Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1840-01-17

] aerlH 10 work, 10 sell II of, LOT bv lot 10 the
highest bidder, you would get two hundred
millions OF dollars before you get thro' one
quarter ont and what is New York in val
ue compared 10 this everlasting country
And what do we owe this 200 millions for ?
Is ifspent for noibIng--is it all gone TO the
bues2 Amt we got nothing TO show forit7
Go ask the States what they have done
with the money received for lI:cir Bonds ::
go ass the Banks what they have done with
the insney they have borrowed, ask the
corporations. rail road and canal compan-
ies--the merchants. every body who have
borrowed, can then show nothing for il 2
When yon get their answers. then ask 9th
er nations who have borrowed money ioo.-
nations who keep Standing armies. dashing
courts and splendid idIprs,-ask them 10
show what they have done with the money
borrowei. and then let The lenders look for
themselves. and Nlecide which is most likely
TO pay hest. There is only one just way TO
pay dehs--und that is by productive indus
Try.
| II man or nation borrow money and
spends 1t in way that nothing comes of il,
that i: one thing; but if the money is put
to work in buying tools Of trade, in clearing
up new lands. ditching and fencing and ma
king roads, building and improving things,
it squite another thing. The first is like
throwing wheat away. and the other is like
planting on'i, and that never brought man
10 ruin yet though he spent all the money
be had borrowed in buying seed tcheal and
planting ont Folks may say "there you
are ruined man. you've borrowed money
/ NJ mi. nd g. N L.,
how has be spent il. Some folks say "nev.
er borrow money, the interest will suck you
dry" So it will ifthe money is spent on
follis, but is that the case in this country
Folks say too snake no improvements on
borrow'd money; wait ill you have gain'd
1t. then go 10 work improving" but is that
sound practical democratic docirine2 For
that is The same as saying, don't lend money
10 any man who hadn't got any even TO buy
tools with---,hey won't say soEbut what is
the diffcrence2 But The cry is we are "a bor-
rowing people" So we are, and l nm
glad ont, erery body Of good character and
industrious in his calling. can borrow money
in this counlry--and that is jist the differ.
ence betwiM US and the people Of other
countries; for there they can't borrow unless
they are known 10 have property-no matter
how knowing man may be in his calling
no matter how honest and correct and indus
trious he may be--if he takes a notion TO
borrow lillle money 10 set up on his own
hook, the answer is mo, no-you have no
capital yet to borrow on keep to work and
wait, the borrowing and lending business
is done among folks ofcaptal only; all 9TH
er folks must keep to work & support them
selves and their families by days labor; and
that's The reason why in other countries you
see few big folks with milions-and mil.
lions OF poor folks with nothing. Such is
the case in all hard money no credit coun-
tries. And TO keep EN- so, their Govern
men,s turn lots oflhese poor folks into armies
dress 'em up and feed EN-, and talk glory
10 en- and make 'em keep the rest in order.
Tor soger once soger finds il easier TO
play sogeI than 10 dig and hammer, and SO
he is willing to aid in keeping other folks
digging and hammerng TO feed and dress
hun That is narral; and that is jist in
the naiur OF things we are coming to, il we
let thngs 60 on as they are now going.
II is easy TO say Pm good democratic
republican" and my doctrine is the rale
democratic doctrine, blu, words are wind
i 60 Tor something sounder than wind !;
for know that every scamp who has turn.
ed on, rale tyrant and oppressor. and his
party with him, begun by talking democracy
and his great regard for the people. and es-
pecially the poor people and afore he is
done with it you find that something has
compelled him to take matters ia his own
hand iocure evils and afore we know where
We are, one law after another, which the poor
people made Cor their own security, is put
under foot, and these few scamps are Lar,
Judge, jury and Hangman-and all for our
good for they love us SO much they can't
bear TO let us have our own way.
But Mr. Moderator feel It's almost time
TO go to dinner, and I'm willing TO stop here
and leave this matter OF credit currency 10
the good sense of the Conventional will
only add a few notions. If we are 10 be a
hard money people. am content, but every
body must understand it it won't do no how
and no way in the world, for office holders
TO be paid their present wages II we come
10 hard money prices every thing must come
TO it--pork, beef, cotton, wheat lard, labor,
every thing must come down 10 hard money
prices. Nothing must represent value but
gold and silver-all other property and
things. not gold and silver, must be measured
by gold and silver. Now If was an Office
holder, and had my wages fixed by standard
Of what called credit currency, which is
currency that represents all kinds Of property,
| would be as willing ms any other office-hol-
der 10 say. "down with all credit currency
J l. L 4 4 4