The advocate., 1891-12-23
SOME THOUGHTs ON MONEY.

no tnO GulbOE Oh. IHE ADBOCATE,
From the NetO Nation Of December 5,
1891, I clip the following:
The readers of the New Nation will do
we'll to remember that the Peoples party
Is NOT an ideal organization from the stand
point Of nationalism. II is a reform body
with its face set against trusts, monopolies,
and Wall street, and as such commands re-
speCt. In Massachusetts the Peoples party
has gone farther in the line Of nationalism
than in any other state. In ibs platform no
less than eight planks out Of fourteen have
O nstionalistic flavor. The west has not yet
reached such high ground. The February
meeting at st. Louis will be awaited with
deep interest, and it is very easy to see how
II unwise counsels prevail and the line Of
battle decided upon is simply Of currency
reform order, that not only nationalists but
tho labor contingent would look elsewhere
for political affiliations. A great party can
not be built upon the ruins Of overdue
mortgages; because, IL they were paid TO-
day, demOralizing riches and dire poverty
would still exist in this country. The peo-
pie are beginning to demand change in our
economic system, and no party can gain a
fOothOld secure enough to fight effectively
capital and the entrenched trusts and in
duStries upon plank the width of green
back dollar. A majority of the voters Of
this country cannot go single file on SO
slender plank across the abyss Of a vicious
political economy, which has already placed
over 80 per cent of the wealth Of the richest
country on the globe into the hands of less
than / per cent. of the population, which
per cent. pays less than % per cent. of the
taxes. reformed currency will be great
relief; but it cannot do it all. Let the west
and the south think these things over in all
sOberness.
The factor usury Ia responsible for
the accumulation of wealth In the hands
Of the few.
The sting of wealth, and the power of
money to oppress, Is moneys interest
drawing attribute. Take away from
money the power to absorb the earnings
Of labor through the medium of interest,
and all must work or starve. / quote
from the Nelo Nation:
In this old nation, not only does wealth
devour poverty, but wealth devours wealth,
and, year by year, the assets Of she nation
pass more and more swiftly and completely
into the hands of few score individuals
out Of 81, 100000 people.
What accomplishes this but money, OF
interest in Its various forms? Give q
people free money or public money, and
the naturalization of the money, thus
effected, will give labor it's total product
less the cost In labor OF the service Of
distribution, that must be performed
under naturalization as we'll as under
indlviduallsm. Give us free money and
then win to a great extent come to pass
the following eloquent forecast of the
NsiC Nation:
In the New Nation, the debauching in.
Nuence Of wealth being banished, and the
people raised TO real equality by equal
education and resources, true democratic
and popular government will become posi-,
BILE as it never was before. For the first
Ame in history the world will behold true
rspnblic, rounded, full-orbed, complete
stepublic, social industrial, political.
Nov while II may be true, or at least
possible, that l as a nationalist lay toe
much stress upon the financial reforms
demanded by the Peoples party, the