Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1875-12-18
Saturday, December le, 1875.

EpIToaS ~ THS INDUSTHIAL AGE: ] have
received ycur late issue III which you quote
from the private letter of Mr. Bronson, and 10y
which | have been much Impressed | agree
with him that this 3 J5 interchangeable boud
theory may not answer all the ends We expect
from it. What we want, aud the people need
Is the control Of money Jy TIE p,ople from
whom it emanate>. 1t is, how, controlled 10y
haukers. brokus and usurers under the 3 65
theory. it will lie controlled 10y the IS bond
holders. This is it seems to ne, swapping
the devil for a witch
Ny Dear Sir, ia forming new party-a
party OF the people-on this vital question.
let us make no such mistake as this; but, look
to the people alone, and cut loose from the
money -mnngers, aud the money-changers, en-
trey What have the people in common
with these cattle? Nothing The people
want equiyalent exchanges these wreichcs
wnut ", fits, aud w0rst Of oil wan. profits
from money which they did not create
aud cannot create; but viii was ere
ied by the people not .f1r pro@, but for cx-
charge.
VIA, the people want is money, tie in
rercst ON which shall never exceed the net on
! nual increase Of labor: such money would
| be AN honest money aud all other money
whether that we have How, Or the 8 65, Is a
/ cheat aud dclu,ion.
Sir permit me TO ;ell you, we cannot " serve
! Gud aid mammor :" n"r, can we serve the
! people and the mlney-changers At the same
ia.b Tier interests are distinct and differ.
cut. and cannot he blended The old deuio-
! cratic party. and after them the republican
party. have attempted 10 do this thing bul
! lie result was. in both cases, that they sub
| served the interests Of the moueyed classes and
| the rich. and they have, both, left the people,
/ the masses af whom are poor, to come ont at
/ tie little end Of the horn.
These remarks now bring me up 10 the con-
/ ,iiera ion and test Of tie 8 C5 bond theory
! and what if means Aud, here must be per
milicd 20 say that, to the extent that green
backs may he funded unless the government
( nav use the grcen-backs, received for the
( bond il gives for them, in purchase OF other
I o its bonds. the IS theory is simply meas
ure of contraction and the G5 buudholder-
are empowered g. decide tie extent Of the con-
| traction. With iut that feature, i mean the
use of the green backs III the purchase ofotber
houds-which. ! see Judge Kelly advocates -
| u.
/ fund It's whole debt in this country, and, at ihc
same time. furnish full aud free currency
which from its volume, cJuld not be monop"-
lied the 3G5 bend theory, or remedy. wonld
only be a premium, or, rather, an insurance on
/ shaving and usUry. !; would amount only t.
the governments paying, 10 the iuuders. 65
iur the privilege oi keeping safe their fluids,
until they could 10 better aud, then, letting
them loose on the community To cxtort and
puuder, at pleasure, aud, as the monied oil
garchy are now doing. Nay. it would
strengthen the power Of usurers and Shavcrs
and the speculative community in general; by
adding 10 them, as allies. the iunders Of small
means which, iu the aggregate, amount 10 more
than their own means; but, Tor which small
suns, now on unsafe deposit, they only get
two or three per cent. while the Banks and
brokers are making, as Gen. Butler has shown
in late letter. from fifteen to twenty per cent.
uu these Deposits ot The poor. This very p Ii
cv Is perfectly lamIliar 10 Wall Street, New
York. State Street, Boston, and Third Street
Philadelphia. They, ever, and always, when
there Is any danger, invite the Rai'Hade-Brl-
areus-- 10 come mp and take SCAT beside them
and not that they have any special resar
for the multitude. but want is assistance IL
terror to other parties. For the proof Of what
say. see the law, passed in some Of The New
England States, exempting the Geposi 5, II
savings banks, from tax ,tOn, under the pre-
text If favor To- the poor; aud. yet, rs soon a.
the law was passed, i, was fonnd that, The
rich all. made their deposits in the Savin- ;
Banks, to share this charity with the poor =
Aud. again. u back them IN, IN their Goi-
forbidden. aud diabolical usury, they whedle
the poor man with the false dea-the snphisn
that usury Is as fair fer tie poor as the rirh
that If the rich man may, by law, take ten
o- twenty per cent for The Use Of money, the
pnor man may do the same thing: At the
same tine. they know well. the jhsgliug hypo-
critics that. in the FIRST place, not one poor man
IN an hundred has dnar to loan and, 10
the second place, That, II from the gross earn
ines # 81 600 he should have over. and net.
500 t. loan, that, while be got SO as usury
nn the 500, he paid, in exchange. 800 on
the : coo; or. in short, that he pai' out oi
his earnings S1e0 on the gross $1,000, to get
SO on tie net 500! Or, to illustrate the
-..,-s,~,frr i,t- comm riSon i IL mot the