The Penn's Grove record., 1897-01-01
4 FINGNCIHL Shaving GaTIE.

ing business ana tnaV tle govern
ment should issue all money and loan
it too the people on real estate security,
then the interest could be used to re-
duce taxation. The a3vice is a repeti-
ton Of the same given to former Con-
crosses which has been unheeded and
is expected to be done so by this Con-
gress, but being given by a s~o'called
democratic president and his subordiu.
ates it is supposed to become a historic
document of democratic principles.
But the American people should keep
in mind that they are not democratic
principles, either in the broad sense of
democratic craftsmanship, nor in a
partisan sense, moi ever have since the
days of Jefferson. The last Democratic
national convention repudiated them
and so did 6,470,0 900 of voters.
If it be difficult for the Government
to get gold for redemption Swapping
dollars) purpose how will the bankers
get it easier. Their game is this. Each
bank must redeem its own notes which
are not a legal tender. 1t will be i'm
possible for any man TO go to ali the
banks to get their notes redeemed into
legal tender money, consequently the
local bank will do it for you for .
sbave-uDjust usury. No ore wants
gold for COLDS sake. Greenbacks are
preferred to gold and silver because of
convenience. The only persons who
have ever drained the U. s. Treasury
of gold are tie Wall st. bankers, the
agents of foreign bankers. With a pa
triotic President and Il sober u, 5. Sec
Rotary of the Treasury with IL back bone
could stop that. In fact a business man
was refused gold for notes IN October
at the sub treasury in New York.
With full control the banks will raise
the shave when gold is scarce and
| wanted for export. When gold goes
up the prices of products go down. The
piice then can be forced so low that IL
| will pay better to export products than
the gold owned by the bankers, But
then Is when the farmers, the produc-
ers of export products will suffer. That
is how the bank of England shaves the
people and made the producing classes
in worse condition than chattls slavery.
Only about % per cent. of this our
try's export are manufactured goods
and rs per cent. are products of the
farm aud mines. Under this proposed
banking process the Wall St. Bankers
can raise Or depress the price OF export
products whenever they wish and the pro
Queer, mostly farmers, will loose every
time. Never was there a better scheme
ever devised to skin the American farm.
ers alive make them tenants of their own
farms and homeless, penniless tramps.
This allows the monied men to gamble
with gold on the prosperity Of the pro-
dueers and the necessities of life OF tile
consumers.
The %refunding of legal tender paper
money into bonds and the refundlng Of
the bonds into longer term bonds at a
nominal lower rate Of interest, which
is, in fact, rs valuable to the b0Ddhold-
ers because of contraction OF the cur
rency; and the issuing of "a currency by
practically giving to corporations credit
deviced [Oauk notes are not money TO
sell at q high rate of interest to the peo'
pie is a policy instituted by the money
lenders of Great Britain to Zurich
themselves, by keeping the nation in
eternal bondage and by making worse
than black slaves of the producing
classes.
Because English foxes cut off their
tails, of course American foxes should
do the same to be in fashion. Because
England has II landlord a~ristOcracy and
an oligarchy of wealth, of course
America should also have one. Be-
cause England makes worse than chat
tie slaves out of her producing classes
to maintain the aristocracy, of curse
America should do the same by scarce
money, because it is English.
This system was instituted in Ameri-
ca soon after the war, and was stopped
by the greenback uprising between
1874 and 1878. 1t was The design of
the money power to complete the weld
ing of the chains OF financial slavery on
American libeIties in Grover Cleye-
lands reign hylgetting the word 'goid''
In the bonds and that ''all noses shall
be redeemed In gold only" bat it has
failed and the People are wider awake
than eyer before on the question of
money. We call to witness noted men
as to what suchla result would mean.
Sir William Hit, the English states
man said, "If the American people
adopt our banking and funding system,
their liberties ate gone.o
John &. Calhoun said, ''rhe bank is
the Union of The government and the
money power-s union far more dam
| gerous than Church and State"
Abraham LINCOLN said, ''If u govern
ment contracted a debt with II certain
amount of money in circulation and
| then contract the money volume be.
fore the debt was paid, it is the most
heinous crime that II government could
| commit against he people,n
The great fall of prices the past three
years, the greatest eve known in the
history of this so.called Republic, has
been caused by a contraction of the
volume of money.
Wendell Phillips, the great Abolition
orator said My friends, unless our
children have more patience and cour