The commercial. (Union City, Tenn.) 190?-193?, 1907-05-03

| funded unless the treatment uoes al
that is claimed for it.
tainly building strong foundation
Tor the future. That is what is max
ing the United States wealthy to-day
we are keeping our money at home
Then when we need it, it is not neces
sary for us to look to foreign powers
for a loan-we have it among our owr
people.
There is little in the experience Of
the lives of nations that may not ap
ply with just as much force to the
lives and undertakings of the individ-
ual communities. In fact it applies
with almost equal force to the lives OF
the individuals themselves. So close
ly is this principle allied to the well
fare 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. Really this implies with great
er force to an agricultural commune
ty than to almost any other. Let US
illustrate for the purpose of making
ourselves more clearly understood.
There was in active everyday circula-
tion among its people the sum of $780,
900 in the month of January. The
sum is in circulation because it is need
ed TO conduct the business Of the conn
munity. If all of it was not needed, a
part Of it would retire and if more was
needed it probably would be fourth
coming from some source. We have
seen that n the month of January
the people of the county have $4,000
to do business with. Suppose that
during the month its citizens sent
S25, 900 of this circulating capital to
large cities for machinery, sewing ma
chimes, clothing, groceries, hardware,
barb wire, lumber, or whatever 1T may
be they need. In sending to catalogue
houses for these supplies we are not
]yerdrawing the conditions as they
exist, for as strange as 1t may seem,
people have so far forgotten the inter-
,sts of their home communities as to
De doing this very thing. When this
'25, 900 reaches Chicago, New York, or
Boston, and other large cities, our i'm
lginative county has only S25, 900 left
IS an active circulating medium.
They have cut their active capital in
wo in the middle.
AS we said this condition applies
more minutely to an agricultural COM
nunity for such neighborhood has
My two ways of bringing money into
t. One of these, is marketing of farm
rodnce-of its crops. The other way
re will mention later. Our illustra-
ion as we have expressed itapplies to
he month Of January and as we have
aid one of the means farm commu-
ity has of getting that 1000 back
gain is in selling crops, which they
Iould not be in position to do again
Or almost year. They have depict
4 their actual capital by one-half and .
ill have nothing to sell to get it back
" nearly year. We have said there
as another way of getting this $685.
70 back and that way is to borrow
hire someone to bring it back into
ne community, that we may have it
/ use. What have we done-split our
lpital In two in the middle and sent
to distant cities where we know
lere is no hope of its re-earning for
early year unless we hire it brought
ick. On the other hand, suppose we
I'd bought what we needed of mer-
lants in our immediate vicinity.
he S25, 900 would still be circulating
nong US and we would still have our
O,OOO active working capital.
In the first place there is nothing
we'd by buying away from home. 1t
ay seem SO at the time, but If we
all the tricks in the trades
d the deception used in the manu-
cture of goods, we would readily be
inverted to the home trade idea.
,ondly, we know that such a condi-
~ depletes the working capital Of
r communities and makes us depend
on the very people of Eastern cities
lom we have patronized. We give
EN- the profits on returning the
'ney to US that we may borrow.
Il we are not mistaken the country
present is on the eve Of the deus
n of this most vital question.
y 4 .#