West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1896-06-25
MONEY TALKS.
A FEW FUNDAMENTAL FACTS
In FINANCE
Another Interesting Article On the
Great Question OF the Day.
Written for Tnr Anon.

Written for Tux ARous
The more money in any country
the greater the per capita.
The less money in any country
the less the per capita.
PER CAPITA is term in financial
jugglery to deceive unthinking ones
into the belief that they are better
of than they are aware of. 1t is
based upon an anarchistic assump-
tion Of am equal distribution Of
money. Per CAPITA includes the
boarded treasures of the rich and
the circulating money passing
through the hands of the well.to do
and the poorer classes. Money in
the hands of the latter classes is the
true basis for a per capita among
common every day working people.
Millionaires, multi mi llionaires s.
bankers with their bulging vaults
TO loan but boarded for want of
confidence, syndicates, trusts, capi
talists-the mighty minority-have
an increasingly large per capita.
DO you not know large aud indus
trious families that to-day do not
have one dollar in the house may,
not even dime |? | do. Why is
this ? Largely because ours has
been converted into government
for and by and of the boodler, the
banker, aud such wards of the gov.
ernment as dependent manufac-
turers and poor railroad presidents
and the like and such. But the
banker holds down all. He has the
golden keys of the kingdom. He
has the primary money of the realm
| (of England), the money Of redemp-
tion. Financial salvation is in che
hands OF Shylock. TO him we are
in bonds to pay one geld interest
as nation and another interest as
individual borrowers. For my part,
| will not receive bank note if
can avoid it; for it is not legal
tender. l despise them. Two in.
terests attach to each note-inter-
est on the bond and interest by
some borrower unfortunate enough
to be the slave of this unchristian
money monopoly. II banker were
to come and sit down beside me at
the communion table, ! should
think of the golden rule given by
Christ and Of the golden rule of
greed practiced by the banker.
think / would rise and 60 in peace
and do my conscience no violence.
Yes, these bank notes carry two in
terests INTO the bankers pockets
and out Of the toilers. The green
back carried no interest. The sill
YER dollar brings him no such trib-
ute. But they we're not "sound
money" They had to go that the
laborer might sweat as an Egyptian
slave and mortgages blight the fair
homes Of America as cyclones never
can. The American home has been
made the victim of Mammon's con-
spirators. Pardon the depression.
| wish these American bankers we're
real bank Of England aristocrats,
50 l could express my opinion Of
them.
But to fundamental facts. Pn-
mary money is redemption money.
Paper money, as generally used, is
a promise to pay. A paper note is
redeemed when the money it
pledges is paid. Subsidiary coin
now consists OF silver, copper and
nickel. The law gives it's fat and
| 100 cents in any OF these equals a
| gold dollar. The silver dollar is so
cents fiat money aud 80 cents silver.
II you get your house burned and
your silver dollar melted out Of
shape you Will lose the fiat half.
Every silver dollar in circulation is
a fifty cent dollar, and John Sher-
man made it so, though he tries to
| persuade The people that gold and
his Fat deprecated subsidiary silver
is true bimotallism. 1t was not al.
ways thus. Sherman mado it SO
and President Cleveland has sane
toned the deed. In 1873 the sill.
YER dollar was worth 103 cents iu
/ gold. When outlawed as money
metal il lost its money value and
dropped as a commodity nearly one.
half in price with other commodi-
ties. We should never forget it
was The unit Of value given by