The daily gazette., 1878-01-31

suh~o of the war. Because Ia no other
country has such result followed the
termination OF q war. Consequently we
can justly conclude that IL has resulted
from az erroneous system of legislation.
Ana that erroneous system was the T.
nancial system. The maintenance of two
money values In the currency, one for
the e"notables," or bondholders, and one
Tor the people, worked destructively for
the interest Of the country. 1 believe I am
correct when ! say no other nation ever
attempted system of this kind and lift
ed Itself above calamity. si tn
me iaiiacy Of the assertion so Justify
shouted by some extra patriotic souls
during the war that q national debt Is a
national blessing, scarcely needs an argu-
ment 70 disproye, but ! may be pardoned
Tor Offering an illustration:
Ten men set about to work certain
piece OF land, and each Of these
men do their just share of work.
The next year, hswever, aby some means
one OF those men have managed to Qet
rid OF his share Of the work and imposed
1t on the othcrs, he became bond holder,
and the other nine men had to do the
work. " Ia evident that each man will
have to do as much and one.ninth more
labor than he did last year. Perhaps by
. few more years four Of the ten men be-
come bondholders, and thu six msn will
have TO do the work that the ten men did
at hrst, because this piece Of land mast
keep these ten men, and tue six who
work must pay f0ur-tonths of their gross
earnings, made when the ten worked, to
the -four b0DdhoIdsrs. The result OF thu
system Is evident; those six VINO work
the land must work almost twice ~ hard
~ taey did the hrst year to get for them
selves the same comforts they had then.
first year the SIX would get from the
land only sixty per oent. OF the amount
for the first year, and ~ they would 10
compelled to give forty per cent. OF
their earnings to their bondholdsrs 1t Is
clear that they would get but one third
tor themselves OF the comforts reached
By them through the labor Of the f1rst
years operation on this land. The
tsxes these men had to pay TO their
bondholderA are the taxes, the non-bond-
holders Of this country have to pay to the
bobdholdsrs, only the burden Of the ma
ti0n Is not quite 80 great. u.UNr Jb :
Now II these 81 laborers had to receive
\ depreciated currnoy for the pound OF
butter, and the bushel Of pot atoes, and
the sack Of corn, or the few Vegetables
which they sold In the market. aud pay
to their bondholders an appreciated
currency, IL would be evident that the
burden VI the laborer, already heavy,
would be- still greater. i'h -
II being evident that we must have
coins made both from silver and from
goit, IL Is necessary that these coins
should be made of equal value, and as
no sensible conception of honor would
REQUIRE the farmer to pay the land holder
wheat, when he could pay in corn, neith>
N does our nations honor compel US to
pay gold at the appreciated value which
II has reached under the pressure OF the
capitalist Of RotteI dan, Brussells, Berlin,
London and New York where silver will
satisfy any correct sense Of horror, .,.
In tue market Of New York the silver
trad p dollar Is quoted at 95 cents when
the 40 grains OF silver uhioh 1t contains
II run In TO bars would sell for 1902 cents.
The absurdity of this is apparent toevery
one. Capitalist are urging the denone-
tizaIion of silver, for what purpose? To
beneht the publicY Notat all Capitalist
are not sentimentalists. They urge the de
Inoneuzation of silver for the simple
reason they think thereby to make bet
terlresults froin their capital, aud the
debtor class, which In this country con-
stitutes the large majority Of small opera
tors, advocate tto remoneti zation OF
silver thar they NAV be able the better
to avoid paying so much tribute to capi-
tai. This Is the whole matter In nut
shell, and IL remains for the people to
say whether capital of hbor shall be ,
master. JAS. A, b. DILwoRrH.