Testing the amount of money necessary for the uses of our people as I have done. we find a very material deficiency. But before our eyes everywhere is evidence of the same fact that cannot be mistaken. The building of railroads has ceased. cities no longer maintain their accustomed growth. farms are not being improved. factories are not springing into life. emigration is checked in its march to the West. clouds are lowering.over honest debtors. and all material growth and progress are arrested. The scant supplies of currency are scarcely sufficient for the uses of the great money centers and are. of course. held and controlled by them. while the ordinary industries of the people are in sickly stages and pleading for nourishment. The necessary operations of trade go on. but that enterprise which develops the resources of the country. creates its wealth. and leads the advance in material ptogress. is utterly repressed and inactive.
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emigration