Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1873-07-24


use. when Necessary. millions of their pro.
fits. by placing them where Oakes Amcs
did his Crcdi, Mobilicr stock. "where i,
would do the most good" No wonder
they cry out that their factories will per.
isl but for the bonus thus paid them year.
ly by the people! We know that this is
not true-,hat they will not perish-bu,
suppose il we're so. better them than the
farmers. for We could at least save the
$3.50. 900. 600 year. and in three years
replace this capital used in manufactures,
and in another three or four years we
could pay the national debt. The most
serious burden inherent in government Is
that Of taxation. The multiplied forms
which !, takes is continually varying ac-
cordingly as the various interests arise.
enlarge. or change; and as through these
various forms and under the shel,ering
idea of raising revenue the thieves and
robbers Of the land take cover and work
out their concealed purposes Of plunder-
ing and robbing the producing classes Of
the country, it becomes in the highest de-
gree important that their interests in this
direction should be fully understood. cared
for. and protected. Protected. not by
sumptuary laws. but by permitting them
to have the full benefit Of their labor.
The productions of the farmer consist of
food aud raiment for mankind. without
which he cannot exist, and hence the
farmer becomes the great banker of the
Government. and when he takes its cur
~c
life he indorses the pledge mado in bis
name and gives it its circulation and value.
IL is therefore Of the highest interest to
the farmer that our currency. created and
issued by the Government. to the redemp-
ton and payment Of which the labor of
the farmer is pledged, should not be dis
criminated against BY the legislation of
the country: but on the contrary should
be maintained aud upheld By the Govern
ment, and received by it in payment Of
our taxes at the Custom house the same as
elsewhere. Let US be careful, however,
that our motives in the matter shall not
De prompted by mere prejudice against
the bondholdcr or any one else; but let i,
be done as an act of justice and of tribute
to the honor aud pride ofthe people, so that
the world may see and know that the curren-
cy OF our Government. in whose stamp the
sweat Of the plough holder is to b. seen,
and for the redemption of which his labor
as well as his honor is pledged, is the
equal Of any currency in the world. wheta-
er it is dug from the mines of California
and australia, or bears the impress Of the
seal OF gland, Of France. or of Ger
many. No proudcr or grander people,
nor with greater resources. live upon the
earth than the American farmer. Sover-
eigns in their own right. their promises to
pay, bearing the impress ofthcir high SOW
eigntc, should not be dishonored ut home
by Legislative discrimination, which fur
nlshcs at the same time additional means
for their robbery. Let US therefore de-
maud that the honor and interest of the
Government in this respect be made to
harmOnize with the honor and interest Of
the people. which alone should constitute
the rule of its action Ia this connection
j, is but proper to call your attention to
the fact that we have now two descriptions
Of currency in the land One issued by
the Government. and being legal tender,
is therefore money. The other issued by
the national banks. and not legal tender,
is consequently an inferior currency
This national bank currency being predi
Gated upon a deposi. of 500. 900. 900 Of
United States six per cent. bonds. We
therefore are paying the enormous sum of
S24, 600. 900 in gold each year for the
high honor of having this inferior bank
currency of the bankers of the country
instead Of having our own currency in its
place.
Why is it that We should continue
this any longer, when BY simply replacing
the bank currency with our own, thus re-
deeming our bonds on which i, was issued.
we would not only have q better currcn.
cy, in whose value We were more interest
ed. but We would save the enormous sum
of 81, ,O00. 900 year in gold as the price
we now pay for it. Why is i, that we arc
so anxious. BY establishment Of a syndi-
cate in Europe. to replace our six per ct.
bonds with the new FIVE per cent bonds.
whereby We would save the / per cent.
interest. when BY a law so full of Justice
and Of right and of honor we could no.
only save 6 per ct, on so large an amount
Of our interest bearing Indebtedness, and
could thus give ourselves a better curreu-
cy. but at the same time strike from ex-
is'cnce one of the great monopolies of the
country, which draws its millions from the
people on account Of its special privileges?
No wonder the farmer finds himself una
be to bear the burden of the State and
national Governments. No wonder they
are this day, all over the country. prctes-
ting against this continued robbery. No
wonder that. weighed down cy such loads.
they are crying out in such a manner rs
to startle those who draw these immense
sums from their pockets--and who in re.
turn are trying to frigh,en the people Of
the West BY their threats ,ha, ,hev will lend
Us no more money. After drawing wear
after year every surplus penny from the
pockets OF the farmer. without 4 valuable
consideration in return. they now send rs
the insulting message through n Philadel-
rhia paper. that they will not even lend
our own money back to Us, taking mort.
cages on our farms for i,s payment, un-
less VIC continue quietly to submit to the
| slavery in which We now end ourselves.
Thank God it is not too late to remedy all
this. Let them keep their i'll. gotten gains.
and all we ask IN the future is that ne be