The Caucasian., 1895-11-21

ing and forcing every man into the
army between the ages Of eighteen
and forty-five, except those who
owned as
MANY AS TWENTY NK6KOks
or course this was a species Of class
legislation in the interest Of. and for
the protection Of the rich slave own
ers. And the national banking sys-
TEN, inaugurated in 1854, was class
legislation, in the interest Of money.
The government alone should issue
the money, whether coin or paper.
The issuing power should be taken from
the banks. and
REBToHED TO THE PEOPLE
to whom it properly belongs "-THoxAs
But modern Democracy says Jeffer-
son was an old fOgy and didn't know
what he was talking about.
III Congress has the right under the Con-
stltutlon 10 issue paper money il was given
them TO use by themselves, not TO De delega.
TED TO individuals or corporations."-AN
DREW JACKSON.
But Andrew Jackson is a back num-
v.
place the money power in the hands of
combination OF few individuals and
they, by expanding or contracting the cur
rency may raise or sink prices at pleasure,
and by purchasing when at the greatest de-
preston, and selling when at the greatest
elevation, may command the whole prop
erty and industry Of the community. The
banking system concentrates, and places
this power in the hands of those who con-
troll it. Never was an engine invented bet
ter calculated to place the destinies of the
many in the hands of the few '-JoI N C..
CALHOUN.
But why quote further2 The teach
ings Of Jefferson, Jackson, Calhoun
and Others have no attractions for
Democrats of to-day whose patriotism
is measured by the lOaves and fishes in
sight.
Think of it. Suppose even twenty
years ago President had suggested
the issue of
HALF A BILLION OF BONDS
to run fifty years, and to be paid, prin-
cipal and interest, in gold. Wat a
storm it would have raised; and the
Democratic party would have filled
their papers, covered their platforms
and almost exploded their lungs in
denunciatiOn of it. And they would
have been entirely right. Now 9
Democratic President
DEMANDS SUCH A MEASURE,
and the people hear but little or moth
ing about it from Democratic sources
suppose twenty years ago PROPOSE
tion had been made to redeem the
greenbacks in gold, and then to redeem
the silver coin in x Id! Such prop
Osition has now been made, and, appa
rently, excites very little surprise Ol
wonder.
| Positions are now being taken in
governmental councils, policies are
being pursued, and measures advOca
ted with the tacit consent or actua
support of the people which, thirt!
years ago, would have
STIRRED UP REVOLUTION.
What is the remedy! The natiOna
bank legislation which cOnfers upOr
private corporations the power to issue
money should be repealed, and th'
laws of 1884 and 1887, which provided
for the equal and unlimited coinage o
both gold and silver at the ratio of i
to should be re-enacted, supplement
ed by full legal tender treasury note
sufficient IN volume to do the bust
ness of the country
| ON CASH BASIS.
This would promptly restore prices t.
labor and labOr's products and brinj
general prosperity to the people.
1t is the universal experience of tn
world that abundant money make
high prices; scarce money low prices
l can understand why the owner O
gold mine should want all standar
: money made from his material, be
cause it
. QUADRUPLEs THE VALUE
, of his bullion. | can understand VIII
the owner of bond which may be dis
charged with money made from va
rlety of materials should want t
change the terms of his bond and max
it payable in money of one materia
, only, and that the very scarcest, be
> cause the value of his bond is thereb
enhanced many fold. l can under
: stand why the selfish owner of man
millions of money should want to
DESTROY ALL MONEYS
. except his own, because the purchasin
:, power of his dollar is thereby apprt
4 ciated beyond computation. But
' can not understand why the man VIII
owns no gold mine, no bonds, n
money, whose only capital is industr,
whose happiness is employment at RI
munerative wages, whose success is a
=, adequate value of his products and h
e e property; why such man should fave
= gold mOnOmetallism, favor a contra
= tion o. debt-paying money, favor
a policy which
4 RELEGATES TO BANKS THE PRIVILEGE
and rower to supply their quantum
money, is to me paradox. Our entil
indebtedness, national, state, count
municipal, corporate and otherwise,
: estimated at from $4,000, 900 900
s $4,000, 100000. l therefore affirm tn
8 there is not money enough OF all kin
d in the United States to pay the II
v terest on this sum for one year.
r. MEDICUs.
n Raleigh, n. c., Nov. Is, 1895.