The People's vindicator. [volume] (Natchitoches, La.) 1874-1883, 1878-02-09

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to the people, and indeed to four
tifths of Congress itself, as the pres
ence of a burglar in the house at mid
night to its sleeping inmates. The
silver dollar was eliminated from our
money system under cover of false
pretenscs.
Mr.. VOORHEES, proceeded to show
that, of the entire trading and COM
mercial populations Of the earth, more
than four times as many have chosen
gold and silver together. The labor
ing classes desire money to hc plonti-
full, while those who wish to fasten
their idle wealth upon the productions
Of labor cIamor for scarce and dear
money. 1t was in the interest of the
latter powerful class that silver was
demOnetizcd.
lie referred to the act of January II
l674, for the resumption Of specie
payments, and said the law of Fvbru.
airy. 1873, taking away silver money
from the people, and the law of Janu-
AIRY, 1873, fixing day now less than a
year in advance, when srecnbacl>s
shall also perish, are twin m 'nsters of
evil, born Of the,same parentaye, and
linked together for the destruction of
all money save gold. Ho wildly por.
traycd the effect Of snch legislation
unOn business and labor.
The speaker next turned his atten
ton to nationel banks, and said the
system Of national banking now in use
is the most elaborate aud complete
scheme for making the people pay
t,ibnte to wealth, in order to obtain a
circulating medium, ever known in
the financial history of the world
There is not a dollar in the hands of
the people on which they have not
paid tax for the privilege of having
it put in circulation by the Govern
mcnt. The national bank is the mid
die man between the Government and
the people, aud is enormously paid
for doing what the Government ought
directly to do itself. On Oct. !, 1917,
there were 1850 national banks, with
resources amounting to 81 ,74l 200, 600
and on these resources the interest
paid By the people was $4,000, 600
per annum.
Mr.. Voorhees, said he represented
those who demanded.
First-The restoration of the silver
dollar exactly as it stood before it was
touched BY the act of February, 1873.
They desire that it shall have unlimi-
ted coinage, not fearing that it will
become too plenty for their wants,
and that it be made full legal tender,
believing that it is as good now will
which to pay all debts, public and
private, as it was during eiShty-one
!. years of American history.
Second The repeal Internationally
of the act of Jan. II, 1875, compelling
the resumption of specie payments il
, January, 1879. Holding that tho
question of a return to specie basis fo
, our currency should be controlled en-
tirely by the business interests of the
, country, they do not believe that thu
country should be dragged through
depths of ruin, wretchedness and de
! graduation, in order to reach a gol<
. standard for the benefit alone of tn
! income classes.
= Third-That the national banking
= system be removed, and Il circulatin:
~ medium provided by the Government
% for the people, without taxing then
- for the privilege of obtaining it, an'
= they ask that the amount thus place.
' in circulation shall bear a REASONABLE
and iudicious proportion to the bust
- ness transactions and the population
, of the United States.
~ Fourtl-That the currency author
- lied and circulated on the autholit
Of the Government shall he made lie
=, CALENDER in payment of all debts
, public aud private, including all due
" " to the Government, we'll KNOWN
i thatlit Will then be at par:with >golt
~ or more likely at premium over it.
C Fifth-The repeal of the finance;
- policy of the country be framed per
% inanently in their interest; that the
~ shall not be Disseminated against !
10 future legislation, as in the past an
10 that their prosperity, and not Il!
- - mere growth of income to retire cap
~ talists, shall be the primary duty
-. the Government.
y, In conclusion, Mr.. VOORHEES, quote
, 80 from articles Which he had noticed
- certain Eastern newspapers in rega,
. =. to the rights of the bondholders, II
. duty of the laboring classes, and Il
o. policy that should be pursued by ca
IT, italists to counteract the effects OF Al
-, ticipated legislation ON the silly
" question, and said: Fl
&c ."Sir, have no word of menace
VI ~ inter on this floor, but III behalf
"a, every laborer and owner of the 81
~ whom represent, warn all sncl,
~ value their investments, that VIII
u: 10 these doctrines of dcspotism a
." ~ sought to he enforced this fair la
. will again be conyu|sed IN agony, a
- the fres of liberty will blaze for
~ >" again as they did one hundred yea
"a ago in defouse of the natural rights
=; = man. [Applause in the galleries.
w W. May the wisdom of our fathers a
~ the bcnignity ofour God avert su
~ ~ an issue; but If it shall come; if inf;
30, 49, uatien has seized our hearts, the
al suit will only add one more insta!'
w. to the long catalogue of human cr'!
wv and folly, where nvarice, like am
"" ton, overleaps itself, and in its uni
So " attempt to rob Others of their y
a. g. sessions, loses its OWL" lGreat q
10 pIause in the galleries.
for -.
lot What this country yearns for n
IAh L., Il ~ s&1k Ss