M'arthur Democrat. (McArthur, Vinton County, Ohio) 1853-1865, 1863-09-03
Try and tended to destroy the morality

| MI' uGHOIoOlI uCNbuuCCN Oduho 30
/, parasitical institutions ard during
his life, expressed his adherence oi
their whole scheme OF operations. IL
has been said, that in the history oi
nations as we'll as oi individuals there
are to be found moments Of frenzy in
(which every movement battles the
calculation Of the politician, the NOR
alist, and the philosopher. We are
passing through that frenzied stage,
now; or rather, we are in that stage ;
whether we are working out OF it as
tpeople, God alone knoWs. Creating
war dedt of three thoasand millions,
1.-THE administration is building a'formi.
liable moneyed scheme by which to
grind out the interest on that debt ;
and the blood and marrow Of the poor
man, the laborer, the great class Of
industrial workingmen, most create
this interest; for the grim money
lender will want his quarterly returns
from The treasury OF the country, and
it is only paid into that treasury BY
the sweat and toll of the great willion,
If the grtat body of laboring men
could only realize wEata vampire 4
bank is, smoking their very life blood,
while tho poor, ignorant, credulous
victims are sleeping in full confidence
of the blessings OF these institutions;
lif these victims Of the moneyed power
could only be made to understand its
evils, every bank in the country would
DO swept out of existence as by q
whirlwind. Do the farmers, mechan-
lies, and the laboring class in general,
believe that the majority Of the sur
plus wealth which their labor yearly
produces, ought in justice to be owned
at tho end OF the year by few tinan
clers Does their common sense
teach them that u few, for the use Of
money necessary to exchange the
commodities produced, ought to gain
double, treble, OF quadrnple as mach
of the production as those who furn-
ish the skill. and perform the labor,
which those productions are tho result
off, ~. ~ : IS
Banks in the Statas OftAS West
receive from seven TO ten per cent per
year for their money directly, and the
: bank profits from exchanges, drafts,
d, &C., reach as high as twenty-five per
. cent. When laboring man buys a
: bill OF lumber and fashions it into
chairs, tables or dwelling houses, ard
obtains from the public price for bis
labor, he has given in exchange some.
thing tangible; the world has been
! enriched by his transactions bot
when your "capitalist" sits in his
Office in Wall street, and makes thous.
, ands per year out of his brain labor in
!, ; pfftctiug a loan OF bank paper prom,
! ises to pay" how much better of is
The great world for his transaction I
y What benefit to mankind are these
y mere money drones 2 What benefit
=. do .hey confer upon labor, upon the
indus trial cassesl None at all on
J the contrary, these moneyed concerns
! as banks or brokers, are leeches upon
the great body OF labor, sucking its
!, Iile-blood, through Interest"
i All state and national debts are
dead weights upon labor. All bsnkt
: are debt creating institutions, tending
to effect the mortgaging Of the bodie:
. . and souls Of the moneyless portion O
. the people. All Capitalists" or money
) lenders belong to the same soulles'
category.
Money is Of service to the worlC
:, only as the standard of value by whicl
the products OF the soil, all merchan
die, and the labor of the people, are
!, estimated. When there is a surplus
4 Of money, when banks are created t.
an unwarraGtable extent and currency
is emitted broadest, speculation il
;, fostered, hazardous enterprises are Sc
% on foot, unhealthy schemes of all sort
arc concocted and huge aggregate c
= interest is obtained which labor alon
: has to provide. Incomes from labo
Il and products invaribly diminish il
~ proportion 10 the increase of Incom
" =, from money. When the money lenIe
is advances the price of the use OF none.
% - or interest, the producer has to labo
~ harder than ever to clear his 500
+ and yet the money lender or broke
" has done nothing to aid production
y y but by his increased rate of intcres
. y las retarded it.
,e Let the workingman never los
!. sight Of the one startling fact, tha
~ every new bank foisted upon the com
at munity is only another load to b
le fastened upon the back oflabor. Ever
O, dollar thrown out must produce il
e tseven to fifteen Per cent, and ths
n. seven to fifteen per cent is only oil
ci ained by somebody's sweat and toi
ce Money brings, in every city in th
IS. country, from five per cent per year
- lthraA Y,ep oenk NOR ynnnfh and Iii