The advocate., 1897-11-03

last that bank paper might be sup
pressed and the right of issue returned
to the general government, to whom 1t
belonged" And President Jackson, in
his farewell message, said "Our money
system and its natural associates, mo-
nOpOly and exclusive privileges, have
taken deep root in the soil and will re-
Quire all your efforts to prevent its fur
ther growth and eradicate the evil"
AS to the traditions of the party, the
radical Democracy Of the city Of New
York, as long ago as 1897, after one OF
the periodical explosions to which the
banking system is given, resolved that
"that system is at war with the first
principles of the social compact, destruc-
tive Of the the best interests Of society
and productive Of more crime and mis-
cry than most other causes combined.
And in all the revulsions inseparable
from paper money system, the classes
whose labor produces all the wealth or
the country are the greatest sufferers; as
when the currency expands the loaf con-
tracts and when the currency contracts
the labOrer is thrown out of employ
moment thousands Of the useful classes
are deprived of bread by the explosion
of our bOasted safety fund system and
the universal bankruptcy in which 1t Is
plunged" And slurs on and denunci-
alton Of bank rags" as inCulCated by
Senator Benton, were then in every
mouth and universally INDUCED in by all
classes Of people except the bankers
themselves.
And listen to Amos Kendall, favor
ite and bosom friend Of General jack
son: "A great national debt is part
of the system to be fixed upon us by the
party (Whigs) that has come into power,
and Of course a national bank will fol-
low. Debts and banks go together
Banks create debts and debts create
banks. Great Britain has her national
debt and national bank; ergo, we must
have our national debt and national
bank. The people Of Britain are grOan-
ing and perishing under q load Of tax
alton growing out of this system. But
all this matters not to those who live
on the spoil. What cares the lord or
nabob reveling in luxury for the
wretched operative whose wife and chill
dren are pining and dying Of starvation
beneath his window through the opera
ton of this accursed system? Its object
and purpose is to divide society into
princes and paupers-to load the tables
of the few with profusion snatched from
the mouths of the many. 1t treats man
as beast to be fieeced and slaughtered
by the crafty and cunning who can
cajole and deceive him. But there is
another ground for all this" continues
Mr.. Kendall (and mark how similar and
applicable to our last Presidential cleo
tom. "The machinery and means by
which the late election QS4O was Sc
cured to the benefit and behOOf of the
money power are troublesome and eX-
pensive. To put in operation sufi-
Cient number of orators, editors and
agents, and hire complete force of pipe
layers every four years to vote down the
honest men of the country is not con-
venient. 1t is far easier and cheaper
to erect and strengthen the money power
who will thus be enabled to subordinate
and control the electorate Of the coun-
try and keep the party in power"
And this is just what the Republican
| party are about now and yet Governor