Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1872-11-26
Spirit Of seffersol1.
Gharlestown, Jefrerson county. west Ya.
TUESDAY MORNING, NOVEMBER 2e, 1872.
LFor the Spirit of jefferson. i
THE BARGAIN ALL ON ONE SIDE!

It is said that il 'stakes two to make bar
gain, but if you will read the following ex-
tract from the Baltimore Gazette, you will
find that as between the cities and the coun>
try, the cities have it all their own way. and
cheat and defraud the, country to boundless
and intolerable extent:
BUSINESS MEN AND BoUTwELL's Po11.
oY.-I'hiladelpAia, Oct. 21.-A meeting of
business men of Philadelphia was held at the
commercial exchange, to>day, to discuss the
proposed reissuauce of SID 100000 in legal
tenders. The only business. done was the
submission of resolutions by5Mr. George Fox
to the effect that the business men of this city
would endorse the continuance of Secretary
Boutwell's former policy, viz: the purchase
OF bonds from time to time to relieve the mo-
ney market. The resolutions were referred
to committee. The next meeting will be at
the call of the chairman Of the committee on
resolutions"
Now who are the "bustness men" of Phil~
adelphia, and who are the mon ,oih ,yAon,
they do business; that the aUhoIe adjustment
of the ''wavering scale" is to be left entirely
with the cuisines men of Philadelphia :" or
any other city, to fix the whole afFar-the wa
vering scale'-their own way, and to suit
themselves? The s'business men" of Phila.
delphia, and of other cities too, are its banks
ers, merchants, and buyers generally: And
the men 1oiM aohon, they do their business
are the farmers, and planters, aud grazers.
and other producers of the country, who fur
nlsh not only its staples, wheat, tobacco, and
cotton, but all the cattle, and hogs, aud horses,
and all the raw materials that are necessary
to their manufacture, and trade, and ye,v &c.
'Sfcmce. Surely tho latter are business men,
too oh u L
JustrDg the c"rrcncy-'Fthe waverinr scale"
by which all this vast amount of business
Is to be done, and all these immense amounts
OF products to be guaged, aud measured, and
scaled so that the ''business men of PhiIa>
delphia, or other cities, may not have it all
their own way and thus have it in their
power to cheat, rob, and plumber the coun>
try; as, IN fact, they do; and could not build
up such enormous cities unless they did,
The people OF the country bargaincd aud stip-
ulated, III their fundamental law-the Con-
stitution Of the United States-that the cur-
rency should be instituted, and regulated bv
their common agent, the Congress of the Uni.
ted States, and not by the oue>sidcd boards
OF all the cities put together: Hear the bar
gain: Congress shall coin money and regu.
late the value thereof! Bur not so: saws
hlr. George Fox, and his Philadelphia board
ot tradc-the "buslness men, lnrsooth .Wc
cant consent to it it is against our interest ::
the only Thin" wc-tho business men, Of
lhlia"cipha will agree to, rs, TO '.nnlorse the
co"fi""0"ce of Secretary Boutwcli'S formcr
poti'Y, viz (: the purchase Of bonds from time
t" time t" relieve the money market" Aud
what. pray, has been the effect Of Secretary
BnutweIPs "tormer policy?" Whv to en-
rich, nay to blOat, these insolent, sanctimo>
nious. Picknitlian scoundrels, by purchasing
Me'" bands; and from s'time to time" to suit
their magistcrial convenience; at enormous
O0"mfi"S and prcmiMn,s which, at the same
momcut, are dircct roLLcucs Of tho public
treasury, and have shaken aud paralyzed all
ITS productlon, agriculture, manufactures. and
commerce, and turned out to idlcness, yaga-
h0ndiSm, poverty and crime thousands of able
bodied working men, mechanics, and nrti.
zans, from want uf employment; and all di,
rcctly from the absence OF n sufficient curren,
cy or money, and which the government was,
by the constitution, expressly cnjoined to fur.
Dish and t" regulate
Oh no! Gentlemen of tho boards of trade.
and Cuisines men" of Phiadelphia-avc,
and OF other cities too-we cannot trust you
with the sole management of the currency
aud ''e.rchuRyc' of the entire country 1t is
OF too delicate nature to be managed bv
bankers, brokers, shavers, and merchants.
and "busncss men" all on one side of the
lever. The Congress of the United States,
aud its government, including the judiciary,
uncorruptcd, and unbrbed by your lobbyists
aud their gifts and douceurs, will be a much
moro impartial agent for the institution of the
currency and its management both as to 9uan>
hty and QudHty than you can possibly be, in
terested ns You are, and altogether on one
side! Old John Taylor of Caroline, the mod-
cru 'Fsou of Sirac," admonishes us not to trust
You in this matter of currency, in which oth>
ers arc concerned we'll and as much rs YOU
are He tells US, if we do so, you can get all
the staples OF the country, and which all
concerned in aud have an interest, (for it is,
at last, II common fund.- from which all our
people must be fed, day laborer, mechanic,
and all other people y and at your o,rm price,
and that it will enable you at the same time
your very class of men technical business
men )" bankers, brokers' merchants, aud buy
ers, who all have special fancy for presiding
over the currency-the scales and balances
OF everything. Hear him:
'But banking, besides its dividends. ros>
scsses power of causing the gU0nIity, and of
course the UU(Hc of currency TO fuctuate, bv
which it may tmp0Ce"i$h and e"ri,h, or tar
and 311tr0ni@e, to 4 vast anOunt beyond its
dividends; of this the nation can get no ac-
count. 1t is power equivalent to incessant
deliberations and publications of specie, by
au absolute monarch. Coin adulterated, or
paper multiplied buys less. Coin purified, or
paper diminished, buys more. It would be
dangerous for the strongest dcspotism to gather
wealth, by causing gold to fuctuatc, between
twelve and twenty four carats, several times
year Ii this despotisni merchant, it
could by such power, bmy aud sell the COM
moditics of its subjects at what gain it pleased
The carat Cor valuc) of paper money, fuc>
tuates with its qonmtity, and this fiuctuation
is at all times within the po'cer of banking,
and frequently produced. Being capable of
greater repetition, it can enrich and impover-