People's party paper. [volume] (Atlanta, Ga.) 1891-1898, 1892-10-14

They may be tied town III the neld,
the marble quarry, at the loom or at
the factory. The man best serves
his people who starts at the bottom
and brings his audience along with
him. Why? The speed of society
is the speed of the average member,
Just as the speed of a fleet is the
speed of the slowest vessel. 1t takes
the entire force of society to make
laws. 1t takes the entire force to
make policies, and it Is the interest
of every man to quicken the speed
of the slowest ship in the feet that
the entire force Of that entire feet
may be utilized.
Now as l have said money is
made by man to take the place of
barter and exchanges. Before
money was made, you carried your
cotton to the store and snapped it
off for goods, but as the world be-
came larger, business diversified, and
the necessities Of man increased, men
agreed that we should have repre-
sentative for money! representa-
tive of value for that horse, for that
cotton; and that representative
should be such as can be carried IN
the pocket, shall circulate instead OF
of the mule, the horse, or the cotton.
You made the money to take the
place of the commodity in order that
you could trade with your nelghbor
on easier terms.
How much money ought there to
be? Enough to make these ex-
changes without trouble and without
loss, and the moment you have to
pay premiumlfo the use of common
money, then society has not enough
money, and the money becomes an
instrument of oppression. Do not
misunderstood me. / have a right
to borrow your horse and pay you
for it's use. That horse is your
stored up labor. | have right to
hire your land and pay you rent.
That also represents so much Of your
stored up labor. l have right to
go and borrow your money and you
have right to charge me for the
use of it, because money represents
your stored up labor, just as the
horse or the land represents your
stored up labor. In any of these
cases it is your stored up value.
That is legitimate, right and fair.
That hurts nobody. But the moment
you pay a royalty for the use Of
money which is to effect your eX-
changes, then at that hour the tyran-
nv commences, and the finances Of
the country come to the point where
the man that has the money has the
advantage over those who have the
produce with which to pay for that
money. Let us illustrate.
After the war we had eighteen
hundred millions of paper money.
That is denied by the Democrats.
I stand ready to prove it. These
eighteen hundred millions were out in
circulation amongthe people affecting
exchanges Of cotton, mules, horses,
store clothing, store supplies, work
ing mines, running factories, etc,
etc. What occurred? Why, they
went to work and destroyed most OF
that money. Some Democrats deny
this. The Democrats who admit it,
lay it on the Republicans, but | am
going to show you that where one
has a soiled spot on his finger, the
other has a spot to match it. [ am
going to show you that the people
suffered from the Legislation OF
the Democrats and Republicans
alike.
Now let us take glance at the
way it happened. You know that a
few years ago the bale of cotton was
worth fifty dollars. To-day it is
worth twenty-five. Did you have
to work Just as hard to make it?
After you did make it, what? The
debt you contracted then, and which
one bale of cotton would pay, now
takes two. Suppose that | show
you that this does not result from
any natural cause, but was de-
iberately planned that you should
be robbed and your labor be swept
into the Golfers of men, who reaped
where they have not sowed and be-
came your masters? Will you sup
port men who deliberately do that?
Cries of No no, no!
Mr.. Watson. In 1886 what was
the circulation? National bank
notes, $280,0OO,OO0, in round num-
bers. State bank notes, $4,000, 900.
Legal tender and other notes, $685.
100000. 1905, $83O,00O,0O0. I'm
der the sanction of law this money
was burned until about $1,300,000,-
900 of it was gone.
How does that strike you for rob-
berry that should make Alexander
blush at his own puny spoiations; the
most stupendous robbery under
forms of law since the morning stars
sang together.
l am going to show you by solid
proofs that these are truths. [ read
from the official report of George S.
Boutwell,. Have you not heard that
it is untrue about the money being
burned up? They belong to the