Lexington weekly intelligencer. (Lexington, Mo.) 1871-1887, 1877-11-17

ertinc or mercy to II coward. MLhr t!.,
bonds ot the government PAYABLE IN.
grcenbacks as was designed. ;t> t"o, the
law repeal III" int;tm"us strengthening
act of 1869. by which all bonds are mad,.
payable in coin; rcmOnctiIc the ,li".I
dollar. creating III" bI-m"Iul.ic standard
of gold and silver ii 4 fixed ratio "i ,ali,
say j. : To- without l,uit to th,.
coinage OF either; diNplacc. IT. >"on a.
practicable. matluma. bank uotr--wi;h
"GrccnbaCkS make them receivable
tor all debts. ducs-pubijc and T. iv:,t,.
discrimination upon the part
OF the government against its own money:
repeal all protective tariff laws; Issue
such an amount Of that money u, MI.
be commensurate to the demands OF or
country, and then place the power yi
the potential supremacy over thai
amount beyond the control OF any sccre-
tary nt the treasury, to contract or rN-
pund a. party or individual success may
suggest: and then, and not uHtl. then.
will plenty and contenlmcnt dwell in
Our midst. 1t will take time to DO III.
tins "Rone Was not built in 4 ia,
Evils. the growth of wears, cannot Ice up
rooted without patience, skill, work. en-
cry. Many brave hearts will sink IN
de5pUnicncy before the dclivcrau"r
COMES, but come II viii. at.d il viii
bring healing on its wing, and vii. hr
10 the wasted and worn as the >ilad"w
of Il great rock in weary land. Be
side unwisc legislation. thcr" are St;ttr.
county and individual rXtravagaHce~
which have brought them sorrows. aud
which should be rcprc>scd with j deter
mined will These are, To a .nr@c "N-
tent, the "utgrowth OF tn" times Gus
toms and habits into which our prup.,.
fell during and Immediately after In"
war, when everything aud cVeryb bod.
Were swept along III the trubuIrnt cur
rent of speculation, dissipation an"
Extravaganza. such times often MATT
men rash and Incorporate ae spjrltu"U-
liquors Those days are over rejoice t"
say, Vet they lett upon the body polite Il
disease which aided in the prOetratInn Of
every enterprise in the land. and We .trc
to-day passing through the last stage
OF that disease into tu.i health AMI pros
perity. Rigid economy in state county
and individual affairs will greatly i;triti-
tate the coming OF that time ami bring
relief to the disturbed mind. There uT,.
also great channels in which the govern
nemt can move Its-lileg giving pu"rrs.
Money i, abundant, a> Is cuntrudrd hy
some, but il Is locked up in bank vaults
or turned into untaXed bonds. and il Is
issued only iii gilt edged paper II al
enormous percentage. and mighta- We
be in Africa As tar aS our people n" cot
Ccrmcd. Wheat, cUru and other farm
products are piled into bursting barns
OF the west because they lose more than
one halt their value in being Spnrtv,.
to market This should not hc the case.
Our corn, wheat and cattle are wanted
III the east, and in return rnr people
want their manufactured Industries.
There should be 4 cheap tran, pultItIpu
for such exchanged articles the quIUll-
ties 50 bartered would then compensate
Tor the diminished charge, The yry-
rrnmeut should furnish reader nu,!
cheaper means OF exchange between
the sections ui the country: should uii,r
simple means OF h"lnc~tcadiug t. il,
poorer classes. should stop 1T unc- ia,
murdrrou> policy ot contraction that
has made millions Ol bauhrupt~ tI,
hcgTars destroy no more grcruhapk-
but letting them 20 uut from Tia" irru~U
~ vaults into circulation upon such rn
t"rpri~es ~ wi. open up every niturJ
cRaunc. OF commerce in the cuuuir,
thereby atturding 10 the merchant au.
the tarGncl-the produce ami the cnu
Numrr-an open and cheap way To- tn,
markets OF the world. The inquiry j.
made: How are You going /" got til,
money ont of the treasury? II puur,,
out in 1873, when the rich banks 1l New
ork demanded it; why not now WA,i
the poor ol the west demand it In,
grccnback> are to-day the best money !.
existence. secured not by piles ot 20.
IN bank vaults. which thieves Cou.,
steal, but by the wealth Ol cuutuvn
which cannot be stolen. For The r.
demptIon Ul this paper. the nation Ia:
pledged all il has, all 1t hopes tor in til,
future, il. born and unborn generations
their lives. their fortunes and th,i
sacred hunors." For the par-va.ur C
this money, there is pledged, not onl,
the national domain with the country
faith and honor. but also the rriyat,
property of torty-iivc millions OF people
whether it be his farm. his dwelling. hi
factory or stOrchOuse, his ships on III,
sea, or his treasures on the shore. all al
are pledged TO make this currency
as good as cola. rs "hard re-,
gold" as Mr.. Benton used I,
call to the man who holds it
With the recoinage OF the silver doIIa
which was deiruudcd out of existence
by 4 miserable baud of spectators. an,
making treasury notes receivable 10
ali dues to the government, the green
backs would he like the bank OF Eng
land notes. which to-day have a premium
in New York. and As our exports now
exceed our imports. they would a.waN
be good tor the coin To pay the intercs
or principal OF our bonds. AT this poim
another pertinent cause of the country,
distress presents Itself, which should ID,
mentioned, rs it is Il patient, piOdding
ccaSclesS vampire sitting upon our pcu
pie sucking the very life blood tion
them-i mean that OF interest. Th,
amount So paid is simply enormous.
present you facts and figures previous
prepared and used The national gov
erument owes $500. .OOO. 900; the rail
roads owe 81 :,OO. .uUO. 900: the states an,
cities owe 81 .nnD. 900. 900. We owe ta,
national banks $3.50. 900. 600: privat,
banks %!iju. .OUn. .0Uu; we owe On mort.
gage securities s., 600. 900, 900. ",
owe on private debts. notes. book ;c.
counts. etc, Il few more thousand mil
lions. Tins total Indebtedness is simply
appalling. 1t is ruinous. yes. NOR,
runous to the man who imaginc> he
does not owe a dollar than To the debt
oppressed man who is in liopc,"~s de
preston Some tInancirrS estimate this
total debt ut Sli.Uuo, ,Uuu. 600; others
Sl2, 900 900 .OUu Nearly all this lnGrhl-
ehnrSs bears interest. Some is moderate.
but most "i it high, suppose it /" be
ten per cent. Here is an annual cEar"e
OF 81 GOO, 900. 600 per year. which labor
must pav. Say the interest was even
81 per cent The annual interest paid to
thnse who loaned this money i ; .u'n,-
600. 900. This amounts 10 50 per head
OF population every year. Labor pays
this Hence low wages The thiCaw"
lltrr-Ocean not long since had IN arti
Gle on that question which is of great
force at this time. an extract of which l.,
as follows Il think 1t safe to estimate
the amount of capital upon which the
industrial classes are paying interest
outside of the national debt 5000
0Oo.o Eight per cent. on this sum
would give rs the annual cost OF capital
500. 900. 900. Add to this S:i6 ,:Ii&. GOO.
being the amount paid to the banker by
way of interest on the bonds deposited
to secure redemption oi the currency.
and YOU have as the anuua, cost oi their
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