The midland journal. (Rising Sun, Md.) 1885-1947, 1892-04-29

not be so entirely harmonious on question
of such momentous Importance without
some powerful, impelling cause to unite
them. And to find them in upjarring ac-
cord united IN opposition to one of the fun
damental principles Of Jefferson, Madison.
Monroe. Jackson, Benton, Calhoun and all
the lesser apostles of the political feith ofthe
democratic party, but serves to increase the
mass ofinductive evidence that a great con-
spiracy against the rights and liberties oftbe
plain people is In existence. A few extracts
from speeches and writings left by the great
est thinkers of a preceding generation will
serve as guide boards to warn us of the
present day of the existence of great con-
spiracy which is cautiously EMBEDDING this
nation and the producing classes of the
world in its constructing coils.
"When all our paper money is made pay
able in. specie on demand it will prove the
most certain means that can be used to fer
tilize the rich mans field by the sweat of
the poor mans brow.-Danl. Webster.
Whatever government agrees TO re-
ceive in payment of the public dues, as a
medium Of circulation, is money, no matter
what It's form may be; treasury notes,
drafts, etc. Such bills or paper issued
under the authority of the United States,
are money.'-Henry Clay, in the Senate,
1887.
''Gold and silver are not intrinsically of
equal value with iron. No methods have
heretofore been formed to establish equal in
all its advantages to bills of credit made a
legal tender. Benjamin Franklin.
Franklin was without doubt the all round
wisest man this continent ever produced,
and he declared at tina: early day in favor
Of paper money, pure legal tenders, after a
trial of the principle in the colony OF Penn.
sylyania from 1872 to 1862.
"Bank note paper must be suppressed
and the issue of the circulating medium
restored TO the Nation TO which it belongs.
Banking establishments are more danger
GUS than standing armies. "-Thos. Jefferson.
Sailing prices and misery, and destruc-
ton are inseparable companions. The
disasters Of the Dark Ages were caused by
decreasing money and falling prices. With
the increase of money labor and industry
gain new life."-Hume, the great Euglsh
historian.
All of the great statesrlan-and we could
quote from many more and at greatly ex-
tended lengths agree in two or three fun
damental principles. l. Money is creation
of government. 2. 1t is not invested with
intrinsic value. 8. Its scarcity is surely
accompanied by failing prices and misery,
and destruction"
In opposition TO the deliberate utterances
of these great statesmen and historians. we
haye venal daily press. the tool of money
aristocracy, composed of national bank cor.
porations, bond holders, boards or trade.
produce and stock gamblers, etc., with their
hired attorneys usurping the seats in Con.
gress which were intended for the peoples
representatives., filling the land with sense
less cry Of 40 cent dollars, . Cheap money.n
"dishonest dollar" Threatened repudia-
ton. light weight dollarsl" Behind all
this clamor there is evidently dark pur-
pose, deep laid conspiracy being engineer
ed by the class who raise this false hue
aud cry.
Whatever government agrees to receive in
payment of dues is money, says Henry Clay.
Gold and silver are not intrinsically equal
in value with iron, says Franklin. In short
intrinsic value" has no relation to money
if these learned and wise statesmen knew
what they were talking about. Then why
are gold and silver valued as money above
other kinds, or paper money? Mainly on
account of false teaching, but fundamentally
on account of the metal which the dollar
enfolds. In case of the destruction of the
government the metal, when no longer
used for the money of defunct nation,
could be used in the arts. This is the sole
reason for metal money being valued or
preferred above the paper money of a gov
erument. The gold and silver are entirely
unavailable as metal while performing the
functions Of money, as much SO as they were
when mingled with the rock in the mines
before they were separated by the smelters.
The moment an attempt is made TO use coin
as metal and Apply it to our personal
wanis-make it into implements and orna-
merits, the money is destroyed. Coin has
a dual nature. If it is destroyed as money
the metal can be used IN the arts as other
metals. But no body wants to use money
for any other than the legitimate purposes
for which money is ordained by govern
ment. These plain facts being kept in view
all the sophistry of light dollars and 7O
cent dollars is knocked in the head. One
dollar is just as good IS another whether it
is made of or on gold, silver, copper, nickIe
or pager. The material can be used only
for money while il upholds or presents
money. 1t does not represent money but Is
money to whoever possesses it.
The parties who blindly howl and use
wild, unsupported assertion in frenzied
efforts to Brighten the people, offer nothing
in place of silver to supply the inadequate
volume of money. They admitted formerly
the volume of money was much Too small to
supply this great country, with its rapidly
increasing population and expanding bus
mess, but had nothing to advance for sup
plying the deficiency if silver was not used
for that purpose. Discovering their posi-
ton was untennable and illogical they are
either keeping quiet on the increase of the
circulation or brazenly asserting there is
plenty of money, pointing 10 the congested
centres as confirmation of their assertion.
where the banks fear to loan except on call
or for thirty to sixty days. Business cannot
expand or be even sustained on such sys-
tenn of loans, and thousands of firms are
going into bankruptcy with assets twice as
great as their liabilities because money
cannot be had on such terms as legitimate
business can be conducted. These results
throw thousands Of laborers idle, who, earn.