The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1907-11-11
MONEY IS nor SCARCE
HIS BaDLY SCARED
euL cling fsATNEss joFTHE AND
;is AN PIE PR OF ON. ..3R
]! A. PRosPE RlTY. ! I. ]. 81

|ss "a ~ " So ~ Z - VI "a
James i. buchanan; a well known
Plttsburg capitalist declares money
Is not scarce, but Is scared. Because
OF the amount hidden away, he states,
II has been necessary for some corpor.
atlons TO pay in clearing house checks,
but on the other hand. he asserts these
are jast as good as gold.
The American people, according to
Mr.. Buchanan, have shown their good
sense by not getting alarmed over the
situation. The following article from
the New York Evening Mall comedies
with the views Of Mr.. Buchanan:
1T Is hard to make a silk purse our
OF a sow's ear but It ought to be hard.
er still to make a national crisis-let
alone panic-out OF a crop. yield OF
$1,000 100000. Seven billion dollars
represents the yield OF the farms OF
the United States In 1907. This takes
no account OF the products of ores,
minerals and chemicals Of the earth,
which will be well up to another So.
o0,OOO,OOo.
No Ground For Distrust. z.
Seriously, soberly and honestly.
what earthly ground is there for dis.
trust as to the future In this favored
country? Is there any real material
for alarm In corn, ana wheat, and oil,
and fat cattle and swine, and In gold
which grows out Of our heayen.enrich.
ell soil like robust weeds In neglect.
ed garden? This is no pleasantly; It
Is sober fact. This country is bursting
with fairness, and positively more SO
than in any other epoch since trust.
Ing Pnritans and Dutchmen first hitch.
ed their oxen to plow the fields Of New
England and New Amsterdam.
Wealth? 1t is here, in larger meas.
nre than ever. Wealth is Just the stun
OF well being, and that stun abounds,
until the granaries crack with It. But
money, you. say, is scarce. Stop n
moment: money Is not scarce-it is
merely scared. 1t is all here, some.
where. ~
People may have been playing
ducks and brakes with their credit
and extending their schemes too fast,
but they have not been burning nm
their greenbacks, nor running their
gold and silver back Into the veins and
assures deep down in the dark rocks
under ground from which It came.
Money White With Fear.
THE money has merely gone white
with senseless fear. OFT into timed cor.
hers here and there. It will all come
out in n moment, when It finds out
what a precious fool it has been,
There never was moment In the
history of the country when the cond,.
tion OF the national treasury was bet.
ter, or when the currency was more
solid. The combination OF causes that
made the trouble in 1873 and 1ss3-l
troubles, over.production, commercial
d'sorsanization. and so on-fs not
IN evidence now. The main factors
are essentially sound.
Our Industries are producing reg,,.
hrly. Trade goes on just as usual
SO 'ar as their condition is concerned
ehe producing people out west slmnlv
DO not know that there is any tro,l.
Die. Nor is there in New York n man
who could give them satisfa ctory
reason why there should be general
and prolonged trouble. I
1--WE repent, It Is scared money. not
scarce money, that has made this nan.
ic'-a panic without Il real leg TO
stand on. or Q. cause that Is not cor.
recting itself"