- Title
- North Carolina booklet : great events in North Carolina history [1907 : October, v.7 : no.2]
-
-
- Date
- October 1907
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-
- Place
- ["North Carolina, United States"]
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North Carolina booklet : great events in North Carolina history [1907 : October, v.7 : no.2]
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THE FINANCES OF THE NORTH CAROLINA
COLONISTS.
RY CHARLES T.EE
КАРЕЙ,
PH.D.,
PROFESSOR OF ECONOMICS, UNIVERSITY OF NORTH CAROLINA.
At the more mention of finance, unless it lie in a sugges¬
tion of a gift to us in the shape of money, most of us at once
declare our lack of interest, if not indeed our complete indif¬
ference. We have become so accustomed to the idea that the
monetary phase of life is so dry and uninteresting, that the
consideration of this phase of our life belongs exclusively
to the economist, the expert historian, or the statesman, that
most of us, if not indeed all of us, are ignorant of some of
the most vital and fundamental aspects and problems of our
common everyday life.
But, notwithstanding this apparent, popular indifference,
the monetary phase of our common life is really vital to all
of us —to every man, woman and child among us. We can
never, even for a single moment, escape the question of
finance, however much we would like to do so. The senti¬
mentalist, who according to his own conceited belief lives
solely in the realm of the beautiful and the true, — even lie is
most fundamentally dependent upon its forces. Finance is
not, as many of us have so oftentimes fancied, a subject for¬
eign to our real everyday selves. Tt- is indeed a most, vital
and universal phase of our normal life, of our life as indi¬
viduals and as collective bodies of individuals. If is ever
present and vital in our consumption of wealth, and in our
production and distribution of wealth. It is ever a problem,
and a most, serious one, for the state, which of necessity must
consume wealth for the satiation of all its myriad wants and
for the performance of all its protective and developmental
functions. The state must not only satiate all its manifold
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