The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1876-10-09
providing by the government" whether

jectionable. But this is only caused by
making invidous distinction against PAPER
in favor of gold, by the governments acts,
demanding gold wholly for duties on goods
imported, and refusing to take their own
good paper money for every debt, as they
require the people to do which is an in
consistency on its face. Doing themselves
what the people arc not allowed 10 do.
But this favoritism is done to favor mono.
poles and speculations, and not The COM
mon pdople. In other words, paying gold
to bond holders instead Of the national
money. This depreciation goes to favor
the broker at the loss of The holder, saping
the vital forces of a would be standard cur
rency. which is certainly unjust. making
virtually two Curronc!es, one for the rich
and another for the poor. No wonder the
president ana bis cabinet even all of our
governmental flnancier, are put to their
wits ends, trying TO reconcile that which is
unreconcileable, so manfestly paradoxical
and unjust.
What can we think of ourselves, ar d
what can other nations think of us and
those who control this great republic of
having two currencies, gold currency for
the rich, and paper carrency for the poor,
while monarchy or despotism could do no
more.
The remedy for all this, being simply
the. revising the method of making gold and
paper equal in the payment of all debts.
both public and private. Thus throwing
bankers, brokers aud spectators out of the
illegitimate and i'll gotten gains, unjustly
wrung from the people at large. "Wben
Othellos occupation will be gone" leveling
the poor up to the rich so that government
msy lead the poor up to the plane of hui
mainly, while the rich are leveled down to
the came plane AS the high peaks of the
mountains are leveled down to fill up the
beds Of the valleys, to build the great high
road to progress, over which the advancing
millions are to pass.
In the mean while, during the balance
of the account against US, let us pay other
nations the full balance in gold and silver
bullion, by weight. Absolutely requiring
no coined metallic currency of our own, saw
ing millions for the people in the mintage
departments alone.
1t is fixed fact, prophetic of the times,
that we are to have a new governmental
currency, issued by the whole nation; for
the whole nation, and based upon the whole
nation, with all it possesses or contains,
lrrespectively, without regard to home
monopoles, or foreign institutions.
circulating standard currency, is this. In
the first place government is to issue sufli-
cient United States paper money to pay its
bonded debts, both principle and interest.
These notes then being equal to gold, in this
republic, dollar for dollar; because based
upon every thug which is for sale contained
in 1t ; whether it be metals or otherwise,
establishing it as the standard United
States curedcy. We find that new light,
with progressive tendencies, creates, or
brings new lords and laws, and through
its new legislation, which the new light
brings. This government can rightfully
call in its bonds, because the best interests
of the country demands or requires it, and
certainly this cannot be called "repudia
tion," bacauue every man is paid cent for
cent, and dollar and dollar, or one hundred
cents on the dollar value; beyond which
no more can honestly be required.
A large portion of these United States
bonds were unconstitutlonally created, and
sold to the highest bidder, in the market
They stand upon false basis, and misap-
prehension or justice for the poor were
called upon to furnish their equal quota of
the war debt to be paid in their blood;
while the rich have never Paid the full quota
of the war debt, either in blood or money,
uuNl IL lIc IiCH lldhC ally SlICHUUuS ODDDel-
ton to this plan of paying the national
debt, in the new governmental currency
we will call upon them to pay their arrears
of the war debt, in treasure, which is still
due. This will soon bring them to terms;
as the affirmative is either to take govern
ment paper money in exchange for their
bonds, or be levied upon for their share of
said war debt. 1t being less arbitrary, as
the lines of the soldier were conscripted,
it being never too late to correct errors, in
legislation, where injustice has been CON-
mitted. As according to Blackstones cele
brated axiOm-"That which is unjust, can
never be law, and no one is bound to OBJ
ject.'
The constitution of the United States is
based upon this same principle. Showing
or granting no favor to one class of its cit-
zens over another. And how is it with the
present bond holder, who is not only paid
IN gold, both principle and interest now,
but he is by special law cleared from taxa
ton, to any indefinite amount, while the
common citizens are shown no mercy
Another powerful knock down argument
against paying the eXtoItionste interest on
money, of from eight to twenty per cent is,
that while the laborers of the country can
produce wealth or products in the ratio OF
only two to three per cent over consump-
ton, they are obliged, under our present
monetary system, to pay to the banker and
capitalist, 16 per cent at least, more than
they cteate. consuming, consequently, all
they now possess, besides mortgaging them
selves and children to slavery, for all flu
ture generations like unto other despotic
nations which legislation of making the
rich richer, the poor poorer, is neither con-
stitutional or republican in principle, and
should be conclusive.
The second part of the work of starting
and establishing this new American money
system 10 the paying it out to the nation
for the labor or service which the people
perform for the government, for carrying
on it's universal administration and gather
ing into the hands of this government, an
nually, by tariffs or direct taxation, percent
age upon all taxable property, thus justly
replenishing and paying out, according to
supply and demand, acting upon the prin-
ciple exhibited in all nature, supplying diff
ferent DEPARTING AS the circulation of
the blood and vital force in all parts of the
human body. The vegetable circulation
of the sap in the root and head of the tree
AS also the circulation of the waters in and
upon the earth, of its ascending through
evaporation, forming clouds, which de-
cend again to fertilize the earth TO supply
rivers and oceans-so money in its wheel
and whirl in its course, must take its usual
round, feeding and fostering every vital
function of the nation, sustaining every
laudable enterprise, whenever and wher-
ever it shall be found, approaching towards
a proper government of human rights.
Submitted most Yagpnltfullu hu