The pilot. [volume] (Baltimore [Md.]) 1840-1840, 1840-04-23
DUFF GREEN.


HARD MONEY AND THE WORKING MAN
The argument addressed to the laboring to
concile him to the reduction of his wages is, that if
wages are reduced forty per cent, -four is still
reduced This IS question that may be disposed of
by simple arithmetic, and we would recommend the
honest aborer to up the calculation and see how
the account stands. When wages were high he could
receive constant employment. Now wages are low
and he cannot get work. He must take into the ac-
count not only the reduction of wages, but the time
lost for want of employment.
The following extract from address to his con-
stituents by Mr.. Atwood, member of Parliament,
from the great manufacturing town of Birmingham,
exposes the effect of the upon the currency the
interests of the laborng classes. Mr. Atwood is well
informed, and his remarks show the war
upon banks to enhance the value of money, and
thus enrich the large money dealer, forcible
that the laboring cannot shut his eyes to their
truth. Who they that have grown rich in these
times ? Is it not the money dealer and the Office
holder
Mr.. Atwood says:
esThe democracy in America at this moment
cutting their own Threats mady, and working the
very wild havoc among the industrious classes
there, the Jewish aristocracy working here
In their wild efforts to convert a fiction of the law
ney, which have been TO them valuable than the
land which they occupy, and more vital, if possible,
than the very air which they breathe Credit and pa
per money have been to them the very life and soul
of their industry; and yet they virtually insist that
man shall in future be permitted to plough the ground
or to cut down the FORESTS, excepting only the few
lucky individuals who happen to be born with golden
ploughs or golden axes at their command! And this
is Democratic America! She has universal suffrage!
She has no national debts and taxes; but she has
raised her rate of interest to fifty per cent. per
among them, and stepped in poverty, misery and dis
tress Greediness, malice, pride, envy and hypocrisy
appear equally to have animated the councils OF both
nations for strange to say all this wild havoc be-
ing effected in America, in England under the ex
traordinary pretext of beneftting the industrious
classes! Under the pretence of restoring 'fsound
and healthy currency" the Legislators of both
tries have taken away the paper money without TAX
ing away the debts and obligations contracted in it;
leaving just sufficient gold and silver money in cir
cuaton to pay their legal claims upon industry,
but not sufficient to give more than half employment
half food to the People. In both countries the
People have been told that the moneyed interest was
too powerful under paper system; and, under the
pretence of reducing this power, the two Legisla-
lures have strangely contrived to double and TO ire
bic it, by doubling and treblng the value of the mo
ney which measures it; thus grinding and crushing
the industrious classes in both countries, and deiv
ering them up, like sheep to the butchers SHAMELESS
or, at the best, converting them, as / have AWAY.
foretold, into mere shewers of wood and drawers o
water for the Jewsn What is this madness in tn
two foremost nations Of the earth? Is it the Ell
feet Of human passion binding the human Judgment
Or is it the effect Of some mysterious Providenc
working its awful dispensations amongst us2 M
mind is in the dark"