The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1915-02-21
Put Money In
Circulation.

There Is a kind Of short siehtedness
dificult to understand. and yet Il y
not peculiar to those generally classed
"a unprogressive and narrow-minded,
but. on the contrary there are many
considering themselves In the very
vanguard who suffer with this form
OF astigmatism--these are OF that vast
number OF people who. in the time
Of business depression and hard
tinnes,n cry out against spending. and
advocate saving. or so-called economy.
There are times when the greatest
economy in the world is TO spend.
when tines are hard the important
thing to do is not to save money but
70 spend money--to keep money in
circulation. In this way only can there
be an end to business depression. Pay
your way that others may in turn, pay
theirs.
when the financial depression was
f,rst felt IN the South there was a
splendid spirit manifested, all over
the country. BUY Bale Of Cotton"
became the slogan that worked con-
structively. and went far TO stem the
tide OF disaster. while men set their
wits to save the situation by reducing
the cotton acreage. and securing loans
Tor farmers, others filled the breach by
putting their money on the market
buying cotton at ten cents . pound
thus helping TO control situation
which was bad at its best.
The trouble with the cotton market
was that there was no market. And
so the calamity howlers forwith pre-
dicted ruin.
These same pessimists who predicted
ruin for the country because there
was no market for the cotton. today
predict ruin because there Is too wide
4 market for wheat. The price OF
cotton went down and they hcwied
over that. And now the price OF wheat
has gone up and they are bowling over
that.
The fact OF the matter Is that It IL
time for the people to stop crying over
situation that cannot be helped 10y
crying. and set themselves TO work to
better the conditions Ia q practical
way. In the South for many years
farmcrs have given too great an acer-
age to one commodity. Cotton is not
the only product Of the south. Let
the Southern farmers plant corn and
potatoes. and let the Western farmers
sell their wheat and put money in
circulation. Reduce the cotton acre
age. Increase the corn and potato
acreage.
n wheat costs q little more. Il must
be remembered that these forces set
IN motion are reactive. If we cannot
all got wheat bread, We can set pota-
toes and corn.
n we save our wheat crop. and do
not have a mralxet for it. what will
II proft? There is enough surplus
wheat in this country, according to
government experts. to sell to the for
eign market and stiil take care OF our
own.
There base been great deal Of
tank about the trade that would be
induced BY the needs of other ma
lions. vet. Mt the FIRST response 70
these needs. the cry goes UP that the
country viii be ruined and the people
viii starve.
There was sane and generous
spirit demonstrated at the first cry
Of hard times among the Southern
planters The South Ia stili suffering
from Depression. But this depression
has already been greatly relieved II
there is scarcity OF wheat in this
country and the demand is greater
than the supply. naturally the price
will increase. but II must be remem-
bered that the main thing Is to put
money in circulation. II the wheat
crop moves, 1t means money for the
western farmer II the farmer spends
his money. and he win spend it. it win
benefit the grocer, the drygoods mer-
chant, the hardware dealer. the auto
mobile manufacturer the manufac-
turer Of farming Implements, in
other words, all channels Of trade win
be benefited.
There has been great hue and cry
about buying cotton. and It is Z fine.
sane. splendid movement. But il it