The Caucasian. (Clinton, N.C.) 188?-1913, 1891-06-18
THE MoNoPoLIsTIC TApE
WORM.
The Government makes enough
Money for this Worm, hut the
People get only " hat aoxes
through 10.
THE MONEY THAT CONES rusorau
1T Il roisoSgn wfTu HIGH in
rkREsr AND DELAYED ny
THg CONSTIPATION or
CLASS ISTEREsrs.

Mr.. Editor:--A great deal of the
discussion about the volume of our
circulation and the amount ofmoney
per capita II idle. Ii ID could be
shown conciusively that there were
$500 or even $50 per capita, and
that either OF these amounts would
suffice To do tbs business of the
country, the evil of consttpaied
currency would still continue un-
abaied. .hoie who discuss nothing
but the incf ease of the volume of
the currency rs remedy have
never seriou iy considered the evil.
1t Is perfectly true that the greater
| The volume the harder for mono
poly 10 control the circnlatlon; but
II Is also true that SO long ~ mono
poly dues control II, however great
the volume, credit will be curtailed
and ordinary business cramped. The
energy of the battle ought 10 be-
mainly against tie monopoly In
charge of all our financial machinery,
and IL ought not he shifted to side
isms- If We win the main fight
these will be settled. While every.
body knows. because everybody
feels that we need more money, no.
body can tell how much wa do need
any more than how much sunlight
we need. If credit and currency are
left unfetterred by monopoly our
business demands will settle and
re-settle and keep always settling
the ever varying amountoof money
needed I'm circulation. Leave coinage
free, which in the making Of
circulating medium out OF metal,
and leave credit free, which invol-
yes the making OF circulating
medium out Of other material also,
where the metalsfau short, or are
inconvcnient, and the question Of
the volume Of the currency needed
will speedily settle itself. Guesses
and speculation about the quantity
OF money employed I'm commerce
, and exchange are sometimes In
teresting, ii everybody will only re-
! member that they are guesscs. The
} moropolistic Jugglers of finance
, pretend to know exactly how much
we do need, and they have dealed
, 1t out in such quantities as TO make
pauIers out Of one half our popula-
tion. Certain OF the simple minded
of our own friends too believe that
. they have discovered how much we
need, and they have been dec0yed
, into aa endless jargon of ords with
,, the m0nopolists, by which the real
issues have been greatly obscured,
greatly to the delight OF the mono
polists. These questions Of quantity
and volume have generally been
, raised by the controllers of both, 10
, prevent discussion OF their con-
, troll. There is where the rub lee.
; They know very well that Of the
, "volune" that is already In circula-
: tionn only u very small part is
available for the masses, or for the
ordinary business purposes. The
. bulk Of il rarely changes bulk. The
bulk OF IL il kept 80 the credit of
. these very monopolists, AMI nevs r
a gets into active and legitimate cir
culation. The government manu-
!. factures enough money 10 supply the
: wants of its monopOlistic tape worm
the spectators I'm money-and
legitimate business gets Il only
shiohrh Shth IL N ibt
the volume that GOMEZ out and its
condition when 1t comes poisone
with high rates of interest and de-
l. yed by the constipation OF clas4
Q intel ests.
How can the body polite con-
. gratulate itself on the 'svelume OF
l. currency" 1t contains when the bElk
! Of 1t is ip the tape worm, and about
= ell Of it must PISS through him. Not
!. one OF shese political phenomipa
with head full of figures abort
q 'volume of the circulation ha,
, even told US how much Of 1t was IN
q the tape worm. The same prophetic
i foresight that enables them 10 tel
v with such accuracy the amount We
= need and the amount we have
4 ought 10 enable them To tell What
. the tape worm needs; how much
: the constipator; and how long and
!. with what changes IL comes through
. him TO the people.
: AT s:ane future time i will under
. take 10 shaw how the National sys.
, |, tenn co.ir.sIs, blocks up ard pois.,n.
: the circulation efthe country.
= w. j. PEELE,
Raleigh, ~. G..