The Jasper weekly courier., 1877-09-21

lvldual, u WAS kept M circulation. Now
that we lave a scarcity, Il j. locked Up
VII The vauiF- Of the rich. Take soldier
who can easily march twenty miles a
day with lis accoutrements upon his
back. Siarve him till he can just drag
himself five. with the utmost exertion.
TO SAY that he does not need more food
because he does not use the strength lie
has, would be as sensible as to say that
the business OF the country does not
lneed more money. because. in its dying
coudition, il does not employ what there
Us To make the strength Of one OK
available. another is needed
As The evil was brought upon us by
the action Of the General Government,
the people look 20 the General Govern
ment for its removal. Ii should
l. Remonetize Silver. The act Of
Congress making silver no longer a le-
gal tender, was passed by stealth. The
people knew nothing oi il. II not done
by mistake, il was a stupcndous fraud.
Ii done on purpose, it must have been
done in the interest OF the bondlolders.
This law should be at once repealed.
The idea Of gold basis for currency
lie legal fiction, which never was real
lied and never will be. There u not
gold enough To meet the demands of
business. Ia the best OF times. when-
ever the banks have been generally call
ed on for gold, they have always sns-
pended. The Bank of England the
notes Of which are current throughout
the civilized world is not upon gold
basis. OF its eighteen million pounds
sterling OF circulation il Is required by
law TO redeem in gold but four millions.
Fourteen millions are secured ~ the
Icredit OF the Government. The proper
basis for currency is property, aud not
lgoid. The Latin word for money.
lPEcrxrrM, from which comes our word
I.pecuniary," Is from PEcUs. herd.
which the money represented. The
figure or an OK was first impressed upon
'lcoins. sheep or an OK has an Intrinsic
'lvalne gold has but little. Iron has
lmuch more Intrinsic value than gold.
when Captain Cook offered the savages,
Ifor certain quantity of provisions, 4
.lguinca. or nail. they wisely chose the
-luail. For the nail was Of fgreater service
l6o.d i of Use chiefly MS an ornament,
iis value j. almost wholly fictitious. "
I lis derived iro,E common consent rather
: than from the necessary uses to which il
can be applied
4 In that higher civilization which wg
seek 10 promote. Ia which the ornaments
Z lare the virtue Of the soul. gold loFes IL
nlvaluc. But money based on property
represents that which warns ana feed
Rus. The attempt 70 bring our currenc,
: sInpon gold basis i not only visionary
! but it works
II GREAT INJUSTICE
TO large and worthy class OF our peo
\ lplc. This includes the large nunbe
who have bought property and paid fo
! liz in part AT prices which il was woril
slwhen the government made cnrrcnc,
o'labundant. Thousands OF homes wer
y pp.. Aased in every city and all over IN
couutrv under these conditions. Now
I 10 compel these people 10 pay their debt
Y In currency so scarce that their propcrt
:. will not bring. in this appreciated cur
! rcucy. only from onc-half 10 one-quarie
OF what they paid for II. Is IN act Of III
lgrosscst Injustice. Thousands in thi
III way are being turned out homeless an
clnciIniless. Take an illustration whic
Gnds IT, parallel in every business circle
A friend was in The tanning business
/, first a. clerk. then partner. then propr
cior. lle understood his business: ws
industrious. temperate, aud frugal. Fc
Wears he prospcred. lie employed col
stantly two hundred men. Four yeal
y ago. al a fair estimate. he was wort
ctwo hundred thousand dollars. II
\: ,:owned two large tanncrics. for whic
g he gave fiftv thousand dollars. II
y ishomcstead cost twenty-five ihousau
y dollars. lie owed on his tanneries All
Y, fixtures twenty thousand dollars. III
~ panic came on. His customers hegs
~ TO fail. Payments grew more diiiicu
~ Stocks declined. To bridge over.
r-lraised ten thousand dollars bv mortgs
O. ling the homestead. But matters kc
y. growing worse. Skill and industry ~
i,,cconomv availed not. The tanncri
20 were sold on foreclosure for one thousal
TX dollars each; and Judgment entered I
" the balance! The homestead went
81 ten thousand dollars but the purchas
cannot resell 10 Get his money; or rc
~ TO get his interest This. in its gcncl
w outlines, il the history Of thousands
~ the most active and energetic. Contin
!, VI 10 tighten the vice ard il will be |
mc history Of tens OF thousands more.
a;i Who. but the dcprcssionists. can (
-. NJ to see that IL Is as unjust to compel |
80 80 people 10 pa, their debts In an appre
~ &c aicd currency as It would be 10 pay
i bondholdcrs in deprecated currenc
lis the whole machinery Of this Cove
~ ment 10 be employed mainly 10 give
If Shylocks their pound Of flesh?
nd Q. Abolish the National Banks G
ow rcpcy. This pcrhaDs cannot be done