The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1895-01-22

G646Q.
Second. The government cannot
create wealth.
Third. The government creates
money, therefore it is not wealth.
Fourth. AS nothing but wealth
should be taxed, and as money is not
wealth, therefore it should not be taxed,
neither should it tax any one.
A violation of these propositions
have brought upon the civilized world
poverty and distress amidst an abund-
ance such as the world never saw be-
fore. It has piled up mountain of
debts, and the interest from this gorges
money to centres and shrinks values,
paralyzes invested capital and labor,
assists few to control the price of the
output of labor. 1t stands in the way
of all reforms in Church and State; it
puts a muEzle on the minister's mouth
and makes our rich churches ''whitened
sepulchers while inside they are filled
with dead mems bones;" it hides pow
erty and crime; it is the support Of the
|
door lies nine tenths of all the misery
and wretchedness of civilization; it
causes millions to st6rve amidst an
abundance; it converts the blessings
of God into curse; it destroyed every
ancient nation of note and it has it's
fangs deep in the vitals of every civil
lied country, and it is the omen of all
villainies and is known as the credit
system.
Labor produces wealth by tilling the
soil, developing the mine, converting
the raw material into finished products
to supply the wante of man, and we
have an abundance of skilled labor and
raw material and the machinery to
convert the raw material into useful
forms and millions of idle labor ready
to build more factories, open more
mines and billion dollars of idle
money ready to employ them to de
velop more mines, supply more raw
material and produce more of the
necessaries and luxuries of life. And
with this abundance to supply the
wants Of all, why are millions out of
employmen5and suffering for thence
saries of life9 There is not the money
in the channels of trade to make ex
changes and employ labor. Why is
the money out of the channels of trade9
We farmed out our medium of ex-
change to corporations and permitted
them to tax commerce for its use twice
that of the accumulative power of
labor, and the interest from this has
been loaned and re loaned, piling up a
mountain of debt, and the interest
from this has congested money to CEN
tres, shrunk values, decreased the con-
sumptive power of the people, entailed
production, forced mills to suspend
operation, thrown millions out of em,
ployment and increased poverty and
crime. Why does interest congest
money to centres7 Because Of the ina
bility of the farmers to price their pro-
duce at rate that will force money
from the centres to the channels of
trade. What is the remedy9 Estab-
lish an economical system that the
farmers can price their produce and
prohibit interest on money by national
enactment. 1t is interest on money
that piled up a mountain of debt on
real estate and gave the creditors the
ability to corner money, fix it's value
as an exchange, and they are engaged
in squeezing more of the necessaries
and luxuries of life into their fixed in
comes.
The issue before the American peo,
pie is this: Shall we establish system
that will assist the farmers to price
their produce and force money to per-
form its function of making exchanges
without taxing commerce, or shall we
continue the present ruinous credit
systeml To advocate more money to
relieve our distress when we cannot
get what we have is nonsense. What
the nation needs is a system that will
assist the farmers to price their pro
duce and make our exchanges In
equity, and this will force the money
locked up into the channels of trade,
and as we need more, let the govern.
ment issue more and put it into circu-
lation without taxing commerce.
The issuing of more money, the un-
limited coinage of silver will not break
the corner on gold, and it will not as
sist the farmers to price their produce.
The political struggle is to place labor
and capital where they can control