Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1869-06-15
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can buv and oyn propei ty as labor prices or, in
other words, at natural prieest but tG9or
buy and own property at speculative end fictitious
prices for these the prices OF the and
swlndler; and not those of the honest worSer and
change of honest Iabors Why, of course nothing
Is in itself something equivalent TO labor
and that requires labor to produce II hat sniss
else of real aud intrinsic values something that
required labor to, produce it,
Under such a NoNSV,or eunRESSYs or 1Epsvs oF
of labor for labor. this, there will be
stability and steadiue in the value and price Of
land: II will hold, STEADILY, its relations to labor
Cu the CO ntrary, VIII paper money Is the medium
the prices are vSciliating uncertain, and spceu
Iative; and, of course, il il perilous 20 lahoring
men to purchase Iand-evcn n hone-uniess every
dollar Is paid down! The laborer, who boys. ina
paper or credit currency ca not venture to use his
iSDrvIDuAL cREpTT, which is founded on his eirn 81
Pacity, property, industry, and intelligenrei he
cannot venture 20 do so, because, the value OF all
paper money is shiting and uncertain; and DC.
cause to give any valne TO paper money the eredt
of which is incorporated, Att vALuE has been al
ready annihIlated of ali ISDIvIpuAt. eREDrT Ala
borcr, them cannot safely buy land on CREDIT rat
cEs, or PAPGR NoNEY PRIcEss On the other hand,
he safely buy NHd at labor prices or the prices
of gold and silver; any other prices that are
founded something that ntriusicaiiy representa-
and is the equivalent of labor. lie can make his
calcula tions in labor hard money currency, and
may be able to work up to them, if he ventures
to use his owS CREDIT for IL any untoward event
should happen, sckness or the failure OF cropsl
the probability is that land rated at its true aud
natural and labor value, even il he should be COM
RELIED TO SELL would bring what he gave for it; go
That bis FIRsT PAYMESTs would be saved, and that,
at II events he would not losc the land apd then bc
in debt, Take the instance OF a labOrer, for exam-
pie, who has accumulated by the 'sweat OF hts
brNw'' TWO THousA> DOLLARS. and who 10 destrouS
upon his own credit, founded on this fund.- and on
his own industry and c9pacity-to make purchase
TO the value of SIX THOUSAND DOLLARS. Sueha Ia
borer would estimate the time in which his own
labor would enable him to comply with euch con-
tracts for his contract is at n real price, natural
price-labOr's price-and can be estimated with
some certainty. He would enter into such con-
tract hopefully; for he knows that with the ordina-
ry of fortune he will be able to comply with II,
and become the master OF n comtoTtablc Indepen-
deuce; and he knows too, that il any untownrd cir
cumstauces should Intervene as sckness or failure
crops, death itself; that the property has
been bought in HARD MONEY and at ms own PRICE
-LABoR's PRlcE-and will be worth the same,
Eear tit may be more, ii he has improved itand
that even If 1t must be sold to ia the balance herO
will be left him, HE family, the hard earn;
inCs of the paid 1t, and thai this, at least,
will not he lost Nov, how different the oS Sc when
the s1mo purchase is made in paper mono1-in
credit prices the prices of the gambler, and specu.
Iator, and cRpitalist-priccs that fictitious and
vacilIating Just pa may grind their
or stop grinding-blnISs and the faro baukere and
backiegs that WELD them, and sport with the labor
and property of whole communities, nay, at their
pleasure speculate at their necessity contract
or expand; and thus cnrry up or down property
OF contracts, after the acton of saw aud un-
der whose action. lard bought at one hundred dol
lars to- day may not be worth fifty, or even twenty
five tomorrow ought not to have said, :" DO
worth" but RATE For land. whctherit 1t rate at Slo
s 100 per acre. is equally valuable, for IFS true
value depends upon it's products, and 1t cannot he
valued by prices put upon ii in PAPER or counterfeit
money; which never did give an idea of the yalue
OF anything; was it ever deeSncd that It should
do so; but 1t was invented on tho contrary, to
found the values of all things, and enable sharks
and vulturcs, in the confusion, to prey upon It G
productive ciasscs of the community-and most
cou. pletey has il answered the purpose. Truly,
Bacon's definition of paper money and banks is cor
rect. and they the most complete device, the
wit of man ever invented to make the hing's ehaa
better than poor folks corn =!
IT is. then. in my philosophy no, not mine-bot
in That of Moses and Aristotle, and BlCOn-impos-
sible for laboring men, generally. TO become tho
owners of land, or any other property, unlesS tho
CHARACTER oIthe money, and the uEe OF tic money,
be such ae to hold land, and all ether property Mt
labors priccsi .-
If the money is hard mioney-labor nonoy-casii
money-for labor is, aud ought to be, equal to cash
and, in the of that money, all usury is prohibit
ed and nbolished-then' MAINTAIN tnat ianuLns I o..
the air the free gilt OF God to mHneVen though II
be bought nd sold-will be held down TO the nsi--
raj price of labor: And labor purchase s-u own
it, and will then, as matter Of go ',,;S T us
land, and not that of a-ether Ana ih'S: hh
derstand, to be the de'i'e cx pressed IN your
speech in which you say, q that the man VINO works
the land ought TO be the owner of it," And 30 sHJ
j, for nm an enemy to land monopoly. labor mo
nUpoly, and cspcci1iiy Ia money rioropoly, aa pc
i.ettnr the other mouOpulies. Down, Their, with
"a per money and usury in all its forms. Mr. Wade
Jf yoa will assail them with the sword, as Hercules
did the Hydra, and lop off their heads. viii play
tho part Of Ioaus and scar them With hot IRON 60
that they shall never sprout again! Do this, Mr..
Wade, and / will insure tho reAult: will not in
That is anothcr md distinct proposition. that
must not be conroundcd with ours But / will in
sure you that all men will have fair chance 10 ao-
quirc and own property; and that property, not
fairly and equally distributed ana divided; and tho
more especiiIIy IL you will add dash of the good
old Jewish hom>stcad' ! will insure You further
that. when property is held down to lubors prices
by banishing usury and paper money. al men who
and tfcir Intelligence and Willingness to do 20, be-
come tn owners of property and Of course, eman-
Grated from white slavery, and that cond tion OF
mcnialism which you so properly dePIorc will
further, insure you that, they will be able 70 feed
cIothc. and educate themselves and their chldren!
and to havo their " recrcatiOns and cnjOyTncEtS
too. out of ttrair own labor aud property. and
without any dependence upon the aims and hutnu'
iatins charity of cold and beaTtlcss world! As
long az uGurY and paper money e1ist-aS long as
Continued on Second page.
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a very little sugar, keep stirring it over tho