Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1872-06-25
Spirit Of Asttsrsoll.
.GharlestoWn, sforson County, West Va.
TUESDAY MORNING. Jun as, is52.=s=
.sss tFor+ss the Spirit Of Jefferson
THE TRUE AMERICAN NONE
TARY SYSTEM, 80,

The TRUE AMERICAN NONE
TARY SYSTEM. 81 49,.
aBefore presenting the remedy for existing
evils, it becomes proper that we should state
clearly views of the present situation, aud
the time proposed to prepare the way for the
Introduction of the remedial measure contem,
plated.
"We have, for the preservation of the gov
ernment and the protection of the common
interest, contracted an enormous national debt.
Our government being instituted not to confer
artificial rights or exclusive privileges on any
class, but to protect all in their natural rights,
the burden of this debt should be so managed
as to bear equally on all classes and interests
But as our monetary and revenue laws are now
framed and administered capital is not only
exempted from all the burdens created by the
war; but is largely benefited by the national
calamity The Injustice of this is manifest
'sWhie we are in favor of keeping the ut
most good faith with all parties-th the tax payers
as we'll as the holders of the government
securities-we enter our earnest protest against
any departure from the original contract by
funding the public debt in long bonds, or in
any way increasing the gold paying and nom
taxed obligations of the government. We
are in favor of discharging that portion of the
debt heretofore contracted, which is by the
law authorizing its creation made payable in
gold, in that commodity, aud of liquidatingie it
at the earliest practical moment; but we in
sist that all other forms of indebtedness, in
Guiding the fve>twentyi bonds, shall be paid
at the earliest option of the Government in
the legal tender paper currency or lawful
money of the government that the bank
currency and the present legal tenders (green-
backs) shall be Withdrawn from circulation,
and there shall be issued in lien thereof, as
the exclusive circulating medium of the na
ton. paper currency md9e a legal lender IN
the payment Of all debts, public and 1,rirate
duties on imports Included, and decinred The
ta'cf" money V the United States, and con-
vertibie at the pleasure Of the holder info gop
ernn,ent bonds. bearing on interest of three
per cent. per dnnnnr, payable in lamfM money
The bands to be EkeDise convertible into Ats
la,cfn1 money at the option of the holder
sThis system is adanted tn the theory of our
institu,ions-sovereignty in tho peopie-and
in harmony with the letter and sniri. of onr
organic law. It will furnish n circulating
medium nossessjno uniform v.lua md viii
perform all the functions Of money. coey.eu.
sive with the jurisdiction of the law. better
than gold, because more convenient. it will
be selfadiusting. aud furnish currencv with
the necessary fiexjb;litv II npst he ay;dent
that under this system the cnrrorcv o.n neoor
be so contracted as to nrodroo nm. .ra
never so exnandoa as tn causa 1e,,rer;,,:,,
7, will he ins, in ,ts heorings On ri o,aasos -,
interests s;mnle in ito ,-6rL;n,, "a as., =.
instituted and managed without tho aid .or
Ro,k..s am, 6,,a,,.;:ass D.: ~ "
direct control y, tho neo,,,a. .h.n III, H.
ahI.d to nrevent tho hi.b and a,o,,o,;nt, .o,a.
coutrocfiops of the cnrrenor -,;a,, - gu"
the monetary cr;s.s and oon,,naro;.I aa.','1
sions which have heretof,re % fraona,,I,,
nrostrated all 1o,;,;,,.. o,.or,.;., ~ .s.
ductiye industry. dcra,ood oo,,n,aroa ln-,a.aa
the standard of commercial ;n,.or;,u .s
made us little less than +, not;on og c.nhto.s
1t will likewise enable us to effect the eopit.
able distribution of the products of industry
and enterprise between capital and labnr fins
removing the necessity for the cxcessive toll
which is now over-taxing the mental enery;es
and physical mowers of the nrod,c;,, olo.sos
aud afford them the time and means reouis;+a
for social epiOvment. intelI.c,ual cnlt,rs .nd
moral improvement
cts effect in a nhilanthro,;c mint &c ,;.
would be equally beneficial Pr.;ewor,h, 90
are the efforts of the henevolant ;nd;,;5,,.Is
and societies for the relief of tho Ses,;,,,.o IL
suffering and the imnroyement of tho oonJ;.
ton of society, thev can a, best afford but
partial relief and effect but temporary inn.
provement These evils are too general and
Widespread to be removed nv individual or
local society efforts Justice to labor will do
more to relieve the destitute. prevent crime
and pauperism, enlishten and elevate ,he
masses, and improve the public morals, than
all the Temperance and other benevolent in
stitutiops aver ostohl;shod T. Ill ,:,.
confer greater benefits on the emsnc;na,ed
slave than all the freedman's bnreans and aid
societies ever Instituted, This snb;ect has
then paramount claims on, and should CON-
mand the careful attention of every trna NH.
lar+h,on;s. .,5 oh;.; Tf p