The workingman's advocate., 1873-12-13

tenn above proposed would be greatly pre-
terai.le to the system now controlled by
banks and brokers II would fix, with
trlhlng va.u,'ion. a uniform rate Of interest,
prevent expansions and cuntractlons, " hlch
have demural zcd bush eSs, caused panlcs,
and made halkIUpts ut thousands. Prices
would become more uniform, regulated by
supply and demand.
No guoi reason has been shown why
Government should mot issue their own
money, "a any ytIfg.u upun the sufficient
deposit ut State uI National stocks or tthar
unduuh,.a security. instead uf Indorslug
" the promise tu t.tN 90 money lending
corporation, often uSued and cuutrulltd a
81 uar man whose promise, II Is well nm
drr,t,o.i tu " a tal,thuuu q fraud hav
no intention ur aacvuat, means tr ray.
Under thIs system, want II confidence,
fav.llt,>u. combinations and corners par
Alyt industry and deran.e finance. IN
our c,tN, 'ne time, surplus capital
ah1uu, Money ,o.s be.,Ing, a. very
low rates tur Iuye1tment, Nhilr lu uther
parts nf the uIun. AZ the same time,
usurcrs collect 10, % aud a per cent. up
ou ~uail and preCarluus supply The
consequences are thousands uf men are out
Of employment, the usnuds ut women work
at starvation pr1crs, ur are compelled %
sell virtue tp prulpug life Sharpers sNlud-
lers. burglars, thieves and Prostitutes
aboInd, while peculatIun. bribery and
Official position corrupt public men ana
prevent Justice. Legislation tavuls the
rich who grow richer, opprcsscs the poor
who increase IN poverty. Bur for uur Ma
uonI q, nam the system wuuld make us
nation ~ serts. and uf late capital has been
NurauouSly swallowing the faIrest portion
II the peoples inheritance In the mean
time for want IF a sufficient unhuctuailng
currency. cur uucqualed mines are made
guately developed our immense water
power only partially improved our com
mcrcc and manufactures laIluish. oT are
brought INTO competition with the cheap
money uf Europe, at tho same time We are
heavily taxed for almost every thing We
car ~ wear. While We live the physician
u. taxed who attends our sick bed, aud the
an icrJakvr is taxed who conveys us to the
place where collectors cease to truuble and
laborers hud rest
The first effect of thc adoption Of GOV
erumeut currency would be the revival of
business Hume, long ago. remarked that
IN every kingdom IN winch money begins
tn flow IN greater abundance than former
IL, everything takes a new face labor and
industry gam new hte the merchant be-
comes more rnterprsin- tht manutactur-
er more skIlful and dIhGent and even the
farmer follows his pillow with greater alayrl-
ty and attention.. Ihe nearest approach
Ne have ever hat tt his currency "4i by
the legal tender act Me- hal then a sluall
a uuuut Vi dyuaud notes uur. which we're
nearly "h I'," "'." -. .4' lN' currency
'heh' ltIvIlt,' u.s. D. was VI W." .'''e" 'N'''S
IrN suA PT''H'ed Nl'N'I'I'i'I prosperity
II c'AtT''j''" 'i 'Ae ,.IF,.'.F' ana suo-
s...o''''' ". ..'''N mss '''i'- Ir-'. nv .'S ~
h''t'u''' ''"'''' 't''! |
ana rum
ID Wlll Uy dIihgul t1 estimate tut -"ud /
effects ari'Ih- ir"m thr ad"ptl'h NJ the 4
proposed l'hNtlll'l, N'll1nI currency /
win "I''l"lH -"" i"'e .l lt'IvS'. lH \
addition i' ihv ncutuIH ItleII'u ." hh"Nr' \
the want oi employment at rtnunrTdtlEr \
prices ir men ANA women would cease, /
compulsory poverty ana lalthtss- the fruit- ,
fuI parent 'i many 'r'Hte~, he diminished, I
"uls anu lAa'ilileTy' now rus'lh-. ""ulu I
N""Ae '' 'i' -',' ''l''-S "'li''''N- '''+eS'
factories 'l'' 9h'FS "'"-' '' tTC'l'"' grass
"'"lu oe'7' l' etc.," '" .'V' 9Hn'I y@IoS; |
$3.50 '''', ,N'" '' '''. "''''''S ",'"i',
M vi "'iN -''N''' ,''''. ..'..' w. .'''' "''"
"'t'I'''' S'e''''' ''-''"-i '''' M ''"uS' /
4 i''lf ii'-'H, '' convey 'A' Increased Pr"- 4
""1r m 'I,.'N ''l' l''' ''''- ''.. '0l, IT'S I'
iiar"e. wafer lower, ""''H s'I aIe7
NAYS 'ee" '''ll''I- "",'' ".'''u M M n,'I
ne'7on Wy Svl'li'i'l' ''lecl''''''S i lht 'r''
"''' N','l' '''' M MI