The Labor enquirer., 1884-01-05
The Demon Of Finance Sup
plants the Demon Of
War to
Debauch the Republic and 70
Make Labor : Perpetual
Slave.
Deaths Chariot Urushes Human
Hopes-- Monopoly Holds
the Reins.

year after the war of the rebellion. In
all sections picture Of desolation, sor-
row, and despair presented itself which
could not but move pity and sympathy
in any human breast. Great Aelds,
where once millions Of cotton ahrubs
waved their snowy heads, lay deserted
and untenanted. The ghost Of insxtri.
cable ruin stalked before the once proud
chieftain of the southern manor. Tho
fences were down. The cabins and resi-
dences had begun to moulder in neglect.
Credit was gone and hope itself well-nigh
dead. To add to this picture of despair
and ruin the sorrowing people we're set
upon by an army of yultures, known Is
lcarpet-baggers, and those political
pirates, backed by the federal bayonet,
were robblng, insulting, and tyrannizing
over them in manner that will never
Justly be told till the heat and prejudice
of sectional strife has forever passed
awav.
Oh, what an awful resort is war!I
often exclaimed within myself in view
of this desolate and desperate situation.
What terrible retribution has been
visited upon this southern peoplel
Would that men might once become hui
name and Christian enough to settle
their differences without q resort to such
sanguinary and rninous alternatiyesl
But in spite of my hatred of the institu.
ton of chattel slavery / could not help
sympathizing with the south in its DESC
lation and sorrow, for in my thoughtless-
ness it seemed that this section had to
bear almost the whole penalty of the
war. s59l
But in what has since transpired now
fully realize that the war penalty Of the
south, great as it was, is but an insignif-
cant trife compared with the fatal and
monstrous infiction which has been laid
upon the whole American people as q
result of the war. The murderous hosts
on both sides fought and bled for what
they considered their just rights. The
grim demon of war reveled at the ban.
quet of blood till the weaker side sue
/ cumbed and the sun of a new American
era arose in seeming peace.
Yes, in seeming peace, for it was only
that and nothing more. The demon Of
war had no sooner descended from his
sanguinary career of blood-letting than
the demon of finance opened scheme
of wholesale bleeding which is now fas-
tened into the vitals of this nation and
! promises to be perpetual if the masses
are not speedily brought to their senses.
The monstrous penalty which all classes
of producers have been forced to accept
inexchange for the liberation of three
millions Of chattel slaves is that greatest
of terrors to the founders of this nation,
perpetual national debt, as an organic
element in our institutions.
| The first inaugural message of Presi-
dent Arthur was cunning feeler of the
popular pulse. In that message he put
forth the astonishing assertion that the
too rapid payment of the nations debt
was national calamity. The last con-
gress having passed the bank re-charter
bill, by which the national banks are au-
thorized to continue their existence for a
new period of twenty years, the rogues
sitting st the head of this government
as agents and allies of the money power
now make bold to uncover their designs,
as the late message of the president and
secretary of the treasury most clearly
evidences. E r
The purpose of the money lords, as
boldly indicated in these documents, ,is
to make the national bonded debt the
perpetual basis of our banking system.
If this policy can once be saddled upon
the country, then it is needless to say
that the nation will be held in duty
bound to pay the debt. In the intense
interest which has centered about the
| land question for the past two or three
years perhaps some Of the Irisn World
readers have paid less attention TO the
sIeepless and nefarious Vaccinations Of
the money power than formerly, and it
| is therefore that desire to point to the
monstrous significance of the scheme
that is stealthily developing in our ma
tional finances in a few of It's phases:
i Q) A government which bases its
banking system upon bonded securities
held by a privileged class, is an oligarchy
which forces the producing classes to be
at the mercy Of three per cent Of the
population.
i (2) A government that deeds away by
| legislation its interest bearing securities
for the benefit of special class, known
as National Bankers, thereby forcibly
taxes the whole population to support .
special class enterprise, and is therefore
a nepotism.
d ~ A government that stealthily con-
spires to make its bonded debt perpetual
in the face of ample means and promise
of means to speedily liquidate it, therst
Continued on. Page II