Delaware tribune. [volume] (Wilmington, Del.) 1867-1877, 1875-09-16
The IHeraid's rinauciai view


This scheme of coniscaton, planned by for
eisn AID dImestc capitalists, and sustained by
the pcn- Of paid advocates ana tho yenal pencil
OF the ii rpers, il ono charged with 20 much dam
ger 10 oar citizens that it Will Compsl tho party
OF the people to oppose it or fail in It's mission
| These people who cry lnilltiunists and prato of
rag-mUnuy, what do they mean? What othOr
| money have we had for fifteen years but rag
| money? With 1t We successfully tonight tho
| greatest civil war known TO history. With it the
| ruined folds Of the South and her riftcl cities
have been restored. With it American com
| inerca has been again vivied, and tho American
! Nag carried into cyGry poIt of the commercial
| world Yes, tho splendid and weltearnod for
tune OF ono OF the corporatOlS Of the paper that
| shalls and spnttors upon II question beyond its
| Ken was solidly laid with rag-mouey. What il
| the meaning OF this lying cant Of rroloemable
| paper-money? viii it not redeem ANYTHING
| Tell us the product it will not buy. Even die
cohiI5eatl0nlsts ito--gold, it will purchase at It's
| mlrket Ya!ne. 80 much for our rag-m0ney.
what is tho aim of the advocates OF specie
payment III lS7O-tp rob every poor man who
Will owe dollar upon the let of January in that
year! We put this question, and ask an answer
morocco dresser OF one of 0ur shops bought a
house, we Will assume in 1870, subject to a
| mortgage of $1,000, or about $500 in rOd
twenty days labor, when hG malo the debt. was
about tho equivalent of the annual interest uDDn
tue mortgage. The effect of tho threatened
compulsory specie payment in 1879 has already
i'Nbi't tilo NNEta VI lilS utDlpf 10 ADOllt 81
day. Under the pressure of specie payment Ills
wages will probably go down to SlbO Dor dav,
compelling him to labor forty DAYS to nay 800
pet year to the holder of the mortgage, and il
INC principal is called i'll, 1900 in gold IL OK
acted, more than tho creditor judged by the
gold hiandatd loaned tho debtor. Is MT
ths robbery and oppression of the poor
by act of COngreasy Mark, meautlme tIc
cIedllors income, under tho Fhriukage of values
7nrc To come, VIII buy moro CARRIAGES, Jewels,
wines, and labor of the poor than ut any PERIOD
suzanne upon those advocates of Dives, who
clamor Tor state Of things that must widen tho
yawInmg gulf between capital and labor. The
people Whom yUu call iuilatUnist1 dgtlro no cy-
palsi0n beyond the honest needs of the country.
what do they want II sufficient volume OF chr
rency to be issued by the United States, TO the
payment OF which oyeTy house, farm, factory
aud shop of tho nation will stand pledged. Unv
are We TO arrive at tho measure of our wants
bY analogy and experience. France, with a
population about equal TO onrs, has a paper cur
roncy Q! GOO, OOO,U 600 Of france, which il about
S.hfty dollars per capita for her entire pupnla-
ton. Tho United States has not quite $500 900
UOO OF currency or about eightoUn dollars per
capita. This sNring deficiency tolls tho story,
NOT oil the story. Not all the story, for We want
a great deal more money than is necessary in
france. Labor wages throughout its range ia
twice ~ high here ~ in France and prices
OF nearly everything are about twice as higl here
as they are. How are We to set labor to worl,
How are we to make exchanges under such a
t'tS VI II or lttEttS ara greater than
Franco 10 mako our exchanges, why sh0Ul not
We have tho means to d. 30? WHY Should we
not save Sl5D,O1O,OOOa year We pay on bonds
overdue to the national banks, by Issuing chr.
renGy which would 10 He we'll secured M the
bonds In Their place? Nill any one give req
son against saving this enormous drain upon the
NE OF the people, always bearing ia mind that
tllo holier OF any instrument or obligation of |
the United states. wherein the payment is ex-
pressed as III dollars, that such payment must |
be made in gold? Anything to the contrary
would DO rs dishonest as the scheme OF tho con- |
hscationists to rob us, Tho United States ought |
70 take us own paper for rGyenuo. Take away |
THIS crulch that supports the gold gamblers, and |
our word for it, gold Will tumble, and tho gar |
between 1t and paper Will speedily lepsen.
The threat OF the cOnli6CatiOn held over the |
Industries of tho nation has blown out many of |
Our furnaces ailenced the shuttle, furled our |
commercial flag, and has brought famine TO the |
hearts of millions. Let no nonggnsical irony |
about rag money lead our people away. Foreign |
and domestic capitalists have subsidized tie |
press of New York. and their many Disciples in
this and other cities that take their che from
These journals have raised the cry OF rag money,
Don't mind them. They will Gre long be heart.
~ ashamed OF thef ignorance, and regret their
support vi confscationists, who aim to rob and
ruin the many for the benefit of themselves