The midland journal. (Rising Sun, Md.) 1885-1947, 1891-03-20
Friday, March 20, 1891,
The New Gospel Of Finance.

ling water Of the fountain would cause GER
tain death, and the poor sufferer was com
relied to parch and burn with the
consuming fever when the alleviator Of his
suffering was ever present without money
and without price. Sill at more remote
period gunshot wounds were dressed with
hot oil, and army physicians poured the
burning poison into the gaping wounds in
creasing the torture of the unfortunate
victims Of ignorance, superstition and big
otry. When commonsense physician
dared to cast a doubt on these cruel methods
Of treatment the whole fraternity Of leeches
wis ready to pounce upon him for presum.
ing to question practice so ancient as
scaldiug oil for dressing wounds and hot
teas for fever tortured patients. We nov
look with pity upon the bigotry and super
siitlon which chained the learned men 10
medicine, and deprived them Of the use Of
their common sense.
This intolerance, ignorance aud supersti-
ton which chains men accredited with IN
telligence and education in lines Of business
they pursue, shows itself in many directions
and in many things every day around us
And there is no greater exempli6cation of
it than that observed in financial affairs.
There Is superstition which binds men to
old ind stupid theories in finance which is
really astonishing. To hear men who pro-
TESS 10 be doctors Of finance seriously declar-
ing that there is imminent danger OF wide
spread bankruptcy if silver money is coined
to the amount Of from SO to 100 millions
year and that We as nation and people
would sink TO irretrievable ruin if gold
should be all drawn from the country; and
that an increase of greenback currency
would tumble every business transaction
topsy-turvy and nameless and numerous
calamilies befall ns as a people, if we at
tempt any ofthese changes looking to re-
form, or supersede the old gold robber
system Of finance, in the light Of reason is
surprising. All Of these lugubrious predic-
lions, and ghosts in the dark are as baseless,
as barren, as void of common sense as the
ancient physicians superstitions and ig-
norant belief in The medical practice Of
pouring hot oil into wounds ad dosing fever
patients with hot tea. The remedy made
the patient worse. The gold money doctrine
is The ignorance Of the past ages handed
down TO darken the intellect of those who
haye MT the moral courage to think for
themselves, and rest the willing dupes Of
designing or ignorant men. Labor will
never be prosperous while it remains
chained 10 rock Of gold, Those shackels
must be broken.
The history of gold money is the history
OF system ofsgrinding, robbinQ usury. aud
a revolution is IN progress ia economics and
finance which will Danish gold 10 the melt
ing pot. 1t is only ct for the money of bar
barians and halt civilized people. Money
as such possesses no elemen: of wealth. but
is solely a medium 10 enable owners of
wealth to exchange il with each other.
Government commits great public wrong
when it places the money it provides for
the transaction of public business in the
hands of a select class and frames laws TO
enable that class 10 carry on system Of
money changing which collects tax from
every hand that is soiled with labor.
The breaking up of usury will be the
dawn ofa new civilization and freedom.
When government withdraws the power
from the hand OF the usurer to Cypress, and
places II in the hand of the producer to
bless, mankind. labor will receive its reward
and The robbery Of speculation and the
tricks pracliced by the class skilled in the
Iegerdemain OF money will he at ar end.
When government places money directly 10
the hand Of the producer at nominal pei
centsge, interest taking will disappear as a
business, and those who have accumulated
money will be compelled 10 put their capital
into business, employ labor and share the
risks Of legitimate business. When govern
ment loans the money at one or two per
cent guaranteed by tie wealth Of the pro-
ducers and the improved land. it will
always represent wealth and can never
depreciaie as it does when representing
credit that has nothing to show when called
on for payment Money based on produce
or land that all mankind must have eau
never fuctuate but must ever remain stable,
and credit business will depart from our
midst when there is money at hand 10
exchange for every thing that is bought add
ut The time the purchase takes place.
Money representing land in cultivation and
the products of land is TO be the money of
the future. Such money will break the
siackles that the gold system of nsury has
placed upon productive labor by which the
future is discounted TO furnish the means to
supply present wants, created by what
nsury has exacted from productive labor.
The question of making government the
chief controller OF money Is being considered
by some Of the best thinkers of the day,
and this new gospel Of finance is taking a
firm hold of the public mind. The earners
or creators Of all wealth are beginning 10
perceive the supreme folly of allowing
money TO be placed in the hands Of a class
known as bankers, by them to be measured
ont BY raiions as ii we're, TO those who use
1t, charging for this trifing duty more than
the money thus doled out will assist the
,,ser of il 10 nrOduce of real Wealtb. with