The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1893-09-08

Having shown plainly and without
any quibles or deception that money
has and can have only legal value, for
as soon as you attach intrinsic value
to II 1t ceases to be purchasing with
money and becomes barter.
Let me show you what honest
is, as at present understood
by those who use the term: The dollar
that will buy the most labor. or labol's
products. Is considered the more hon
est dollar. III those who have fixed
Incomes can buy two dollars worth OF
labor or labor's products with one dol
lar, no matter of what the dollar Is
made. 1t is called by them an honest
dollar and the mass of the people |
without knowing what they are talk
ing about parrot like, exclaim honest
money.
Now, let us look at the money Of |
the world without any sophlstries or |
deception. Congress alone shall have |
power to coin (oreate money. Jefferson
to Mr.. Epps,) money and regulate the |
Ia there, why should Congress regu-
late the value thereof" Where does
Congress regulate the value at? Does
IL regulate the value in the whole
world? Now. any man with one ounce
of brains between his long ears Knows
it only regulates its value in the realms
of the United States, and when tho le-
gal tender is stamped (the iiat) upon
the precious metals, as soon as 1t
leaves our shores the legal tender
leaves 1t, as 1t is not received by nu-
merical mathematics, but by weight
mathematics. as 1t goes in the scales.
as does corn. wheat. potatoes, bacon
or any other commodities, but our
treasury bills are received by numer-
ical mathematics (mouey), so you see
the term. money Of the world" is
only used to deceive the thoughtless
| Another of those eminent statesmen
| (Bayard), quibbles that 1t takes two
weeks labor to get out sixteen dollars
Of gold, a great discovery for the mind
OF our eminent statesman But
there IL one thing that our eminent
statesman" did not learn that some
others did, that it did take four weeks
of being shot at, to get out sixteen
dollars OF treasury notes (greenbacksl
which saved tho country. Does that
eminent Statesman" know where
gold anu silver was then? It Yves
where IL always goes Ia such cases, out
OF harms way. and where labor Is the
cheapest. 1t never went on the battle-
ield. And does he know that by put
ting the mark OF liar upon the treasury
bill (tho exception) that the farmer,
merchant, mechanic and soldier re-
ceived forty cent. dollars. and the
gam bier in bonds and blood, received
dollars from one hundred and fifty
cents, to two hundred and eighty
cents, and the class who received the
forty.cent dollars after the war was
over, had to go to producing. to pay
Insurers and gamblers for the powder,
balls etc, used to save the country.
viii not the money that served us
in adversely serve us In prosperity;
Now let us look into panics and see II
we can lind the cause. hemomber. some
Of our statesmen OBTAINED attorneys
OF corporations) are telling you the
cause oil the present panic is the pro
ducng class have the money boarded
In draws, stockings and old pots.
Eight hundred millions out OF circu.
lation held by the producers. i'm.
poYerishing themselves and theii
uelghbors, and IL YOU can find a man
who believes that hit him in the fore.
head and you Will have an echo. which
1897, money TO the amount OF thirty
J millions, and contracted six millions
and brought on the panic. We thei
int reased 1t up to thirty-three mil
: lions, and started the wheais OF In
dustry and in 1887 we had incre sec
up to forty millions OF money, and
. contracted tell millions, which caused
= the terrible panic, with the bread rloi
In New York, and Pennsylvania issued
three mllllons of relief notes and re
lieved her people to great extent.
We then increased the circulation VI
to sixty millions and again resumed
1 prosperity. In 1877 we contracted the
circulation fifteen millions and as O
result II panic. and as our mRnufactur-
) Ing Industries were increasing so muct
we increased the circulation steadily
! up to two-hundred and seventy mil
j lions. we had q panic OF short durutl OF
4 In 1858 caused by demand for specie
when the banks suspended specie pay
l. ments, as they always do when 1t i
D. demanded Such Is the confidence
|, game OF banks OF issue, all is we'll will
Q them, while tho people are satisfied I,
u accept confidence, but when peopl,
demand money. they politely clos
doors, post Il bill on, suspended speci
u payments. cause panic, and fore
y people to accept their confidence tick
% cts again 1t Ia now a question
It whether banks and railroads shall CO..
troll the government. or the govern
ment shall control them.
The panic of 1873 many remember +
l. their sorrow, was caused by contract
t. ing the circulating medium and Great
y Ing bonded debt, for the benefit o
n banks and usurers and the demoneti2
4 Ing OF silver, and remained until 1877
n when silver was remonetized and tn
: circulation inflated. Perhaps som
A. may want my authority for this hii
m torical information, aud | would sa
, 1t ia tito learned Judge Warwick Ma
"a tin.
"a Now for tho present panic: Wa
"a street, which is far worse than Sod OF
N and Gomorrah when God Almight
40 rained lire and birthstone on them an
M the National Banks have been Il
Al cause OF this cruel and uncalled IL
r., panic, and am sorry to say they hay
the countenance IL not the aid of Il
n first Democratic administration f.
"a thirty.tlree years. and | beiivr will
II the last for the same number OF yea
m again. 49,.
20 The bonds being paid off, bank char
he ers expiring, and knowing the peop
viii never consent to the old wild C
nj stuth bank system ugain, they SGT
mr. g. new lease Of uSury, and by hoHr,iiI
d. tho geld and contracting the eurrenc
have brought on the panic. with u
"a Intention Of causing the dem onatIZil
M OF silver, and forcing the goYernme
70. to sell bonds for gold. Silver afTor
ct. them little usury, and therefore is
tliNiA way w II
chnnic complains OF having too mu
silver.
Ihnir idea OF hqvlng the business
80 this country tied TO scarce artic
Standard of value" IL 50 that til
can own and control 1t. and force pc
IN pie to buy it OF them to pay the
nm with, and then they can comma
Ter their own price and rate OF usury.Nl
ay- why do not those who aro interest
w in high turih follow tho example
the gamblers and usurers. find
re, palace steamer, get Cleveland and
ith right bower La mont. aboard and a
Tor vert him to them as did tho usurt
OF ana gamblers, then he would sen;
message to his tools in Congress
an commencing another Mckinley
MS upon the top of the present one.
Gu, On. j. Is. NEIGH.
her WuMiNGroN, DEL.
oub ---<-~
lhe The True Laxative Principle
W ~ OF the plants used in manufacture