You must hav,
read reports coneocied for campsisI
documents. II you o,air we bars NOR
money TOW than evsT bsfsxe. II ycl
would work an engine. yuu must hss,