Year: 1868

r Pay the TaXcSf


LET Us HAVE PLENTY OF MONEY.
The only way. in my opinion in whicI
we can find relief is to have money so plent.
that it will command not more than thre
l per cent interest Whenever capital com
mands greater interest than the natura
increase of the wealth of the country, lahG


and all the industrial interests of the coun


try suffer The wealth of the nation i


twenty billions; that is liberal estimate
, Now, all the productive interest of the ma


tion, all that all the men and women wht
labor have added to the wealth of the natior


for the last seventy years, is about three


per rent per annum. If we are worth TWEEN


ty billions of dollars. the most we have ad


ded to the National wealth the past year


after making living, is $500, 600 900; that


is, three per cent. OF the National wealth


Now, you understand the proposition, Il


you pay greater interest on money than
you earn, then you are running behind.


And the cumulative power of money, fel-


low-citizens, is wonderful. At three per


cent the interest on one hundred dollars is


three dollars. At six per cent. the cumula-


tive interest is just four times what it is at


three per cent, and 50 on in proportion as


the interest is increased. | want you to


bear this proposition in mind. What is


money? Why, some fellow will tell you
that it is gold and silver. Money is not
gold and silver, nor merely promises to pay;


but money is the legal representative Of
value. You have twenty-five cent piece;
it has no value except as representative
of peck of potatoes Twenty-Five cents of
silver or gold presents the same thing. No
matter what the material is, if it is stamp
ed by the sovereign power of the nation as
money for all purposes, in the payment of
debts, and customs, and duties, it is money.
1t don't matter whether it is leather, or pa


per, silver, or gold or, as in Massachusetts
in other times, muskct balls A farmer has
two hundred bushels of wheat, and wants
some shoes, and dry>goods, and other arti
cles which he is compelled to buy. What
does he do? Will he carry it around to the
different stores, and leave little there2
presents that two hundred bushels of wheat
gets two dollars bushel for the wheat.
Now, this idea that there is nothing but
gold and silver that will answer for material
for money is the foundation Of the worst of
all moneyed tyranny on earth. There ai1t
gold and silver enough to answer for repre-
senting all value and hence civilization has
been struggling for two centuries to gid rid
OF it, and, as a result, we see men in many
cases authorized to issue eight Or ten dollars
for every one dollar they hold, as has been
the case under our banking systems What
we want is something stamped by the Gov
ernment as money for all purposes; we don't
want banks, State or National; We want
money. Well, how are we going to get it?
We are going to have the Nation coin it
out of something; we don't care what it is.
1t don't matter what money is made of.
Who cares what yard stick is made of, SO
so it is three feet long,


1t don't matter what pound weight is
made of SO it represents pound in weight
It don't matter what dollar is made of so
it represents dollar. A gold dollar re-
presents hundred cents in money, because
the Government stamp is upon it; and so
would paper dollar And this would an
swer very well now, if it were not that
few men, who have got all the gold and sill
YER there is in the country, and have got
the people enormously in debt, have got
the idea that there is nothing money but
gold and silver, and debts must be paid in
gold and silver.


THE PLAN OF RELIEF.


What makes the difference between green
backs and gold? The difference is fictitious
and unreal. If Congress were to pass law
tomorrow declaring greenbacks good for
all purposes, greenbacks would be par with |
gold within month and the gold gamblers
of Wall street. New York, would be as
effectually cleaned out as Christ scattered |
the money changers in the temple. The
greater difference they can make between |
greenbacks and gold, the better it is for
those who hold the bonds. Did they pay |
gold upon those bonds? Some of them did
The first seven-thirtics, that were payable
in three years at par, were bought with |
gold, and when due they paid them in
greenbacks A neighbor of mine, patriotic |
man, had So, 900 in gold, and loaned it to
the Government. When the three years
came around he wanted his gold, but they
said no. If he had got it he could have
bought $50 900 worth of bonds bearing gold |
interest. Yes, let us have treasury certif-
Gates or greenbacks. My plan is this; to
relieve the people, as fast as possible, from
the taxation under which they are now
groaning, which the prostration of the new
industrial interests OF the country, is maxi
the poor man poorer, and bringing the mid>
ding classes down to be competitors with the
poorest class, while the rich few are growing
richer-the rich few are growing
richer and rapidly fewer, while the mil
lions are becoming paupers. | say issue
5l5,000,000 of treasury certificates. -
There are that many bonds now due. They
were payable in twenty years, or in five
years, al the pleasure of the Government.
| say pay them now in legal money Ap,
plause. What is legal money? What
you and Ihave to take; what the poor wild
ow has to take, and what the crippled so.-
dier has to take. If is good enough for
you, it is good enough for any man on
Gods footstool; for you saved the Republic,
and saved bondholders and their property.


THE FUNDING BILL.


| read this morning in Pittsburgh pa
per- q speech delivered by one of the Re
publican orators here, in which he says that
It is not worth while to trouble themselves
now about the bonds, as they could not be
redeemed for many years to come. Why, |
$l5,O00,000 of them can be redeemed to-
morrow. Not trouble themselves! When
the commerce of the country is dragged
down and the industry crippled by this op-
pressive load of debt The people don't |
know what is the matter with them. They
are bleeding to death and don't know it.


This same orator recommends the fund
ing of the debt. A funding bill has been
passed fastening this currency debt upon
the necks OF the people for forty years, and
declaring that the principle and interest
shall be paid in gold. That was passed by
Congress in the last hour of the session,
and # Andrew johnson deserves credit tor
nothing else, he deserves the everlasting
gratitude of the people for sticking that bin |
in his breeches pocket. Applause But
| suppose it will pass at the next session of