The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1869-01-12
CORE SDo1deace
spanteses y tas sarssst
WAsnNaroN, ~ G. Jan. G. 1859.
aEN cARgY oN LAM. iAbon AN nis MosF

Oh eAReI - Land, iAbpN kNp Hls MOAB.
rAW SYSTEM
] cannot give you anything elise 81
interesting end profitable to year read.
ors as a synopsis oi tho remarkable
speech delivered BY General Carey, u
Cuohnau, IN The House. yesterday
The speech is intensely interesting. both
10 the yitally imporlaus mature Of the
subjects and ia the manner Of treating
them. Ho speaks as reprosen tatise
oi labor, proolaimiag and resisting the
aforementioned unjust advantage al.
ways taken Of il by capital and while
insisting that il is tmo tho injustice
was brought to Al end. be shows how.
in his opinion, the "consammaaon mest
deyoutly to be wished can be achiey
sd.
The JOINT product Of labor and oapi.
tai was not justly distributed between
the two produces The legislation Of
The country, State and Nation, was in
the interest Of accumulated wealth. II
believe that government which has
the right to oonscript a poor man and
put him in the ranks to fight its bat
ties, end dictate to him the wages he
shall receive, has an equal right to seize
the rich mans purse to pay the man in
the ranks, and dictate the rate Of inter
est he shall receive for tho use Of his
money. The rights Of persons should
be nj least as sacred as tho rights Of
property, and forced loan, with or
without interest, is as jnstlfablo as a
conscript law"
The wrongs Of which labor complains
were; l. The improper disposal Of the
public domain. g A Radical error IN
our monetary system
First, Congress was only the trustee
Of the whole people, and, as such, had
no right whatever to grant any portion
Of the public lands to railroads or 9th
er corporations, or to dispose Of them
to spectators or land pirates. Yet,
Congress had, within few years, vot-
ted away TO railroads an area Of coun-
try larger by 5000, 600 Of acres than the
six New England States, New York,
Pennsylvania, New Jersey, Delaware,
Maryland, Virginia and Ohio. The Pa
cihc railroad alone that giant monop-
~ which might yet dictate tho legisla-
tion Of the Republic or would re-
ceive in addition TO the enormous sub
sides in bonds, 124, ZOO, 900 acres; en-
ough to make four States larger than
Now York, Pennsylvania, Ohio and In
diana. In the name Of the landless
millions who desired homes, ho protes.
ted against the creation Of land monop-
lies; in their name he demanded that
every acre not already squandercd, and
every acre that might be acquired from
the indians should be sacredly setapart
for homesteads
Second The entire monetary sys-
tenn Of this Government, copied, as it
was from the monarchies of the old
world, was radically and anti demo-
cratic and subversiye Of tho rights and
interest Of the masses Of the people,
The whole range Of legislation on fl
nance was cunning device to rob la
bor Of It's just rewards, and build up
and sustain an aristocracy Of wealth.
Money was purely creature Of the
law. There was no necessity Of the ma
telial possessing an intrinsic value at
all commensurate with the value the
money represented Monoy was a
measure oi value as a yard-stick was
measure Of length The employment
by Government Of cheap material for
money as paper, was a saving Of tho
difference between it aud dearor ma
terial, as gold. Paper was also prefer
able in being more portable Again,
paper money would not bo exportable.
Money, exportable as a commodity
when withdrawn largely by foreign de-
monds, seriously derauges the exchange
able values Of al other commodilies.
Gold and silver, again, were inadequate
in quantity for all the purposes Of in
ternal and foreign trnde. There was
not enough III the whole world to trnus.
act tho businest Of tbia country alone.
Paper was resorted to, d necessity, ii
various forms, and purportiug to be re-
deemablo IN specie on demand, when
the specie was notoriyusly SO made
qnate, il was the p.ainests u cheats.
The yalue ot money was capable Of
beng regulated by the Government,
and the Constitution devolyed tie reg
nlaton as duty upon Congress. The
Yalue was determined by The rate Of IN
terest It commands; aud the rate of in
terest which money ought TO cammand
waa limited by the rate Of increase Of
tie pational wealth That was ali that
labor could afford 70 pay. A higher
rate gave capital more than It's due, and
labor Jess. Ia the course Of 10 years,
as statistics showed, the wealth of the
nation bad increased al tie rate of3 I-3
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