Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1872-01-16

vert the word to an universal sepulchre aud
there eiroaibsall the energies of man But.
WIN ever ac knowletge ges--s hns was ever cun.
victed--tflth1s c',rniumusyiee IL wrapss it,
self III, its own cnbweb excuses .slt ea,eth5
and wipeth its mouth and saith, have done
np wiekedness. Usury cannut exis, without.
covetnusness.
4. Usury stimulates to hazarious specula.
ton; To insecure investments. 1t leads. also.
to arrangement of business aud the evil, of
bankruptcy. When men engage q, pay more
Interest nr rent than sles,itimate business will
justify, they riiust draw It from their cspit.t.
aud ultimately ial 1t many do this. a panic
en>ues; nne failure often makes many. I'm.
der the cred system the victims of snsury
may stand tor tine; but the equilibrium
must be restored, and before general pros,
sperity eau he art lined, millons may be sunk
in bankruptcy. . Witness TIL. revuisiop ins
lSl7, '27. 81. H, 81, aud 81. from the last
OF which we are MT yet fully recovered -
Such must be the result again f.usury cons
tinues It's just as certain as that water win
6pd its level. We come now to
THE REMEDY
AS we have drited int. the whirlpool Of
Hsury oy initiating the monetary system of the
desp"ts of nonarch,al Europe, we can only
cratic system the money of the people We
need currency that is cheap. safe convenient,
rei,abe, unfuctuat ny. and measure of value
In all Gases. 1t is the constitutional duty of
Congress to provide money and regulate its
value 1t can no more lawfully delegate its
power to make n"pey than delegate its
p"wer to hx he lengti.uf yard>,ick Con
gress has the und"uhtei right t, coin money
(that Is, TO st.mp legal value upon it) of
piatina, nj ."lC, of silver. copper, nickIe.
parchment, ar paper; ar "a com bInat on of two
or more 'ot them. All bnt tie last have a
commercial value. which is constantly fuc>
tuatIng. Congress then should issue sufficient
fr tue ent:re demands OF business paper
money (no' promises t. pay money! but real
money, stamped and declared t, be the money
OF the Marion; legal tcIder inr all debts OF
every description, public ani private If a
surplus happen to occur, vt should be con.
vertbie into National bonds bearing not
over percent. in,ere,t, winch should again
he convertible into currency on demand-
Such money would he he ter than gnld equal
ly safe, aud more cnvehient 1t buys every-
thing Tor sale, uttil- all contracts Tor money.
Ii Is cheap, safe, untuctuat,ug 1t cannrt be
dIscredited it is s"ud everywhere-al,ke in
Name aud Mexico. in New York aud Cali
iorna. With this currency. revuIslnns must
cease, and panics be forever unknown.
The next thing t. be dnne To destroy usury
Is, to cal! III all the ''pr"mses t. pay now
circulating as money. aud prohibit their future
issue; c""fn'ng banking, which should be
free to all, 10 lis Legitimate 81 here of discount
aud deposit, with government currency alone.
whether "t coin or paper. Instead of. ynv-
ernmen, furnishin. a less corporat on with
money withoI cast wt,erewith to raise and
depfess values by expanSIehS aud contractious
aud ext"rt from the people 10. II. Is or more
per cent. Congress sh"u d supply all alike,
furnish un'i"ubcd security, with Natinnai
Currency /; the profits would ten accrue t,
the Government, and save SO much to the
people.
We have now briefly * tched the nature,
influence and remedy "t usury. These are
NOT all original ideas. They have been more
or less hrinre the nation. But usurers have
turned deaf ear aud bankers aud brokers
have combined I" mnn"pnise the government
OF the Nati'n II, the u>c 1T soph str, threats
scare crows, parry >pIrit .brines aud ices they
have been silently str.ny, hcning the cord. nr
despofism and riveiiny The chains ut munup-
oy, which must be broken
PARr PAYMENr OF AN OLD CL.1M.-Mr
james Neeson. counsel for the st tie in the
matter nf the 81 i'm against the trfi,nct firm
"t S.i'ien, " ther> 4 Co, iat. bankers aud
tr k rs OF Wa,hIugt III cry, has jn.t rec ,verd
aud 'nrned over to the proper fiji -ers in acS
c"rdance with law. the sum of $4,000. he.
ing the rr"p"rtlon cunning 10 US OF the assets
OF the firm, just realized. i he st t.. will
pr,t'ahiy rrc"ver great deal mure from this
claim Many years age, Selden Withers L.
Co acted as the agents nt Virginia in the
sale OF some internal Improvement bonds. and
while :" acting became insolvent and debtors
t. the State t, large amount The sum
nentinned above will at once be converted
into Virginia bonds which. acording to the
provisions "f the funding act, are to be placed
to the credit OF the sinking fund
[R"hm"m" Enquirer.
BuFFALoFs IN Tue GREAT SruRM.-A
correspondent writing of the late terrible snow
It rm along the line of the Pacific railroad
SANS: The train was caught in bank-,t
could neither back yn ahead The wires
were tapped aud dispatches sent t., different
quarters tor men aud >h"vels. While the
train was waiting the hnialoe- gathered from
the plains tn tn. lee side for shelter fauy
one felt disposed he might FROM his seat in
the Car, pop them over with his revolver
the rest would MT m"ve--they c"nld uot be
driven away by engine whistling or human
voice, but crowded their shaggy sides close
up To the and there stood with bowed
heads for the storm t" pass. Many were seen
to fall down in their tracks. dead fr M cold,
and when at last the train was dug out aud
moved off, the track was lined with these
huge, shnygS, frozen carcasses We think
robe luxury in winter-sn it is. Imagine
the severity of the weather when the animal
who furnishes the robe freezes to death under
his III tural protection
AT a negro celebration lately an Trishman
stood listenin. t. the colored speaker expatia-