Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1873-06-10
Spirit Of Jeflcrsolr.
cbarlestoWn, Jefferson County, West Va.
!. TUESDAY MORNING, JUNE 10, 1913.
rFor the Spirit of Jefferson.
WHAT is MONEY 2.

Having demonstrated, in my last article.
that money is public credit. and that the pubs
lie have common and joint property in it,
so far as to see that all shall have the equal
use of it, and for the purpose of exchanging
their labor or the products of their labor !:
aud that none shall use it for any other pur-
pose /; L will now proceed to show that if it is
suffered to be used for any other purpose
to-wit. as thing for sale and merchandise as
well as exchange-that then, as only one
man in hundred, or a. Thousand or ten thou
sand is, or can be, placed in situation to
make the d0Wble uSe of itstu-wit. the i11e-
9ifineGte and dishonest as we'll as the lcoiti.
mate and hOnest-thc result must be-as the
case is now in the world-that one in an hun
drcd, or n thousand, or ten thousand. will
acquire and possess-I will not say opn. for
he has no honest right to it-all the earnings
of his fellows and, by this unfair, i!lcgiti>
mate, double fste0 use, or rather abuse and
usurY-foui, Jtfhy usury-of common prop
srty and instrument, created by all for an
homes: and benefcent purpose.
Before, however, [ proceed to hold up the
example, by which, I think, this abuse of
money, or P"6'ic credit can be made mani
fest to the naked eye, L will submit. COM
parison between public credit or money-for
they are, insist, convertible terms-and the
atmosphere we all must breathe which T
think. will be admitted to be Just and in point.
will say. then, in making the omparison
between the atmosphere and public credit or
money that just as God created the atmos>
pbere for the common use of all, 30 man,
made in His own image. created uuz7;c crc3,
~, or money, as common atmosphere for the
exchanges and trade of all; and, for ex-
changes and trade s07eIy and for no othcr pur>
pose and that it ia inst as monstrous to form
rings. and monopolies. and cornoratiops in
the common otD1osphere of nublic cradit and
to tax at pleasure all who mnst rso i .nd
formed and created it for common use as il
would he, If the thing were rossib,e. to usurn
and take possession of the air given hv Cod
for the use of all and to CHARGE tho common
owners for breat1iM1, and to mako usuriious
profit oft
With this illustration of 7,u71ic cre,7t-or
money, and. promising the we'll ascor,,ined
fact, from Wells report TO Congress, that tho
net i"crcoSc. of nN Mc labor of the land, to-
wit, of tha agricultural, manufacturing, and
mercantile is only 81 rcr cent rcr nrrum :;
and that the agricultural Ivy itself. is only 9
per ceut. per onnum on the avcra"a-I will
now proceed to give the ccGa7pRe of the ef-
feet Of II High or a 12,n rate of intercst-of
cheap money. or p~',lic crcr7jt, fairly and le-
ultimately used. or dear money unf.irly and
rlceitima:cly used -,chich ra.~n,,71c. I say
and cirai!eng" and defy contradiction to the
contrary-will show tn the nnZ.c1 cyc that
where one, in ono A"ndrc1, or one in tAow-
sand, or ore in tN" Mous0md md SO on to
infnity, is beneftted-(hy a hiyA rate of in
terest, aud dear money-to. wit, the hEth an-
tcrest and 9cnr moncy furnished by rings and
c0rporofjo"s, in opposition to the chcnp im-
tcrcst and cheap money that would be tur>
nished hv the government. if tho government
OF the United States, as inioined Ivy the con-
stitution of the United States. would ,'scoin
Cor stamp money and rcg"'ttc The ga7me
Mereof'') that in each case, of the one hum
7t"l, or the MowSand, or the ten Movsrnd-
and so on to infnity-while one is benefited
a''""ty>nine in the hundred. and nine A~p9yc2
and ni"rtY>nj"e in the thonsand, and nine
thousand ni"e Aun,1rcd and niDcty>ninc in ten
thousand, are Injured, robbed, imnovcrish ed
and, unjustly and feloniousiy plunlered
This is my Undertaking aud pronositiop.
and [ shall take the case of onc. "in The INN.
t3rc9," benefited by the l;yL rate of cr.
cliangc-(or by public credit or money used
in tho double character of money and aner,
chaadise)-to illustrate all tho other cases
up to infnity; and from the petty shavers of
village and its petty shaving shops, up to
the millionare Sbylocks and mammoth cor
porations that-usnrping the atmosphere of
trade. as they would tho atmosphere of res
piration, if they could-are sitting as un-
der an exhausted receiver frog is expert
mented on-the entire producing Interests of
the country; while they have already, sue
eeeded' by their infamous abuse and usurpa>
ton of the 'l'"bfic credit" in concentrating
into the hands of about t'oo millions of our
popuiatlon the wealth and earnings of .1orty
mtmt0"s; !; and, thus, leaving thirty eiyht
m'1'o"s destitute OF their earnings, and pau
pcrs Aye, the arlstocracy of 1noney-as
represented, eonJointIy, by Banks and Rail-
rosds-haV'ng stripped the people OF all their
earnings; and again. of their God>given
heritage OF the Pndhc lands: is, now, en-