The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1891-10-20

so large they V get into the cbo-
nels Of trade, and for all the good tb "I.
do they might as we'll be in the miJ5TIy.
of the Atlantic Ocean. Hundreds ne
millions more are kept out of the char
nels of trade to gamble on stocks a"5
the farmers produce. What bpnoft
is unlimited coinage Of gold and siIvarr
if the denominations r so large tha[,
never circulate?
RETURN TO THE PEOPLE THEIR CONsTrrI.
TIONAL RIGHT TO ISSUE MONEY.
The industrial class must assert thoir
constitutional right to coin and issTa
money. All money issued must be nT+
into circulation by paying a portion Of
henatiOnal expenses, reducing govern.
ment taxes to this extent. This money
would 90 into the channels of trade
and would leave no interest-bearin9
notes to spunge money out of the chan.
nels Of trade. This sign of the sub.
stance would perform all the EXCHANGES
Of the nation without taxing the indus.
tries Of the country.
THE CREDIT Of THE PEOPLE.
ur,servants in Congress created 2
system out of the credit of the poo.
pie, then called into life a corporation
outside of the channels of trade, loaned
this corporation the credit of the PEG.
ple-the life-bl0Od of industry, for one
per cent. with the privilege to return
it whenever it enlarges at rates vary
ing from 6 to 40 per cent. Not n dol
lar of the peoples currency a get
into circulation until they have given
a cut throat mortgage upon real estate.
Reader, keep this fact in view, that
this money is as necessary in the chan
nels Of trade as the blood is in your
veins, and you can no more transact
business or carry IN commerce with
out it than you can work without food
to make blood. Not satisfied with this
power your agents gave to this cOrpOr-
alton the power to contract and eX-
pand the volume of this currency.
When they want to load up out of the
peoples earnings (remember they have
none Of their OWN they contract and
bear" the market, and when they
want to unload they increase the Circu-
latiOn and up goes prices. They have
the power to buy at their Own figures
and fix the price at which they will
sell.
If your agents in Congress had
created q corporation and granted
them the power to say how much You
should eat, how much blood you should
have and when you should have it and
could deplete and replete the blood at
their own sweet will and tax you from
6 to 40 per cent. for doing it, they
would not have committed a greater
outrage. Through this hellish system
the gamblers in the n~ecessaries of life
are able to buy cheap and sell high.
They can fix the time to load and III
load. In every other business there is
uncertainty-the uncertainty where
they will bear or bull the market. All
of the farmers products, Of value, are
made footballs to be tossed up and
down at the SPECTATORS will and the
farmers stand by and look on hope
lessly.
Everything is certain with the class
who manipulate the credit of the PEG
pie. Every o made leads to profit
able results. This corporation is the
pet of the two old political parties and
to it they bow down and do homage.
1t is their king and high priest to
whom they have given all power over
the people, and with one accord they
bow down and shout, great is Diana of
this republic. Other countries have
their kings, pOtentates and pensiOned
a~ristOcracy. In this mOnied corpora
ton we have Our a~ristOcracy with
more power than the kings and arts
tOcraCy of Europe. 1t would be an in
ems advantage if this pet of the two
political parties eel pensiOned and to
the people were restored the power to
coin their money and say how much
they need to transact their business on
a cash basis, If this power was re
stored to the people it would bring
prosperity, the wealth of the country
would expand and all would find profit
able employment, tramps would dIsap-
pear, poverty and crime would de-
crease, taxes would be greatly reduced
and the nation would bOuI q forward
like a mighty giant released from a
mountain burden and the industrial
class would soon be released from in
dustrial slavery.
1t is an historical fact that where a
nation has had a money famine gen
eral prOstratiOn has ensued and this
has always been followed by increased
poverty and crime. 1t is an axiom
that anything that increases poverty
increases crime in the same ratio. The
concentrating money into head centres
to be gambled with is the result OF
dLIpuldUll Gn0 currency OF Ile ptO
pie and the decay of nations dates from
the time of the contracting the volume
of money. In the balmy days of Rome
she had two thousand millions Of
money, previous to her fall she had
two hundred millions. The decrease
in the volume of money was so per
cent. and it's purchasing power in
creased so per cent. They owned and
controlled the wealth of the nation by
contracting the volume of money. We
are travelling the same road and will
reach the same result unless the indus.
trial class assert their constitutional
rights and issue money and put it III