The Penn's Grove record., 1897-08-27
FRgNKIIN II HGNG
NE THE oR1ErAnr@asu
Labor The OF 'rrs' 6

ilaDOf inc Ots ~ wi
p.n,omin rraI Ixnn hasret ED IN IN
cord a history of the. aknree az
the colonynf8eihisylvania Off Is
loaning money directly to the yom q
In 1879 the Assembly passed aDLlre ar
izing the issue of paper monearal'. ~
was loaned on real estate seer ar
least double the value. The h,
limited and the loan TO eac That le
limited so the wealthy could ) he is 4,
control it, one-sixteenth of herb h,
cipal was payable with thee the Il
every year. Nearly two millif drive n
issued. where n,
Thos. Powell, member oftion Of \
glish Parliament said: by dis "
sin a country under suci,onght v
stances money lent upon intet after a,
tiers creates money. Paper nand he 4,
lent upon interest will create,ursion a.
silver principal, while the inte. 8,
comes a revenue that pays tor be- J,
of the government. This cSociety t
the true Pactolean stream " by the Il
yertsaH into gold that is vast dress I,
AS a result Of this system inc and 4
ment loans direct to the peo. give as 6
Franklin says: "Between u must 4,
174O and 1875. while abunds II .you
ed in Pennsylvania and theror a
in all her borders, a more make ,o
prosperous population coult a few !,
haps be found on this globe. il, no. :,
home there was comfort. gelf viii :,
generally were highly Nor time l.;
knowledge was extensively 4
This system prevailed thrFhere Is a.,
or nearly all, the colonies u'sss boz,
prohibited by act of Parlian are two =,
reason that il was undeIbOrrowed
H,- AZ. a.aa,,a. eping up Irs
specie OASIS, uepscleaeins snsc and hi
robbing system Of the Bra you can ~
power, the fund-holders aIrh Of YOUR l.,
CONC Classes. aRdthen
David Hume, the Englislbe Wheel =.
writes Of tile result as foislesi that
British government took wrong di.
America its representative
manded that no mor paH state Of
credit should be issued, wn some
-. some onetlt
should n 10 w u 'eBai new what M
! ooIleotad thp tay in silver. /, more OF 'h'
800 n.,- ,.a I did debt mi
lII0. NOW Hlaih ine Y towering
This contraction of thed him to-
medium paralyzed an til. 10 fos "
energies of the peopleA ! AbSots
upon these once aourishle sheriff :.
the most severe distress hry. Bet
home to every interest auireplace at.,.
y - people deere.
ton III az last human g in debt "a ,,
and asserted its rights lth no ex,s'
American congress first nyon steal"
adelphia; IN 1776, America, s grocsr'sas'
indepenasaa s assste.n for them, !.
Rem Haed U9nklin in hem, | am'ds
,atfI III 49,. : factee II,
seas pre- reich
be ases fiery American elf O,'e IT,. o.
! CT TX, an 4ihstrSoes non th hhe'
4ef I'D the princes ~lognehlaw
de5ts ho}shb such precious ~oyeesold
: a@amsf IN ous 4 ninny, yount atot,
latssoy W~ailPya0a5 valued ,etua I
me sa ss0 IS. w e'4aalsissiEssk un..
are money, so biDs aa
are in effect coined land. III part Of
"a great want Of monest, ~ yls Ct
ing country occasions inteiay by tfhdt
a very high rate, which 4 - paaeam-
to any country. 1t makesre ask.low-
low price, because few M do gam.
out their money in land who . of
make a greater profit by eoaFega.
Want of money in a countassNtfjsh:
the priee-of that part Of il ,
used in trade; because trade IA bu, !
eouraged there is a much leshs Il, ,
for that produce. This is anks. nd |
son why land will be low. 0oyiiMt ! !
tsary a plentiful currency willy a !
the trading produce to besh ar ,
price; because, trade being et,nt S,
and advanced by it, there v aftie !
much greater demand for thatt m
which will be a great encof :
Of husbandry and tillage, q Vt q
quently make land moru vafyI4e only !
want of money in a co, up in !
courages laboring and hand ethics {
For what can be more dishesred on :
an Industrious laboring man many /,
that after he hath earned itienie i
with the sweat of his brota, ines !.
spend as much time and have ia /
much fatigsein-gttting itlas Ne Z
earning it. Nothing ma serAore u
paymasters than a general arcity
money. On the contrary plenti5
/ -t Ga r.