The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1891-06-09

measurement calledfor, it is below par
if more, above par.
From these dogmas it would seem
that it would matter not whether a ma
nation had ten or a hundred dollars per
capita circulation but th9re is a limit
beyond which it would not be safe to go.
The increase of money in a country in
cases the price of merchandise, andthe
increased price of merchandise de-
creases it's expectation and makes a
larger balance of trade against us
calling for silver and gold bullion.
Thus there is a limit beyond which it
would not be judicioUs to go in making
other than silver and gold coin money.
There is a tendency among the nations
to keep up an equilibrium of money
and prices. From a nation with an
excess of money the tendency is out
for things are comparatively cheap
outside; into a nation with a scarcity,
the tendency is inward for prices are
comparatively high outside.
We say if there was no foreign trade
it would not matter if there was one
thousand dollars per capita circulation,
and it does not matter any way if the
money is coined from gold or silver,
for if we get too much of these metals
things will adjust themselves by ex-
portation.
We will notice now some of the prin-
| ciples of the fnanciers for robbing the
people. Allgovernments rob the laborer
through the functions of money and
enrich those who already have. This
will stand without proof, as all govern
ments are run by the rich, and of
course for their partial benefit.
The first step taken by %fnanciers for
robbing the people is the selling of
bonds. This is simply swapping a
money-bearing interest for a money
not bearing interest. Say a thousand
dollars of greenbacks for a thousand
dollars in bonds bearing interest. The
laborer then must pay out of the sweat
of face an unnecessary interest to even
already wealthy individuals. These
paper bills could remain outstanding
as circulation until gathered up by way
of taxes, and every man would have
shared in the taxation if there was a
just and honest system in proportion
to his ability. Funding, says Jeffer-
son, is robbing the people OF a great
scale. So we find the greatest art of
the fnancier is the finest art of the
buccaneer.
AS we come along down we find an
other fine art, and that is in changing
the circumstances of the contract. We
find bonds drawn payable in the cur
rency of the country. Then have a
law passed making them payable in
coin. Then after you have nearly ex-
hausted the paper, have a law passed
to stop coming silver. By this means
you will make the bonds payable in
gold and take away the means of pay
ing them, and put every poor devil
hard at work to earn the gold to pay
interest. This is the fine art of the buc-
cancers Of the highest order. This is
not only robbery, but also subjugation
and slavery.
There is another fine art of the fnan-
ciers which is the government paying
interest to it's citizens instead of the
government making the citizens pay
it interest. The government makes
the money and has the power to pawn
all property for the redemption of that
money. Why, then, should it borrow
money and make the poor laborers
pay the interest when it has the power
to make all it needs and lend it and
receive interest2 Simply another fine
art of the buccaneers.
The calculation has been made that
all the farming interests of America,
together with much of the mechanical
and manufacturing interest, do not
reap a gross profit of 4per cent. Above
this it has been asserted that money
lends at an average of Z per cent.
With this advantage money will event
ually swallow all the profits and all
men of toll be reduced to serfdOm.
This is no idle fancy, it is a mathe-
NAUTICAL demonstration. How came
this about7 By funding, by contrac-
ton of the currency; by the demoneti-
zation of silver, by the government
placing the power of money in private
corporations. 1t was the falsity and
treachery of the government to the
people. Another one of the fne arts.
There is no way to break the letters of
the tyrants but by the government be-
coming a lender of money to the