, 1873-12-18

wllHievcr9
NC authorize him to con t,e muluy himself !; nn OK
ample Of gross injustice that no FREQ government can
am horo reminded that tho people must havo
money, mud that tho a1nalnt q sold mid silver IN tho
;ps ssey ssTn'if S ef ~, e9 oa At a
would afford no oxcuae for sueh gross injustice.
Wealth is power mud when honestly aeouulaod + is
praporiy dlreael. But government based on equal
rigIts can afford graously 10 gve to my citizen tho
equivalent fur. Therefore, no law
oAN JUSTLY AUTf1OnfxR
bank Of taaue by oun nonaber or association Of NOM
0eES nus t an toi tst ine bill. OF our National HANK.
s s Ssy W. oay e
fesa spea tas hss shtea fSs'1s1 nsoe s
sas es 10 H'1 '
' fast Of s ot hs Nsons' pana ,ns
III. oarisid, q DIG, in .pseol roeentiy delivered
II pt tut sse T. 70 stSpg yo g e s
il yonr pocket tiei, at.orly is!!s It aSn .fset
moment National BANK falls, Its bills go to pre-
Then, In Coda name, let every one of them "ta.
utterly full" and remain so Mr. Garfield hero lots
ssted s ID has bat a Naoaf ranks gavo no auo to he
notca beyond what they derived from tho security af-
fortcl by tho Government. ...
cal friends Of tlless banks. tlat sllolr biila '
ARE REALLY DETnEoArEp
10 long the hank intervenes uotwoe tho people and
In fact, there could have been no reasonable o1cuso
nlr an opportunity to gyo to favored fow $50 0V0-
0U drawn from tha labor Of tho country, aud to per-
nit them to a1 TINT sDo ye,r atss at yes
egul.toudcr United Staos notes could haye beon put
III circuatton and kept there, with the most heneaefa
t4s d not suit tho lcecAes, TINT DR. Awslr Huta!s-
onco from tho body polite. There would have been
pockets t4eu. And bolng III tho ascendant ln Con-
greea. 1t Was easy 10 palm Of this subterfugo on tho
IT, III ten Of iasuiug sss9, 100000 in National Dank
notes, tho United States Government bud issued tho
| samu amount Of legat-tonlsrs. aud with tl!en To-
| deemed o like amount Of Government hondH, tho
whoe could llRvc boan put Into circulation with
little or no exrenso and thg country would vt Least
$ls o0o por annu, by the operation. And now 1t
| il l,rol,ose,l to oxranl this
This system of banks Of isag, stnce 1880 aside from
bills of broken banks. has cost sto labor Of hs cona
Try than 50 or enough three times to
Hat chief among tue OWLS Of our aystsm Of finance
are tito laws directly and fndirectiy regulating
and specie-redemption Of currency. These laws are
hased IN prscelents derived from foudal tnes whFn
tod Of ' M va. s IN sf' w. T
whole tendency Of theae laws ia to urnR abouta return
this condition Of practical slavery Of tho masses, ad
ACKNOWLEDGMENT Of muneyed aristoctacy. Money,
Ike al other thugs for which 1t ia oschaugeabc,
shoud depend on supply aud demand for It's price I'm
tS5s' toa and duty of S good ut 10
SEQ to 1t TINT tue supply Of money h always
Ieop IT. rao Of interest prcc 70 low that labor can
employ 1t profably. All attempts to hx NJ nrbitrary
pr,te money are based OIL prejudice derived from
nlonarchy, nnl o. unwiRe in this country ~ 1t
would be 10 tx by law The price Of bu.hel Of corn.
All such laws disgrace to our civilization, unl
ought to bo sun,narily eapunged from our statute
Dut ts argued that tho supply Of money cannot DO
bS hs sy o soue saRs sPp o. ss
by what authority is gold md silver mado money?
Clearly, by none other than tue laws Of the peoples
| UBINo THEN AZ Ruon.
Tho 1a1ne authority could have nlale tho dollar to
consist Of twice ueh gold silver entirely Of
TIM iron lend Or papar II 1t bud been the Will u the
No one has ever given a sensible reason for making
arplry copon q hs aesrey or abaanee Of
any metal. To plead hat is would DO reasonable In
1a 6l a yf syef
tho only standards Of value IL nfourdad Aud un-
reasonable.
| The amount Of gold and silver which ia ro-
quirel by Inv to make d dollar is not Of
lawful silver aoliar 10 not worth Is much III the
market as lawful gold dollar. by arbitrary law II Ia
endowed VII WITH M The bower to Pay rs nnoh lsot gn Tue
gold is tue Standard silver being below the gold par,
| IL not tho standard and vice versa.
The flct that these mstaA were not recognized by
law MONEY they would bs 10 more a neals Ut com-
purpg valuts than lead. 1rou Or Wleat. Ih1retore,
Ill aystenB uf finance baaed on spscie-redelnpdon, Or
| any other redemption, hre ~
i rnlyoLous AND ILLOGICAL
| 40 II based on redemption Ill erAsiye soap.
In proof Of this 1t s only necessary for mo to state
tint tho amount Of each Of these metals which Ia ro-
quired to make dollar liz not the same tn all coun-
tres, that being fixed BY arbitrary law III each.
If It wore possible to~tay to lenonotlzu gold aud
silver 1t woui chaugo tho!s value III tho market only
far 1t eBasnad the demand for them ~ bulllon
II tho supply Of money IL to bo fixed by such IN
arbitrary fact as tho scarcity or abuudance Of what
arc ca!cu tue precious etas what woo ~ lhe cons-
tion OF tho aaVocates OF hls loSicn gon snoalo ne
discovered IN aocA abundance al 10 lnaReH
| AZ COMMON AZ ihoN9 .
The brilliant 1ntehlSence WHICH nus paterni2ed THIS
theory would 70 iFFosr1eSanly eh8nioh bonhath =
problem til political economy wlsa Which It had not
harotoforo dared to gFapple. would any one dare
to sar that the statutory humper or
grains Or gold o. certain hnenoss
wrfe not still tega1-ten!er for ono unuar aud sti
really the coin doisar Set 1t IL rian that one could
ttaT0 O11tn ha