The people's journal. (Pickens, S.C.) 1891-1903, 1894-03-08

} or any other ago. Tho consumma-
tion of such scheme would ult1-
matoly ontail more misery upon
tho human race than all the wars,
pestilences, and famines than ever
occurred in tho history of the
world.
/ Tho pedigree of that act which
ls correctly called n crime against
tho people is interesting, and can
not be too often repeated. The
progenitor Of the act demonotizing
silver was the credit-strengthoning
act passed in 1859, and it in turn
was sired by tho act of April 12,
1866, which provided for the re-
tirement Of large non-interest-
bearing dobt which was circulating
among people III the shape OF our.
rency. BY this law a largo portion
If that legal-tondor currencywas re-
tired and burned, and interest
bearing bonds issued in tho place
of it. This CRIME against the pro-
ductive and commercial pursuits
of tho uation was tho direct Off
spring of the parent of the whole
conspiracy--tho act Of February
25, 1862, which placed tho oxcep-
tion clause on the back of tho Trea-
sury notes, and by discrediting its
own papor the Government caused
gold to 60 to premium.
Tho OWL, thon, which started
this train of class legislation cropt
IN at timo when the people and
the Congress had thoir whole at
tentlon conferred upon tho civil
war. Two celebrated documents
outlining this train of legislation
IS a conspiracy woro published
1bout the close of tho war; they
're known as the Hazard circu-
lar sand the Buol circular; they
havo boon published in evory re-
form paper in the land and often
read upon this floor. Tho authcn-
ucity of both these circulars has
been oTton challenged, but it never
can be again. All questions as to
authenticity is barred by tho fact
that tho worry conspiracy outlined
in those circulars has bcon enacted
, into n law and now stands as &
matter of history. Tho podigrct
thcn commences with the oxcop
ton clause on tho back of tho Trca
sury note, which created market
fer gold to pay duty on imports
and interest on tho public debt.
This caused gold to go to pre-
MUM and opened tho way to tho
act authorizing tho snlo of bonds,
to redeem and destroy part of the
Treasury notes. The bonds wore
sold for the deprecated currency
and that oponed tho way for tho
crodit-strengthening act making
the bonds payable in coin, which
meant gold or silver coin; then the
demonstration of silvor in 1878
struck down half tho coin and con-
scquently doubled tho purchasing
power OF tho balance, at loast it
would have done 80 in tlmo if tho
coin came into gonornl use; but
tho Indignation Of the people was
such that in five years thoy socur-
cd partial reconciliation Of sill
yer by tho Bland-Alllson act Of
1873, and tho pressure of tho con-
traction among the people caused
tho passage Of tho Sherman law in
July 1890, as n compromise be-
tween the Bland-Alllson law and
tho free coinage of silvor. ! have
gwen tho progonitors of tho demo.
nctization of tho silvor act, and
am now giving its progeny. The
Sherman law was tho second son
but neither it or tho Bland law
wnro moro than half legitimate
it is tho third son that Is tho pct O
tho family. He has already beer
born and christened "uncondition
al repeal" He is Il little darling
; and completes tho conspiracy
, against the money of the people.
: IS TT EXPEDIENT?
The civil war closed upon pGO-
pie prostratcd by iivo years, strife
I