The record-union., 1893-01-09

alike in the hands of the ''Shylocks."
that had whetted their knife to cut from
the nations breast, nearest the heart"
their unholy pound of flesh"
Why did this first paper issue so COM
currence? The answer Is obvious. Hav-
ing but one base of value (the pledge of
the nations faith on which to predicate
us worth IN contradistinction to the
metallic currency, that has two distinct
bases, each absolutely Independent Of the
other; the one primal, that which was I'M
parted to it by the Government issuing
II, by which it became a measure OF
values as between the State and each in
dlYldual within the State, and measure
1 OF exchange between individuals in their
/ private dealings one with the other; the
I other Intrinsic, i. e., the commodity value
OF the metal composing the said coin.
( MS Is the quality l referred to on
1 former occasion, when writing OF the
Monetary Conference at Brussels), which
| constitutes the false bottom in the meas
( ure by and through which the wealth
/ producer is defrauded OF the fruits of his
/ labor in the interest of the manipulation of
/ said measure; such manipulation so cum
/ nlDgly devised that it effects the value
set on the coin so as to lessen the standard
OF the nations faith and call in question
4 It's honor to the extent of the forced de-
probation of the national stamped value
OF the metallic coin in question.
Jay W. Bee further states: while 1
shall not attempt to dispute the accuracy
OF Mr.. Peeler's figures with respect to the
silver currency of the Central and South
American countries, yet l feel compelled
TO take issue with him on his deductions
| drawn from these figures.
The stability of the Latin American
republics is so uncertain that their cur
rency, based on and backed by the tax
| ing power Of their respective Govern
ments, shares the general feeling of un-
stability and uncertainty"
My experience leads me to the knowl-
edge that the currency ofany country has
no purchasing power outside of the juris-
dlction OF The Government Of issue; and
in the case of metallic money, when it
strays beyond such limit, it is treated as
metal in bulk, or, as it is called, bull
! lon," it having been denuGed of the
| value impaired by the Government of
issue.
Again, the reason of the decline Of the
| value Of money within the limits Of the
| Government of issue may be many fold.
| First, it may be so weakened by reason
OF the presence Of other metallic sub
| stances lower in value than that for
| which it is issued, the substance purDort-
ing to be issued being either gold or sill
yer, the thing absolutely issued being an
alloy containing large percentage of a
less valuable metal; hence the deprccia-
| ton in its face value. Again, by reason
OF internal social disturbance, the coin
never being OF the same intrinsic rs face
value, difficulty would arise In the Op-
| pOrtunity to exchange it for wealth for
| which it is ostensibly measure of value.
Again. the coin having passed into the
| hands of bankers and money brokers,
! whose sole business 1t Is TO cause fuctua-
| tions in its value so as to bear with telling
/ effect against the wealth producer in his
effort 10 exchange such wealth for the
| recognized monetary measure, said
/ measure i'll the hands of cunning manip-
ulators constantly varying in its measure
| capacity in the same way as one might
suppose a measure in the hands of a pro-
tessor Of legerdemain ostensibly to
! hold a quart, yet under his manipu-
! latOn it would appear to hold
more than or less than q quart in obedi-
ence to his sweet will ct the time.
Again, said Latin American Repub-
1 lies being dependent on outside nations
for many of the necessities and all the
| luXuries of life, said other nations in
/ their commercial intercourse take ad
vantage Of every circumstance surround
ing said Latin nations; their isolation,
/ their unsettled population, and all the
other cOncomitants OF a weak and de-
/ tenselesS people make such OVer-reaching
| their coin measure OF values in contradis-
tinction to that of a powerful purchasing
| competitor is almost lost in the dicker, as,
mark you, both the measures are used to
/ the disadvantage Of the weaker in the
/ transfer of home productions for said
necessities and Injuries.
! To my mind there is no analogy be-
/ tween them and the conditions surround
! ing the United States at the time of the
/ passage of the Act Of Congress, February
| 70, 1862, that with one fell swoop deprived
| the nation of its in lnalienable right to
/ issue q measure of values to be used in
exchange based on the honor and integ-
| rity of the nation, and by that means
| handed the nation, bound hand and foot,
! over to the tender mercles of ShylOck,
who has from that moment to the present,
/ without intermissiOn or cessation, con-
| tinued to drive his usuriOus knife to the
| hilt in the nations breast, not only near
| est its heart, but absolutely into that or
gan, and has gloated over the throes Of
! agony i'll which the nation has been con-
vulsed; and not satisfied with The pitiable
| spectacle, racks his fertile brain to further
add to said torture, from which the peO-
| pie demand relief at the hands of its rep
| resentatives, said relief not to be dictated
| by the peoples sworn enemies, the shy
! locks of finance, but relief of the same
! kind and quality as that proposed by and
carried to successful issue by the mar
! tyr President in the interest of the people
Of this Republic, and against the machi-
nations of the shylocks, both domestic
and foreign, by the Acts of July II, 1861,
and February II, 1867
NOBLE FISHER.