The Weston Democrat. [volume] (Weston, W. Va.) 1875-current, 1878-05-25

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as follows:
Tho policy Of The good Magistrate
consists in keeping the money Of the
nation, if possible, still increasing
because By that means be keeps alive q
spirit Of industry. nnd increases the
stock Of labor, in which consists all
real power aud riches. Accordingly,
we find that in every Kingdom into
whicI! ,soucy begins to flow in greater
abundance than formerly. every thing
takes n new face; !aboT and industry
gain life, the merchant becomes more
euicrprising, the manufacturer more
diligcnt pnd skilGul, and even the far.
mer follows bis plOw with greater alac.
rity aud attention.
ION tue other hand, nation whose
money decreases is 'actuaIly at that
timc wGakc; aad moro miserable than
another nation which possess NO more
money. hut is on the increasing baud.
The workman has not the same en-
ploymtut from tho manufacturer and
merchant; the farmer cannot dispose Of
his ccrn and cattle, though he must
pay the same rent to his landlord.
The poverty aud bcgsary which nlas'
cnsua uEc easily forsseen."
The present is the fourth time IN the
history OF orr country, during the past
sixty years, thu, the people have sui
fered BY financial pauic and industrial
distress. produced by contraction in the
volume Of paper money, for the pu !.
pose OstcusiOIy Of realizing specie pay
mcn,s; but in reality for the purpose
Of rObbing the mass Of the people Of
their property, and giving it to the few
already possessed Of NOR than their
just share of this worlds goods aad
money. by allowing this power Of
making or coming money, which. un'
der the Constitution, belongs solely 10
tho general government; 10 be con.
trO!Iel or exercised BY Irresponsible
individuals or corporate companies. who
could at their will regulate the volume
o. money issued; expanding and con-
tracing at their pleasure; i, would
then DO but question of time as ,O
when these irresponsible parties would
own all the property aud have oil the
money in the country. There would
then Indeed. 10 the landed aris,ocracy,
Or money oligarchy, and tho mass o.
tho people be sunk in abjeqt pnupcrism
Yet this IL whit we are threatened
with by this Money Power. To what
purpose was tho colored slave freed af.
ter sach on immense sacrifice OF blood
aad travail, il both the white and eel.
Orcd laborcr are now to be spnl; to the
lowest depth Of sersilc condition
The Banks have almost entirely Scascd
their accommodation to the public, and
even TO their favored customers, in the
way Of discounts ard loaas so The
people arc being taxed, 10 have banks
that will aFyrd no relief 10 a suffering
mud outraged community. 1t is 10 bl
presumed that these banks are prcpar.
lug 10 take advantage Of the sacrifice
Of property, which they arc well as
srrrd must come on or before the Isl
VI next January. The commercial
failure, uuto!i suffering and Gistrcs,
yet TO comc before that date, can onlS
DO estimated by what has already taksr
place Gincc 1873. The Commercial
Agency Of Il. G. Dun & Co., rcporr
tho number Of business failures III the
United States from January lst. 1873
to January lst, 1878. period Of five
years, to be over thirty.six thousand
with liabilities amounting 10 more
than niuc hundred md sixty.six aud Q
half millions Of dollars. The same gu.
thOri'y reports for the first three
months the present year three thou.
saud three huuurcl and tifty.lvc fuil,
ures. with more than elghty'two mill
ion dollars Of liabilities total in GvC
years and three mouths Of 81 OBS
500, 900; aul still they continue on NJ
increasing scale rs the fatal period o
resumption approaches, Surely i
would be an act Of great rashnc& or
the part of any man who understood
the present situation Of the country fl
naucinIly, to c'ubark in any tradiu;
or manufacturing enterprise, Iu .hI
is to be iound',hc explanation Of VII,
factories, furnaces, mills. mines, work
shops, ship yards and wharv's. stan
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