Natchitoches populist., 1898-03-18

ou6 AuCo VI tAAS pSOpIC 10 CAebI IAOJ
should be the wage slaves Of labor for
the class who own the gold and the
obligations payable in gold" The po-
itical power Of this class Is embodied
in the Republican party. There is no
longer any question or doubt on this
subject, since Mckinley and all OF his
Cabinet have proclaimed 1t. and in
dorse the work Of the eleven Indian
apolis convention monetary commits
sion conspirators.
The method to enslave the people un-
der the old feudal and knrghtly regime
was to claim a divine right to tax and
enslave the masses for the aggrandize-
ment Of their masters. The monetary
system Of these modern barons OF
is for the same object.
There is a clear distinction be-
tween the functions Of money as stan
dard OF value and medium Of ex-
change" say the conspirators, but they
fail to point out the necessity for such
difference, except that bank Issued
money can never be anything but a
promise to pay" money. From these
premises they argue, or assume, that
government cannot make standard
money out of anything but gold. The
term STANDARD money" is only an In
genious juggle for the term legal ten
der They assume to deny the sover-
etgn power of government to coin
money and regulate the value thereof"
by claiming in this enlightened age
that money is only commodity hav-
ing certain fixed value, and that gold
has fixed value, hence it is the divine
ly appointed money metal! Prior to
1873 silver possessed this fixed value
In France. In the United States 1t was
three per cent above the gold value,
and was royal standard" money ev-
erywhere in the world. A change IN
the minting laws Of three or four great
nations altered the value Of silver at
once. These stubborn facts upset the
flimsy theory Of the goldites.
The function to transfer values Is the
only legitimate function money pos
sesses, and that Is given. it by law.
Money Is a creation of law as Aristotle
proclaimed three thousand years ago, a
fact that had never been questioned till
Satan raised up the modern gold-bug
plutocracy. An to transfer value and
record price Is all the work money ever
did or ever can do.
Gold as a commodity is used to bal
ance accounts between traders OF diff
ferent nations, and 80 Is every other
commodity.
It is not used to transfer values be-
tween citizens OF the same country, but
must first be stamped into money by
the government. Pound gold coin
into a shapeless mass, and no trader
will accept It in satisfaction OF bis bill
No bank will credit 1t on depositor's
account. And yet the Shylocks have
the brass to gravely tell the people
that all money must have commodity
value equal to its money value! When
ever their claims for money are put t
the test OF analysis every one fails. ant
proves their claims to be sophistrie.
and a tissue Of falsehoods.
Redemption" Is another fake, lik'
the chained lions In Pilgrims Progress
utterly harmless. Money must be re
deemed, declare the conspirators on
and all. And 1t must be redeemed il
gold. One simple fact refutes this the
ory. There is not one dollar OF gol'
to redeem with, to twenty, or probabl,
a hundred Of the kind to be redeemed
if redemption we're legitimate facto
in the money problem. Redemption
a bankers fake. His bills are no
money at all, and have to lean on some
thing for support, hence the senseles
claim of redeeming true money.
Money is a medium of exchange.
exchanges merchandise with B 70
money. B has the merchandise and !
has received the recorded value in tn
shape Of money, and the same, or simi
lar transactions is repeated. a mdllio
times. It Is going on every hour i
the day from years end to years enc
and the identical same money is doin
the work. Where does the "redemp
ton" come In, and what object ca
there be in redeeming money? Exact
ly the same object that two men hav
who are playing poker. One "calls
the other when he believes he has tn
advantage Of him. This redemptio
poker-money game was played by Piel
pont Morgan and Cleveland. Morga
came down with a flush hand Of greer
backs, and Cleveland pretended
couldn't see Morgan, and went out an
borrowed two hundred and sixty-tw
millions, giving Morgan notes payab
in ten to thirty years on the govern
ment. Cleveland, unlike most player
was richer after losing than befor
This is the nature and true inwardnes
Of redemption money. The object
to cheat the people.
There is another class Of redem]
tionists. They are not gamblers
rogues, and it would not be just or kir
to call them fools They nrnha hlu O,