Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1886-11-22

| increased the number OF patriots In eaen
army. Had the South been able to pay
a bounty of 500 in gold and to guarantee
SIS month her army would have been
kept up to ZOO, Geo men and the well
paid patriots would have swept
every thing before them. Had the
North not been able to pay so large
bounties her patriots would not have been
half so numerous. We often hear the
patriot orators ofthe north say green
backs conquered the South" and we
often hear the Southern patriots say that
had the Confederacy confscated the COT,
ton crop and sold it in Europe we would
have been the eOnquerOr. Both say Wnat
is true. So we see this law of supply and
demand applies to men as well as to gold,
silver, etc.
| Now rs the values are determined by
the quantity of money, let us suppose
case: If any particular nation, say the
limited States, has s., 600, DOC, 900 OF
money, or what is used In money, and by
legislation destroys half, values OF all
the commodities will at once decrease, say
D per cent. The labOrer will get % cents
day less for his work, when his pay Is
81. %, anu all other values will come
down - per cent.
Then it is apparent that they who live
on wages will lose nothing. Nor Will
they out of debt he losers, by the direct
effect of this reduction in value. But bust
ness as we call it, and hence the demand
for labor will come down more than - per
cent For the demand for labor depends
ON the we'll to do of the borrowers oil
money, for they are the motive power IN
production, and when they cannot meet
their obligations labor suffers for want Of
employment. Hence by reducing the
money one half, produces a fall IN value
OF SAY % per cent, and tins Is the same
thing rs increasing the borrowers IN
debtedneSS - per cent and would bring
ruin and bankruptcy on any business
making class, adding - per cent to the
wealth of the uSurer, banker, land holder,
etc. This has been repeatedly done in the
last 20 years. Whether the circulation OF
money is decreased by hOardngit in the
treasury, by calling in greenbacks, as has
been done, and issuing Government bonds
for the amount called in, or by demOne-
Using silver, the effect will be disastrous,
and the demand and hence the real value
OF labor decreased. The act OfCongreSS call
ing in the paper money, and substituting
bonds for it, produced u crash, and added
to the law acknowledgement made panic
and filed the land with blnkruPtS
and tramps. The energy of the people
brought them out ut last, and now their
money, perhaps over S2OO,OOO,OO is
boarded in the treasury and this boarding
has been going on for some time. The re-
suit is great distress, and were it not for re-
monitising silver, and coming and issuing
some So. OOO, 600 certificates yearly we
would have been plunged into worse
state than that coming from the conversion
of paper money into bonds. The various
laws on this subject since the war save and
except that remonetising silver, have been
each and all most disastrous adding in the
aggregate perhaps fifty per cent
10 the wealth of the creditor class, and
increasing the debts OF the debtor class
in the sum stated. This would have
ruined any other class of people on earth
and America would have been ruined but
for the tremendous demand for our prod
uCts of the soil in Europe.
With these facts in view is it any won
der that socialism, communism, rs we
call it, strikes and labor troubles are
growing apace2 Strikes come from dis
tress and want, Socialism from despair
and the anarchist are the prints of the
ayenging feeling of wronged men, the
lightning flash from the angry cloud.
Everything done by the Government and
Congress, since the war. has been done
under the direction of bankers, bond
holders, usuTeTS, manufacturers, m0nopo-
lists. This cannot be denied. Were the
greenbacks to be converted into bonds? 1t
was the work of bankers and bOndhOlders
Was silver to be demOnetized? 1t was
their work. Were the public lands,
| lands enough to make great States, to be
given away? 1t was the work Of money
SyndicateS. Is the money boarded IN the
| treasury? IU Is the work OF the creditor
class. Was specie resumption To be I'M
timely forced upon the country,
adding largely to the burden
of debts? 1t was the work of
this same power. And now let us look
around us and see the fruits of this work.
Anarchy, Communism, Socialism growing
| like mushrooms on iron stems;
distressed and pauperiSed labor organizing
| a great party. If these things are threat
ening and provoking danger, there is but
one way to avert it. Remove the cause.
This can only be done by increasing the
amount OF money in CIRCULATION, and less
ening the cost of living. Use the surplus
in the treasury by paying off the bonds
and improving our water ways. This will
add $3.50, 600, 600 or more to the circula-
ton. Issue silver certificates for all the
money brought to the treas
ury. Let all machinery for
manufacturing came to Us free of duty
! and this will cause factories to start up
| all through the vast isteriOr, now pre-
vented by the enormous cost Of the ma
chinery i'm the Fast. Let all material
needed for ship building come duty free
and thus encourage ship building for our
carrying trade. Do this and remove the
cause in part OF threatening danger, of
want and woe But 90 on with the policy
and legislative trickery of the last twenty
years and You will he made to feel u
power now growing and gathering
strength every moment And this entire
system oflegiSlation has been imposed on
| the millions of the vast interior hy the
/ capitalists and manufacturers OF the East.
During the war, these people seeing that the
/ demand for Government supplies in manu-
\ factories would he enormous by their rep
rcScntativeS in Congress, their lobbyists, etc
80 shaped legislation rs to exclude cOmpe-
tition by foreign goods, etc, and thus at
| the conclusion of the war found themselves
i'm possession of some S2,0O0 600 in bonds
and paper money, etc. possessed ofvaSt rail
road stock, banking capital, etc, and
millions of dollars worth OF machinery in
place and in operation. This policy was
monopoly, and to make the 10000, 600 in
the vast interior tributary to them and to
keep them 81. ForeSeeing and now more
plainly seeing that the South
and West might become successful
rivals in manufacturing, they inn
posed an enormous tariff on
machinery 80 as to cripple the development
of manufacturing in the vast interior, and
4 - ~ 4 4