Nuggets Of Wisdom

Iluratio Seymour, of Now York, gives forth 110 uncertain sound ou the inouey question. A rocent interview reporta that veuerablo and houored Demoorat as saying : " The west deals direetly witb the markets of the world. It lis more thaa it buys, and to uinko l'ua most money it needs a currency which is the standard of value in use by tue commercial world. Moreover, tlio west gains enoriuous advantages trom eheap trausportation, and he pointed out that since the paper currency has risen in value and nearly to the Standard ot' gold the grain and provisión producís have been carned to the seaboard at less than one-third the cost which had to be paid when the currency was intiated. The west, he says, has not only gained greatly by cheap transportation, but it has beun ablu, with a currency nearly at par with gold to sell vast amouuts of its producís at a profit in the east and in Ëurope, which could not have gune to either market under inflat ou chargis. The west never sold so much nor bought what it needs so cheap as in these later years when gold and greenbacks are nearly equal in value. The reports show that western farmers can compete in the European markets witb the grain aud produce of Kurope only if they hold to a sound currency, and that the whole west now commands and controls the eastern and European markets and is gaining iu wealth taster than ever it did bei'ore. A new inflation would cause it to lose all its preseut advan tages." Mr. Seymour speaks as a Deniocrat and saj's it is a good tbing to give all dissatisüed elements an opportunity to be j heard. While their theories may be false, still they prove that those who entertain them are in trouble, and they will bring out many facts which will be of value. The discussions of this year will be of great uso to cure them. He doeR not entertain fears of seiious results trom the communistic or socialistic inovemonts. He points out that it is not the poor but the formerly wealthy who have suffered most iu the long period of depression, and that governuient bonds are not ownod by capitalists, but are held in the niain by savings banks and life insurance companies, as trustees for the industrious uiauses. He says it is a curious fact that wealthy manufacturera of New England and Pennsylvania have been preaohing the doctrine of communism in arguing that a class of American laborera must be protected and supported by taxing American citizens through a protective tariff. Hpeaking of New Pork speculators he says there canuot be a more ghaBtly satire on Wall street than to speak of its bloated capitalists when it is a charnel house, full of the skeletons of dead corporations, whUe those that are left are shrunk to skin and bone. A list of its banruptcies will show that there is not a spot on earth where a financia! epidemie has slain suoh a uiultitude of bankers, brokers, and speculators.