The Breckenridge news. (Cloverport, Ky.) 1876-1955, 1895-06-12

Grand total ..... $l326 1.
In the above illustration the debtor IL
robbed (by law of SS6l2; and this il
the inevitable result OF the system r ?
so eloquently advocates. Were the deb
larger and the period of time longer ovel
which payments extended, the result
would be far more disastrous to the
debtor.
LISA system by which the people of the
United States, who have paid their bond
holders four times the value of the ma.
tional debt when at its highest point,
are more deeply in debt to them to-day
than they were before they paid single
dollar, and by which, il the system shall
continue, they will be compelled to pay
the debt over and over again.
/ may be dishonest in pursuing my in
vestigations and drawing the conclusions
l do; but we all know that r P S is
honest and conscientious in advocating
the system illustrated above, the system
we are enjoying the blessings Of now.
That is the system the bankers are
holding Sound money" conventions in
the interest of to-day. Read the des-
criptions of these bankers banquets,
their costly and sparkling champagne
drunk at these feasts, and Judge you
whether these conventions are held in
the interest of the people. And to think
r p S would write in support of what
such legalized robbers call "honest
money" is pity indeed,
God surely had r P SIS and the bank
ers' "honest money" system in mind
when he said Hath given forth upon
usury and taken increase shall he then
live? He shall not live; he hath done
all these denominations he shall surely
die; his blood shall be upon him."
Ez. Is: l9.
Again, "Thou hast taken usury and
increase, and thou hast greedily gained
OF thy neighbors by extortion and hast
forgotten me, saith the Lord."--Ez 22:12
But the political bosses who control
the two old twin frauds say, at is the
best banking system the world ever
saw" and the glib little partisans every
where parrot-like report the lie. With
the average gold bug and old party wor-
shipper the word Of God is not to he con-
sidered If it clash with the wise (?) say
ings OF the great ~ political leaders.
The Professor proposes to accept Jeyon,
Walker, Perry or Macleod on intrinsic
value, il l will accept them on definitions
and functions OF money. That is to say,
if / will accept them where they are
wrong he will accept them where they
are right. No, sir. l will accept no
false theory however high in authority
the advocate OF that theory may be held
to be. 1t may be CONSTANT with r P SIS
principles to compromise with error; but
it is not with mine.
r p s has given some quotations in re-
gard to colonial money, showing that it
deprecated in comparison to English
money, and concludes that, therefore, it
was not good money.
Let me note one or two OF them. He
quotes Prof. Sumner as follows on Penn
sylvania money; 'The rise Of exchange
on London was first 100; 100, later $50 or
100: l00." And he straightway jumps to
the conclusion that Pennsylvania money
was no good What logic! But it is
the logic of all gold bugs; with them
everything must be measured by the
English standard. The Professor is
keeping up his parity" Of reasoning
better than the Cleveland administrator
is keeping up the parity" Of the so
called precious metals. Our money TO
be good must be on parity" with Eng
lish money, "dontcher know"
The Professor has set out to demolish
irredeemable paper money, and here is
how he does it. Quoting from that same
Sumner on Massachusetts money, he
says, 'In l706 exchange on London 1875
per cent, l849 (he meant l749) HOO per
cent. Later Massachusetts, redeemed her
paper at ILL.," So this colonial money
turns out TO be redeemable script after all
his own kind Of money, not mine He