Year: 1866

Monetary ARAirs-FIuaneial Crisa-The
Specific Contract Law.


PLEAsASr VALE, Saw MIL PEAK,


April the 8, 1866.
say are We TO remain subjects to that infaime-
Gus act? mean that obcoctious Specific
Contrac, Law.


Now what dose this law do. and what do
they lthe surporiers) say it was intended to dos
l shall try to paint on. what it dose, and show
what they say it was intended to do, las far as
my little store of knowledge will permit)


l. 1t is in direct opposition to the national
government. Now Id asked any candid
thinking man, if any State can make laws su-
pream to that Of the United States? Con-
gress tells Us that the national currence shall
be alegal tender for all debts. Mr.. Spectator
steps forward and tells you DO. will not take
them legal tender notes, except at such price
as see it to pay for theme. And We pass on
to notice the


2. Paragraph is. what do they say this law
was enacted for? They tell You it was made
to make men stick to there bargen, i. e. if i'm
given anote of hand he agrees to pay in gold
or silver United States coin, be must comply
with his agreement This is what the gold
monger tells you the law was made for. and
nothin elce Most falce statement that could
be made.


g. This law was made made for the benefit
of the Speculater or laters, as you please. and
was made with no other end in vine. This is
plain to be seen from the Trigernomerter work
that has been going on al through the pending
of our worthy Senator's bill to repeal that
lave. was in hopes that We could gat out
from under the lions paw some time during
the session of this legislature, but there seames
to be no chance to entertain hopes longer.


This law com pells every hard working man,
! whether miner, mecanic or farmer-l say it
com pells him to hand over bis ernings for the
day to the gold holder, who dropes it into his
valts, there to rust. if it were possible. va, it
dose more than that, it com pells the borrower
to pay IA per cent per month for the use Of
it, and $500 for the privilege of borrowing
81 90, or at least you have to secure him to
that amount.


Now California is beyond dout the richest
State in the Union, and has more pore people
according to population than any other. Why
is this? The question is very easily answered.
1t is because every doler that is coined at the
mint, or is brought to or in the State fines its
way into the hands of the gold speculater. and
there stages, or if it is brought out it is only
for its use for short period you have to pay
very dearly for. Now is there any sane man
that dose not see the evil of such acistance :?
[if there is he must be democrat.) To make
NOR palmer, Suppose there is S30,OOO0OO dol
ars in sanfrancisco, and there is the same
number in paper money in the country, would
not the people have NOR money? +? would not
they be NOR able to pay ther taxes ? would
not labor demand abeter price? would rot
they be better able to pay the honest laborer
who works for his dayle bread !? l say would
not they be better able to pay under that sistem
than the one under witch we are com peld to
labor?


And now, Mr.. EDIT. I've sed more than l
intended to at the out set of my letter but
few words more and then | close this note, and
shall say more here after-i e. if you see pro-
per to publish this, for think it is the duty of
every one to contribute to his county paper,
speshiy one that bids fair to be the rival of all
tract law, i. e. do not lk the law that dose
press the spore mans nose down to the grind
stone and holes ii there HARD TINES.