162 



en tor into detail, nor docs space allow me to define the 

 probable effects of such discounts on pri<- > in general. 

 Undeniably, prices rise with the '< in circulation 



of paper money, and when the issue of paper money 

 begins to be enlarged, an augmentation in the price of 

 agricultural products is the result. It is a vicion- 

 cle from which there is no apparent 



The general causes which give rise to increased 

 |)riees < and the factors that most contribute to increase 

 and decrease the circulation of paper money and the 

 farmers' share therein, lie beyond the s<pe of this 

 work, but I would like to remark that at no epoch in 

 the history of the world has the is>ue of paper money 

 been carried to such an extent as it has to-day, in Eu- 

 rope particularly. Whether this is injurious remains 

 to be seen, the question as to the point at which satura- 

 tion begins and ends is difficult to decide, ft depends 

 exclusively on how the money issued is used, whether 

 in protitable or unprofitable undertakings, in rapid turn 

 over or in slow return*. 



What to do with the enormous capital we have ac- 

 cumulated during the war is the most burning question 

 of the day : one of the most important thing's to do is 

 to find useful inversions for our home capital. Many and 

 varied are the propositions on how to safely initiate 

 new undertakings, while often the most simple and ur- 

 gent needs of the land are forgotten or overlooked. 



