Wilmington daily commercial., 1875-09-14
rhe uueraIa,. Financial views.

Wilmington lrning Herald, ) 3pG ll.l
lnis scheme OF conhscation, planned by for
uign and domestic capitalists, aud sustained by
the pens OF paid advocates and the venal pe<cl
OF tho Harpere, is one charged with 80 much dam
ger to our citizens that it will compel the party
nf the people TO Oppose it or fail i'll It's nlsslon
These Da1plo VINO cry iutlatluuistl and pfat9 Oh
rag-money, what do they mean? What other
in0ney have we had for fifteen yearb but rag
money? With it we successfully Fought the
greatest civil war known to history WITH u the
ruined fields of the South ana her rifted cites
have b3en restored With it American com
Nerce has been again viviiled, aud the American
IA carried into every port oi tho commercial
Voc y. Yes, the splendid aud woilearhed Tor
tune l,s cna Of tha oorpJrators ni the paper thet
snarl. ud sputter- upon u question beNond It's
len wAs N0lidly laid with ras money. What is
ihe nneani rg Of this lying cant OF irredoemabe
papsr-mone V? Will it not redeem anything
ipsll US the Z roduct it VIII not buy. Even the
,.anf f4catoust idolgoid, it Will purchase ut It's
fn,rLet value 60 much for oat rGg-money,
Wbas ~ the u un of tho adyooates OF specie
puynent IN 1870 Ito rob every poor man WHO WHO
ail owe dollar 20. the ISL OF January N ,nhe
Vaarp No mt tIls quaHtlon, and AJAX an answer.
i ,uorarco dresser % ono of our shops bonght y
house. Nn vail maruine, III 1870, snolec1 10 a.
mortgage Of $1,000, or about SoJU ia solu.
Twenty days labor, whom lie male inc uebb' was
nb1uU the turivs ent of the annual interest upon
Tie mortgage. Tho eifsct OF the ohfeatensu s,.
compulsory specie payment IN lotJ nus hlteauy
lowered the wages vi the debtor to about " por
,iay Under tho pressnre OF specie payment ms
WAres will probaily 20 down to @l.5D per day,
compelling him TO labor forty days to pay Wv
per year to the holder of tlc mortgage, ana II
The principal is called in, S200 IN s9li IS eN-
acted more than the GicitLuf lGdBeu " tht
gold slandard loaned tho debt"f' Id II u
this robbery and oppression of the poor
iuv net OF Congress? Mark, meantime, thc
creditors income, under the shrinkage oil values
sure to come, VIII buy moro carriages !oweis'
wineA, and labor of the poor than at amy period
Siame upon those advocates Oh bife9i Mno
ulanlor for state OF things tnat must WIDEN tlle
yawnipg gulf between capital and labor. lhe
people whom you call inlitionlsts uN5Ee 10 eA-
panrion beyond the honest needs OF the couheiy'
What do they want II Fiillclent Volume Oh cur
rency to be ISSUED by the United States TO the
payment of which every house, farm, factory
aud shop of tho nation will stand pledged HOW
are we TO arrive at the measure OF our wants
Br analogy and experience. france, WIN
population about equal to oura, has n paper cur
rency of & 900 900 090 of francs, which is ABOUT
thirty dollars per capita for her ehtfe Iopna-
tou. The United States has not quite S60O, uJo'-
200 of currency, or about eighteen uulhIh POI
capta This e!nting deficiency tells the story.
Nor all the story. Not all the 5toly,for we want
great deal more money than IL necessary ~
France Labor wages throughout lth range lie
twice as high hers as in France ana piicer
of nearly oyervthtng ale about twice az llSh mere
IA they are, How are we to SGT labor 10 woih
How are we to make exchanges under such
ntate of things Ii our needs are greater tilail
Franco TO make our exchanges, why hhoud MOI
wa have the means to d. so? Why should We
not snve @t50. 900, 900 year we pay on bohd'
overdue to the national banks, by issuing cnr
reucy which would be MS we'll secured as tht
bonds in their place? VIII any one sVe We .
son against saving this enormous dra,u upon th'
life of the people, always bearing N NINA INA
the holder Of any instrument or obllghlioh O
the United States, wherein the payment is ex
pressed as ia dollars, that such payment mus
he made III GOLD? Anything to the eontraf'
would be as dishonest as tho scheme OF the con
iscationists to rob ul The United States oush
to take ite own paper FOR revenue Take ava
t!lis cruteh that supports the gold gamblers, am
our word for it, gold viii tumble, and The ga
between il and paper will speedily lessen.
The threst of the eoui4cation held over VI
industries uf tho nalion has uiown ont many 0
cur furnaces. slenced the shuttle, fnried on
commercial tag aud has brought famine 10 th
/, ,stta OF millions. Let no nonHenaIeal iron
ybou' rag money load Our people away; toielE
sn1 don; ;astie capitalists have Subsidized III
t.reas Of No Yorb, and their many disciples !
tiia aud miner ,,i.ies lhGt take Ihe'r cue irol
these ionrpals hays raised the cry OF rag money
Don't mind them they Will ere long be heaft a.
iy ashamed OF their ignd'anee' anu I. .efe. g.. sue
suuuort Of confscatiunists, who ann ~ rop al
rain tho matlv for the benefit OF thehiSelSe''