Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1872-11-26

specie oy. the furnace OF monarch but al~
though the banking adulteratious can do SO
much more work, yet we do not believe it be-
| cause we do not see the process; and only see
the effect in their amassing wealth with
rapidity aud duration, far beyond the adulte>
rations of coin in any mode hitherto discovered.
If king of England should call in forty
millions of specie, and pay it back in adult
Grated money, SO as to rob the nation of
twenty; that free>born people would probably
cut of his head; and the same wise born peo-
Pile, are quite contented to be robbed of large
sum annually, by the same principle"
TO illustrate the facility with which this
may be done with paper, in stock,iobbins
| way, better than with specie, in despotick
way Gas chemical process, in the moist and
dry way, can produce the same result) let us
suppose the managers of banking to be buyers
OF the staple of a country acheat for instance
When the crop comes in, the price will be
kept down, by appreciating or purifying paper
currency, by fessentn9 the quantity. Under
this influence, those who work the furnace.
buy. The loss, like the adultcration of specie.
falls upon ignorance and industry. It is
law of maximum, or for fixing prices, except
that an Interested party regulates them.'
Now, such is the admonition and reasoning
of old John Taylor, of Caroline, and whom |
have already called the modern ''son of Sirac:"
And, how well he agrees with the ancient
'sson of Sirac," aud to show that his wisdom is
backed up and supported by the experience
and wisdom of three thousand wears ago, I
will now produce the authority of tho ssson of
SIrac" of that date who, in speaking of
many interested persons very improper TO be
consulted, because OF their interest, negatives
conspicuously among them "a merchant con-
cerning exchange" and "buyer of selling :"
Lear him, Ecc. 37th chap, 10th and 11th vs.
10Th v. "Consult not with one that sus
pecteth thee; and hide thy counsel from such
as envy thee"
llth ''Neither consult with woman touch
ing her of whom she is jealous neither with
coward in matters of war j; nor lriN q 4Ncr.
chant conrcr"InI exchange; nor with a Juvpr
of ScH'"I nor with AN cnvious man of thank
fulness; nor with an uDmerciful man touch-
ing kindness nor with the slothfu for apy
work; nor with hireling for year of finish
ing work nor with an idle servant of much
business; harlem not Wnt0 these in an Y matter
of counsel"
Now, upon plain common sense principles,
as we'll as upon the above authorities, the
business men" of Philade phia, and all other
cities, must excuse me from trustin" the cur
Te"cy OF the country and it's exchanges to the
'mcrchaDts and buyers" or It's bankers and
quality. This would he not only to give them
the control over all the staples and produc>
tions of the country, but Of course over the
price of all it's lands aud labor and the more
especially when the country has over it pub.
lie and private debt of fully one third of its
estimated property, real and personal. Such
course, would enable the creditor class to
rob tho debtors TO any extent it pleased, if in
deed it did not buy up the lands for n song
and lnangurate the system OF tenantry in Eu-
rope. In this very county at the close OF the
war AMI when there was currency of one
M""S7n6 nIlt0"s of dollars the lands of the
henderson family wero refused at one hundred
and ten dollars an acre. The currency has
been "lcsscned" under Mr. Routwcll's "former
roicy" advocated by the ''business men, of
PHILADELPHIA, to S"rem hmn1,c1 millions, and
that line land sacrificed at about /oriY~t,co dol
lars per acre. What more or what worse
could have been don" by plain, outright con>
hscatlon 1t ls confiscation in disguise. and
1t Will 30 on until many are utterly beearred
all over the State, or three or four times as
much property renl and personal sacrificed TO
pay debts. unless the legislatures of the States
whose Solemn duty it is to see to the protec-
ton of the people, shall nterposc their au
th"rlty, and stop the whole process of sacrifice
until Congress performs its boundcn dnty and
furnishes q currency in which iuSticn can hn
done to both debtors and nroi1;,ons po.L
have rights. It is right and ms. that dehtnr
should pay their creditors; but Il is not ri~ht
or lust that thew should nav tbroo ~ fo,,r
times what they owe, when the currency has
been 'lessened" on the Boutwell, and 'busi-
ness men" policy, and TINS tho SCALE anJ
measure made fraudulent and false Tf .nv
bushels -, uhoat - "a III, ;!'""rr" measured
should ronor, ~ ,oo:'L, ' IL an" ''G m.'ier
would MI tba farnI"r ,rn" ""ny J'1n G"sNGSs' rs:
sca1e ? Is i m",tnr oF lo"s o"e" eA".lno ms
r ~ ;, .ho iln''l''nco 70