A Day with a Tramp, and Other DaysWyckoff, Walter A. (Walter Augustus)
History
A Day with a Tramp, and Other Days
Wyckoff, Walter A. (Walter Augustus)
Tramps -- United States; Working class -- United States
“We mean to pay our honest debts in full,” he said; “but see how the
thing works out: I borrowed a thousand dollars when wheat was selling at
a dollar a bushel. If I raised a thousand bushels, I could pay my debt
by selling them. But when wheat has fallen to fifty cents a bushel, I
must raise two thousand to meet the obligation. That came of
appreciation in the value of money. It is to the interest of Wall Street
men to have it so, while we need an increased volume of money. They deal
in dollars and we in wheat, and the more they can make us raise for a
dollar, the better off they are. It costs me as much time and labor and
wages to raise a thousand bushels of wheat as when it sold for a dollar,
and the justice of the case would be in my paying my debt with a
thousand bushels, for I don’t raise dollars, I raise wheat.”
No abstract reasoning or historical examples could have convinced him
that an appreciation in the value of money was due to causes other than
a conspiracy among what he called “the money kings,” who, in some
manner, had got control of the volume of currency and so determined the
prices of commodities. But with all his hallucinations in finance, it
was very plain that the charge of dishonesty had been misapplied.
It was toward the end of the day’s march that I came by the second lift.
For miles the country had grown more hilly, and when I left behind me
the village of Coon Rapids I found myself climbing a hill that was
really steep, then making a sharp descent into a valley, only to begin
another hill longer and steeper than any before.
I was slowly ascending one of the longest hills when a farmer in a light
market wagon called to me, making offer of a drive. I waited at the
crest of the hill and climbed to the seat at his side, while the horses
stood panting lightly in the cooler air that moved across the hill-tops.
Public-domain text, read in full here on John Shaqi.
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