The new dominion. [volume] (Morgantown, W. Va.) 1876-1904, 1892-10-29

" nat are WcS
Shall our government remain
democratic republic, in which all
alike shall be free and independent,
and In which the majority shall rule.
a government Of the people, by the
people and for thu people. OF shall
we lapse into an oligarchy in which
| the aristocratic few rule the many?
This is an important question which
must now be met and answered by
the American people while it is an
open question which free people
dare discuss.
Wealth and power is both grasp
ing and avaricious In the beginning
these states we're poor and homogen
GUS, when the trainers of the govern
ment declared all the people were
free and equal and should ever SO
remain.
But soon the seed of lordly aris-
tocracy made its appearance led by
the great and lordly Hamilton. who
hated pure democracy where the
people ruled, and wealth and birth
gave no priority, consequently he
and his compeers strove to weaken
the home powers Of the people by
converting our federal government
into a strong centralized oligarchy.
But the immortal Jefferson cham
pioned the cause of the people, and
the people being fresh from cen
tralized DIES ,otisiD sided with Jefier-
son. and Alexander Hamilton has
ever since been called the Fcderalist
and Jefferson the Apostle of democ-
racy.
But some years later the same
hydra headed monster again appear
/ ed in the guise of monied oligarchy
/ or aristocracy, known as a United
States Bank, but largely made up of
former wealthy aristocrats. Gen
eral Jackson as President knew how
to dispose of them and again the
people were saved from monled
oligarchy intended to usurp the lib
critics of the common people. Then
this country continued to grow un-
til it became great and prosperous
people, until our late terrible war
came on, which not only gave the oc-
casion but made it necessary for the
federal government to put on its
panoply of plenary power to cope
with the emergency, and thus neces
sity led to the usurping of ungranted
powers such as were never before
claimed even by the Hamilton Oil
garchy, until the rights of the states
were ignored and the liberties of the
people trampled upon as so much
WORTHLESS debris of a fallen edifice.
Now this same old hydra headed
monster always ready to seize an
opportunity to usurp the liberties of
the people, and build up an aristoc-
racy of wealth saw their opportunity
and after having paid the soldiers in
the field off in Greenbacks worth
about 60 cents in gold, and enabled
the rich capitalists to acquire bill
lions of Government Bonds payable
in gold and silver with this same
currency, and after having again es-
tablished National banking system
by which the rich could and did
buy millions and millions CT these
bonds at ten per cent discount, to
bank upon and draw their interest
mi-annually, then gave them
charters as banking corporations
with leave to issue National Bank
notes to three times the face value of
such bonds. This money was loaned
out at large rate ofinterest payable
in advance, thus giving these rich
corporations four times the interest
co mmon people were allowed to take
thus making of the few pampered
| | ct 70 al ~ { ho
common people borrowers, well know
ing that borrowers are always slaves
to the lenders. And to secure this
vantage ground to the wealthy this
same party then in power and now
again seeking it, destroyed the legal
tender quality of these greenbacks,
demonetized silver and made govern
ment bonds payable in gold alone,
thus again doubling the rich mans
ill gotten wealth, for these bonds
were at once made much more valu-
, able and worth three times as much
. in gold as when they bought them.
Now that silver was demonetized
it went out of circulation and these
bonds being SO very valuable and
payable in gold only, the rich put
their green backs into bonds and in
to banks and thus our greenbacks
became boarded, or locked up in the
D great monied centers until the farm
} ers and laborers were deprived of the
means of carrying on their business,
, and bankruptcy and poverty have
/ spread their pail all over this once
! happy and prosperous country. The
i rich have become millionaires and
3 the people plebeans and many oil
r them beggars.
This is as this aristocratic oligar-
chy intended it should be. But
great heavens! their appetite for
power and pelf is not yet satiated-
they are not yet lordly enough to se
curely perpetuate their power and
condition. And under the hypocriti
. cal cry of protecting American labor
this party as it's last act of tyran
ny passed the Mckinley tariff bill by
which the poor man and the laborel
i