Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1874-06-23
FINANGIAL.
Gold, nsed as Money, Is Tie aCo,ae-Sonea
Of Monarchy aud Despotisn; and tie
Cause at ignorance. Crime, and Rzite
S1asesy Throughout The Earhl

OF Monarchy AID Despotism; and tie
Cause at ignorance. Crime, and Rzite
Slavery Throughout the EarA1
Editor Of tke Spirit of Jeferson.-As q.
s. Grant, President of the United States, in
addition 70 his veto of the currency BILL has
more recently-undef the thin disguise of an
expression of his views and opinions of a
proper and suitable medium of exchange
issued IN fact his stdecree"-as his prototype
Nebuchaduezzar did long before him-that-
land without, too, '.the sound of the cernet,'
flute, sackbut, p%saltery, and duleimer, and all
kinds of. music") ..every nan shall fall down
andNWorship the Golden Image" It is high
time that the people Of the United States
shouldtake 1t under considerations, and decide,
as a brave and unterrifed people, what they
will do, even in the face of the other part of
the .decree" the "burning fiery furnacem
In order, then, that the people may have,
before them. the true facts of the case, and
the cause of their disastrous condition, and
the proper remedies, in the first instance, to
relieve them, l send you the following letter
of DR.. P. P. Field which, hope you will lay
before then5 as it touches all these points
briefly aud clearly; and may, indeed, be used
as a declaration Of our grievances, aud of our
A10SpSaNS1SS1 WV ID SoihS w NhO
moneyed Oligarchy, and their bribed and be-
gifted tools whether in Congress, ON the
Bench, in the press, ia the palpit, or else
where.
The letter is headed t'labor and capital"
and the dullest of mortals can readily see that,
when in the exchanges and transactions be-
tween labor aud the productions of labor and
money, there is a leverage of sstwo hundred
per CEN" in favor of s'money' and against
labor and its productions, that this ..is a suf>
fcient difference to carry the entire surplus
production of the nation from the hands of
those who produce them, into the hands of
the money lenders"
We must have u money that will yraduaHy
"redistribute the property which is now SO
unequally divided" and. also, "preyent a re-
currence of similar conditions in the future"
The peoples money, based equally on all prop
erty, and labor, and the peoples credit, will
effect these just and desirable results. They
can never be effected as long as Gold is King,
and his subjects uphold the mons,rocity that
the "King's chat is better than poor folks
corn" Now, Mr.. Phelps, of New Jersey,
asserts this, when he says Gold is the only
basis of paper money, aud when no we'll
knows that the Convertible chat" issued by
his King has always proved to be mere "chaf'
when he has been called upon to redeem it.
Suspension" was the cry of his kingship;
and ever will be-
We want, and must have, a just and fair
money. We cannot have it, as long as we
prefer one mans production and labor over
another's, even if that production be gold
To do SO, gives this difference of two hundred
per cent" in favor of gold, and would do so
in favor of any other specially favored 'com-
modify" No commodity is fit for money
In the language of one of the ablest Gnanciers
of this or any other country, Wallace P.
Groom. ''The use of Gold, or other merchan-
disc, as money, is a barbarism, unworthy of
the age"
The use of Gold, as money, has beggared
the world and reduced it to despotiem. If
continued here, it will beggar, and reduce us
to the same condition. Away with it, say I,
and up with the peoples money away, too,
with all the tyrants, at home and abroad, who
we'll know that gold-with that difference of
two hundred per cent" against labor-has,
always, been the Cornerstone" of monarchy
and despotism, and will be here, too, the
cornerstone" of monarchy and despotism !;
unless We '~reject" it, and substitute for it the
Cornerstone" of Labor; and that is the
'~'people's money of solid values, instead of
the "King's chaff."
JNo. A. THOMSON.
Crr,r;k Do;rk w VI. t.. OIL 1917