The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1909-06-11
MUCH MONEY NEEDED

i Where Is the money coming
from?" asks G. c. Goodwin In the
Salt Lake Telegram.
i Mr.. James Hill says railroads need
billion year for a least five years
| TO make needed improvements, eauip-
ments and in the extension of their
lines, to meet the swelling traffic Of
this country.
/ Now, five billions OF dollars is
Just about the amount that this world
mas In gold coin. II all that is re-
quired Ior the railroads alone how
are the other small affairs Of the
country to be carried along? How
about canalizing the Mississippi and
adjacent rivers SO that they can take
tneir part In transporting the crops
OF the country to the sea coast? How
about draining the swamp lands ana
putting the idle men In the country to
work? How about coast fortifications
which are sorely needed both east and
west! How about more battleships
and merchant marine?
Then again, we suspect thar right
at this moment there are quite fifty
million dollars being extended in
house building in the United States.
These are only few OF the items.
Where is the money to come from to
carry all these enterprises along?
Europe has been, In some coun-
tries, Q thousand, and others fifteen
hundred years, getting her original
resources utilized and making homes
for people. All that we have done
has been practically In the last hum
dred years and we are limited to a
Few thousand square miles as the em-
pires OF the old world are; we have
single states bigger than any one or
them except Russia.
When a. farm of 10000 acres.
with one house, is cut In two Ave
thousand-acre farms then another
house is needed, and with each parti-
tion one more house Is needed. So
that when the farms average only 100
acres 1t takes 100 houses instead OF
one as 1t was In the beginning.
In the meanwhile some churches
nave to built, some schoolhouses,
some hospitals, some public halls,
some jails, some hotels That shows
why this country needs more money
than any other in the world. The
building permits In New York City
alone will probably reach four hun
dred million dollars this year. Then
there are public buildings all over the
United states to be built. We have
one In Salt Lake; we suspect one will
be needed In nearly every western
state because the original buildings
we're put up on the theory that they
would be sufficient for hundred
1ears, the east not comprehending
what the west Is doing.
1T seems to ms that some means
must be adopted to increase the
money volume of the country or q
lew financial system will have to be
made; gold will have to be demone-
lied and paper money on the credit
II the country issued with which men
nay do business.
We are not sure that that would
lot be the best plan. What men want
Il money is something that the can
'uy and sell and use without any
iscount, and the credit behind 1t all
. simply the stability OF our repub-
lc, because the present standard,
yhich has often been likened to a
yramid with the apex in the ground
! geeting too big, one of these days
is either liable to fall on Its side
r. like a rotten iceberg, to disin-
egrate and disappear.
"The papers told US yesterday that
ne ambition OF Mr.. Aldrich was to
'ame currency system for. his coun-
" which would be sufficient for all
s wants.
I'VE think his idea Is to found It
n the debt Of the country and have
grow as the debt grows. That will
0 II he will ignore gold, just treat
old as silver was treated 16 years
80, have 1t declared by congress to
3 mere commodity, good for the
IT'S but not money. Nasby's idea
ust have been good one after
]. when he started that bank at the
'oss roads.
"The country is getting too big for
) money