Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1871-09-05

!
erty alone. The fact that labor gets IittIe or
| nothing OF this increase Is shown by the evi-
denee addueed by Commissioner Wells. the
New York EoeRing Post, and other reliable
Republican authorities. that laborers generally
dress and fare more poorly now than before
the war. Therefore, it is hardly to be pre-
eumed that they lay up a surplus. lam veil
aware that much of the tWenty. four billions
OF property yields larger interest than two
per cent. but that is eOunterbalanced By
other large properties yielding nothing. or
being consumed by interest. To sum up, it
Is not far wrong to say that the interest Weld.
ing Investments, held generally by non pro-
duceTs, gets, under our present money system.
eight per cent. interest, annually, out of the
aggregate nett increase other property about
f'cO per cent. labor, which creates ali the in.
| crease, nothing
In this quotation from Gen. Ewing's speech,
fortified by Wells report, .. No. 10, all NAV
see the dealings of the credits with cam.
tai, to wit labor and the productions of labor.
towit,prOperty! They will see that seren billions
| Of credits the mere convenience agent, aud ser.
want, and ''grease and tar" of capital, out of
thirty one billions, constituting the whole estate
licks up the whole income of one billion,
eight per cent. amounting to fre hundred aud
s'I.y millions Of dollars, whilst there is left
ySN' OafftuNS " property tArfMnGN1
gold and Siicer, only IouT hundred and tJrty
millions of dollars at t,ro per cent. and. IeaT.
ing the labor of the Countrywide white labor
no more than the negro got-his victuals
and clothes and, scant at that; for Wells
aud the papers agree that the white man is
worse fed and clothed than he was before the
war!
| How does this condition of things come
about IL comes about, from giving to the
"Bondholders, Bankers, and parvenues of the
wal" the privilege of furnishing the curreu-
| cy, or money of the country. at 10 per cent.
when the people through tho government
could furnish better currency for per cent
1t comes abont by paying nine per cent. on
sixteen hundred Drilti1"s of fve>tWenty bonds.
amountin g to hHEdreR and T1rIs fire
millions annually, a bur,hen greater than the
whole annual debt burthen of Great Britain
| on debt of foWr MOWS0Rd D,iHfonsi
1t comes about by contracting the currency.
OF money OF the country, from one Aonsand
millions during the war, which would he
forty d0btars to the head of the population. to
'tlccnty-eiyht dollars" to the head tho nopu.
!ation. when at the close of the war it was ex-
tended to population of thirty.six millions
OF people, and, now, when the currency. or
money oi the people, has been reduced by con.
traction, to sece" hWM,ired millions, at the de-
mand OF the "bondhOldcrs. Bankers, and parye
nues oft war;" the currency or money Of the
people is at the rate only. of 'serenteen dol,
ta'S an" t!}ty cents" per capita of the pOpula-
ton
Who is so dull as not to see that this Ly;L,y
legislation in favor of the "boldholder.
Banker, and pnrvenue OF the war" is against
the labor and property Of the country. against
the masses, and against free Republican Gov
ernment?
What! .Seren billions of credits licking
up eight per cent. amounting To fire hundred
and siEiy millions OF the one billion of nation.
al income, when only Iomr HWn,Ered and JorIv
millions are left to be shared by t,repiy- Tgur
O'h'ons 3t property and the whole labor of
the country which earned TIE frioLe billion
the t'ee"iy:to"r billions of properly getting
only two per cent. or Iour hundred anG forty
millions Of the billions If income while the
labor that produced the Icholc Jillion gets
nothing but viciuals and clOthes-the wages
of the slave. what are they, in Gods name
but white slaves? ? | can see no difference
but that they cannot be sold under the ham,
mer II this system Of usury, aud concen.
tTatIng the Thole credits Of the country into
lew hands, is not changed, the fate Of labor
IN this country is to sink into the abiect pau
PerIsm of Europe aud to be subdued aud kent
under by the bayonet, as i. is.
To avoid this fate, the democratic party of
Ohio has adopted the principles of the labor
union party all along advocated in these ar
Iiclcs
That party proposes departure in finance.
or the money system, which will promptly re.
Neve the country of its present heavy burthen
OF taxation, restore confidence among the peo.
! pie, give to business and trade, now almost
stone dead, and give employment to the me-
ehanie aud labor at living prices In the
language of Mr.. Ewing:
hey propose that the general government
/ shall furnish all the money Of the pople in
an issue which shall be legal tender equally
with coin for all public and private debts
whatsoever, except where the contract ex>
pressly calls for specie, and with it redeem tie
/ $50 bonds, and to prevent an undue expan.
sion of the currency, issue three per cent
/ bond which shall be ezchangeable at par for Ie
| gal tenders at any time and into which legal
tenders may, at the option of the holders, at
any time be converted"
In future articles will point out the whole.
some effects to flow from this policy in lieu Of
the present iuiquitous aud swinding system
which. is daily PluDdering and ro6bing tie
many for the benefi; of the few the toiiers
for the benefit of the Idlers. OBsERyER.
Summit Point, August 90, 1871.
The MAH-WOMAN.-The efFeminase man
is a weak poultice. lie is cross between
table-beer and ginger pop, with the cork Ief.
out. y fresh water mermaid found in a co,,.
pasture, With her hands Elled with dandeliops
lie Is teacuP full Of sylIabub; kitten in
trousers; a sick monkey. with blonde mus
Naohn =