, 1873-12-18
CIRCULATION PEI CAPITA
in 1880, and every year from 1850 up to the present


any Of average intelligence tat for the last forty
circulating medium has been the true measure Of
But it il argued that crash hns alwnys followed ex-
Tlat is true, hut not becausa Of the expansion,
butt n every instance except tho present. 1t has been
because tie atnr called ino1ey was not mouoy, but
LYING PROMISES TO rAY MONEY;
because OF this chief Of oil financial faiacos, this
Doatl-Sea apple, called specie -rcdemption..
No ba1k u safo that pronacs IT, pay goll and slver
its promises whan 1t Is nost required, In tno Of
puuic.
no ananciul disturbance but what would naturally
street.
coutt Of 4 broken Galk. On the contrury, I hnse
shown Tint soon bank has tailed it's tills n4vo
tIeI tue prs,sn. m Il n,onoy-rriss and stringency9 "
10 my 1niu. it is us cear us tho noontay.sun. Dur
ing tho dnya of our unusual prosperity, tho busnoss
Of the country, aud with It thu med Ut money,
tllan doubled. Most Of the currency then III Gtrcua-
tion needeil for building up and CARRYING on uw
The ordinary channala. Of trade to these naw
enterprises; 80 TINT, for ordinary PURPOSES, We
1 % a M nss ~ to % sT s 4
Washington enlisted in thu insane folly Of eallong
case after thns old uck-olautovn that Ind Of
this ond system Of contraction was ndopted, the
banefnl effects Of which only beginning to DO fc
unlrsa tue policy IL speedily reversed.
Yet there uro luri enough, III and out, Of the Cab!
net aud Congress Ut WashinYou to continue this con
traction, although NIL history lroyes that
ira LEo1rIAATE FHyIra
will DO hghpriced money. ilnmcuso profits To capital
aud poverty aud wrcrhelness for the abozer aud poor
It has already brought such atr!ngcncy to crush
many wealthy firms, and u Will yct shuke the very
0overnmbnt TO its centre, II Il u persisted IN.
hyo years, sou, mud all who work for living, haye
beeu compelled to your utmost eneavors to gain
mere Subsistence, while mllionatres, like nush-
GVErFWbprG
tttous captal eau bo brought TO bear your labor.
ns ~ hase y pa ~ nEs
lounut noney, aud money used for manipulating
ubor md Its roducs-hAve enjoyed IN Income fully
OILY ablo to adl to the aggregate wealth Of the naton
about s,S per cent per annum.
s a y w y a en
subsistence and Of gaining wHtaver surplus wc can.
Tia capital iuvestcl aud this surplus our wealth.
carita anl tho mi reward Of labor.
Statistics show that creative labor has been ablo only
to produce net gain. on the general weu . Of tl's
on tic safe sile, tave placed II ut w per ccut,
Now, If thu capitalists of the country draw out of tht
LEAVE VERY LITTLE FOR TIE hMAnonER. M
turing. puts in $500, aud puts ii 500. Thoir
e! ss sss ssSs n IL II. s
tration represents the capitalists; and ia plain tt
ha r. H. t soorc1,ta tha inrgcst rnn;ni vi ia
@ @ - r ~ ,,s1rfv ri Ri ,scrmiann n fi,o hnni1 ~ ID
nt "n,i t1,n hainnre viii sonn lie II, his nn,v"r
E .i1 ] @ ~ 49, IN not o,'Iv tha a,rnirre ~ oro.
h @ h ~ eou Hi IT, s,sp NV oA'' ~Ae - '101t
| tr,.i. ~" - fmrarsn: ,vh.t han bccn ming mn I,
| il, I4'' :. f.se'eSSs .""n,. 1900 3Ne .,Sss.
dr"roes ~ o1eesB. Csmtal has beon con
~ thr rntpgs Of Tho co,,f,try an M ii counot ndt
q ~ ite NV, nrvreuta tIis oysrrft mua he naaI b.
| iahnr ~ ~s"e@'~o"' ~
~ ruk ONLY aE4EnE
IL more money! money must bo made so plenty "a Il
seek Investment at 1er cent per anuum, Thia vii
stimulate enterprlBeH stop money gambling, aud brln