Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1872-09-03

pealer to the people, or aspirant to a Clique of
political jobbers aud manipulators yclept con-
venrion S.s9Hs.s' ta7'5'a= - 5ss..ss.s Il
Mr.. Faulkner, Mr.. Lucas, and Mr.. Martin.
are candidates for the nomination ,by the Con.
vention to meet on the 9Th of September and
Mr. Boteler is an Independent candidate d
desire, asyone of the people, to learn of each
of these gentlemen, whether, he favors, and
will support and vote for, if elected. to Com
gress, the ",ae,o monetary system above an.
nouncedi; or.sis in favor of the old specie
basis system-equa1y Endorsed by Grant and
Greeley in their respective platforms7
| heard, at the late Grafton Convention.
both Messrs. Faulkner and Lucas ~ Neither
touched, in their remarks on United States
politics Il wont say nattonal) on The currency:
want them in their answers, now. not opIv
to touch it, but to speak out plainly, boldly.
and honestly to the people, so much con>
cerned; whether, they are in favor oc the old
hard money currency, advocated by Nc.
Culioch and after him by Boutwell; with
such disasters to the industry aud commerce
OF the country; or whether they, and each
one OF them, is in favor of the .snew mone>
tary system : in word, in favor of the
money OF the people, based on all their prop,
city and productions and industry, including
gold and silver; or, in favor of the money of
rings and Bankers, based on, simply, one pro.
duct of labor they can easily eneross. and the
notes OF their dealers, based on their property
aud that of;their endorsers -. =
desire that these gentlemen shall answer.
as to these two systems of currency, distinctly
and emphatically; as it must be manifest to
every thinker, that the question of currency
is paramount to all others, both in the PRESS
HnTf1 10 aynI
all other questions, simply. give to candidates
Margin verge. and room, to play and election,
Ger between the money posecr aud the people
for their influence and votes while this SIM pie
question (which currency do you 90 for 2"
compells each candidate to choose between the
rings and the people, and to avow, manful,v.
which interest he espouses, that of Banks, and
railroads. and monopolies, or that of the ,,eop1e,
AS az independent candidate I 90. heart
and soul, for the new monetary system"
above announced and will endeavor to noint
out the past effects Of the old, or specie basis
system, and also the effects that will follow
the ''new monetary system"
L announce, then, that the effect of the old
or specie bosis-hard money system, has been.
IN all ages, to concentrate the earnings and
wealth created by the many (the n,usses) into
the hands Of The .f",c. This broad fact stands
out distinct, as mountain. in the history of
ages; and, in our country (our' boosted free
country per cent. of the people or t.ro
millions own all the wealth or property that
forty millions have made and Mirtv-e;yht
millions live from hand to mouth or are
1aborers and producers of all property and
wealth, while they have reo1izcd aud o,cu
none This paIp"1!y iniquitous result, l
charge on the harti Nancy currency supported
ny both Grant and Greeley, and their fol-
lowers, in the interests of Bankers and mo-
nopolists. and directly opposed to the interests
OF all the producers and creators of wealth
whether day laborers, mechanics. farmers
manufacturers. or merchants. Gold and sill.
yer, or specie. is only and merely one of the
productions of labor: TO make it the only
thing receivable for debts and taxes. in a
word Nancy, and, then, not to 'srcgulate it's
value, as injoined by the Constitution of the
United States,--i&, to give to it. me amin of
the productions of lahor--the control abs oipte
of all the other productions of labor and the
iahorers too; and TO make it the supreme tv-
rant ct those ahorcrs and all their nrodur>
tions! Only think ! the specie of the conn
try has never exceeded 800 millions: and is
now. not over FOG millions and vet this in
significant sum, compared to 81 thousand
mlilons OF other pr0Heity, is made tn domi.
nate over all this other vast amount of prop
erty and It's creators and producers and,
when, htree me" IN the country. to- wit Van.
derblit. astor, and Stewart. could easily en-
gross the whole amount, and thus hold at
their mercy. by contraction and expansion. all
this vast amount of property. and all it's ere
ators, to-wit: 40 millions Of people Can it
be wonder that t,co millions of the reonle
and arc laborers, white slaves, AFFECTS. and
paupers? The "big fish swallow up the
smaller )" and these three Leviathans while
they make thousands of millions off the peo>
pie, leave to the. shaving Pettfogyers. and
nsurers, to CLEAN up the remnants 1.-THE hun>
drcds and the thousands} while the people be.
tween the upper and the neither milestone of
the two (the Leviathans and the sharks) are
ground to powder, and reduced to poverty and
Ignorance, and crime All this results from
the old htrd money system of finance
And, now, for the new monetary system"
as stated above:
lst. 1t would be carried into effect and
practice, by issuing as much money by the
government as the business of the country. or
its exchanges, requires. What the amount to he
issued, would and ought to be, can be easily
determined. Political economists (apd amono
them Jpo. G. Calhoun affirm that one>thir-
teeth OF the whole amount of property. in any
given country, would be the measure of its
currency. Great Britain has currency of
% dollars to the head of its population. and
France 80 dollars. In our more extended and
constantly growing country, it is estimated
that about 40 dollars to the head of our popu-
lation, or sirtccn hundred millions would be
the proper amount.
I'd. The,money, so issued. would be brought
into circulation by paying off the bond holders
unless they would consent to take new bonds
at per cent: Thus relieving the country of
interest altogether, or reducing it to per
cent at the option of the bond holder, if he
preferred convertible bond at such rate