The state chronicle. [volume] (Raleigh, N.C.) 1891-1893, 1891-08-12

loan. which is indeed all sufficient.
The kind of security does not enter
into the case; the government can
select what it considers ample and
best calculated to relieve the wants
of the people. It is unaccountable,
indeed | cannot understand how
man dependent upon the sweat of
his brow for his daily bread can OPP
pose the principles involved iii this
plan. The very fact of the in
tense hatred which the mo-
nopolists and their hirelings
throughout the country bear, not
only to the bill but its authors, should
convince the laboring men that its
passage would produce not only a
radical change, but that that change
would most probably operate to his
benefit since it is so bitterly opposed
by the ultr ,-monied classes. Our
quarrel, let me say here, is not with
the State, which has ever been
mindful of our necessities, but with
the National Government, and par
ticularly those branches of it which
ars responsible for the present in
iquitous protective system and the
characterization of silver The de-
mand for the increase in the circu-
lation of this metal will, if un-
needed, only intensity the conditions
, which even now the American
laborer finds almost intolerable. /
will not touch upon the circum-
stances of that great wrong, the de-
{ monetization of silver, which was
, perpetrated upon the people of
, these United States. because you
f are all no doubt acquainted with the
. details, but / do not think it out of
place to add that it is now generally
2 believed that the passage OF that
I act in 1873 was one element OF a
f great conspiracy to turn or the
J. finances Of this country to the
E banker and speculator. Grant
; himself knew not he had signed
= such bill, and since no Senator or
2 Congressman could be found who
5 would tell aught Of its passage; the
= suspicious of the people have been
:. confirmed.
If Such action on the part of the
o Congress is inexplicable in the light
Y of the progress of the nineteenth
/. century, a stain upon the pages O
If its civilization which as one turn:
e them back over the past twenty-five
if years he finds them deep-dyed will
It the toll and sweat of poverty-strick
i en- millions. The existing nationa
IS bank law is the shape the robber,
II assumed-I say robbery because
II the government delegates to class
II the bankers, the power of contract
n ing and expanding the currency
O. thereby conferr ng upon them tn
ne unnatural prerogative OF fixing tn
as price of the necessaries of life. Th
IS, pernicious effects of this system ca
10 but be realized when we reflect tha
OF within a few short years the vas
40 majority of the wealth of this cour
h, try has passed into the hands of les
he than 5000 men. Is not somethin
&c radically wrong with a sy:
in tenn of finance under which With
re twenty years the prudent labore1
d. of this country have lost more tha
ch one-halt of their entire holdings
en- And, that too in the face of tt
lat facts that the country is one Of il
ly- exhaustible resources and the 90
ir- ernment at peace with all tt
yh- world. Our civilization has an u
of der current Of fearful threat, mo
nd al plague has struck society throue
lot to it's very core. Honor and char
lat ty are slowly being eliminated fro
lat mans makeup, faith no longer e
ow lists between capitalist and labor
1ot and vulgar materialism is stall
IN ing through our broad land. Il
lat whole country seems to
ons swiftly drifting to some fearf
we crisis, and how can it be othe
ted wise since all the questions merg'
are into the problems of labor and ca
md ital, and men enjoying the highe
a honors Of the republic openly asse
ect. that "purity in politics is an If
ov- descent dream % The lust for &C
the which burns in the veins of the p
ity, itician has made our era as mela