The Somerset press. [volume] (Somerset, Ohio) 1873-1977, 1880-03-25
Somerset, Ohio, March 90, 1850.
A N ySTERY.
Why Should Government Restrict Its
Cash Assets' Are the People Fit to be
Free!

Cash Assetss Are the People Fit to be
Free!
The house committee on coinage have
agreed to report favorbly Mr. Forts bill,
for the recognition Of trade dollars into le-
gal tender dollars, adding provision:
THAT the amount OF trade dollars 80 re
coined shall not interfere with the mini
mum monthly amount authorized to be
minted under existing law"
Why is it that congress constantly keeps
a friction brake on the mint wheels to
check and limit the Increase Of coin?
In what does the government differ, in
respect to its cash assets, from corporations
or individuals?
What individual would limit bis cash
sccumulaiions to n certain AMOUNT per
month, and forbid his employees to earn or
receive more?
What railroad corporation would limit
its monthly receipts to a specified sum.
and extend new lines on condition, and
with q provision, that the receipts and
profits Of the new line shall not interfere
with the minium monthly amount author.
izsd by existing by laws for the company to
receiver
Only for one reason would the directors
Of a railroad make such restrictions. and
that would be for the purpose Of dePrecia
ting the value of the stock, in order to buy
IL cheap and defraud the stockholders
lsa government weaker by increasing
the stock OF coin beyond certain limited
sunni
Does its credit suffer by snlarging its
cash, assets?
Would our government suffer more by
doubling its pre-en, volume of coin than
Vanderbilt, Gould, or the first National
bank Of New York would by doubling
theirs?
IL there q man in congress or out. hold
ing to the coin brake Of the government to
prevent an increase. but would open wide
the throttle.valve Of his own individual af.
fairs 10 overtske and grab up as many mill
ions . month as possible without regard
TO iimiis7
Why is II that the limit Of coin produc
tioh 10 so sacredly and presistently guard.
sd7
Why are the bulldogs of law stationed
At every mint in the land 70 guard against
excessive coinsge2
Who has more coin than he knows what
TO do with7
Who Is fearful Of having an excess forced
upon him2
Why this legal dam across the silver
streami Not because the dam. builders
fear they will be burdened with surplus,
but an. ample suficiency would defeat their
plundering schemes to rob the producing
masses.
Industry creates wealth; usury steals il.
An ample supply Of coin adds to the
value Of labor products, and depreciates
the power Of usury 10 rob.
The object Of restricting the coin VOL
ume Is to BEAR PRICES and to BULL Us
UEY.
With prices depressed, cramped and
squeezed into the single gold standard, the
81 ,000,O00.000 Of interest now received by
the money kings Of this country, would
absorb every dollar Of the surplus product
OF industry.
On the other hand, were the labor ele-
ment and enterprise of the country allowed
TO manage governmental affairs, and pro-
vide themselves with such faculties as ev-
cry prudent, sagacious business man would
avail hims' II Of IL he could. the coinage OF
legal tender money would be as unrestrict.
ed as the stamping Of postage stamps. and
limited only by the limit Of products to be
exchanged.
Under such circumstances usury would
die. u would have nothing to feed upon.
Every exchange would be for cash. Indi-
vi lusl credit would cease TO be an article of
merchandise.
Public credit alone would be used, and
that would be coined. made legal tender,
and. without usury, given to promote the
general welfare.
The mystery Is not why o limitetion is
placed upon coinage. The REASON is obvi-
Gus, and the OBJECT diabolical. The mys-
try is that twelve or thisteen million farm
ers, laborers. mechanics and weslthpro.
ducers should permit few thousand mon
ey sharks and political demag CUES to
bind and rob them in broad daylight. The
mystery is that these million of men will
aid and abes their destroyers, by placing
them in position, and armins them with
power to carry out their hellish schemes of
plunder.
When fifty millions Of frsemsn will look
on our present congress, and the subsidi.
red press behind il, with indifference and
unconcern, and see liberty Of speech and
freedom ofthought struck down and gag
ged; see the intrigues and plotting Of venal
demagosues to enslave and rob industry,
and the con.piracy between the two :old
parties to strangle democracy, and to tram
pie upon the will and the rights and in
ieres,s Of the people, il is a mystery too
deep to be solved on any other grounds
Than that The majority of men are not ye,
prepared for self government, and that the
school Of poverty and bondage is essential
to elevate them to the plane of ,rue man.
hood and indt dtpendence.
The u. 3. Senate.