The Hillsdale standard. [volume] (Hillsdale, Mich.) 1851-1909, 1854-08-15
as that which followed tho passage of tho act

as that which followed tho passage of tho act
of 1912.
Not content, however, with this state OF
things, Mr.. Walker and his southern friends
abolished the tariff Of 1912. and gave us in its
stead that Of iS46, whose effects were speedily
folt in the establishment of counter current
for tho gold, and tho three years, from June
lS47, to June 1850, the export exceeded the
import nineteen millions of dollars. Mr.. Wal
kor assured Congress and tho people that "all
this gold must soon be returned but tho OK
port continued year after year, and its effects
wore seen in 1850 in the great diminution of
trade, little demand for labor, and great de-
nand for the services of the Sheriff. The day
Of tho money-lender was tlen again near at
hand, the day, of all others, to be deprecated
by all the owners of land and sellers of labor.
Fortunately, however, for the tariff of lS46,
the Californian mines wore brought to light,
and thus was supplied the drain Mr.. Walker
and his friends had established. Within three
years thereafter we had exported 83 millions,
and wc now export il as fast ms it comes In,
and would send it yet faster, but that the
day of the money-lender has come, and his
commodity is gradually becoming SO scarce
that il can scarcely be bought at any pr CO;
the consequence of which is seen in diminish
| ed building, diminished road making, dimin-
ishe6 demand for labor, and diminished trade,
to be followed by the bankruptcy OF merchants
and fall of rents
The mill owner, when he secs. that his head
of water is falling and his power diminishing,
searches carefully for the leak and stops it
Now il is quite as certain that money makes
| the mare 60" as that water makes the mill CO.
and quite as necessary to stop the leak through
which the gold escapes as that through which
a. A,,, -, thaf
direction would be as effective in the one case
as 10 the other. Is this however attempted TO
be done? Money is seen to be becoming al
most unattainable, tho difficulty about security
is becoming so great that the best mortgages
| are offered at largo discounts in all parts of
the country, while the small trader or manu-
facturer is unable to obtain it at any price
| whatsoever Yet does this state of things
lead to any inquiry among our Senators and
Representatives as the cause of the leak thro'
which escapes all the gold, upon the retention
of which depends the maintainance of the val
ne of property, of the demand for labor, and OF
the credit of the country? BY no means!-
Where such an inquiry made it might lead TO
discovery of the fact that sham Democrat
policy is always favorable to the money lender
and always adverse to the borrower-that it
always tends TO make tho rich richor and the
poor poorer, and that the government is ad-
ministered solely and exclusively in the inter-
ests 6fmen like Rothchild, who has ow quail
fled himself, as has been said, "to lead the
British lion, and lead "him according to his
pleasure and whose agent now represents
this country at the Hague. He is the fit rep
resentative of our Government as now admin
stered.
Among our readers there is, we are disposed to
think, not single one that docs not feel that,
if the drain of gold could be stopped, there
would be real improvement in the price of
property, great increase in the demand for
labor and its products, and consequent increase
Of trado,a n great increase in the tranquility
of the public mind, with great advantage to
tho whole ecommunity-the money lender alone
ercep.ed. All these results could readily be
obtained, provided we were to initiate the con-
duct Of the miller, when he finds his power in
sufficient because his dam is too low. He sees
that the water afforded by the clouds runs o.
yer without contributing In the slightest de-
gree to produce motion in tho mill, and he
puts on another course Of timbers, and to this
he adds second or third, and thus he succeeds
in preventing it from passing off until it has
duno its proper share of work. That is pre-
cisely what we need 10 do-raiss oar dam.-
The gold passes off in this case as does the
water in the other 1t does no work It's in
fuence is unfelt in our system. Were Con-
gress now to study the working of tho existing
policy, it would see that what was wanted
was another course of timbers, and that If even
O second were required, the current must be
arrested, and that then the stream afforded by
bounty of Nature would do its Office, and the
operations of the great mill in which we work
would be resumed.
Instead of this, however the Chairman Of
the Ways and Means proposes to lower the
dam, in order that the stream may run off more
rapidly. Messrs. Vinton, Ashmun & Co. pro-
pose to take off another course Of timbers to
add still more to the force of the current, while
the Secretary Of State has just provided, by
treaty that slaces correction for ten years at
least beyond the control Of Congress, for open
ing a hole at the foot Of the dam. for the pur
pose of producing a double ont,oard Jfow Of the
precious metals, and thus adding largely to the
power of the money lending class, the head of
which is now represented in Europe by an
American Minister!
This treaty will work we'll or i'll. as il tends
to diminish or increase the outward flow of
that commodity on the abundance or scarcity
of which is dependent the value of property,
tho wages of labor, and the profits of trade
That it will increase II must be obvious to all
who take the trouble to reflect upon the sub
ject even for moment. 1t tends to make the
people pay 10 Cdndua Ill tnat tney nOW III tuo |
form Of duties, pay to their own Government
TO promote the occupation of the provinces
Ito afford market at the highest prices for |
the produce of Canadian labor. ond to promote
the export of the money to England to pay |
for British food, and British labor in the forms |
of cloth and iron. 1t is but one more step to-
ward the crisis that must lead to the forced |
sale of land, houses, railroad shares, and all
other property, to the great advantage of the
Rothschilds and their agents, but 10 the great
loss of all who have land. labor, or thoir pro-
duets to soil, and to the ruin OF all who hap
pen to be in debt. II is, however, to the jour-
nails that representing money lending classes.
such as The Journal Of Commerce, that our
Legislators look for advice in all such cases,
end hence it is that they are always impovcr-
shing their poor constituents and onrichng |
the rich ones The Senators from Virginia |
and Illinois will vote for this treaty, although
all their present interests, and those OF their
costituents arc to bo promoted by the adoption
of measures tending TO stop the outward cur
rent of gold and reduce the price at which
Y,onav rn,v ho horrovad fnr thu construction