The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1840-10-01
CHARLOTTE, N. G., OCTOBER /, 1910.

cheney Of good money, and use no more o.
Il than is absolutely neediui, and let the re
maluder, Of the very sane kind Of monry
/. stay m tie pockets Of the people TO swell
and ~ the channels Of trade and commerce
and y whenever We should become involved
~ war. then tie packets of the people
world freely and fully supply the treasury
OF the milton. jus, as the arms Of tieener
would defend The country. ls,here a tDem.
Der here who Is willing 10 reduce the cur.
rency down TO three dollars head and
as necessary consequence, 10 reduce, b.
oPrdtioa Of lu,1, the wages Of labor, the
price Of prnduce, aud the value Of property,
TO corresponding low PRICES; aud thus sac.
rlce all the laborious industry Of the eoun.
Try These who would propose or adopt
such dinnnuiion Of currency, and scarcity
Of money, may prepare TO encounter the
fierce ffosns and fiery indignation Of an
injured aud ruined people.
MONOPOLY
THIS Lard money monopoly would Le al.
tended with disastrous and distressing eff.
ieeis upon al branches Of business. Ii this
scheme shall ever be carried into foil opera.
{ lion, the man Who works now for q dollar
a day, vii Mt receive more than twenty
4 five rents he who gets fifty cents, would
receive twelve and half cents per day
so that honest Industry could not support il.
self sud i've by labor. " heat, worth 81
a bushel, would sell al twenty five cea,s +;
corn, worth fifty cents, would 20 al twelve
and half; one busbel Of wheat, (ar one
day ; work in harvest, will now pay debt
Of one dollar; carry this Sublreasury into
practice, Ond then II will require four bush
els Of wheat, or four days labor, 10 pay tie
same debt Of one dollar. Cotton, negroes,
land, every species Of property, Wusl loll III
the same proportion. The price uf every
article ofTad., made by tie planter, farmer,
mechanic, and nottingham, would be dl
minstrel, sacrificed, aad crushed before
golden images and silver idols. But observe
tue difference aud inequality Of his measure
1t will reduce all The wages, prices, and
property IN car orn country, while il leaves
all articles imported here from foreign coun
tries ct the present high prices So that,
By the operation OF this Sub treasury law,
We shall be compelled 10 sell low and buy
high. This is losing ic(lhunied game to
that large aud mertorious class Of society
Uhose tabor constitutes their capital and
currency But still 'it is bad wind that
blows no body any good" The President,
mca 5ers Of Congress, and all fe ieral officers
and agents, will make money by it. Their
specie salaries will be increased lust in pro.
portion TO the reduction Of prices for labor
aud property. This is the game of :: heads,
tho officers win tails, the people loose. y
This is simple, but safe game; the pro
cess, am Informed, is this federal cred.
tor, or member of Congress, draws his pay
in new coined gold and silver, and then takes
and carries ii away 10 broker, and sells il,
at d premium Of from five to fifteen o! TWEEN.
ly per cent, for bank rags and shlnplas,ers.
lie pockets the premium, and pays his debts
with the unconstitutional! currency. do
not think officers Of Government ard guar.
dams Of the people should become money
changers, brokers', shayers, or spectators
in currency. do not think the iron arm
Of power should use its federal fingers TO
sc.Zs and tear Silrer shillings and sixpeuces
from the necks OF ENie children, or rob the
iiHle Ill of the big chest Of some homes!
frugal farmer 10 get silver and gold to pay
public men and agents, that they may en-
gage ia speculation, aud erjoy the proGla.
be privilege Of shaving, SHINING, and hav
ing large per cent. from the fruits Of hon.
est Industry, or from The common currency
or onr common country. This making flesh
OF one, aud fish Of another, is very unequal
and unjust, but proof positive that the prac.
teal operation OF this measure is 10 make
3uyldlous distinctions, md furnish two kinds
of currency of different vslue--tho better
sort for the Government, and the bascr scr,
for the COMMUNICABLE and siveNlor the
President and office holders, bank bills and
deprecated paper for the people and tax
payers. This is very GriS'0crdhc Demo.
cracy : The Sub.treasury policy makes
it the direct interest of the federal officers
10 deranse and depreciaie the common cur.
rency as much as possib!e-because gold
and silver will always be appreciated Just in
proportion as bank notes are deprecia;ed.-I
And thus specie will be banshed from cir .
culatlon as money, and become an article /
OF merchandise, Dough, aud sold in the
market, like salt and sugar. Yes, sir, the
Presidents better dollar may buy two bush.
els Of suit, while the farmers bascr dollar .
may purchase but one. Now, if the farm
or's paper dollar be debascd ard deprecated
still more, then the President may buy four
bushels of salt with his silver dollar, while .
the farmer cannot purchase ono with his
deprecated bank note. This is not even.
handed Justice. The farmer pays his tax .
TO Government, among other things, for
good sound equal curren1y--hnd it is the
duty Of the President and Congress, not on
ly to make and keep the constitutional stand
ard OF money in gold aud silver coin, but if
there be deficiency and scarcity of the pre-
cicus metals, to see that the Government,
and the people are provided and furnished
with a sufficient uniform currency Of equal