The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1895-01-02


child in Europe. and over here 1t
hangs high in the four million dollar.
five hundred millionaire club room IN
New York. This class Of men mas
the ear of the government. and Win
some honorable exceptions commands
the press. our legislators acting IN
accordance with the suggestion MADE
bv Judge Brawleyin his speech on tne
repeal OF the purchasing clause OF the
Sherman act: that. upon hnanclal
questions advice should be sought
from bankers. as their familiarity with
finance renders them most competent
TO instruct: they usually repair to
New York for information and lnstruc-
ton. Ofcourse they receive the aovlee
of the spider to the fly. Walk into
our parlor." There is nothing more
natural than that these gentlemen,
manifesting a most earnest soltcltude
Cor the maintenance of public integ-
ritv and national honor, and indulglne
in such clear phrases as sound money;
honest money, having the key placed
in their hands by men who have not
informed themselves upon this sub
ioct. should Immediately proceed to
help themselves and then lock the
store house against the general public.
There will be no relief until the
South and West wrest this key from
the hands of those who live by the
profit of capital Mr.. Calhoun SAID
volume II, page 34S, works(: .Inere
is a dangerous antagonist relation be-
tween those who hold or command the
currency and the rest OF the commu-
nitv." IN speaking OF this class IN
Which he includes the wholesale deal
ers and master manufacturers, Adam
Smith SAYS (see Wealth OF Nations
Daces 203 and 203: THE plans and
projects OF the employers of stock
rcrT,!ate and direct all the most I'M
poriant operations of labor: and profit
! IS the end proposed by all those plans
and projects. But the rate OF profit
does not. like rent and wages, rise
| with prosperity and fall with the de
clension of society. 1t IS always
highest in the countries which are
going fastest to ruin. The pro.
0os,I of any new law or regulation of
commerce. which comes from this Or
der. ought always to be listened to
with great precautlon, and ought
never to be adopted till after having
been longand carefully examined, not
ONLY with the most scrupulous, but
with the most suspicious, attention.
y comes from an order of men whose
interest is never exactly the same
with that Of the public, who have gen
orally an interest to deceive and even
to Cypress the public, and who acord-
inglv have upon many occasions both
deceived and oppressed it" This leg
islative key in 1861, on the withdraw
al of the cotton States from the Union,
passed from the agricultural class
into the hands of the merchant and
manufacturing class of the Northeast,
and right well have they welded 1t,
as Adam Smith asserted, to deceive.
Cypress and rob the other sections OF
tho Union. By doubling the restrictive
duties they first acquired the war obll-
cations of the nation, and then by Il,
| nancial legislation doubled, trebled
and quadrupled them in value.
The interest of this section in finance
is almost identical with that of West
ern Europe to double the value of the
money and money obligations which
they hold, and to depress the price OF
cotton and wheat, which they BUY
from the South and West. To do that
which was denounced by the prophet
Amos among the corruptions of Jero-
boam: ITO swallow up the poor Dy
making the shekel great and the
ephah small These lords of finance,
of the loom. the factory and the fur
mace, protecting the banks and the
shops and plundering the fields, have
so depressed and despoiled agriculture
that our great staple products are now
selling below the cost of production,
as our chief articles of export no long
er maintain the exchanges In our ia
vor, and as the treasury reserve IS
drained to settle the balance Of trade,
which suicidal legislation has set
against us, this robbery and oppression
is made a pretext for further extortlon
in the shape of repeated issues of gold
bonds to furnish investment for
the usurious interest levied up
on the South and West. This
class of men, who live by the
profit of capital, controlling the
government and hostile to the interest
of the general public, during the past
thirty years their term of supremacy
have legislated into their possession
all the railroads, telegraph lines, va
cant lands. mineral lands, and through
the instrumentality of loan assocla-
tons have shingled our farms and
homestcads with mortgages. owning
everything in existence, they are now
seeking. through the repeated issues
OF new gold bonds, to secure liens
upon the energy and industry OF 1u-
ture generations. These are the gen
tlemen. their hirelings and parasites,
who dwell in glowing periods on the
symmetrical beauty of the gold stand
ard. who speak with an air OF honest
sentiment about individual and Ma
tional integrity, and roll under their
tongues as sweet mOfSelS SUCH CIeNe.
catch words as honest money,
sound money, full value OF money
of the world. :
To suppose that this class in Europe
who by the prescription OF ages con-
stitute the dominant element, who
boldly avow their intention by main
tanning the gold standard to reduce
the social status of the agriculturist :;
because. it is for the stability of gov,
eminent that capital shall rule, and
Democracy find its home in the rural
sections. that they will impair in the
least their power by virtue of the sin
glegold standard, to control and ap-
propriate the labor Of the masse :oy;
agreeing to the free and unlimited
coinage of silver, is to suppose that
greedy averice can be Stacked, that
the daughter of the horseleech will
,n,.o 70 o,,,- fo,, mono In E'i1rOnn he