Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1875-07-13
gplrit Of yrdersjolr,
CharlestoHn, Jefferson County, West Va.
TUESDAY MORNING, JULY Is, 1915.
THE CURRENCY DISCUSSIONS.

II
from the Mechauicsburg PAL Farmers Friend.l
There is matter of copgratulation for
those Of US who see in the present organizes
tion of money monopoly ystle fertile source of
all the monopoles, against which the industry
of this country naturally rebels. Il is
destined, despite the Intentional silence of
the whole newspaper press of the East, to be
brought into the front rank of the questions
before the people; and whether the news
papers ike it or not, the people will force
them to consider it. For my own part, / have
NO fear for the result. Tho education of a
life spent in honest production is worth all the
pseudo education of the schools of political
economy, to whom the dollar. is worth much
more than the man whose labor creates it.
For the first time, l believe, book has
been published by professor, intended as a
text>book for use in schools and colleges, in
which this general conception serves as the
keynote. The title of this book is as fol-
lows: ttSocinl Science and National Economy.
By Robert Ellis Thompson, NJ. A, Professor
of Social Science in the University of Pennsyl>
vania. Phila.: Porter & Coates, 1875" Il
is book that will do no Pstron any harm to
read. 1t is the first time l have ever seen
any publication from an American professor,
upon the subject of social science, in which
the writer has thought it necessary to try aud
be either social or scientific thati is to say, in
which he conceived that tho function of man
is industry; and that the progress of social
and industrial development is the increase of
the power, the. comfort nnd tho happiness of
those engaged ir it. 1t is pity, perhaps,
that Mr.. Thompson is not Granger. Possibly
if he had been, he would have seen things
even in a newer light than he does. But let
us not grumble. 1t will all come in time
For the question has got into politics, as any
one may see by reading the recent platform
adopted by the Democratic party in Ohio
They even propose the abolition of the national
banks; the issue of the currency of the coun.
try by the government, without the interven-
ton OF any middlemen; the payment of half
the duties at the custom house in greenbacks;
and all this in the interest of industry.
A copy has also been sent me of circular
to the people of Pennsylvania, in favor of the
abolition of money monopoly, and the crea>
tion Of financial system by which justice
shall be done in the distribution of the wealth
created by industry. This call is for pre-
paratory meeting in Philadelphia, to arrange
for convention at some future early period.
In the REPORT OF the select committee of the
Senate on transportation routes to the sea-
board" they say, "Perhaps the most extra
ordinary feature of our governmental policy,
touching the vast internal trade of the nation,
is tho apparent Indifference and neglect with
which it bns been treated" AS this trade,
which is the exchanges of the producers, is
probably thousand times greater than all our
foreign commerce, and as the farmers of the
country. supply the greater part of its material,
it is no wonder that they are beginning to be
disgustcd with the contemptuous Indifference
with which they have been treated but that
they have not felt outraged by i. before. AS
the regulator of all these exchanges is the
currency, it is impossible that its study can
be avoided, however ALI suggestions for its
rational reformation may be sneered at by
those who Intentionally or ignorantly mis-
understand it. EDWARD HoMLANp.