Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1873-08-19

cent land rises itoStwelve, per cent..zit takes
twice as much corn, wheat, beef, or cotton
to pay debt as when interest stood at six rer
cent, and every officer Of the Uuited States
or the States, whose salary is fixed by law. and
every person holding bonds or mortgages or
other obligations drawing a fixed rate of in.
terest, can purchase with his income double
the amount of property as when interest stood
at six per cent, that all salaried officers of
the general or State governments, cities, coun.
ties, ETC., have their salaries doubled, when
ever the rate of interest Is doubled. and there's
fore it requires the sale for cash of double the
amount of property to pay the taxes, increas-
ing the burthens of the people to enrich the
privileged few
"Fhe extent of territory in Great Britain
IS not much greater than tfat of tho State of
New York, and the populstien about equal to
that of the United States, but the money in
circulation in Great Britain EQUALS abou.
t'centy>f0e dollars per capita per heado,
while that of the United States now eaualslin
continued circulation not more than fourteen.
dollars per head. Tic whole number of
square miles of territory contained in the CON
tlnent of Europe amounts to 3,764,745, in
the United States to 8 ,010, 600. exclusive of
Alaska, which is $50, 900, and in Great
Britain and Ireland 12l ,OOO.. The popnla-
tion of the United States is distributed over
territory nearly as large as the whole conti-
nent OF Europe, while the population of Great
Britain (about equal to that of the United
States) is condensed into territory OF l2l,.
COO square miles, and still under a monarch-
ical form of government Forty million of
people living within territory uprising
III ,000 square miles. require according to
the laws of the British monarchy eleven dol
lars to the head more circulating currency. to
measure the value of their property, exchange.
and buy and sell it, than the same number of
people are otio~ed by the laws of the Rep6ub.
lie OF the United States, notwithstanding the
latter are scattered over country nearly
freniy:1i0e times larger than the former"
ga population so large, and living within
territory SO small as that of Great Britain,
must pass money from one to the other yery
rapidly. While population like that of the
United States, spread out over half a couti>
neut, must pass money very slowly from one
to another. 1t would not be extravagant TO
say that the people of the United States ought
TO have in circulation at least two dollars for
every one in Great Britain. The amount of
money in circulation in Great Britain is about
one thousand million dollars, aud if we had
two thousand million dollars in circulation, in
the United States, money could never reach
higher rate OF interest than three ,2cr cent.
per anuGm. until the business and population
OF the country should SO increase, as to de-
mnnd larger amount"
Now, from all the above facts it must be
PLAIN to the most common understanding that
Congress has most 1ynornnhH or cor1uDt1v
failed to furnish, as the Constitution of the
United States requires, the proper and suf
ficient quantity of money for tho business of
the country. In deciding whether ignoynnt7v
or corrnphy, the common avarice and interest
that would stimulate them according to the
ABOVE facts, and with them, every member of
the United States government, and of the
State governments, including erecntiues and
Jnsftciary, the conduct Of Congress in regard
to the ''sdlury gra6," backed by the presi.
dent. and the ''Oakes Ames swindler." and
'credit mobiier," will warrant us in deciding
the whole congress to be 'sa servle and con-
crete mass OF mercenary hireliDgsr and that
the whole body of our goverments ts in all their
members, corrupted and bribed bv the ,noney
oEgnrchy, are now traitors to the interests and
liberties of the people, aud by breakins their
fortunes aud their spirits, are preparing them
for the advent of Caesarism And what but
Caesarism ever did, or can maintain such on
preston and corruption
One word, upon the other neglect of Con-
gress. to s'egutate the oalue Of money and
L will express my opinion of What should be
stances and it is action, and prompt action
only, that can save u.s.
The injunction of the Constitution is inn
Peraf'0e and it is the sworn duty of Congress
to "regulofe the voiue of money" It is nec>
essary, and indispensable to Justice that it
should be doEe. because it is made a illegal
tender" for all debts and taxes, and thus has
an advantage over all labor and r-opertv
which cannot. at u0lunfion, be rendered for
debts and taxes 1t is indispensable. because
1t Is measure of voiue and cannot be a
measure Of va1ae, unless ats o,on oalue he de-
termined. any more than yard stick can be
q measure unless its length be fixed at fixed
and certain number of inches It can be
valued. and readily for, dollar valued at
per cent is jus. hnlf the value of dollar at
3 per cent. It should not be Ua7ue9 at more
than 3 per cent, because statistics, and Wells
report to Congress fix the value the net paine
of all labor, agricultural, manufacturing. and
commercial at 81 per cent and agricultural.
by itself, at per cent. And vet Congress-.
under the influence of the money oliparchy.
has never, from the foundation of the govern
ment, regulated the value of money!" and
just as it has advanced its own paw become
more determined not to do it, and in order to
have it in its power to plunder the people,
add enable every member of the two govern.
ments, State and National, to do the same
thing. The result is that, the governments
themselves have become close corporufions and
Daonopolies, and property so nnequally divided.
through the fraudulent device of unmensure1
and unregusdted money, that, at this dav. all
the property, earned and created by 30 mil.
hons of people, is in the hands of t,eo millions
who have been permitted to measure and ya1ue
at their own will
The monied aristocracy then, having bribed
against you your own governments, secured
the press, or being owners of it. and having
with them all the money changers, and even
the pulpit. though Christ denounced the mo,
IL: