The Louisiana populist., 1896-01-03
ABOUT CONTRACTION.
CONTROL THE PEOPLE BY CON-
TROLLING THE CIRCULATION.
The Most important Lessons In Finance
simplified In a Most Timely Way on the
Contraction OF the Money volume-And
Money Spectators Know 1t.

Most everybody knows that a good
deal of money will buy more, that is
measure more property, than little
money. The people also know that
when things are worth more than a
dollar, the value is measured by the
number of dollars which will buy them.
They also know that everything they
have to buy is measured by the
number of dollars il costs, and
everything they have to sell is
measured by the number of dollars it
will fatch. Everybody knows that
money measures b. numbers and not
by weight or by size. The value of all
property for sale is measured by the
number Of dollars it will fetch, Just
the same as the value OF horse or
COW is measured by the number OF dol
lars they will sell for. All the
things for sale are measured by
all the money in circulation and
all the money i'm circulation
is measured by all the things for sale.
Ii there is Very little money the things
for sale viii be very cheap, and if
there is "a great deal of money they
will he dearer. All depends upon the
amount of money in circulation as
compared with the property for sale,
and inasmuch as money measures pro-
perty by the number OF dollars, the
amount OF property that can be
measured without changing the price
depends upon the number of
dollars. and when more property is
created by the growth of the popula-
tion and business, it takes more dollars
to measure it. The dealers in money
and owners OF dollars want their dol
lars to measure as much property as
possible. In other words, they want
to get all they can for their money,
and the less money there is in circula-
tion the more they can get for a dollar.
For this reason they destroyed
half the dollars in the world by the
demonetization of silver. This added |
enormously to their wealth, because
their property consisted in dollars and
bonds which are agreements to deliver |
dollars. After they had destroyed half |
the dollars it made it much more diff |
cult for the debtor to deliver dollars, and |
took twice as much property to buy dol
lars to pay debts. The bonded in
debtedness of the world is probably a
thousand millions. These
bonds are not property, but they are
agreements to deliver money, and the
people are compelled TO sell their |
property to buy money to pay interest |
on this enormous amount of bonds |
The people of the civilized world are
now taxed about as much as they can
pay, but they are not able to pay the
interest on what they owe. The
bonded debts by borrowing money to
pay interest on borrowed money
arc increasing about thousand
millions year. II the gold men who
own bonds are allowed by legislation
10 continue to make money scarcer,
how long will it be before the bond
holders own the property. together with
he men and women to work for them
- slaves? The approach TO the condi-
Non OF slavery has been very rapid in
Fhe last twenty years, and if the gold
men can remain in power few
Tears longer there will be nobody
10 resist them but slaves, collies,
poems, or serfs, who work for their
masters who have the money. This
of serfs or coolie slaves exis-
ed in Europe from the time few rich
men. by contracting the currency, got
All the property, until the people got
money from the gold and silver mines
,f Mexico and South America, and es-
;ablished the civilization which we now
,njoy. and which the goldites propose
% destroy. In Asiatic countries
slavery has never been disturbed.
4 few nabobs, or mandarins have
Ill the money, and the people are coolie
slaves. The only country in Asia
which is advancing toward freedom is
Japan, and the advancement of Japan
S owing to the abundance OF good
money in circulation, which she has by
'eason OF free coinage of silver. II
Asia continues TO use silver as money,
he time Is not far distant when Asiatic
conditions will be established in this
country and a greater degree of free
lom obtained in the orient. 1t may he
aid down as an unquestioned PROPOSE
ion that in the absence of famine,
plague, or some great and well-known
that there is nothing which
,an destroy civilization but contraction
II the money volume, producing falling
,rices, stagnation and ultimate barba-
ism. The efforts OF man to advance
n civilization have been thwarted
more by the cunning OF the para
'ites, who are inspired by avarice
md hive on usury, than all the calami-
les of war, pestilence. earthquakes.
amines, and the deadly poison of
The weapon of the hu-
nan monsters who suck the life-blood
II civilization is contraction of the
money volume, and la. that word con-
,raction is included sll the pent mp