The patron of husbandry., 1879-09-13

By way Of argument. will take retrospec.
tive view and approximate the losses sustained by
the people occasioned "a. .,s..tl ~0at,ers
have been managed. We Il. I..-.u nve In 4 pro-
gressive age: all ages are either progressive
Progressive. We will first look at Gey- Ta.tso.,-
war with the L. S. Bank. yheEl eEl li,e ,yi,bdre.. g..
government credits from thai bank and gay. ,t.-
to the State banks This producea . rivalrv h.
tween the banks and flooded the country .;,i =.
per money Prices OF property ran up e,ar.
mouslr, which created a speculative mania anono
the people The bubble burst and the hard M,
ney nania took possession Of The governmen,
The collapse almost ruined the conntry The peo.
pie had the burthen to bear, and lost millions oe
property in the crash. Our people soon resusci.
tated. as we had immense capital in slaves. the
labor and natural increase of which soon set the
country on the high road to prosperity, with
balanced circulating medium.
The quarrel account Of the slavery question
brought on the war. To bear its expenses, the
Government issued paper money in such quaint.
ties that the country was flooded with it. This
created speculative mania among the people. and
again the prices of property up The paper
money accumulated in the hands of the traders
and money dealers largely in excess of their wants
in trade. To increase the value of their property
in money, they induced the government to change
the nature of the debt from non-interest bearing
paper money to interest bearing paper money, at
from to per cent-we viii average it at Der
cent. This process has retired the money from
circulation and reduced the quantity of money
from some 80 .6oo. 100000 to s65o.ooo,ooo, with
- 81.
purpose of maintaining specie payments and val
ues have reduced in the same proportion; that is,
If the commercial value of the property of the na.
ton is worth S2oooo.ooo,ooo with $65o,oooop0 for
the purposes of commerce, what was the same
property worth when there was $2,6oooooooo
money for the purposes of commerce: The an.
swer is $4,000, 100000. The fact is, there is 50
little money in circulation that land, Compare.
lively speaking has no commercial value.
Now it is evident that this state Of things re.
quires to be remedied, and how is it to be done?
Partisan politicians cannot do it, even ifthev knew
how, for they are in one way or another under the
control of the Money Power. The contest Is
money and cunning against land and labor and
land and labor must apply the remedy. and free
themselves from the Money Power. And the
question arises, how is it to be done? The Grange
the representative of land and labor, must con.
centrate its energies the question, and adopta
policy of action free from partisan politics, and
tell the politicians, in unmistakable terms whatto
do Once the Grange adopts money policy for
the Government and issues its fat, it will be car.
ried out, as the opening of the mouth of the Mis-
sissippi river was done by the Government. When
the order from the Grangers of the Mississippi
Valley went to the politicians that the obstruc-
ton at the mouth of the river should be removed
BY canal or otherwise, it was done. The wr.
ter knows this to be true, he was at the meeting
of the representatives of the Grangers of the Mis-
sissippi Valley that inaugurated the movement at
keokuk, Iowa. Now if the Grangers of the
ton will give their orders to Congress TO increase
the volume of the currency to answer the wants
of the country, it will be done. The Government
can do it and keep up specie payments, as it can
float three dollars in paper money for every dollar
it has in specie; it can issue treasury notes, and
with them buy gold and silver bullion, coin it, Is.
three dollars for one, invest two thirds OF t
Government bonds. and the other third in gold and
silver bullion; issue treasury notes the faith OF
that, and buy more bonds and gold and silver bul-
lion, and continue the process as long as the ne.
cessities of the people required it.
The Money Power will oppose any measure
that will increase the quantity of money in circu
lation that belongs to the people, as it will de-
crease the value of their money. IL.
Terry, Miss, Sept. S.