The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-10-21

duQ living dO0. ~
Gold is itself esttmas 6 by comparison
WIN oedhs. jssl
Many centuries since, when the African
merchant was DEALING III his gold from the
land of Ophir, he sought, first to find some
number that he could tivide by 2, 8 4, s.,
8 and II without leaviAbh remainder. He
found that in "a. He next sought some
thing that would repulsent these "a parts
most accurately. Hdlf6und in Abyssinia
a little black bean thatgrew the same size
anu weight more nearly than anything else
he could find. The name Of this bean was
carat. Gold was then the heaviest known
metal. He made cuheyof pure gold that
would balance just "a of these beans, and
that he called "a carat gold. He then took
out part of the pure gold and hammered
In an alloy of lighter and baser metal;
then it would balance % Of these beans, and
SO he could fix the gold to any fineness he
desired. We estimate gold today by this
same idea; but we lost this African and the
beans long since. Uaughter.) 1 there
fore insist that our bullion friends do great
injustice when they give all the glory to
the gold; when they ought in justice to in
clude the trinity of the gold, the African
and the beans. Roars of laughtero
l have shown you that the Shylock sys-
tenn of debt and usury was intended to-
and does work continual injustice and
wrong, andnecessarily eliminates every
few years in general wreck and ruin.
L call your attention to one of the favor
lite modes of ShyIockian robbery. They
holdingcontrol of the volume, push into cir
cuation at given time large sum, raise
prices and stimulate enterprise and induce
large and still larger debt until the people
and all their political divisions are we'll
covered and submerged in obligations
then they reduce the volume of circulation
and thus force the shrinkage of the market
value of labor and all property under the
specious plea of increasing the purchasing
power of the dollar. and then force the pay
ment of the inflated debt with the shrunken
values. thus increasing the weight of the
debts two three times without any in
crease in the nominal face of the obliga-
tons. To Illustrate: Suppose the bank
Jonas you 500, and takes your note there
for when wheat is worth 81 per bushel It
has loaned you the equivalent of fifty BUSH
els of wheat; after you have made the debt
1t goes to work and shrinks the value of
that wheat to 81 per bushel. 1t will then
take 100 bushels to pay that 800. 1t takes
just as much of your labor to produce a
IL
as when it is worth two: hence it has
doubled your debt on you without changing
the nominal amount on the face of your
note. It's due from you was so bushels Of
wheat; instead, the bank forces from you
100 bushels, thus robbing you of so bushels
For say to you that when a debt is paid
upon the same grade of prices it is made
such debt has been honestly paid, and no
n iC nd ir1ct
thus see why the usurers and those who
live on salaries and fixed incomes seek to
lower prices. They gather in more wealth
thereby but you also see that Sinking val
ueS after the debt is made is a process of
robbery of all debtors. The people have
have been wadng in this sea since 1873, and
the sad part of it is that you have ap-
proved of this robbery by your votes. and
many will still do so by voting in 1880 to
continue this robber system. 1t is certainly
manifest to all that if there were no debts
the robbery could not be practiced I
therefore urge upon YOU all to vote the Ma
tional party ticket, for once that party is
in power it will end forever this gross in
justice of robbery by law.
know that when I strike the point of
your leaving the party wi h which you have
heretofore voted, apprd hch. the domain Of
your prejudices,= thateat 4Pnce raises a bar
rier to prevent the calm Ind thorough con-
sideration of matters even of vital concern
to yourselves; but when great and over
shadowing issues at stake, which in
volve the welfare of many millions of per-
sons, including yourselves and families, as
do the questions now pressing for solution
it becomes your duty to rise above mere
partisan considerations and view such
questions fromthe plane of true states
manship.
Some will ask, why organize a new party?
The Democrat and Republican will re-
spectively claim that his party will arrange
it. 1 say to you, such hope is futile. This
giant evil has control of both the old sec
tional combinations, and controls them as
did the slave power formerly control the
Wing and Democratic parties. No matte:
which was in power, the will Of the slave
power was registered in the laws. 1t took
the organiZa ton of a distinct party the
Republican, to abolish the institution Of
African slavery of 100000 of persons. So
now it requires the organization of thu
National party to abolish the worse
slavery oftaday, that binds fifteen millions
of people.
African slavery was wiped out by an
publican party did the act an since done
the Democratic party indorses it.
You ask wherein was slavery abolished
by an act Of communism? l answer in this
legal titles were wiped out by a legal en-
actment without the consent of, or COM
pensation to. the holders of such titles.
The STAKEHOLDER held as valid legal tide
to his slave as any man today has to his
real estate All titles are legal creations
That title now has no existence 1t was
obliterated by a constitutional amendment
Neither did the title depend upon the ques-
ton of loyalty. The titles of the loyals
suffered the same fate as those OF the dis
loyal.
1t is a fundamental principle of human
liberty and human existence, that what
ever becomes inmicable to that liberty or
that existence has to give way, whether
titles in slaves, lands, bonds or banks, and
monied systems.
1t is better that questions of such magni-
tude should be settled by craftsmanship;
but it is true craftsmanship settles very
few questions of great importance to the
human family. They are usually adjusted
in so far they are adjusted at all as the
brutes settle disputes-by violence
In 1861 Abraham LINCOLN made the states
mans proposition for settling the slavery
question, in this: He proposed to pay the
holders $500 per capita for their slaves. and
ley voluntarily to refinquish their titles
The cost to the nation would have been
x%o #, # - nAcKlNrosn1
50 o" ~''4" y