Gallipolis journal. [volume] (Gallipolis, Ohio) 1837-1919, 1851-03-06
Pablished by. b James Harper ]
From the N. Z. Tribune.
MONEY AND IT'S POWER.

Hand, than the deep and constant 10
terest which the conservatives pro
Tess TO cherish in the welfare oil La
lbor. To hear these modern descen
dants and representatives Of the plum
dering barons of the middle ages
one would almost suppose himself II
the midst of a Socialist Convenlicle
with such a mixture of Vehemen
zeal and practical sense do they de
claim against the domination OF mon
ey, the depression of wages, and tht
starvation of the poor All this i
natural and encouraging. Ii is nat
uraI, because the old feudal aristoc
racy and landed proprietary. finding
themselves in the minority, and press
ed rapidly toward the verge OF de-
struction by commerce and the pow
er of the money-bag, must resist 10
the last, and raise such cries OF dis
tress as the desperation of the mo-
ment may suggest. 1t is encoura-
ging, because it recognizes theforce
of new principles, and the value ol
new interests, which are now rising
into prominence, and are destined to
rule the world. .a- b. ~..
Nor do we suppose that the Brit
iSh Conservatives are insincere in
thus contending for the masses aud
adopting radicalism into their creed,
even though they are careful not TO
adopt any part of il which initiates
against their own privileges and po-
siiion. Ii is true we have not heard
from any of their accredited organs
an argument in favor of Universal
Suffrage, an admission OF the native
Right Of man 10 the soil, nor any
statement Of the outrageous and inn
pious wrong of Land Monopoly
This was not TO be expected, for il
is by Land Monopoly, handed down
from their robber ancestors, that they
live and have their being; il is that
Land Monopoly. which, with despe-
rate efforts, they are struggling TO
preserve. But seeing that the revo-
lutionary onslaught of the new fl
nancial aristocracy, working by
means Of Free Trade, is not only de-
priving them OF their wealth and i'm
portance, but impoverishing the poor
and .beggaring and starving the la
horer al the same time, they march
all their forces against if, not openly
in behalf of their own cause, tor
which the world cares not copper,
but in behalf OF the more numerous
class of sufferers in whom the whole
world, either from necessity or con-
yiction, entertains an anxious and in
creasing interest.
Whoever had read carefully the
leading article in the last number OF
Bldckpoods Magazine must have
been struck by this combination Of
toryism and radicalism. The article
is evidently from the pen ofthe vete-
ran Alison, and it is marked by all
his ability and skill. 1t is entitled
The Currency Extension Act of Ma
ture, and aims to show what 5enef-
cial influence the gold of California
must exercise throughout the world
by keeping up the value Of labor,
and keeping down the tyranny OF
money. Blu; incidentally the writer
puts forth ideas OF quite iar-reach-
ing nature, which, sound as they are.
we usually look for in very differ
ent quarter.
The precious metals, having been
fixed upon as the universal medium
of exchanges, it follows that the
amount of exchanges which takes
place in any community, and conse-
quently, the amount of production,
lhe activity or on-activity OF flabor,
and the prosperity or decay of the
entire Community, must dependon the
abundance or scarcity Of these met
ais in circulation. Where they cir
culate in abundance, everything
thrives; where they are wanting,
business stops, ruin seizes on all clas-
ses, and, no matter what its previous
strength, the social structure falls
to pieces.
The constant increase of popula'
ton requires a corresponding in
crease in the amount OF circulating
money. The quantity of gold and
silver coin which would be adequate
10 the wants of country with three
millions OF inhabitants, must be dis
astrously insufficient when that coun
try comes to contain fifteen millions
Besides, the accumulation OF wealth
in the hands of individuals and The
progress Of luxury, draw constant
lly increasing amount of gold anc
Silver from circulation, to apply il Il
purposes Of utility and ornament
And the greater the scarcity Of mo
ney, the more of it is so withdrawn
since its possessors become richer ant
richer from. the decline in. the com
paratiye value Of other articles -
Thus in the latter days ofthe Roman
Erot,;ra rhnee ruirl. according [,