Year: 1878

pauper tiIaI mas 10 De supported Dy tn
, people. 1t is constantly passing the con
| thbution-plate-the man who passes it.
: admit. has musket with him, but at tn
same time the Government is supporte,
by these contributions. You cannot lv
upon the promise of your own Govern
J ment any more than you could live upol
: the notes OF your hired man. any NOR
than you could live upon bonds issued b,
occupants Of the county poor house. Iol
; cannot live upon that which you have Il


support. The Government cannot by lav
: create wealth. And right here wish tt


ask one question, and l would like to hay,
it answered some time. 1t the Govern
ment cah make money, if it can Great,


money, if by putting its sovereignty uper
IA piece of paper it can create absolut.


money, why should the Government col


lect taxes? We have in every district as
SCISSORS and collectors We have at every
port custom-houses, and we are collecting
taxes day and night for the support of the
Government. We are making those who
are hardly able to pay contribute.


Now. if the Government can make
! money itself, why should it collect taxes
even from the poor? Here is a man cult.
waiting farm-he is working among the
stones and roots and digging; why should
the Government go to that man and make
hin pay $40 or $50 or $40 taxes when the
Government, according to the theory OF
these gentlemen, could make ST 900 note
quicker than that man could wink? Why
impose on industry in that manner? Why
should the sun borrow a candle? And if
the Government can create money, how
much should it create, and if it should
create it who will get it? Money has a
great liking for money. A single dollar in
the pocket of a poor man is lonesome; it
never is satisfied until it has found its
companions. Money gravitates toward
money, and issue as much as you may, as
much as you will, the time will come
when that money will be in the hands of
the industrious, in the hands Of the econ
omical, in the hands OF the shrew(l, in the
hands of the cunning; in other words, in
the hands of capitalists. Another thing
If the Government can create money
| simply by stamping what they are pleased
| to call its sovereignty upon piece of pa
per, why should it waste that sovereignty
upon a one-dollar bill. why not create 4
ten-dollar bill, hundred. a thousand. a
million? Why should we stop? The
9fsE e d5H a faanssssrSal5jap ab5a init NTH
and told him, whenever you can sue
cessfully palm off on man bill of fare
for a dinner, shall believe your doctrine :;
and when l can satisfy the pangs of hum
ger by reading cookbook, shall join
your party" Only that is money which
stands for labor. Only that is money
which will buy in all other directions the
result of the same labor expended in its
production. AS q matter OF fact, there is
money enough in the country to transact
the business Of the country. As a matter
of fact, there is more money than is need
ed to transact the business. Never before
in the history OF Our Government was
money so cheap, that is to say. was inter
est so low; never. There is plenty OF
money, and we could borrow all we wish
had we the collaterals. We could borrow
all we wish if there was some business in
which We could embark that promised =
sure and reasonable return. If we should
come to man who kept ferry. and find
his boat on a sand-bar and the river dry.
what would he think of us should we tell
him that he had not enough boat? He
would probably reply that he had plenty
of boat but not enough water. We have
plenty of money, but not enough business.
The reason we have not enough business
is we have not enough confidence, and the
reason we have not confidence is because
the market is slowly falling, and the red
son it is slowly falling is that it has not
yet quite resumed, that we have not quite
touched the bedrock Of valuation. An
other reason is because those that lett the
cultivation Of the soil have not yet all re-
turned, and they are living, some upon
their wits, some upon their relatives. some
upon charity, and some upon crime.


The next question is, suppose the Gov
ernment should issue thousand millions
OF fiat money. how would it regulate the
value thereof? Every creditor could be
forced to take IT, but nobody else. Ifa
man was in debt 81 for bushel OF wheat.
he could compe. tie creditor to take the
fiat money, but if he wished to buy the
wheat, then the owner cenld say, IL will
take 81 in gold or $50 in fiat money, or |
will not sell it for that money at any price.
What will Congress do then In order to
make this fiat money good it will have to
fix the price of every conceivable commotl-
ity. The price of painting a picture. OF
trying lawsuit, OF chiseiing a statue. the
price Of a days wOrk.-in short. the price
OF every conceivable thing. This even will
not be sufficient. 1t will be necessary to
provide by law that the prices fixed shall
be received and that no man shall be allow
ed to give more for anything than the price
fixed by Congrss. Now do not believe
that any Congress has sufficient wisdom
to tell before hand what will be the relative !
value of all the products of labor. When |
the volume of currency is inflated it is at
the expense of the creditor class. Where
it is contracted it is contracted at the ex-
pense of the debtor class. In other words. |
imitation means going into debt, contrac-
ton means the paying of the debt.


BONDHoIDERs.


A great cry has been raised against the
holders OF bonds. They have been de-
by every epithet that malignity
,an coin. During the War our bonds were
offered for sale, and they brought all they
hen appeared to be worth. They had to
be sold or the Rebellion was success. 10
he bond we are indebted as much as to the
yreenback. The fact is, however, we are
indebted to neither; we are indebted to the
soldiers. But every man who took green
,ack at less than gold committed the same
rhine, and no other, as he who bought the