The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-07-25

Total in twenty.seyen States South
and West and the Territories, ....:: 16.070l44
These figures are taken from the official report
of the COMPTROLLER of the Treasury. They make
the shocking exhibit that little New England has
three times as much circulation as all the fifteen
Southern States. and about IS per cent. more
Territories combined.
Wise administration of government would pro-
tect the people against money and monopl1eS.
The latter are always able to take care OF them.
selves. They need no protection at the hands OF
f from tber encroaehments The most detesabe
of all despotisms is the despotism OF money.
The monarch knows that the perpetuatlon OF
his family depends largely upon the content OF
his people, and that to be contented they must be
comparatively prosperous: His constant STUDY.
therefore, is to SO conduct financial analrs Inat
money shall be cheap and labor remunerative.
Money knows no law but one OF extortion; ana
whether its demands be wrung from the blood OF
the people or filched from the contendng factions
Of the rich its mercless thirst for more is never
Observation-Disclosures on the alert for victims, the
bIood-stained battlefield is its paradise and the
moaning of the widow and the fatherless its con-
ISOLATION. 1t needs no protection Yet the GOV.
eminent has reversed its duty, and instead OF
egsatng for the people and their II
for railroads with watered stocks. who charge the
people for transportation double the cost OF con-
struction for organized rings to reduce the value
Of the products OF the farmer !; for stock jobbers
and gamblers who speculate on the mlserles OF
the people.
has over two-thirds of the entire bank clrcula.
ton; own large majority of the bonded debts OF
the States of the South and West and the coun.
ties of the West which issued bonds for railroad
purposes. There is scarcely county in the great
State OF Illinois which is not greatly IN debt py
bonds issued for railroads. Those bonds followed
the money of the country, which being IN the
East found market there and the people OF y!
LIMOS are not only paying to the eastern capital
ist the interest on those bonds, but with the
people OF the South. are paying to the nationa
banks of the East per cent interest in gold OF
their United State bonds to the amount OF $3.50,
| 600. 600.
Well may the East. with one foot on the South
| the other on the West,with one hand in the pock
| ct of the South and the other in the pocket O
| the West entrench themselves behind their mon
ey bags, and the bonus Of the Western States ant
| counties, and their iron vaults and exclaim wv
| want no more money" Well may they sir, whel
| they have two-thirds OF all the money OF Tn,
| country and mortgage upon the lands OF Doll
| the other sections. More currency would enaDl
| the people to raise these mortgages and pa.
| their debts without having their land sold unde
| the marshals hammer, and save their wives ant
children from being turned out of home to butte
| the peltings OF the ''pitiless Storm" dependen
| upon the support of a cold and uncharltabl
| world. This, perchance. might render the non
| ey and stocks OF the East less valuable to them
hence they oppose an increase OF the currency
| let the consequences be what they may to others
Patent and glazing as is the injustice which
| have pointed out, still more SO will it appear Il
another aspect which shall now present vii
| for illustration run parallel line between IN
| own State (Virginia) and New England.