The Monitor-register., 1896-08-07
Communicated.
Money Question and the Com mon
People.


Gated on many points, but find that few
of them can give an unbiased person an
Intelligent answer in regard to the true
sense OF the money question and the posi-.
tion 1t occupies among the masses or
common people. Abraham Lincoln said
he was glad that he was one of the com.
mon people. He also said sTf the gov.
eminent contracts a debt with a certain
amount of money in circulation. and
then contracts the money volume before
the debt is paid, it is the most heinous
crime government could commit aoainst
people"
L am convinced that the money cues
tion is studied Misrepresentation. and
does not state facts, and for that reason.
would, on behalf of the common peo.
pie, place the facts in your valuable
paper. will quote nothing but what is
based on facts and history and will
endeavor to let the people choose from
them the clear and unbiased truth not
studied to deceive.
THE CONTRACTION OF THE CURRENCY By
DESTROYING THE GREENBAcKs.
In pursuance of this plan the act of
April 12, 1866 was passed, whereby it
was provided that regular and system.
attic cremation of greenbacks should take
place. This government money. the
greenback, the people did not pay interest
upon. Those holding 81. 900 were given
in exchange for 81, 900 untaxed green
back 81, 900 interest bearing bond.
But what of labor seeking employ
ment: Shylock has invested his money
in bonds. He has no need of labor.
True, labor must pay the interest on his
bonds, but he has no employment. While
! this 81 900 was in government money it
could have given to men employment in
some profitable business; but with bis
money invested in bonds, he kicks labor
into the street and growls about the
inefficiency of the tramp law. He does
nothing whatever to advance the interests
of laoor, but drains it's life-blood in pay
ment of his everlasting interest.
By investing the 81. 900 in bonds it is
taken from circulation. There is 81, ,00C
less for the people to do business with
and 81 600 more for them to pay interest
upon. 1t is enough to know the results
of ten years Of such legislation. Ter
years in which our government circula
tion was reduced nearly 81, 400, 600, 00(
and swept into the vortex of fnancia
ruin thousands and tens of thousands o.
our grandest and truest men.
On the 18th day of April, 1866, Con
gress passed law auth orizing the Secre
tary of the Treasury to sell $40 bond.
and with the proceeds retire United State.
currency, including greenbacks. During
this year there were but $50 business
failures in the whole country, involving
loss of but ST., ,625 90. l will not tax,
up room in your valuable paper, so will
skip to 1878. This year the storm reach
ed its climax. Business men had hoped
that, with every returning season, pros
poets would brighten and money woulG
become plenty. Instead of this, however
s. 1888 business failures were preoipitated
with loss Of 1925, 499, 900. Five hundre
thousand men were thrown out of employ
ment, wages cut down all over tht
country and strikes were of frequen
occurrence. In 1S76-just ten years
9O92 failures with $500 100000 wer,
recorded. What record for ten years
Who wonders times are hard and mel
idle? One million idle men began tt
tramp in search of work.
Bradstreet's publication for July 90
1895, shows th at on June Both ninety
four receivers were operating 156 rail
ways in this country. representing about
SO, 900 miles of railway. 1t shows that
during the last twelve months 46 rail-
roads, representing 6.72S miles, hav'
passed out of the hands of receivers by
foreclosures.
This same system of fnanoe-basiHf
credit on gold and causing the people o
the commonwealth to use SO cent dollars
and money made by steam, signed By
machinery, silver certificates, etc., offer
| ing the people no other redress but draw
ing gold from the treasury by the Sher
man coin note-is the same plan whereby
the Roman Empire fell.
Rome rose to high state of civiliz alton
They did not have everything that We
now have, but they had many things
that we have not now, and when she wa,
| at that great height of civilization her
strength was her farmers. The yeoman
ry was prosperous ard out of debt The
| mailed hand of selfishness was laid upor
the Empire Tt was the money lenders
| of Rome and Athens, and in shori
period they bad SO manipulated the
money of that country, the measure ol
values by which those honest and unsus
pecting people contracted debts in one
measure and had to pay them in dearel
measure, that they ruined that great civ
l
by the Italian hand organ.
That we have risen to high state Of
civilization does not mean that this
change in our monetary system is right
1t is the beginning of decline in civili
cation, and has been forced upon US to
pander to the selfishness of the men who
understood that legislation would be in
| their personal interest when they fostered
it. These are the footprints down the age
of history of the money power, which is
still forging chains for the limbs OF
American industry with a view to en-
shaving the American populace by rob
bing them of their homes and firesides.
and thus controlling their life, liberty,
and pursuit of happiness by controlling
their wages through the control and
monopoly of money.
But if we will follow in the footsteps
of Washington, Jefferson. Jackson and
Lincoln we will not 60 astray. These
are the truths which the people can b eed
and be saved, or heed not, and the Re-
public Of our fathers will be lost.
PATRIOT.
Soothing, healing. cleansing, DeWitt's s
Witch Hazel Salve is the eremy to sores,
wounds and piles, which it never fails
to cure. Stops itching and burning
Cures chapped lips and cold sores in two
or three hours. Geo. M. Andrews.