Sequachee Valley news. (Sequachee [Sequatchie], Tenn.) 1896-1952, 1904-08-11
THE TARIFF IS TAX.

Every occupation of man, except the
man who raises the supplies to feed man
and beast, has 10 be ted by the tiller of
the soil, Thclawyer DOCTOR merchant
preacher, school teacher charge Tor
their services, wares, etc, enough to
pay license, tax, rents and the support
of self and dependents, and the grub
raiser foots the bills, not the consumer
The consumer, unless no raises some
thing to eat, charges enough to pay all
expenses for living or he will become
bankrupt
The EXCEPTION CLAUSE ON THE
GREENBACK vas the first stone in the
foundation for all SUBSEQUENT
PANICS, AND THOSE WHICH ARE
TO COME, till our usury laws are re-
pealed abolishing interest The next
bad move toward the panics thai follow
cd, was the issning Of the Five Twen-
ty Bonds" drawing q per cent. gold in
terest
The next outrageous act was the Act
authorizing tho Secretary OF the Treas
ury to sell the Five Twenty Bonds and
receive at their face value the Green
Backs with the exception clause on it,
dollar for dollar, thus enabling the pur-
chasers of the bonds to get them at a
great discount of from 25 per cent to
265 per cent In this way the TAN
PAYING CLOD HOPPER had his bur
den dou bled and thribbled.
Notwithstanding all these wrong acts
of our Government, the clodhopper toll
er managed to aid the Government to
wind up the Rebellion successfully, and
at the end OF the War in 1865 there was
near four Thousand million dollars of
all kinds in circulation. This included
State bank and individual bank circu-
lation besides the United States curren-
cy and gold and silver. Tho solvent
states and individual banks redeemed
their paper. which took it out OF circu-
lation. l paid my State and County
tax in 1885 with Tennessee money. Ev-
cry dollar OF State money and individ-
ual money redeemed was that much re-
duction OF the money OF the country
circulation.
immediately after the war the Secre-
tary OF the Treasury began to destroy
and burn the green backs as fast as they
were taken by bond issues and for tariff.
In this way the circulation was greatly
contracted, causing the panic of 1878.
+ Democracy said the demonetizatioh of
silver caused the panic Of 1873 The
demonetizahon Of silver had no more to
do with the panic Of 1873 than the Man
in the Moon,
There had never been second of
the panic OF 1873 thai you could not buy
as many pounds of coffee, sugar, nails,
bacon or yards of cloth with silver dol
lar as you could with d gold dollar Sill
yer was not taken out of circulation but
passed az free as it ever did at par with
gold and other money. It was simply
the withdrawal of the State, National
and individual paper money from circu-
lation and interest paid on the bonds
and other Indebtedness of the people
that caused the panic, and all other
panios since 1878. While the circula-
tion medium was reduced over half, and
population doubling, the interest on
bonds increasing, II is no wonder the
people began 10 howl in their distress
forming Knights of Labor, the Grange,
Farmers Alliance and other organiza
tions in oruer to get relief. WHILE
NO ORGANIZATION so FAR HAS
HIT UPON A REMEDY, OR OWN
ED THE CAUSE OF THEIR TROUB
LES the laboring man is reading anC
studying moro at present than ever be
fore since the beginning OF our Govern
ment. None Of them have been per
manently benefited by strikes or lock
outs Tinkering with the Tar
if, making IL higher or lower, viii no
relieve labor Of it's troubles, Highe
- wages and shorter hours will only ado
an additional burden to the clodhoppinI
grub producer, unless he charges mor'
for grub. II the farmer raises the pricc
OF his produce, the condition OF labor il
not bettered. MORE ANON.