The Caucasian. (Clinton, N.C.) 188?-1913, 1891-11-19
PRESIDENT l.. l.. POLK'S AD-
ORES.
CONTINUED From First Page

iousaed. leaving rot one single act CD
.ls record for the benefit Of the PEOPLE
Ia the light of plain Lesson or h!sto-
ry-.hst ell the civilizations worthy ihs
name that have lived AID passed away
persisted under tie iron band OF money /
power thet those " N control the mon
~ 81 c}Un:ry co3trOl the de5tini-5 OF .
4 rfopie, Is u not our imperative dh'y /
az I. Pc pc t. e1tati IN such bairl-ls
and Limitation Us viii arrCst the evl |
dent and alarming ton iercy To central |
lied money power IN this country.
This was ooe Of the grand purpose |
of the measures preFented 10 Congress |
Il would have fupplapted our iniqGi-
tously unjust ard oppressive national
bank system by s,cGriog to the people
an adequate amount OF money drect
| from the government ~ low rate oil IN
! terest, 10 have met tie legitimate de-
manGs CT the country. But III justin
ca'ion 0 { ihe silent contempt Which
characterized the reception Of this nea
sure, aud With the artiuIness, scp5lsiTy,
arJ a.lroitncss Of skilled demagogery 90
asa llts-y element and persistent AZ
saults on It's minutest details, have been
substituted for manly argument IS ;oits
underlying principles. Bat the discns
s:oa and investigate Of our demands
has added constantly ID their favor aud
strength. till today tCey stand Of The IN
qualified head OF she sentiment Of our
Order in thirty four States Of the
Union.
More and more are the great masses
Of the peope learning 10 ,mpreheBd the
duties, functions, and poWcIs OF the
government as their general agent
wat right has that generaf~agen5 to
issue the peoples morcy to corporations
J at a cost Of . + csut, and nccnse these
corporatiors TO loan it to the people at
a cost Of 8 10 81 per cent? We believe
! with Thomas Ietfer oa-that she poIer
to issue money Should be taken from the
banks aud restored TO the people and
= to Congress. TO which it Iightful!y be
, longs" We believe with James e
Blaine, not only that ''the one defective
elem cut in the national bank system is
a that it r, q1reS the permanenc9 Of ia.
lionaI bt aa the basis Of its existence y
: but that any such syste N is inherently
/. false ard wrong and cannot be justified
on any principle Of justice or equity.
: We believe that Abraham Lincoln c. nld
: nave uttered 10 lraer prophecy bad his
hand aud pen been guided by inspira
: ton, wien he Vrotc: TIE money rc vel
of the county Will endeavor to prolong
its reign by working upon the pre- ndices
Of the people until all wealth is eggre
gated in a few tards an tho Republic
is destroyed
The Constitution declares that Con
gress shall have power to regulate CON
y merce among tae several State. VIVA
are the essential elements or factors c
commerce? Money, transportation anC
Congress regulate thes9? Dots Con
gress regulate money-thc value anC
volume of money? Organized capital dc
J. m; nded that Congress should degrad,
and destroy our legal-tender currerc1
and establish il lieu thereof nationa
1t banks CT issue, which should be blset
alone on interest bearing government
bonds. Congress obeyed. ORGANIZED
81 capital bought the bonds at about hal
their face value, and thus monop0! z9'
~ the basis OF orr banking system. Or
% ganiz d capital demanded that C lngres
should tax State banks cut Of existence
10 Congress cbeyed. The capital monop0
9 lzed tie control Of the volume of cul
- rincy Organized capital demande,
that C1ngr, s. should outlaw iand as Sc
1T curity for leans from these banks. Cor
j. gress obeyed. Thus the securities upo
which. these banks must be operate
we're limited, chiefly to stocks, bond
1t and personal notts, whose values wer
a. to be manipulated regulated and dicts
~ led by organic I'D capita! through lis stoc
exchange in wall Stree. tlus th
power conferred upon Copgaess Ly III
in G Institution to regulate money, its yalu
ty and volume, was virtually surrenders
ty and transferred TO Capitalistic 3mbip;
tiun.
But the CONSTITUTION further confer
We upon Cypgress the exclusive right I
RS make money. Does not this resel yatio
s. o. she exclusive right TO make none
"a cry with il the unavoidable obligatio
10 furnish it in sufficient amounts
uppiy the requirements Of the leeit
lrt nate demands o. the country? WI;
i'll las been the effect Of comforting up7
ST. capital these extraordinary privilege
v. and power? Just what it has bsen
> al the ages and in all countries Of q
psst--the fea' fUi augmentation of cel
10 rraliz36 money power, 10 The i;Gpove
nv i.hr7ert and robbery II honest industr
No st the close Of the war, with pop
of alton aprrozimaJing $1,000, coo, we hs
boat 80 0O0, eco COO in money. The
WIS no undue or il furious il fl ,,ioa. L
yas hor in all departments of industry e
r. j3yed renumeratiya prices for its pr
TO ducts, and prosperity, peace, conten
.xt usnt and plenty abouGded throusho
tie land. Every srtery OF business,
trade and CT enterprise thrilled with Il
tie hlalthful aud invig0reting fi}w Of
,tv ample supply Of money. Today, with
w population of GO, 100000 and CORE
to pording growth in all departments
zoo ind ussry aud enterprise, the volume
~ currency has been reduced TO alb }
" 5000, 100000, with the uniform and i
lie evitabe result which has always al
everywhere followed an urder contre
ton high priced money and log pric
products, CntaiiiDg distress, po7ert
in suffering and ruin.
age La 1880 we had 2,09o national banl
with circulation Of S3l7 GOO, 900, a
vet their loans and discounts amount
IN 10 81 ,04l, goo coo or an amount il {
by cess Of their circulation of 1913, 700 600
eth or S2S per cent. 1890 We had 1867 /
tional banks, with circulation of $I2
l7G coo, and yet their loaEs and discoul
I'LL amounted to 81, $40. 900, 600 or an anou
to in excess of their circulation of sl,S4
ats O00, 900 or 1873 per cent. On W.
principal of equity or safety can indiv
ual or corporate credit be thus subati
me ted for money?
De We demand governmental control
be transportation; we demand the retanti
of our public domain for the use of c
=, own people; we demand the prohibit
Ks of gambling in futures of agricultu
'eu and mecbaH products; We demand I
les fIoe coinage of silver; We demand IL
out no class or interest shall be taxed tc bU
PIP airy o.her class or interest; We
nsnd the election of United States S,
eto,s by the direct vote Of the people: