Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1871-07-11

"Free trade in money, or note shaving. the
grIEe cause of fraud, lOoUerty and ruia !Stria-
gent TsGyy Laacs the 6est dsteHee Of tie people
against ''hari times"
And his definition of the question. at the
head of this article, to-Wit what Is money 7,
is, as follows:
Money is labOr,saving invention, author
lied and regulated by government for the con-
UeRieRce Of the people; and he who thrives
wealth Of the State. but interferes with the
Industry of Others"
The Free Press will thus sec that, some
men, Of some importance, do not altogether
agree with him, that this is not = question Of
importance to 1.-The community in general"
and, as part of the community, to yourselves
in particular !"
Now. having already in many articles. in
the valuable columns" of the Spirit, dis
cussed this the greatest question of the age,
and Of the WOrld-fOr around it turn aS a
centre and TiUOt the revolutions, and reforms
that now agitate this country aud the world
at large-I will leave those articles to speak
for themselves not argue any longer; bat
come down to Whipple's definition Of money
as fixed aud acknowledged fact-a fact dis
Puted, aud to be disputed, by no one
On this-his WhiPplc's definition of money
improvement.
He says. "mUney is \ labor. saving in ntion,
authorized by government for the con UeHience
Of The people :" Now, If this be so aud so
It is; for take it as Gospel admitting NO ar
gument; in whose hands, aud under whose
control should this ''labOr>saving invention"
be-thiS "inventiOn" for ''the convenience of
the people 2" Where would this ''inventiou"
be safest! Come, DOW, answer this question ::
Would il be safest in the hands of the gov
ernment of all the people, who elect their del.
eSatcS, responsible to them, to Congress or
would it be safer in the hands of monopolies
to which it might bo transferred by these
same delegates Of the people, suborned, and
bribed, to turn over to their tender mercies
the people as the lamb is committed 10 the
wolf?
l, myself, have no difficulty in answering
this question. l say, promptly, and without
hesitation, commit to Congress" the Ian.
guage Of the cOnstitutiOn-the power to .'coin
money aud regulate the value thereof" and,
neUer, permit Congress the right to hand over
this SO0ereiyn PO'0er Of money, to Bankers,
brokers, usurers, aud shaVers. If you do, all
responsibility is lost; and, you and vour
dearest interest are committed to wolves and
tigers, aud vampires: For what else arc
Bankers, brokers, usurers, and shavers?
If you leave the whole matter of issuing
aud furnishing money to Congress, and where
the constitution has placed it, you have a re-
spOnsible body TO you, to issue enough for the
purposes Of the business, exchange, aud trade
Of the country: On tho other hand, if YOU
permit Congress TO delegate this s0vereiyn
p0'rer to mOnOpOlizing corporations, and to
Bankers, brokers, usurers, and shavers, you
are bound hand and foot and, are at the
mercy-as you arc nOW-Of 4 pack Of viii
laiDOus, pluDdering, VOrAciOus, irresponsible
knaVcs aud scOuudrels.
You sec, then, that my opinion Is that Con.
gress should furnish all the money that il
necessary TO the exchanges Of the country,
aud that this duty should not be committed
or delegated to corporations aud monopolies
You see too the reason that. in the one case,
you have responsibility, and, in the other,
none.
This, then, brings me up to Kellog's plan
for furnishing \ currency to exchange our
products; aud which was published in past
number Ofthe Spirit. According to his plan,
the government should issue aud loan, on pro-
ductive real estate, whatever amount Of money
Is necessary to the wants aud business of the
country. This amount can be lust as we'll
ascertaiued aud understood, - = cIod hopper
can tell what quantity of grease aud tar will
Iubrlcate wagon. II is perfectly understood,
in England aud France, that, in England
about Thirty dollars to the population, and in
France about EtceHIy-SereH, is = sum sufficient
for their exchanges aud business. In our
country, as il is so much larger, think it has
been Hgreed that We would require about forty
dollars to the population.
Let, then, the Government Of the U. S.
issue forty dollars to the head Of our popula-
tiOn; assuming the population At forty millions;
and b. ,
and, We should have money enough of the peo.
pie to do the business of the country, as before
explained in former articles aud. at one and
one tenth per ceRt.-ceTtaiGly not over EtrO per
cent, instead Of being compelled 70 pay 20
these vIliaInous. vOracious, Internal iniGuitOus
nOnOpOlies, by law, in this State ten Der cent:
and. in eHect-by being compelled 70 pay the
HelIs brood that wait on them, like the dogs
that issue from the cntraiIs Of Sin in Millions
Paradise lOst-frOm twenty to fifty and sixty
per cent. to pay their discounts and get their
renewals.
Here now, Mr.. Editor Of the Free Press.
are two systems OF paper eWrrency-for We
have nothing GW paper ROL9- one Of tie peo.
pie doing the exchanges Of me people for one
aud Que tenth Of per cent. out Of each dol
lar, aud, the other cystenI, that Of the Bankers.
brokers, usurers. and shaVers-in q word. of
the accursed aud untaxed, Bond. holders:
the former are only their vile and filthy spawn;
now speak out plainly, which Of the two do
you choose, the currency Of the people, or the
currency of the EHtGred, accused aud monop-
olizing Bond. holders?
These are the questions, and thero is no
lodging between them: Shall the people be
compelled to pay to nIOHopOlies for the use of
their OeH credit GEd capital ten per cent. by
LaC, and an Unlimited per cent, ranging from
khiFfv IN EivRv anai1a0 la Iii III. 1