The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1865-05-12
TIL e PILOT.
Rags VS.. Gold and Silver,-or be pre-
pared for a wet day.

pared for wet day
The laborng and producing classes Of
community are TO be taxed: not beyond
their capacity TO pay. most certainly to
an extent to which their present imaglra>
,ions do not reach or their arithmetical
calculations comprehend.
There is now at least one Thousand mil
lioIs Of currency 10 circulation, which las
kept prices inflated and will continue 10
heaTy burden upon the people; and the
volume of government securities can hard
Iy be measured, amounting to two or three
thousand millions more, and to be increas
ed 10 seven thousand millions, which i. to
be exempt from taxation, while the burden
Of this enormous debt and its annually
accruing interes. rests upon-not those
WAC hold them-the capitalists, bankers,
brokers and speculators- but upon toiling
millions, who earn their bread by the sweat
of their brows. The hrllers Of these gov
eminent securities took them with their
eyes wide open, and knew that their value
was graduated and fixed by the value Of
the government paper dollar, and not By
the constitutional standard, that OF gold
and silver, and they must make up their
IN
silver from forty to sixty cents IN the dol
lar. The voters OF The country will thro'
the ballot box equalize these matters be-
tween themselves and the spectators,
,he government will be forced to come
back to the good old fashioned constitu
,iona currency-the real ch'nk gold and
silver, and discard green rags as the basis
Of circulation which enriches the few at
the expense Of the many.
Those shoddy contractors, bankers, bro
kers and spectators, will not be permits
ted 10 hide their schemes Of plunder, un-
der the cloak Of loyalty which they have
SO long worn at the expense of the I" bone
and sinew" Of the land, the toiling mas
ses who have stood tho heat and bront Of
the tatte for the salvation Of the country.
The community at large as well as
speculators will very soon begin to exam
iue into the state Of the finances Of The
country. and then look out for the strug-
Gle between The people and spectators.
From the money article of the n. \.
HerGM, OF the 81 inst, we clip The follow
ing: "As yet the state Of the finances
OF the country have hardly entered into
the consideration Of either spectators or
the cou,muniv at large. The people do
not know how largo the debt Is, or is to
lie, or what will be the future course Of
taxation upon which the government
credit is based, and in the light Of dawn
ing peace they look only on the bright
and rosy side, and regard remote contin-
gencies as immediate possibilities. The
stern logic of facts must, notwithstanding,
ultimately assert itself, and We shall find
that, vast as our resources are, they will
be fully taxed to meet the Obligations of
the governnen that gold is, after all,
better than irredecmable paper and that
n heavy national debt is by no means
light burden "
This experiment to make paper answer
the purposes Of gold and silver will cost
tie people s2.0OO,oo0,o0O, and bring
riches to the few and distress and poverty
to the many. Ii the government would
have prosperity aud happiness prevail
among the people, i will soon cease the
fort 10 tax Iabor for the benefit cf capi-
f,4