Middletown transcript., 1907-11-30
MrDDLErowN, DEL. nov. 50. 1907
THE BALANCE OF TRADE

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statesmen realized sthat a hard
struggle was before them in as
in every department Of com
merce. the balance Of trade was
against themin other words
they were sending more money
abroad for what they needed than
they were receiving from abroad.
This condition has been of vital
interest to every new country,
and even to some who count their
ages by the century. When any
one or any community arrives at
that period in its experience
where more money is coming in
than going out, they are certain
ly building a strong foundation
Tor the futuse. That IS making
the United States wealthy
to-day-we are keeping our
money at home. Then when
we need it, it is not necessary for
US to look to foreign powers for
a lean-We have 1t among our
own people.
There is little in the experience
of the lives of nations that may
notapply with as much force to
the lives and undertakings OF the
individual communities. In fact
it applies with almost equal force
to the lives of the individuals
themselves. So closely is this
principle allied to the welfare OF
communities that it is worthy of
consideration by the persons who
are inclined to send their money
to foreign markets for what
they need. A better way is to
keep our money at home. Real
ly this applies with greater force
to an agricultural community
than to almost any other. Let
us illustrate for the purpose Of
making ourselves more clearly
understood. There was in active
everyday circulation among its
people the sum of SO, 900 in the
month of January. The sum is
in circulation because lis need
ed to conduct the business of the
community. II all Of. it was not
needed a part of it would retire
and if more was needed, it would
probably be forthcoming from
some source. We have now
seen that in the month Of Janu-
ary the people of the county
have $50, 900 to do business with.
Suppose that during the month
its citizens sent s25, 900 Of this
circulating capital to large cities
for machinery, sewing machines,
clothing, GROCERIES,, hardware,
barb wire, lumber or whatever it
may be they need, In sending to
gcatalogue houses for these sup.
lies we are not otoverdraWing the
editions as they exist for
Ice as it may seem, people
ar forgotten the interests
ONE communities as to
d0fng ibis very thing When
this s25, 900 reaches.G Chicago, New
York or Boston, and other large
cities, our imaginative county has
only S25, 900 left as an active cir
culating Medium. They have
cut their active capital in two in
the middle.
AS we said this condition APP
plies more infinitely to an agri=
cultural community, for such d
neighborhood has only two ways
of bringing money into it. One
Of these, is marketing farm pro.
duce of its crops. The other
way we will speak Of later. Our
illustration as we have eexpressed
it applies to the month Of Jaau-
ary and as we have said one
OF the means farm community
of getting that s25, 900 back
lis selling crops, which they
be ina position to do
most a year They
their actual capital
gill have nothing
X for nearly d
d that there
getting this
j thar
ly year unless
Bf5uglit back On the
Ind, suppose we bad
bought what We needed of Hasf:
chants in rnmediate vicinity /
The s25, 900 would stiII bs circn:
latfng among us ard Me would
stiil have our s50. oo1 active work
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