The weekly intelligencer., 1895-09-07
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Lexington Intcllixencer
From John u. Carlisle, February n,
1873, in the congress Of the United States
l know that the worlds stock OF precious
metals IL none too large, and l see no
reason to apprehend that It will ever be-
come 30. Mankind will be fortunate,
indeed, IL the annual production of gold,
and silver coin shall keep pace with the
annual increase OF population, commerce
and Industry: According to my view Of
the subject, the conspiracy which seems
to have been formed here and in Europe
TO destroy by legislation aud otherwise,
from three sevenths to one half of the
metallic money OF the world Is the most
gigantic crime OF this, or any other age.
The consumatiOn OF such Q scneme would
ultimately entail more misery upon the
human race than all the wars, pcstilcnce
and famine that ever occurred in tho his
tory OF the world. The absolute and in.
stantaneOus destruction Of half the entire
movable property of the world, including
houses. ships, railroads, and all other
appliances for carrying on commerce.
while It would be felt more sensibly at the
moment, would not produce anything like
the prolonged distrers and disorr n nization
OF sOciety that must inevitably result
from The permanent ahnihilHtiOn Of ono
half OF the metallic money OF the world.
Congressional RECORD, forty. nth con.
gr~ss, app, p. 43: There Is now plenty OF
work for all, but no money to pay for II.
MIR. Jefferson. the first great democrat of
the country In substance expressed him
self rs follows: Bank paper must be sup
pressed, and the circulation restored to
the nation to whom IL belongs. The power
to issue money should be taken from she
banks and restored to congress and the
| people. l sincerely believe that ban king
| establishments are more dangerous than
standing armies. I am not among those
who fear the people. They, and not the
/ pS<~1n SAS HDa In. x.u<}
freedom. Aud to preserve the indspend.
ence We must not let our rulers load NJ
with perpetual debt. Put down the
(uatioual) bank, and II this country could
not be carried through the longest Wal
against her most powerful enemy without
even knowing the want Of dollar; with
out dependence on the traitor o - class o
citizens; without bearing hard on th'
resources Of the people, or loading th'
public with an iudeinite burden Of debt
l know nothing Of my countrymeu. fo
Q century or more, Jensrson. jackson
Benton and other great leaders Of tn
democratic party held the above views
bond Issue, fres from all taxation. bu
bearing interest 70 be collected on th'
people, and coutinues the existence oil th
national banks. We quote . plank frou
one OF the democratic platforms OF thoe
ks:oived, That congress holds n,
} power 70 charter Q national bank; the
, We believe such an institution one @
deadly hostility TO the best interests q
T the country; dangerous 70 our republtca
institutious and the liberties OF the peo
pie, and calculated 10 place the bushes
Of the country within the control OF con
centrated money power, and that abov
: the laws and the will Of the people; an
a the result OF democratic legislation
this and all other duauc al measures upo
= which issues have been made between th
two political parties Of the country hav
demonstrated 70 candid and practical me
4 Of all parties their sounduees, safety an
utility in all business pursuits.
Resolved, That the separation OF u
: moneys OF the government from the banl
Ing institutions 10 Indispensable for u
= safety Of the funds Of the government a.
the rights OF the people.
. But Mr.. Carlisle and Cleveland say NJ
4 let the people bear the rotten bonded ~
tenn in the interest OF all gold synd
y Gates. 10 1882 the Hon. ID. w. VOorhe'
said: Twenty years ago the govern mel
fortified, built up and encouraged tn
v overshadowing system Of national banks
!. He said much more p the same enec
4 parity from the people and ruin the couI
, trv aad all the country with tramps "a
a iar1iis favoru constitutional money,
did James q. Blaine In '78. Mr.: Biaii
q said congress, under the constitution, b.
4. no right TO demouetise silver or gol
This b exactly the truth. Blaine was o!
Il Of the ahlest men who ever lived In u
Unitsd states. But the John Sherms
u democrats will not believe this. Yo
n might % we'll attack with pocket ptst
the peaks Of Tennessee or the Rocl
u mountains A. TO disputate q syilogis
!, against Willful ignorance.
pr..iAsnt IJncoln Wiahed the heads
u all aimiug 70 corner the money OF q
country and taking il out OF the hands
the people by gambling on bank stoc
n and coutracting the circulation, shot Q
;, Much OF the above We quoted from 9
u Arena, March. 1895. YAM