The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1908-04-01
thirds Of all our money.

/ -. NHdt was the value Of MI ON
farm products in 1907. A.-s;.4,a,
100000. All our n cney together. MI
that tho g"vernmcn, las ever mad,
In us y.ars. is not enough to pay for
one-half Of last yea''s crop. Il w,ule;
take II all for tho corn. hay cotton
am whest crop alone. not Counting
all ether products.
%. How haze We been getting
along with 30 little money? Ave
nave had confidence In each other,
supplemented by due bills. notes,
checks and clearing h Use certificates.
For instance. during the last fvc
months over $500. 900. 900 in clearing
house certificates were issued III e HAT
money, th,usht nrt near so good
More Ma. money was put into circn-
lation In three months than free sill
yer wnuld have put in three wears;
and yet Il is said by banks 4, have
been "a blessing. Our gov .rnment has
made 5ss.000.o00 silver dollars In lis
wears; our barks put out about half
this amount in clearing house cer,. A.
Gates (worse than Nat greenhack or
nat siiver) In th-cc months. In 1S.U
and 1900 we were TOLD by WAN street
orators that nat money by the gov
ernment was calamity, curse and
atcrime: in 1907 We were told by the
SEINE orltors that Nat MONEY by
banks II great blcssirg. How tines
and lnrn 10, change.
"a. Has our money been always
sssadiiy increasing? A.-.No.i 1t ran
from s.o.c7 per capita in 1855 to s17.-
10 In 1878; to s21.s3 in 1855. and 70
sst.i1 in 1905.
%. What has the government donc
since 1855 to increase our anAunt Of
money! A.--Almost nothing.N con-
siderina >ur needs. Under the Bland
law II lgas inoreascd by about 1884,,
oos.ooo silver dollars from 1878 to
1880. and under the Sherman law Of
1880 II was Increased BY about s4o..
100000 In treasury notes. The Bland
law was repealed by Republicans in
1890; the Shsrwan law By Presidsnt
Cleveland ir 1888. Savs to encourage
the issue Of National hanks TINT 10 all
that has been doneA ~
81. ssvw. thv.. has o'sr currency
Increased In volum-f A.-By discov-
cry Of n<.v sol.! mines. Tho free coin
ags Of silver was stopped In 1s7s. but
the fres coinage cf sold has never
been stopped since the tire Of Andrcw
JacksoH. Anybody can have gold
bullion coined into money. and since
1885 ovsr eLeoe. 900 IN gold have
bssn coined. Since we only have q
iistls over $4,000. 100000. All tcid. In
shs unitsd States. e viii be sen that
about ons-tlird Of al our monsy has
tssn made cut Il sold. ana that since
1850. The gcvernment refused to
make moro srssnback. % the Popu-
lists demanded; refused 70 make more
sllvYr dollaFs % the Dsmocrats do
nsanded. but God "pensd the aold
miFpss and relieved us with food
of gold. Gold came % fast that
comptSqilsr Ridgelsy. In 1909. said It
vas eudanOsring our business: In
stsad OF silver hood gold food
had come. he said. to drown W.! In
1855 wail street sa,d more money
would ruin IN We had enough
Through this providentiai gold fiood
our money has increased 50 per cent?
and now (mirabile dictu) there is
. universal cry for moro and more
money. ~
~, Whose c,sims have hesn vim
dicated? A.-rhe claims OF Demo.
Gratis and P"pulists. and Mr.. Bryan. IN
1855. that great deal more money
would be = blessing.
%. How much taxes do we pay
per year? Ave pay to the ma
tionai government ss.72 per capita:
to the state $3.50 per CAPITA: to the
county (Davidson) $l.76 per capita.
to the city (Nashville) $40 per cap
tia; total tax OF about $50 per capt.
u per year. It would take AL our
money In pay one years taxes.
-. What 10 our ratio OF money to
bank dspoatsr Ain 1905 at on.
time the banks owed deposlto-s q lit
tie over $4,000. 900. .00o-four times
a. much az all gar money. II tho
banks had had all our money In their
vaults they could only have paid to
each depcsitor one-fourth tf what hia
pass book called fo:. Thr-c-four,hS
Of bank deposits arc checks or drafts.
and. OF course. at any one time the
banks could only pay back one
fourth In cash and threc.fourths in