The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1895-10-15

Vance.
Correspondence of the Progressive Farmer.
In order to prove the correctness OF
the above declaration, and at the same
time show that the POpulist party is
properly founded on the eternal prin
ciples of justice, the following extracts
are submitted:
THOMAS JEFFERSON
Bank circulation must be suppressed
and the circulation restored to the ma
ton, where it belongs. (S9e speech of
the Hon. John Davis, of K 4nsag, deliv-
cred in the House of Representatives,
August 81, 1893. p. 34)
The people never right their wrongs
as long as their wrongs are endurable
(See speech of J. D., Jan. Both, 1894,
p. 1O)
I sincerely believe that banking es
Establishments are more dangerous than
standing armies. Speech of J. D.,
Aug. 21st, 1898, p. 34)
The SIN I'll landholders are the most
precious part of a State. Speech of
J. D, OGt, 26 h, 1922
Franklin, being questioned as ID the
cause of the thrift and prosperity
among the Colonies, explained before
the Parliament of Great Britain hat it
Was paper money that made them so
prosperous. g. D in Honest and Dis
honest Money, p. 81
NOTE.-Fiat money had been issued
by the Colonies OF Massachusetts and
Pennsylvania and by them loaned to
the people on real estate security at 5
and 3 per cent. interest respectively,
and this increase OF paper money, &C
cording to the statement Of Franklin,
made I'll ines very prosperous.
GALLATIN.
The right of issuing paper as cur
rency, like that of is suing gold and silver
coins, belongs exclusively to the nation
and cannot be claimed by any individ
uaIs. IS . Writings of Gallatln, Vol.
3, p. 429; or Dangers of the Money
Power, 10y j. D., p. As
CALHOUN
Whenever a paper currency, recelv-
able in the dues of a government, had
anything like a fair showing it has
succeeded. Speech of J. D August
21st, 1898, p ~
BENTON.
The government itself ceases to be
independent, it ceases to be safe, when
the national currency is at the will Of
a company. All property is at their
mercy. Speech Of J. D, Aug. 2lst,
1898, p. 81
WEBSTER.
When all our paper money is made
payable in specie on demand it will
prove the most certain money that can
be used, to fertiliz9 the rich mans field
by the sweat Of the poor mans brow.
Speech Of j. D., Aug 5jh, 1892, p. ~
CLAY IN 1G4O
II the currency be greatly diminished
as in all example it has been, how is
this debt to be extinguished? See the
philosophy Of Price, by N. A. Dunning,
Of the National Watcbman, Washing
ton, D. @, p. 49,
NOTE.-The above principle is now
applicable to a still greater degree than
1t vas in 1910.
INGALLS,.
No people in a great emergency ever
found a faithful ally in gold. It is the
most cowardiy and treacherous Of all
metals. q. D., in April Arena, p. 48)
LOGAN.
The people have realized that their
most prosperous times were when cur
rency was most plentiful. Speech of
J. D., Aug. 26, 1898, p. 37.)
STEVENS
Testimony Of the Hon. W. D. Kelly:
l remember the grand old commOner,
Thaddeus Stevens with his hat in his
hand and his ane under his arm, when
he returned to the House after his final
conference (0n the exception ~clause),
shedding bitter tears over the result.
Yes" said he, I'VE had to yield. The
Senate was stubborn. We did not
yield until we found that the country
must be lost or the bankers gratlfied,
and we have sought to save the coun-
try IN spite Of the cupidisy of it's
wealthier citizens" See speech of Mr..
Kelly in the House, J IN. 18Th, 1876, or
speech of j. D, June 47h, 1894, p, 80
NOTE The first sixty million dollars
of Treasury notes, called demand notes
we're issued by Congress under ac5 OF
February 18th, 1862. These notes we're
a full legal tender for all debts, public