The Penn's Grove record., 1897-02-12

i blNV 6NrN 4AAt bULlt
should be rich, shows that others may
become rich, and hence is just encour,
agement to industry and enterprise.
Let not him who Is houseless pull down
the house OF anoqher, but let him labor
diligently and Build one for himself,
thus, by example, assuring that his own
shall be safe from violence when built. u
Near the close lof the war he wrote
the following to Ia friend in Illinois:
Eyes, we may(all congratulate our.
selves that this cruel war is nearing to
a close. 1t has cost a vast amount Of
treasure and blood. The best blood of
the flower of American youth has been
freely offered upon onr country's altar
that the nation might live. 1t has been
indeed a trying hour for the Republic;
but l see in the near future, a crisis ap-
preaching that unnerves me and causes
me to tremble for the safety of my
country. AS a result of the war cor
! porations have been enthroned, and an
era of corruption in high places will
follow, and the money power of the
country will endeavor to prolong its
reign by working upon the p~rejudices
| of the people until all wealth is aggre-
gated in q few hands, and the Republic
is destroyed. / feel at this moment
more anxiety for the safety Of my coun-
try than ever before, even in the midst
of the war. God grant that my sus-
picion may prove groundless."
Sir John Lubbock, of England has
declared: "There is likely to be an eff
fort made by the capital class to fasten
upon the world a rule through their
wealth, and BY MEANS OF REDUCED
WAGES place the masses upon a footing
more degrading and more dependent
than has ever been known in history.
The spirit Of money ~worshipers seems
to be rapidly developing in this direc.
tion."
How this is to be done is shown in a
confidential circular sent by the Lon
don Bankers Association to American
capitalists in 1862, and is known as the
Hazard circular, As follows: "Slavery
is likely to be abolished by the wal
power and chattel slavery destroyed.
This l and my European friends are in
favor of, for slavery is but the owning
Of labor and carries with it the care for
the laborer, while the European plan,
led on by England, is for capital to
control labor by controlling the wages.
This can be done by CONTROLLING THE
MONEY. The great debt that capital
lists will see to it is made out Of the war
must be used as a means to control the
volume of money. To accomplish this
the bonds must be used as u banking
basis. We are now waiting for the
Secretary of the Treasury to make the
recommendation to Congress. 1t will
not do to allow the greenback, as it is
called, to circulate as money any length
of time, as we cannot control that
By giving silver bullion the free use
of the mints to be coined into money
not only would give a large volume of
money, like greenbacks did, which
could not be controlled but would in
crease the ability of the people to pay
off the bonded debt which is used as a
basis for a volume of bank notes which
are controlled by capitalists and the
people have to pay unjust usury to pro.
cure their use. Those who disapprove
of such laws which places capital
above labor are accused of melting the
poor to prejudices against the rich and
making war OH capital. The object is
not to pull any body's house down, but
to take away the legal right and power
Of creditors to confiscate the debtors
property and prevent the wealth from
aggregating into the hands of a few by
an appreciating dollar, in other words
falling prices, from which cause every
former republic las fallen.
Gen. Herman Haupt in January
Arena, says, at is claimed that the
silver agitation is intensifying the an
tagonism between labor and capital.
This is a great mistake. The capital
list, even if he is a millionaire, who uses
his capital to employ labor, pays fair
wages, and seeks to promote the COM
fort, well-being and improvement OIL
employees is a benefactor to his race
and TO the country. Between such a
millionaire, who is the user, and Shy
lock, who is the lender OF money, there
is a distinction as wide as the anti
podes. The operations of the one are
beneficent, of the other destructive.
The one produces and increases wealth,
The other %appropriates it by means
which, if not made criminal by laws
that he has helped to frame, are never.
theless gigantic robberies and crimes
against humanity. For every million
that Shylock gains by corners and con-
fractions, his victims lose tens of mil
lions, and the general public still more,
by shrinkage of values and impaired
confidence. Although three fourtbs OF
the war debt has been paid in gold, the
effect of gold monometallism and con-
traction has been such that 1t requires
more wheat, cotton and other products
of labor to pay the balance than it did
originally to pay the whole
The Banks contracted their circula-
tion in January 81, 1858. 596 according to
the Comptroller's report. Too much
money in circulation. John Sherman
SAID in 1900 TIM nurrancV shnnl1 be ILL