Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1878-06-01
VIRGINIA FREE PRESS.
4. \. &E. Y. B. GAILAHEl. EDITORS.
,harlestOwn, JeFereon Co., ". Va.
OFFICE IL JEFFERSON BUILDING"
Saturday, June l. 1879.
DEFERRED ARTICLES
From The Netc Haccn UHon
THE GREAT MONEY POWER.
The Enormous Tribute it Exacts from
the People.


TO me Peopls # tie United States
You have little conception Of the fraud that
has been practiced on you by The abuse and
pcrvcrson OF your great sorereigH money polrer
This qr5dt poWcr was created by you f0r the
purpose Of exchanging your lnbor and the pro-
ductions cf your labor; but it has been per-
verled into an enormous engine Of robbery and
oppression Il is in iact-pcrveried ms It has
been from the sole object Of its creation. 70
wit, an exchanging medium-a deadly and de-
strnctivo power in the hands Of avaricc, usury
and fraud, and the sole cause Of the present
depressed and periIous condition Of your ruin
cd country.
What is money? 1t is po'cer simply p0Uer
What power, whose power, and how created
or constituted II Is the cooperative power Of
tho people for the sole purpose Of exchanging
their labor and productions, as above stated /;
and II is ongendered and brought into eXis-
tence simply by their agreement with each
other that each Of them will take tie stamped
token Of their cooperative money iVIrcr for
their labor and the productions Of their labor.
Nov this coOperotus pofrer. and simply be-
cause IL Is power, may bo gearcd and hiiched
30 sny matcrial. Is matters not what. The
po,ccr Is the primary ,hina and tho material is
secondary. This co0perdtirc p0ner mny be
expressed and stamped 90 choap material as
paper, or on costly onc os gold but !: mat
tors not which, for the power Ia exactly the
sauo. Il had better be stamped 90 the cheap
material, paper. because then che exchanges
sill be cheaper as Il Is cheaper 90 measure
vi!h hickory yards,lch than w!sh cne Of gold.
THE cooperative power Of the people. .hIs
sovereign money pOwcr-shoud be Retained in
their own hauds, and never, 10, never farmcd
out 10 corporations and banks Ard here, let
us sec the difference in cost-the immense
diGcrcuce-wh the exchanges arc made by
corporations aud by bank notes as now. and
when tie exchanges shal, be made by treasury
notes or greeubacks-as ihey will be and should
bc-and issued directly hy the government to
the people.
The annual productions of the United States
are ten thousand millions Of dollars in worth.
The banks now exchange these productions at
the rate Of ten per cent on the average. Ten
pcr cent. on fcn thousand millions, would be
ono GousGnd millions Of dollars This enor-
nous tax-cqual to one-balf the great irdr
deJt-is paid by the people Of the United
States % a mouied oligarchy, when refining
their oyu money power in their own hands.
aud issuing Treasury notes. or Greenoacks,
they eau effect the same exchange Of the ten
thousand millions Of products at one-quarteF
or ouc-half Of one per cent, instead # ten per
cent ! Nay at mill or half mill, on the
annual products
Only think oft, people Of the United States,
that you are now paying one housandmu'oHs
Of dollars, year after year-that Is annually
10 effect the exchanges Of your annual pro-
ductions. wkcn you, y0urseces, issuing your
own money, can accomplish the same ex-
changes, FOR just what It costs to stamp your
otsa money! aud 10 distribute It
Think farther, that you can effect your ex-
changes for cGsG-.tor mouey-which cannot be
inflated any more than tie deeds 10 houses aod
lands can be infated-when, on the other
hand. the banks effect their exchanges by
bank notes. or hank credits. which can be IN
Hqtol and contracted, ca1sing crises md con-
yulsions every eight or ten years, and thus
putting al your labor and property at the
mercy Of their corrupt gambling and fraudu-
lent specula'ions
Think Of this aud cut loose, at once, from
all partnership with them. Take back into
your own keeping your olrR money P0"e1', and
DO your oirn exchanges on your oarn account
Your o,ra moneyis thousand fold better than
their bank credits or bank notes. Your cash Is
better than their credit. Relieve your
selves Of this annual tax Of one thousand NIL
lions or l,Ilars TO this hateful money oligar-
civ: for two wears Of this tsX, paid 70 them,
viii nav off your war debt, and the country
would be restored to is old prosperity.
JSo. A. THoNsoy,
Of Summit roiCt, West Virginia.
WAsRrSGToN, April %, 1878.
p. S.-Now, you may ask, how is this thing
n be done. and who are 70 DO II answer,
Lv the instant repeal Of the resumption law,
and the final abandonment Of this fallicious
snecie basis or convertible system. u has
always failed. both in this country and in Ing
land and wherever It has been tTiei. and viii!
fail acain Whenever and whercgc: tried, ana
i in fact. and ever has been, only "lie' aud
"f,lse rrctcnce" for swindling and speculation.
and lastly as the final resort. "snspcns'oH ~
A 70 who arc to DO t. say Congress. and
this very Congress, and before i adJourns.-,
Lot this Congress obey tie in5unct!ons and
wishes Of the people promptly and establish
an american system Of finance, an independent
system. and under Surveillance 10 no nation on
10 elnbc The people must have relief this
Congress must act or face aud he fespohs'O'e
for c9ass ,ucnces that may shake the soid ioun-
iatiors 0f law and order j. 4. T.
Fi,lteen persons were lost by tie caPsilioe
. %