The weekly register. [volume] (Point Pleasant, Va. [W. Va.]) 1862-1909, 1897-11-17
a NATION or TEN hts
is wHAr wE wILL BI.
rive Continue to Ask Johnny
Bull for the Privilege OF
Making Our Own Laws.


wer to the bimetallic commission,
/ which is a refusal to open the mints
of England or India to silver This
i was to have been expected in the
first place, says the Patriots Bulle-
tin. Nor was it desirable that it
should be asked. There is moth
/ ing SO intimately connected with
the prosperity of people as sta
BILE financial system that viii at all
times record, as nearly as possible,
an unyarying relation between the
value of money and the value of
property, and such condition can
not be maintained if we must de-
pend on the action of other powers.
Glass interests are in thorough
control in monarchial forms of gov
eminent, and at the present time
no one class has such dominating
power in those countries as the
money class-that deals exclusive
ly in money. And under its in
huence laws viii be maintained
that enhance the value of money,
the property in which they are in
terested, just as the owners of any
property would have a selfish mo-
tive in enhancing the value of their
property. To enhance the value of
money means its increased pur-
chasing power. and relatively en-
riches those who exclusively deal
in it; and correspondingly lowers
the wealth of those who deal in
property. Nor does it stop at this.
The money dealer loans his money
and files away in his safe the notes.
bonds ard mortgages that the debt
ors have signed. With an enhanc-
ing purchasing power to money
and correspondingly decreased
value to property, the ability of the
debtors to exchange their property
for sufficient to pay the debts when
due is gradually lessened; and when
the increased purchasing power of
money continues over long period
it results in bankruptcy to thous-
and of property owners who would
otherwise have remained solvent.
IF, therefore, we admit the prin-
ciple that it is necessary to have
other nations agree with us in fix
ing common measure of valuss,
we become hopelessly entangled
and renounce our own constitution,
that says that congress shall coin
money and fix the value thereof. I"
We place ourselves at the mercy
of monarchial Europe and admit
the fact that we are subject to the
laws of their parliments. No the
oretical or fancied monetary sys-
tenn can justify US in placing the
yoke of debt and insolvency upon
our industrious property owners,
or in sanctioning for moment the
proposition that we are not in all
things Independent of the mon
arches of the world.
The money we need, no matter
what it is made of, is stable mon
ey, that gives the property owner
and taxpayer no disadvantage in
the payment of obligations, though
they be bonds of the city, state or
nation, extending over a period of
fifty years. And such a money
can be had without reference to
the money used by other nations;
and our people be the more pros
porous by having it. 1t is a mis-
taken idea that we must have for
our domestic use the same money
as that which we use in dealing
with the citizens of another nation.
When we had greenbacks and no
gold or silver as money, the i'm
porter desiring international mon
ey" went into the market and
bought it for his specific use. To
have money OF our own means
that it is not to be shipped about
over the world, constant threat to
our domestic affairs. It is con
coded fact that only about three or
four per cent of all our transactions
requiring the use of money are
those transacted with other nations,
and the remainder is transactions
among ourselves.
1t is to be regretted that the
business men, aside from the mon
ey dealers, have not more time to
study these questions and see that
the drift of affairs, as at present, is
destroying them and must eventu-
ally, unless checked, bring us to a
nation of tenants, with the title of
all our property vested IN the mon
ey lenders.