The people's voice. [volume] (Helena, Mont.) 1939-1969, 1941-01-08
BY o'BoYLE

BY O'BOYLE
The present economic ruling clas
was legally established by the swim
die and treason of Hamiltons.
| Hamilton as an English admirel
states him; had in mind the
British Constitution as George III hat
tried hard to make it." Hamilton's
President would not have been dis
similar to Louis XIV and could have
said with him 'L'etat c'est moi q am
the state)'" =. Thinly yelled, his
plan contemplated an elective king
with greater powers than those OF
George III. an imitation House OF
Lords. and popular House of Com
mons with limited tenure"
"a republican government does not
admit of vigorous execution, it is
therefore bad" The United States
would be rescued from democracy"
But because of contemporary liber-
ais, Hamilton could not deed the coun-
Iy ny tOliOtltullOll " hiuEy uuhtoy
lesser lords and ladies. unable to in
troduce class distinction into the
Constitution by limiting the suffrage
with property qualifications" he de-
signed to do his will in another way.
He created and his successors have
protected, and both he and his success
sors have tied government to the self
ish greed of monied undemocratic
dictatorship.
Maclay from Pennsylvania and
James Jackson from Georgia in the
first session of congress, caught the
full meaning of Hamilton and his
group before Jefferson and Madison
were fully aware and aroused to ac-
ton. But the final combined efforts
of such men, the martyrs of democ-
racy, was futile against the monied
tactics which included villification of
Washington whose name they then
and since have exploited. Time and
time again the brave champions of
the people, as the liberals of today,
were out-smarted, out-generaled and
defeated while mercantile and finan-
cial interests plummed themselves on
their triumph.
The first victory followed Hamil-
tons congressional report on the Pub
lie Credit.
He confided his Plan in secret to
several and they in turn whispered it
to other chosen politicians and mer-
chants in New York, Philadelphia and
Boston. These, though many of them
members of congress-of sixty-four
members of the House, twenty-nine
were security holders - became eager
spectators and bought public securi-
ties at huge discount everywhere.
Then Hamilton urged congress to
pay these public debts at their face
value, one hundred cents on the dol
lar. But the original holders, soldiers
who had been paid for their years of
revolutionary fighting, widows of the
slain and orphans, no longer held the
them to hte spectators because of
at ridiculously low prices.
The revolutionary soldiers, small farm
ers and hard pressed country mer-
chants had been forced to give them
up for fifteen or twenty cents ON the
dollar.
Hamilton then, influenced congress
10 pay this public debt, not to the
original holders but to the spectators
1t one hundred cents on the dollar.
To do so the very people who had
parted with the certificates for less
han twenty cents must be saddled
with public debt to be paid in taxes
N order that the spectators might
receive one hundred cents on the dol
ar
So the people paid twice for each |
first by actual fighting on
he battle field, second by taxes. They |
paid, one could say, two dollars for a
me dollar certificate and received for
he certificate fifteen cents.
This would operate to the enrich
nent of those already rich and to the |
establishment of perpetual debt with
interest to be paid to leas-
lred class with final power and priv
lege. This was deliberate, consci-
'us plan to create an American aris-
ocracy and to give to 1t an ample in