The Eaton Democrat. (Eaton, Ohio) 1875-1903, 1877-09-27
WHAT II WILL Dol

(-|# -
says Pomeroy's Democrat, would
have the following lasting, beneficial
effect upon the people:
1t would unite them in their en-
terprises by means Of the latent pow.
er in an honest circulating medium,
each fragment of which would be
just so much of the Republic.
It would relieve over-weighed la
Dor from the necessity of paying for
the use of gold and silver as no more
effective or durable money than the
legal tender currency of the Repub-
lie.
1t would not initiate against the
acquiring and hording of all the
precious metals that could be OBJ
tanned in exchange for surplus pro-
ducA or contrivances, nor would the
hording of these metals, or using
them for other purposes ever create
a panic in the money market.
1t would give US a National mon
ey based on all the wealth of the ma
ton, the protection of which would
add to the wealth of the Republic
the reputation of which would crush
all alike.
1t would give us a cheaper money
than we now have. Cheaper to use
in the payment of debts. Cheaper
to use in the accumulation osprop-
erty. Cheaper to the people, as they
would utilize their combined wealth
and not be compelled to pay for the
use of the wealth of foreigners as q
basis for money.
1t would enable us to realize to la
Dor more of the profits now sucked
away to enrich dead capital that is
not in use, and therefore of no bene-
fit to the people nor service to the
politician.
1t would place all Of the people of
the United States ON the same foot
ing, leaving the way open for them
to obtain money as they might be
willing to labor for it, and interest
on their money as they kept it in
circulation among the people.
1t would pay the bonds, relieve us
from the payment of more than
100000 900 a year as interest to
those who pay no taxes, and are
therefore strangers to us, as w honor
the Constitution.
1t would give to our money a
standing all over the world, equal in
altitude with the Republic itself,
pave the way to the redemption of
every Republic from bondage to the
Gold Power, and give to Republics
an example and a means for eternal
protection that would result in the
ability of laboring men in every
Republic to so profitable compete
with the labor of an empire or mon
archy, that the downfall ofthe latter
would be only a question of time.
1t would be better than a curren-
cy issued by National banks, which
are but private corporations, as it
would rest every dollar on all the
property in the Union, while tie
National or other bank currency
would only rest upon it's local under
pining, be it of gold, that could be
at any time removed, or bonds on
which the people would be COMPEL
ed to pay interest.
1t would be better than National
or private bank currency, because
none of these can be made q legal
tender, as the Government is pro,
Inhibited from delegating its power tc
create money, even to the States.
1t would make all our money {
full legal tender, and fully as valu
able, at all times, and under all cir
cumstances, to the citizens or tax
payers.
1t would give to the Government
ABSOLUTE POWER over its finance
F and redeem American labor from tn,
support of foreign capitalists, VIII,
boast that American bonds are NOR
profitable to them, than their foreigl
titles.
), 1t would give us to spend in tn
United States the millions that nov
go out from us as interest, so tina
each year we should increase in GU
| industries, intelligence, happines
and power, and soon have our Ma
, tional floor covered with metal tina
other countries would throw at GU
feet for surplus wheat, rice, sugar
l tobacco, corn, cotton, cattle, cheese
machinery and munitions of war tina
J, are now sold for the gold that W
$ cannot keep in this country till W
, destroy or burn the bonds. pay ther
in legal-tender greenbacks, and sTo
this wicked drain of that interes
which can be kept here as profits
American labor.