The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1877-05-05
THE NATIONAL BANKS.

system, into newspaper article "i reau-
able length, is simply impossible. There
are fatal directions to j. however, which
liz on the surface Of the system, which
suggest themselves to all thinking and %
serving men and these art the ot 'ctlons
II which Ne most frequently hear. But
there are objections % the system which are
not so apparent, which nhcre IN, and are
inseperable from any scheme which turns
"a a class Of men or corporations the great
privilege of furnishing the currency Of the
people. ana regulating it, volume az their
own caprice.
The objections Therefore to the system
are VI tvo kinds, first it, c"stliuess a.
COMPARED with currency furnished 10y the
Government directly Ia the people, ana.
secondly the system IN itself u utterly
and unauaihcdly vicious, beng the d -le-
cation u corporations ~ powers s"Ver 'i-n
| IA their nature and essence; and vase
exercise affects the business Of the co lntry
w MI itS ramihcatious, controlling and d's
pasin. If the products # labor. ard which,
bv their extraordinary effects and influence
cannot '' 'r''''' w. '''' '''''''' wy
CLASS WI "'''' '''''
hr aI''''" ~ ''"'
Tbe exchange VI INV products Of labor
nclrssttttr the use IF money che extent
/ If those. exchanges being beyond tn. iacil-
! i''S ""''" t"'.
1 furnish paper currency Il i''' go
and inevitable fys".l "i ''''''~'''','' ",''
IT Is the result n ''' 'NP'''''''' va, ''-'
volume nj ''.S l'!''' "
'E"'''''" '''"
u"'s ri
! I"e l"''''''' ''''''
'''S i't''
S"''' '''''.''N N
M ""', MINI .,,i.
way "' '''""-'' Wy
money oI '''' ''.'''''
must issue ''''l' ''''
can any '''S,'' '''
money ""''" III ''l'.'''' II III ''''''
man ihe ''her' WHICH, '' 'li' l'''' ~
forms III lhe commerce aug
/ nation, Is SD much more lmP 'r'''' ''''
metal money. should MT also issue from
the government Ehe practice has Al~ay
been. and tt Is une derived from Europe,
and which Is closely interviewer WIN the
European political systems, FIR the GOV
crumeut ta ahdlcate this power Of furnish
ing paper money, while 1t reserves {" itself
thy power pf providing the metal money
to bankers and corporations. ms lrA'-
tee y utterly vicious ana absurd anu III
wolves Consequences which Any "oS'rNah'
man AMI student ~ human 'A''it' " Ia y
to be iustrera"te iF"'" l''' '''S "il'0'' ''''"
distress the labor, INDUSTRY ahu business
a the country "hAl icons are to ''i'
mechanic. what the p''" T. w lle i'' 'l''i'
money ls to Labor ahd \" 4 'in'heIo'- y Il
a serious mistake Z" CONSIDER money "'.
AZ means ot exchanging 'he pi"uu0'7 n
labor lt RI the Ilir' lhe dIPI'''''"h III A.
Dor the means by "hi'h I''"r produces
wealth. Credit i we il4hl arm ~ "hioi
Labor turns the Prairie lh'" "he"' he'us'
orihss mp lh' ore i'''h tue 10
ana p'"lS WIS UT '''''
| Pl''7" 'l'c o''''l' -'"'
country 80 ''''''' -
credit NJ ''le 5'''', 'i''''''-
otcull M ''''
government "''''''-s ~ ''',
I're t"e -'1'i'''h ',N'' ''''
lhS ou' ''l7 '''''"'' '''''''
'h'Iel"' enc '"''' 0''''' w
'.' '''u l''' "''''
i'''',''''7 ''N"
I.Al..,
It'll
'''' CO.. ''''
IVY anu" w 10y '''
.t..
-. '''' '''7'''
''''' -.
~, -. -,
.u,l ~.
l.-.i.l..
'''''''
MT M '''''' '''''''' " ,''0'' = Nh l MI
'''''' '''' -.
o"'ir"'S ! III Till n ''''''',
49, -
7'-'''''' '''''' - i''''' ''' ''''
''''e III