Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1876-03-31

0uCfUnfODn.
observe that the time when an frredceunabIe our
rei.cy With .s ever nuctuoting chaHees o. values
the rich men grow rapidly rtchar aud enormous
acoumuiations Of wealth tell into single hands.
HOW IT IS wrrn THE LABoRIEG MAN.
Bat now look at the other side OF the picture
Here is a iaborinR man who works for waxes. lie
le honestly toiling tOsltDpOrt himself and his fau
hundred dollars, and deposited them IN = savings
Dauk. Now Congress resolves to lssue more
money In abundance, and intation commences I'm
rood earucst. The laboring man, who has listened
20 Governor Allen or General Cary. thinks the mil
lenninm IT, coming. The peoples money" viii be
commodities also, The worthy lahOrer does not,
like the rich man, read the financial articles and
and ~ he did II would he Of no benefit 10 him The
rise of the gold premium troubles hls mind very
little, Tor the "peOples money" Is to be cheap and
plenty. But some day he goes to the store 10 buy
thinGs for mis- household and his family. To his
surprise he finds that the prices OF Rrnceres and
shoes. and clothing, and 80 on, have heoome much
higher than before. How is thisl" hc asks
WELL" says the dealer, gold has gone up hnve
to pay much more for the goods hoy OF the whole.
more"
HOW INITIATION FLEEcEs THE LGBORER
30 the worthy labOrer has to pay those higher
prices, for he not wait for better chance like
The rich man; he must buy shoes and clothes, OF
he himself ana his wife and children viii have 10
10 barefooted or naked; he must buy provisions
ior ms family must cat. He consoles himself with
the idea that the peoples money" will make II all
right. After while he discovers that with the
high prices he has to pay for ali his neeesSartes
his wages are no longer sufficient to support him
and hts 30 he goes to his employer and
says: Everything has become very dear, and can
no longer live on the wages you give me. You
must give me more" What is the answer: "Well"
says the employer, "thinps have gone mn because
gold has gone mp 80 much. Walt little, II will
md, you see. in my large business can not change
ny scale OF wages every time gold goes up or
Town" He omlts, however, to add that he has
been very quick I'm marking uD the prices OF all he
had 10 sell as soon as the upward movement com
menced. Tho lnbOrer shakes his head, but sub
mits for the time heIng, hoping for n favorable
change But things do rot come all right again.
Prices rlse still higher while hts wages remain
the came. At last lie finds bis situation unendura-
BILE, and. combining with his fenw.laborers he
loudly demands higher pay. The employer yields,
or rather seems to yield Gold and prices have
gone up thirty or forty per cent, and he grudg-
ingly consents to increase wages about fifteen or
twenty per cent. Ihat IL all he can do, he says,
Tor things are 80 uncertain" In the meantime,
more "people's money" more greenbacks are is
sued, to "make and keep the volume
OF the currency equal to the wants
OF trade" gold and the prices of cOmmodities
them at a respectful distance Meantime, the
lease OF the dwelling Of Our worthy laborer has
expired, and he wants to renew 1t. The landlord
demands much higher rent. Higher remit" ex-
readyf" "Can not help H." SAYS the landlord:
gold and general prices have gone up so much,
aud our money Is worth so little, that must have
higher rent TO get along myself. You must pay
or move" The labOrer has 70 submit, but resolves
TO emaneipatc himself with "the peoples money
from the greedy tyranny Of the bloated landlord.
dollars OF old savings In the savings
bank, and makes up his mind to build home for
himsei ana his family, the simplest kind of lit
tie wooden house OF two or three rooms and a
Kitchen, on cheap little lot In the outskirts For
toward accomplishing that end but upon inquiry
as TO the present prices Of ground and building
material be hnds that since "ihe peoples money!
has been Issued IN Abundance, his own money Will
not go half as far as formerly toward giving him
home. In other words, about half OF the purchas-
ing power OF the real value OF bis savings has dis
appeared. But, determined to escape from the
tyranny OF the landlord, he resolves 10 try wheth-
er ne can not, IN addition TO his own, borrow
money enough TO accomplish his purpose for, OF
course "the peoples money" must be easy TO OBJ
tain at low interest, being "the peoples money"
lIe applies to a money lender for a couple of
undred at low interest. on two or three years
time, TO be secured by mortgage on the house and
lot. Low interest and three years timel" ex-
claims tine mOneYlender. "My dear man, you do
not understand the period. Since more and more
sreenbacks are issued the valus of tho dollar de-
creases rapidly, and If lend you money now on
three yeass' time how dol cnow what that money
may be worth at the end OF the three yearsi Per
haps ten cents IN gold or nothing, and you can lot
pay meinterest enough TO cover that risk"
THE LABoRER's EXPERIENCE WITH RAG MONEY
The worthy lahorer surprised He thought
"ihe peoples money would be cheap money"
But" he asks. "is no money lent out at all"
Certainly" says the meneylender; st is lent
out II good security Is offered, call so that
at any moment of huctuatiOn dan gerous 10
my interests put my hand upon itand take il back
again." 'Then,' pursues the laborer, ''you would
be able TO seize at any moment upon tIie security
give II l can not pay at once when you happen
10 want your money back2 That will never do for
me-" Just so,p SAYS the money-lender "such
loans can he used only by rich men, who can make
sufficient means available at any time. OF course,
It's nothing for the poor" The iaborer grows
last, despon dinghy, sis there way az all to heIp
me and 10 secure ycu in this thngl" well"
laps be way. Suppose we figure out
hat the amount of money you want
IN gold, aud you secure 70 me by mortgage on
your property the repayment OF that sum in gold
and you might have the money at reasonable inter
est" Tie labOrer pOnders. But" says he at
last, show do know how many greenback dollars
three yearsl Perhaps five or ten TO one" THAT'S
true again" says the money.lender, oooly. and
there the negotiation ends. The worthy laborer
begins strongly to suspect that there must he
'omethinR wrong about 1.-The peoples money"
which is to be so cheap for the poor man
But there are more curious experiences in store
for him. The policy OF "making and keepn the
volume of the currency equal TO the wants of
quantities OF "the peoples money!" for tho wants
of trade Instead of being satisfied, demand more
with every new issue. The prices of the neeessa-
ries OF life rise higher aud higher the value OF
the paper money goes down and down: The spec
ulators and gamblers OF the country do a roaring
business. Prosperity develops to such a point
that bnshel OF coal costs twenty dollars and
lsbOrprs deposit Ia the savings bank, once sufi-
cient TO build a little house. will no Longer buy a
decent pair OF boots, and the rise of the prices
OF neeessares always runs far ahead of the rise of
niS wages, ne has been rather consuming what he
mac Ill;tn laying up new savings.
Finally the inevitable crash approaches. The
prudent rich man has anticipated Its coming and
taken bis precautions. He do so, for ne had
the knowledge and the means. But the poor man
~ the victim of his necessities. To take precau-
lions is not possible for him. He is swept along
by the tide. feeling Of dstrust ereeps over the
business community. One day worthy labo-
Ter goes to hts place OF work az usual. "I am
sorry" says the employer who shifts the breeze
there Ia an overstocked market and downward
tendency; am obliged TO take In sail / have but
little work for you at low wages, OF no work at
all" At last the shipwreok is complete. The rich
man Is in tue lifcbOat, the poor man In the break.
r:s. And nothing TO fOat himI
TUE GAMBLER's MONEY-THE DEVILS MONEY
About that time hope Governor Allen and Gen
eTal Cary Will come along and repeat their
speeches. about "tbe peoples money" What will
then the poor labOIer say in responsei Talk 70 me
about your peoples money! II ia the gamblers
munoy the bloodsucker's money, the sharper's
money, the DEVILS money! And it may then per
hlps be wise for Governor Allen and General Cary
und the other apostles OF 'the peoples money!
10 stay away from the streets where their robbed
sui outraged victims congregate. I apprehend
the vengeance OF the poor, which Mr.. Kelley of
Pennsylvania, in this campaign so loudly threat
ened against the advocates OF resumption, might
turn the other way.
Have exaRgerated3 Who that has ever studied
the history OF countries where irTedeemable