The Penn's Grove record., 1899-01-06


forgotten. The ruthless and unsparing
temper with which whole cities and
communities were oppressed, indiyid.
uals impoverished and ruined, and a
scene of cheerful PROSPERITY suddenly
changed into one of globm and despond.
ency, ought 10 be indelibly impressed
on the memory Of the people of the
United States. If such was in power
in a time of peace, what would it not
have been in a season df war, with al
enemy at your doors? mo nation but
the freemen of the United States could
have come out yictoriots from such a
contest; yet, if you hadnot conquered,
the government would have passed
from the hands of tho many TO the
hands of the few; aud this organized
money power, from its secret c%onclaye,
would have dictated the choice of your
highest officers, and compelled you to
make peace or war, as best suited their
own wishes. The forms of your gov
eminent might for a time have remain
ed, but its living spirit would have de.
parted from it.
1.-THE powers enumerated in that in-
strument THE constitution do not con.
fer on Congress the RICH to establish
such a corporation as the Bank of the
United States,
1.-THE severe lessons of experience
will, L doubt not, be sufficient to pre-
vent Congress from again charterinS
such a monopoly, even If the Constitu-
tion did not present AM insuperable Oh
lection to it. But yo1must remember,
my fellow-citizens, thkt eternal yigi.
lance by the people is ahe price of liber-
ty; and that you must pay the price if
you wish to secure thel blessing. 1t be-
hooves you, therefore Ito be watchful
in your states, as well as in the federal
government. The power which the
moneyed interest cam exercise, when
concentrated under a fingle head and
with our present systtm of currency,
was sufficiently demonstrated in the
struggle made by the IBank of the Uni.
ted States.
"You have already had abundant
evidence of its power to infict injury
upon the agricultural, mechanical, and
laboring classes Of society; and over
those whose engagements in trade or
speculation render them dependent on
bank facilities, the dominion of the
state monopoly will he absolute, and
their obedience unlimited. With such
a bank, and a paper Currency, the mon.
ey power would in a few years govern
the state and control hts measures; and
If a sufficient numbeg of states can be
induced to create sud- establishments,
the time will soon CONE when it will
again take the field against the United
States, and succeed III perfecting and
perpetuating its organization bya char
ter from Congress.
SIT is one of the serious evils of our
present system of baking, that it en-
ables one class of soclety--and that by
no e a numerous one-hy its con-
troll over the currency, to act injurious
ly upon the interests of all the others,
and to exercise more than its Just pro-
portion of influence in political affairs
The agricultural, the mechanical, and
the laborisg classes, have little or ITO
share in the direction of the great mon
eyed corporations; and from their hab
its and the nature of their pursuits,
they are incapable of forming extensive
combinations to act together with uni.
ted force. Such concert of action may
sometimes be produced in a single city,
or in a small district of country, by
means of personal communications with
each other; but they have no regular or
active correspondence with those who
are engaged in similar pursuits. in dis
tant places; they have but little patron
age to give to the press, and exercise
but a small share of influence over it;
they have no crowd of dependents about
them, who hope to grow rich without
labor, by their c~Ounienance and favor,
and who are, therefore, always ready to
execute their wishes, The planter, the
farmer, the mechanic, and the laborer,
all know that their success depends up
on their " industry and economy,
and that they must not expect to be-
come suddenly rich by the fruits of
their toll. Yet these classes of society
form the great bodHof the people Of
the United States; they are the bone
and slnew Of the country; men who love
liberty, and desire nothing but equal
rights and equal LAWS, and who, more
over, hold the great mass of our nation
al wealth, although it is distributed in
moderate amounts among the millions
of ireemen who possess it. But with
overwhelming numbers and wealth on
their side, they are in constant danger
of losing their fair influence in the gov
eminent, and with difficulty maintain
their just rights against the incessant
efforts daily made to encroach upon
them.
THE mischief springs from the pow
er winch the moneyed interest derives
IRON a paper CURRENCY, which they are
able to control. from the multitude of
corporations with exclusive privileges,
winch they have succeeded in obtaining
IN the different states, and which are
employed altogether for their benefit;
and unless you become more watchful
in your states, and check this spirit of
monopoly and thirst for exclusive priv