The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1875-12-18

tenn deserves attention 1T is conven
lent" he says ''for the Americans, who
could always employ with profit, in the
Improvement of their lands, a greater stock
than they can easily get, to save as much
as possible, the expense of so costly an in
strument Of commerce as gold or silver
and rather to employ that part Of their
surplus produce which would be necessary
for purchasing those meta.s, in purchasing
the instruments of trade, the materials of
clothing, several parts Of household furni-
ture, and the iron werk necessary for
building and extending their settlements
and plantatious; in purchasing, not dead
stock but active and productive stock. "
Again, he says, "The redundancy of paper
money necessarily banlshes gold and silver
from the domestic transactions of the
colonies, for the same reason that it has
banlshed those metals from the greater part
Of the domestic transactions in Scotland !;
and IN both countries it is not the poverty,
but the enterprlsing and projecting spirit
of the people, their desire Of employing all
the stock which they can get, as active and
productive stock, which has Occasioned this
redundancy Of paper money. He also
saws, 'In those branches of business lich
cannot be transacted without gold and
silver money, 1t appears that they can al
ways hnd the necessary quantity Of those
metals. Wealth of Nations. b r. ch. Ill
The representative money, which could
In the Colonies be converted at pleasure
into land, labor and, produce Of every
KIND, could. of course as easily be conver-
ted, at the market price, into gold and sill
yer
A prosperous people are generally well
satisfied with the form Of government un-
der which they live.
When III 1876, DR. Franklin was exam
med before a Committee Of the whole
House Of Commons, he was asked, "Wnat
was the temper Of America towards Great
Britain before I773 a. He answered,
The best in the world. They submitted
willingly to the government Of the crown,
and paid in all their courts obedience to
Acts Of Parliament Numer' US as the
people are in the several old provinces,
they cost you nothing IN forts, citadels,
garrlsons, or armies, to keep them in sub
lection. They were governed by tins
country at the expense only Of little pen,
ink and paper. They were led by a thread.
They had not only regard, but an atfec-
tlon for Great Britain, for its laws, its cns-
toms, and manners, and even fondness |
for its fashions that greatly increased its !
Natives of Britain we're always |
treated with particular regard and 20 be |
an Old England man was, of itself, a char
acter Of some respect, and gave kind Of
rank among rs.
In an evil hour, the British Government |
took away from America its representa-
tive money = Commanded that no more |
paper bills Of credit should be issued, !
that they should cease to be legal ten
der" and collected the taxes in hard sill |
yer This was IN l773 Now mark the !
This contraction Of the |
medium paralyzed all the in
dustrial energies Of the people. R1in |
seized upon these once hourishing Colon |
les the most severe distress ~as brought |
home u every interest anb every family /;
discomfort Was urged on to desperation ;
till at last 'human nature. as DR. johnson |
phrases il. arose and asserted its rights.
In 1910, the American Congress first met |
in Philadelphia. In l776, America became
an Independent State.
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