Weekly Chillicothe crisis., 1880-01-29
OUR JEWISH CIVILIZATION.
The Deception, Knavery and Fraud OF
"Honest Money" Exposed-By the Words
OF Their Own Mouth are the Wicked

lawful coin, ana SuCn paper as can De re-
deemed according to the promise on its
face in such lawful money.
THAT such honest paper money is pro.
vded for by our national banking sys-
tenn" This is the ground taken by all the
advocates of so.called "hOnest money"
Now we will prove that the above dec
laration is ialsehood and a deception,
put forth to deceive and mislead men
whom its advocates intend to rob. Before
going into the argument it is necessary to
exhibit the two classes of persons in this
country whose interests are directly op-
posed to each other.
One class is represented by Shylock,
whose capital is credit and whose income
is usury.
The other class is the people, whose cap
ital is labor and whose increase is produc-
tion.
The former is the buyer of wealth, the
latter the producer Of it.
The formers interest to buy cheap. the
iatter's TO sell dear.
The former gains wealth in proportion
as credit is dear and production is cheap,
The latter saves wealth in proportion as
credit is cheap and production is dear.
Production is limited to the capacity of
labor.
The larger proportion credit gets for its
use in distributing the ba lance, the less
labor saves for its own USE
The scarccr the means OF distribution
the cheaper nrc the products OF labor, and
the cheaper the products Of labor are, the
larger amount Of produced wealth Will
credit clam for supplying the means of
distribution.
The creditor class and debtor class con-
stitute the two great antagonstic elements
OF oar Jewish civilization. In all CONNER
cial countries the former control the me.
dium OF exchange, and manipulate and
formulate the financial policy of the ma
ton. They have us1rped these sovereign
prerogatlves through the pOwerof wealth,
and exercise them to absorb the lion s
share Of the fruits Of labor. Their chief
interest lies IN the quantity, ard the con-
troll Of that. They clamor for gold and
silver, because its quantity IS limited and
cannot be increased, and appeal to the
ignorance, superstition and tradition OF
tine masses to sustain their scheme of
plunder. The scarcity Of the precious
metals cOmpels society to substitute credit
as its medium Of exchange. 1t is cstima.
ted that 09l per cent. Of all the exchanges
OF commerce are effected by means OF to-
kens Or devices Of credit in some form.
or the S6D,00O,00 OF daily transactions
by the New York clearing house. not t.
exceed one-thOusanth of one per cent Of
coin is used. The scarcity of money neoes-
states vast credit transactions, and every
credit transaction brings profit tn Shy.
lock and loss to labor and production.
Honest money, then, dccs not mean gold
and silver nor paper based on, and re.
deemed in these metals. Gold was once
demonetzed in parts of Europe because
the creditor class imagined that Calltor-
mia and Australia would supply such
quantities OF that metal as to irinre the
credit business.
Silver is now demonetized IN nearly all
Europe for the same reason, and the re-
suit is the few who deal in credits hdv"
absorbed the wealth of that jew cursed
continent, while the millions Of toling,
starving, half-clad poor have not where
to lay their heads, or bury their dead with.
out trGspaSsing upon the stolen sod OF their
opgrressors.
The money of England, the notes Of tht.
hank Of that kingdom, and the national
bank currency OF this country are
called honest money. Why ? BE.
cause they are nomnalIy payable on
demand in cOin2 Not bit Of it. But
because these currcncics are in the hands
OF, and under the control Of the creditor
class. These currenCics are tokens on de.
vices of individual or corporate credit.
They are 90 to 25 cent dollars inflated to
100 cents each on which Shylock draws
full interest.
The invested capital of all the national
banks aggregates S454,07G,3 ,36j. OF this
amount 1858 500 400 consists of govern
ment bonds yielding the banks over SI7,
100000 of interest annually. According
to the late report of the comptroller Of the
o! the currency, their liabilities, loans and
discounts o. credit amounted to $685..
7S7,44S, the whole amount yielding large
interest.
John Shcrmln testified before the bank
ing and currency committees in 1879 that
the bank of England and the country
banks whose notes belong to the class OF
honest money, are based upon a reserve
Of from Is to % per cent. of coin
in its vaults. The bank of France notes
upon 65 per cent, the bank OF Germany
upon % per cent, and the American
national bank notes upon from II to 25
per cent. of greenbacks and coin. Still
all these are "honest money" in
the estimation O. the money kings,
though consisting OF circulation
Of Is to SO per cent, of bank
credit, The other day Mr. Chalmers, OF
Mississippi, introduced bill for the issuC
OF gold and silver certificates by the gov
ernment in exchange for bullion to bC
coined and applied to the payment of tn,
public debt, leaving on deposit only a bull
ion reserve of 33 per cent of the certif
Gates outstanding. This would give socic
ty a currency based 33 per cent on coin
and 81 per cent on the nations credit. u
this not as honest money" as one baset
on 10 to IS per cent coin and IS to IS pei
cent of bank credit? Still what how
this proposition of Mr. Chalmers ha
caused to echo through the gold dens o
Wall street.
The New York Times, the mouth piec,
OF this Jew Cabal, says of it: "The bill
introduced in the house yesterday by Mr.
Chalmers, OF Mississippi, is fair sample
of the most mischievous proposals of thu
financial tinkers. 1t provides for the un
limited issue of gold and silver certificates
in exchange for bullion presented at thu
mint, and for the immediate coinage o
such bullion, to be applied to the payment
OF the public debt, leaving only bullior
reserve equal to only one.third of the Ger
tifcates presented The obvious puip posel
of such a bill are the initiation of the cur
rency, the profits Of the owners Of silver
mines, and the payment of the debt il
silver. Whatever be the motives of its
introducer, the bill is, obviously, as cor