Daily Concord standard. (Concord, N.C.) 1895-1902, October 26, 1895, Image 1
f i - Vi -No. MO ! V e MANTFACTUliERS OF FLAWS, SIILETIjYG AXyA SALT BAGS o DEALERS IN Genera erch'adise. -o- BUYERS OF Country Produce of al Kind - AND - four-Foot wood always wilted best prices for same. We invite an in spection of all the goods we Manufacture. ilifckri Co. JIOKKISOS H. OAliUWEL ATTOI1NE V AT LAW, CONCORD, N. 0. Office in Morris building, opposite Court Flo"? CONC01U, N. C, SATURDAY, OCTOBER 26, 1895. WnohE NO. l.S7 MONEY. JNO. 19. Let na examine the subject of money and prices a little further, and to fix our attention let us con sider our own community which is only a part of a still bigger com munity. Looking at the community we ob serve, say, two classes of persons, yiz : dealers and producers. The dealers buy and sell, the pro ducers produce and sell. Each class is dependent in a greater or less de gree upon the other. Now, if more money be placed in the community, what effect will it have on prices ? This question can not be answered with any degree of certainity until it be ascertained into what hands the money goes. If the money goes into the hands of the dealers, it will, no doubt increase the activity of trade. Money will be plenty and dealers will be anxious to buy. Competition .among dealers will be close, and, as a consequence, considering the commodities bought, prices will rise. The money in this case has moved in the trading circle, the effect being to put new life into the business affairs of the coin munity. If the money that was put into the community should go into the hands of the producer for the pur pose of improving their means of production, that is, if the manufac turers should use it to improve their machinery and to extend their op erations so as to produce more yarn, clotty etc., or if the farmar should use it to improye his lauds, tools etc., thereby increasing the number and amount of commodities to be put on the market for sale, the market hand them their wonld be likely to be oversuppiied, and as a consequence prices would fall. If money should be nut in the svy, of farmers to enable to pay their bills and hold products for future sale, it would have the effect of diminish ing the supply of products temp orarily in which case prices would be likely to rise. But as the amount o produce would not be decreased by withholding them from the market, and as they would ultimately haye to go on the market, prices would fall again to their natural economic level. If the money should be placed in the hands of arties who are engaged in constructing railroads, building houses, etc., it would be used to pur chase such labor, supplies, and ma terials as might be needed in their uently the the products business, and consec prices of only a part of of the community might be affected. . As the money would ultimately get t;w.-i 'U u .1 c a i j iuiu mo uituuo ul uettiers anu pro ducers, these two classes might use it in such a way that the influence which the one had for raising prices might be counteracted by the influence which the other exerted to lower prices, in which case, prices would neither rise nor fall. In rural towns it happens some times that a few moneyed men have a monopoly of the business of buy ing and selling, even going as far as to crush every attempt to set up a competing trade. In such townB, if the means be provided by the es tablishing of a bank, or otherwise, so that energetic business men can command the required capital, the monopoly will be destroyed, compel tion in buying will inrcease prices, whilst competition in selling will re- duce prices. Farmers, and producers generally, will, in that case, receive higher prices tor the products they haye to sell, and pay lower prices for the goods they may purchase from the stores. Thus far it has been assured that the increase of money has been the cause affecting the rise or fall of prices, and it may be assured that thejrise or fall of prices bas been caused by the fall or rise in the value of money, that is prices rose because the value of money fell, and prices fell because the value or money had risen. Suppose that instead of assuming that n is only the yalue of money that changes, that the valne of pro ducts may vary. In this case it is easily seen that if the prices of com modities rise money will be brought into the community, chat is higher prices will put more money into cir culation. That higher prices do causes more money to be put ia cir culation is well known . to every banker, and will doubtless be ad mitted by all parties in general. The assumption too often made that every change of value, as indicated1 by the rise or fall of prices, ia caused by the variation in the value of money is fallacious and any one that takes that yiew of the subject sees but one side of the question Money is a medium of ei change and whatever cause tends to demand the greater rise of it will be the deter mining agent regulating the supply that finds its way into ciiculation. The proposition, money is plenty because priees are high, i3 just as true as the proposition, prices are high because money is plenty. Savigny. Speculation, HAMMOND & CO. Stock and Bond Brokers. 130 & 132 Pearl Street, NEW YORK CITY, Ef. IT. Stocks, Bonds and Grain bous . nd sold, or carried on Margin. P. S. Send for explanatory circus laron speculation, also weekly rv .r -ket letter. (Free) dwly L9UH U Concer National ii Coxcord, N. 0. President J. M. Odell, D, B. Ccltrane, Cashier. L. D. Coltrane, Assistant C&ebier Capital, Surplus, S50.CCO $16,000 DIREC TOILS; J. M. Odell, J). F Cannon El am King, J. TV. Cannon, W R. Odell, W. H, Ltlly, D. B Coltraxf FIRE INSURANCE, What stops Neut-teTjla? Dr. Miles' Pain Plllst Having: transferred my Fire In surance business to Messrs. II I Woodhouse and B E Harris, I corns mena them to any who may be need of fire insurance, ind beppeak for them a liberal ; atro- igo. Respectfuiiy. J. W I1 :: ftiead. We have assumed the Fire Insur ance business of Mr. J. W. Burkhead, comprising the agencies io? geviii first-class and well established cui paniee, and respectfully solicit r liberal share of business in tbv.t -inc. Wooduouse & Ii.Ai.ras. , ugnsfc 26, ,f WAIT ! WAIT ! WAIT "We wish, to announce to the public of CONCORD AND VICINITY WHAT THE MORE BARGAIN IS CO MING o I i We have taken up quarters m the vacant store room, op posite the National Bank building, of Concord, known as the Li taker building, corner I of Mam and Depot streets, j ft where we will open on or about i y, Nov. 1st 1895 with an exten- j oJ si ve line of very fine and me" ' dium grade clothing, tlXlOoCjOoCDoCOeCDoCDOCDoCI HI IV ft ft ft! ft ft The clothing we will have in stock ia manufactured by Hamburgen, Strauss, Schloss Bros., and other such fine clothing makers. This elotbing we will effer the public of Concord and sur rounding community at 25 per cent. Ies3 than the manufact urers' prices. - 1 ft ft ft People, who value their ft money, will certainly wait forw our opening. L All wool suits from $4.50 ton $15 that would C03t you else-Q where from $8.50 to 25. ft Amongst our other lines weft will handle the choicest line of l P ! 1 - 1- 4. , ,1 ' 1 gems lurnigniBgii, uii, .uuw auuco Yaa cci cccu , i counters in Concord. Q Wait for our opening Nov. ft 1, 1895. 3 lioc:33c:.:c3C3jcc' ft Wait for our opening and w w then call and convince yourself Q Q that we mean what we say. ( j Q We came to add to the pros- fj pperity of this communityy by ft ft saving you money. W saving you money Respectfully yours, ft IHfllll WrOTFF gin an. U II - ' CONCORD, N. C. We will also handle a line of all kinds and makes of shot rifles.