Show THC THE FINANCIAL SITUATION A salt lake piper paper comes to the conclusion that ahat the argument that our c currency boncy ought to be expanded ba cause it is not equal per capita to that af france Is a non sequitur lur for the rea eon son that it is the activity with which money ia is circulated not the amount in existence in la the nation that counts this is tolerably true but then the paper referred to goes on to show that we dont need more money on the ground cited because our our wealth is always on the alert passing from band to band and in in livings tanks which is also true but how on earth does money in such enan places help the welfare of tr auie lof cash ian savings bank Is a very nice thing but it has no mare exercise as a general tiling thing than that stored away in the misers chimney and does no mare gool except prospectively it does no good gool at all to a country in a time like his this when the monetary stringency is only just lo and hag has scarcely arcely fic ceased choking the life out of trade it is like a boom boor of getting stuck on a sandbar sandbag sand bar no ni amount of sophistry and ani no conditions of comparison will help the case a particle what is bantel ia 13 enough water to float those loga logs and the amounts people may have in private ponds or ditches and the immense flowing in other stream aare sare not factors in the case cue except to the highly im azina tive mind who will keep on thinking what might or donld be it if only thy other waters were where they would do the most good Weh we have aveno no words of disfavor to cast upon the savings bank far from it in the banda hands of honest competent meni men it ia one of the moat useful adjuncts of civilization V bat but it has ha nothing to do with the question for the reason that the amounts which it holds are not a reserve fund of the government to be drawn against and banded handed oat out as occasion may require its de deposits ara private property and a stroke of national financial constipation does hut but have the effect of causing the depositors depa to mora more resolutely determine det ermna upon not touching their sa or if it there ia is fear causing them to 6 take their ivings into their own owa keeping this is right too what bea them is wrong in a land capable of producing everything wanted in the way of necessaries ess es saries arleo most of the comforts and enough valuable metals to make all the coin needed to facilitate exchanges it would seem that some thing was wrong at headquarters the idea of a family for instance on enu ering fraring for bread while there is plenty of grain in the bin a good mill close by and abundant facilities for taking one to the other and bringing back the product I 1 yet that is about the situation in tho the united states today to day store money 1 call out the centers of trade from which radiate the arteries of commerce throughout the land and the dif diffusion fasion of financial health to the body politic we bavo have no money for you answers the government and yet this same government a day or two ago ref refused 0 sed to coin a silver brick int into 0 dollars at the request 0 III two 0 men w who ho presented it wanting it in the chape of cash so they could uso use it as legal tender I 1 the law forbids oar our doing BO so eald said the nations employees plo and they said correctly but why have inch such a law we have a high priced Con congress greas whose duty it is not only to make such new laws as the exigencies of the timea times may require but to repeal those which are either useless or obstructive and if this congress Congre rs will not perform a ek pressing duty before it is too late to avert a great deal of mi mischief chief it is then high time for the voice of its members employees employee sto to be bo beardin heard in the land and in no uncertain tones we wo t take 2 koit it that something beneficial at least leas toome some decided steps in that direction are about to be taken A bill forlee unlimited coinage of silver silvar is almost sure to get as far as the house ot representatives durine during the present cession session of CoL grees greos it may get as far as the president and it may even become a law all reports to the contrary notwithstanding but bu it if it should fail a compromise by the terms of which temporary relief at least will be secured and the next session will find the free coinage measure going through as if it had been greased it itar II arrison sees fit to withhold his approval the next twill be a man who will not do so sa for just now the people particularly ticul arly those of the west and south have fettled down to the conviction that we must have more money and that those who oppose a practical plan for getting it are obstructionists it particularly matter whether france germany russia or any other country has a larger cr or smaller volume of currency than we have it being a settled fact that we enough let us try the experiment peri ment of coining everything presented to the mints that is coinable for a while and see bow how it works anyway |