The Hazel Green herald. [volume] (Hazel Green, Wolfe County, Ky.) 1885-19??, 1891-05-29
DAVIES ADDRESS.
The President Of the Second District
Union Reviews the
Situation.
This is n Government of the People,
by Class ~and for n
Glass.
TcoNrINuED FROM LAST WEEK. ]

CONTINUED FROM LAST WEEK.
The free coinage of silver is one of the
most vital demands formulated by the
Alliance movement, and we mean 10 Sc
cure the object contemplated by this de-
mand, or We mean to know the reason
why.
There is a deep-seated conviction
among the people that the demonetiza.
ton of silver in 1873 was one element of
a great conspiracy to deliver the fiscal
system of this country over to those by
whom it had been captured, and yet not
a Senator or member of Congress could
be found, after it had passed, who would
acknowledge that he knew anything
about it. Why? Because the people, ir-
respective of party, have declared in ia.
vor of il for the past fifteen years, and
know that they have been juggled with,
and then thwarted by the power capital,
from the passage of a law for the free
coinage of silver" And yet the Govern
ment and the people of this country re-
alize that the amount of gold and silver
and the certificates based on these met.
ais, do not comprise a volume of money
sufficient to supply the wants of the
country, and in order to increase the vol
ume, the Government allows individuals
TO associate themselves into body cor
porate and deposit with the Government
bonds which represent national indebted
ness, which the Government holds in
trust and issues to such corporations pa
per money equal TO ninety per cent. of
the value of the bonds, and charges said
corporation interest at the rate of one
per cent per annum for the use of said
paper money.
But we find the circulation secured by
this method is still not adequate. Or, if
we admit that it is adequate on the aver.
age, we know that the fact that it is ade-
quate for half the year makes its inflexi-
bility an engine of oppression; because a
season in which it is adequate must be
followed by one of superabundancc in or
der to bring about the average, as such
range in volume means great tluctuatiOn
in prices, cut against the producer both
in buying and selling. Because he must
sell at a season when produce is low and
buy when commodities are high. What
is needed is certain adequate amount
that adjusts itself 10 the wants of the
country at all seasons.
The greatest evil is that which dele
gates to certain class the power to fix
the price of all kinds of produce and COM
modties. This power is not delegated
directly, but is delegated indirectly, by
allowing such classes to issue large per
cent. of the money used as the circula-
ting medium of the country, and having
the balance of such circulating medium
which is issued by the Government fix
eel quantity that is not augmented to
correspond with the necessities OF the
times. In consequence of this, the mon
ey issued by the privileged class which
they are at liberty to withdraw at pleas,
ure, can be, and is 50 manipulated As u
control the volume of circulating medi'
um in the country, sufficient to produce
huctuation in general prices at their
pleasure-a system whereby privileged
class can, and have, by "the power OF
money TO oppress," exaeted from labor