The patron of husbandry. (Columbus, Miss.) 1875-1883, 1879-09-20
GREENBACK -SPLINTERS S.

n LIN 1ENS.
When money is plenty the people are
prosperous and happy Contract the cir
culating medium, and the reverse is the
result. -'S>.
Specie-basis money produces a crash
on an average of every six years Down
with specie basis-up with entire wealth
| of-the nation basis .'-
1t viii take the whole farm to-day to
pay one-half the purpchase money for
| which it was mortgaged in 1873. Con-
| traction did it. Expansion alone can re-
store the value.
No greater delusion ever existed than
that one which supposes it necessary that
money panics should occur periodically
The remedy will be found in the adoption
of the National Greenback doctrine
The unreliable nature of gold and silver
as money may be estimated from the fact
that in no instance has it met the expecta-
tons of its friends during any financial
embarrassment that has occurred in bust
hess circles during the last 200 years
| ~ Gold is too lazy aud aristocratic to work
or fight, and paper money convertible in
to it is of the same character. In all the
history of the world the working dollar,
the fighting dollar, like the workman, and
and the fighting man, has been too dem
ocratic to be on par with its aristocratic
neighbors. = q" a.|
One of the most successful means that
has been employed to impose upon com
mon sense is the aboninable relic of bar
of gold ind silver was a sufficient basis
for the security of an unlimited issue of
promises to pay in paper. 1t is matter that
needs ventilation.
az. y OF to exceed one-half of the laboring
element of the country finds full and
steady employment, and that at prices
which barely sustain life, leaving nothing
for education, or old age; and still we are
told that we need no money, which alone
can bring higher prices and better pay.
The public credit has been strengthened,
during the last ten years, by 1905 900 bus.
iness failures. by loss of $4,000, ,ooo, ,oco
to debtors, by the shrinkage of national
wealth at least SIS, ,ooo, 100000, by the de-
FVelopment of 100000 tramps and an i'm
Enlense army of beggars criminals and
idlers.-Ierre Haute Express, 3.''- to2
- We have had resumption for six
months Now how much gold is there in
your pocket? Are you got enough of it
to Strengthen the public credit" Are
you paying off your mortgages easily?
and paying your taxes without trouble?
But if you haven't any gold yet, then what
good has resumption done you? They
said they wanted gold for the farmer and
laborer as well as for the bondholder. The
bondholder gets his solid gold every three
months How often do you get any?
Don't it look as though the people had
been humbugged?- Portland Ne. Lead
Immediately after the close of the civil
war in 1863, when the country was sup
piled with sufficient currency to transact
its business without embarrassment, only
$40 business failures were reported for
the year. The succeeding decade showed
by careful estimate an annual increase OF
| ST. 900 to $1,000, ,OOO, 900, aggregating not
| less than SIC, 900, 900 for the ten years
ending in 1873. From that time until
| the villainous scheme of robbery, demon
mated resumption" was consummated
all of this vast accumulation of wealth had
been swept into the pockets of the mon
/ eyed power, leaving business PROSTATE,
the roads lined with tramps, the prisons
l'flled with criminals, the streets with
wretched beggars, ,and the labore1s houses
1 with want and woe. One hundred thous-
sand business failures occurring during the
1 same year attest the enormity of the un
/ godly crime.
s,The following incident, which is act
Flia1,i illustrates the effects of contraction
upon people who depend upon the banks
for money facilities, as also the method:
1 1'by which profits accrue to the thieves wht
| manipulate its workings. A Mi. b. be-
4 came the purchaser of a house for which
The paid $4,000 down, leaving a balance
Pdue with lien upon the premises of $75,
900, secured by bond and mortgage. Th,
accruing interest amounts to $500, taxes
| ST. 900 more; his business failing, he can
not keep up his interest, and offers tn,
premises back to the former owner, will
ling to loose the $25, 900 and all other sum
hpaid in. This does not suit the Shylock
fwho forecloses for the purpose of buyins
in the premises as cheap as he can, ant
holds the unfortunate debtor and his Sc
Icurities for the balance. The premises ar
4 sold, but bring only 10000, leaving th'
/ snug little sum of $4,000 to hang like
i nightmare over his future. This is but on
{ of thousands which are constantly occur
ring, and furnish a sufficient argumen