The Penn's Grove record., 1897-05-14
JEFFERSON STILL LIVES.
TIE FATHER OF DEMOCRACY AND POPULISM
WAS INSANE.

The Press, by arraigning public funetionaries
at the tribunal of public opinion, produces re-
forms peaceably, which must otherwise De none
by rffolution.-Jefferson.
Leading Popocrats in various por'
lions of the country continue to talk
about Thomas Jefferson as if they really
believed that he lived and died in per-
feet confidence that the hocus pocus OF
legislation could transform fifty cents
worth of silver into a n hundred.cent
dollar. In refutation of this absurd
and insolent assumption there is a mass
of incontrovertible evidence that JET
ferson was a perfectly sane MAN.
South J~erSeyna1e.
MI. Bryan at the Chicago convention
said, "The humblest citizen in the land,
when clad in the armor of a righteous
cause, is stronger than all the whole
hosts of error that they a bring. l
come to speak to you in defense of a
cause as holy as the u of liberty
the cause of humanity. l shall object
to bringing this question down to a lev
ell of persons. The individual is but an
atom: he is born, he acts, he dies, but
principles are eternal, and this has
been a contest of principles"
Thomas Jefferson is dead, but the
principles he advocated are eternal,
they live after him, and the contest is
now going on in America and will be
waged until the masses are free from
bondage or made worse industrial slaves
than the people are in other parts ofthe
earth.
The first act passed relating to COIN
age was the act of April 2, 1892. 1t
was prepared by Alexander Hamilton,
endorsed by Thomas Jefferson, APPROX
ed by George Washington, and provid'
ed for the FREE AND UNLIMITED COIN
AGE OF GOLD AND SILVER at the ratio
of Is parts of silver to l CT gold. lCoin-
age laws of the U. S., page A.
Hamilton, in his report to Congress,
1901, recommended that the unit of
value should rest on both metals and
gave as a reason that, ITO apnul the
use of either of the metals as money is
to abridge the quantity of circulating
medium, and is liable to all the objec-
tions which arise from a comparison OF
the benefits of a full, with the evils OF
N aooDfu n;rnnlatinp -
Jefferson wrote to Hamilton, Feb.
1892; 81 return you the report on the
mint. l concur with you that the
UNIT MUST STAND ON BOTH METALS.
These are the words of Jefferson that
he believed 3714 grains OF silver was
worth, could be and was made equal to
24.75 grains of gold-that less than SOC.
worth of silver could be made into a
1O0-cent dollar, because that was Is to
l.. That was when the production OF
silver was As to /.
The Popocrats believe that 81!
grains Of silver can be made equal in
debt paying power by law to only %, %
grains of gold, when the production
now is only 16 to l.
This proves according to the gold
monometallists a%rraignment that moi
only was Thomas Jefferson insane, but
also Alexander Hamilton and George
Washington. There were lots CT in.
sane people 100 years ago on the money
question and we challenge the South
Jerseyman or any n else to bring sin
controvertible evidence" to the contrar'
AIRY.
We see much in the city dailies about
currency reform. What do they meant
The National banks are now privileged
to deposit Government bonds with the
U. S. Comptroller and receive 500
worth of bank notes [sound rag money
for 500 worth of bonds. On last Feb,
23d a bill passed the flower House OF
Congress to allow the banks to get S1lf
worth ofbbaak notes Sound rsgyfdoney-
for 500 worth of bonds. The bonds
were originally bought with greenbacks
fiat rag money! and the banks promised
to redeem bank notes Sound rag mon
cyl with greenbacks fiat rag money!.
There are now about $600,000,0 900 O.
government bonds and the banks hold
at least half. Ten per cent on $780,.
DOC, 900 would he $4,000, 900 of bank
notes [sound rag money made a pre-
sent to the banks for / per cent. to be
loaned out to you farmers, fishermen
and merchants at 6 per cent. 5 per cent,
on $4,000, 900 would be annually $500,
600 more the banks will be allowed to
make off the people when that becomes
law. That will repay them for theiI
campaign contribution last fall.
Mr.. Loudenslager voted for that do.
nation.
Last August when we said that it
was the design of the money power to
sell the silver currency of the nation
for junk and bond the nation for eter-
nifty the Elmer Times ridiculed the
statements and intimated that it was
no argument. only twaddle.
On March eth, Mr.. Walker, of Mas
saehusetts, introduced a bill in Con-
gress, which will, when it becomes a
law, provide that the silver bullion and
dollars in the U. s.. Treasury be sold
for junk. The putting on the market
$500, 000, 600 of silver, one,eight in the
world, would depress the price of silver
wonderfully and increase the price of
gold, thereby decreasing the price OF
all property and products so it would
bankrupt nearly all men in debt.
The bill also provides that all silver
certificates, treasury notes and green
~