Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1874-02-17
PATRONS OLE HugBANDRY.

unanimously adopted. We copy from the
Martinsburg Statesman
l. Reso5ged, That tracing the rand and
alarming decline of real estate throughout the
United States to the disparity between money
values as shown In the per ccntage which
money yields above industrial pursuits. we
therefore deem the currency question as the
paramount question of the day, calling the
earnest attention of all classes to its impor-
lance, and particularly the attention of the
Patrons of tlusbandry TO the inequality of
values under which they labor. and desiring
their earnest efforts for lis redress.
2. Resolved, That Congress having the
right to regulate the power of production.
regulation and distribution of the currency of
the United States, that it be rnemorialized to
put into circulation a suficiency of currency
to pay its Legitimate debts, and to furnish to
the country what is necessary to meet It's
business wants by taking up with all such is
sues bonds bearing gold interest in equal sums
the amount issued, thereby Withdrawing
the government from the money market as
competitive borrower against the individual
enterprise of the country.
5. RcsOiUed. That we regard with alarm
and jealousy all class legislation. which uses
cur property values as basis for the validity
and value of government bonds, which, by
their condition. obliges us to pay on the con-
sumption of ordinary family supplies of sugar,
coffee and tea, stipend to make I'D the in.
terest on government bonds, and also obliges
us, as borrowers Of money, to pay exhorbitnat
rates of interest for accommodation, based
upon and secured by the deposit of such
bonds with the U. s. Treasurer, which held
in the interest Of banks draws or per cent
interest for the same money that individuals
in legitimate busineEs pursuits pay not less
than and often 10 per cent premium upon,
which! combined with the interest demanded.
and positively collected by the government,
makes the not loss that s or 20 per cent.
for the n-e 0: the currency furnished the PEG
pie By the government
i. ReSolcfA. That the recent shock to the
general prosperity OF the country and stagna-
ton of business caused by the failure of one
or our leading bankers. Jay Cooke & Co. ex-
hibits clearly the unsafe basis Of our banking
Interests. and the insuficiency of tho currency
Of TIE conn'r? to meet the wants Of the people
R~Snh,e" That we view with suspicion
the efforts made by the monie1 interest Of the
land to effect and produce snecie basis Of all
business transactions, it being in our view
mere suhterfuee-the syrcn song OF monied
aristocrats 10 lu!l the people into Tcrosc and
quietude, that their individual gains may be
the more.
6. Rcso1rcd, That we pledge ourselves
neither party doeDlas, political rreiudices nor
'u"' consideration stall turn US from
pressing upon our representatives. IN Congress
the great importance OF immediate action upon
the vital question of the lsonr namcly:
The payment Of the government debt i,
bonds ty the issue Of legal tender notes in
sucn SUMS a~ me country may need.
Ht%nitf" J"f"tf. l. That as individuals
we VII! h"'" our agents executive, Judicial
Hna ie@ISiH''Te. TO StrIc: accountability, and
'Aas ~ cur votes we VIII sec thar our irter>
e$'S ShS'i he ""arnsd and 1Trtec'"h.
A''S"'f'"' I max y" are IN favor o. "f'ia'
'"NH'''' "t''" all 'h"",'" Yates reFT'seH'e';
inner ~ =''''E"''H' C"ucS' rai'r"*! h0'd1,
fit"Cr H'fts "r national, incomes. nf"Tcv in
hand or on Ioa", or property vaiuc ct ary
chl''o.Sr.
d. ''''', Fs,.. ,%5 sc '.e III tHT7T ~ ;:Hnfy
Of MONEY; inH and ai['l prices i"r i'nnr and
!'"'uce' Ic"''i'g mat u 'nH'd ." al greater
heH'ht TO cur country st large IN al material
interests mar Tehn"erat'7e and Ira"ahle
rates S;''n'h he Iaid t" ia""T and protnction
'Han ttat lew prices and nnr"Tur1eraiir" rates
*horid he I"'i t" the lahHrirg class and farms
- ' - '"''H''F
=. H'so'''". i nat We are in favor Of no
higher rate 81 interest than will provide for
ordinary exchanges, and that the agricultural,
mechanical ana 'ahorirg classes of 'he country
may property Justify, believing it vii! thereby
more ct!sc'ua'iy advance tina prosperity Of ali
classes, ami the public at large, ,han by the
present policy concentration Of all Dcncd
Interests in the f'ands Of a few moncroIj<ts
and uSurcrS :" TIC general Injury and rrciu-
dics Of eli producing classes
) EssoicrF. That the action Ct CONGRESS.
in the increase 81 compensation to members
Of their own body, also the executive and