ABSTRACT

Scarcity of money is not at all a sure indication of poverty; but the proportion of money which each particular wealth sets in motion deserves some comment. Agricultural wealth is of all types that which demands the least amount of money to accomplish its circulation. If they have a small amount of money, that is so because of the nature of their wealth, they need no more of it. As to circulating capitals, those which buy and replace the annual harvest, the country has soon enough of them; the advance in wealth will be quite helpful to the progress of agriculture, but not to a proportional progress in the grain and cattle trade. The small amount of circulating capital, and consequently of money, that agricultural wealth needs, explains also the difficulty that is always encountered in selling land, not only in purely agricultural countries, but even in those which combine the two industries.