California Agriculturist and Live Stock Journal. 



furnishing and drawing interest upon 

 all the circulating medium of the country, 

 and because it will transfer from them to 

 the government depositaries the larger 

 part of the private deposits of the countrj- 

 amounting to some five or ten hundreds 

 of miUions of dollars. The system meets 

 the opposition of government bond- 

 holders, because it will enable the people 

 to pay oft' the bonds in gold, and get rid 

 of the burdensome interest. It meets the 

 opposition of money lenders and brokers 

 generally because it will greatly lower 

 the rates of interest, and establish a cash 

 system of business, leaving very little 

 for the brokerage business to subsist up- 

 on. And it meets the opposition of 

 gold gamblers because it will take away 

 the premiiim on gold. It meets the op- 

 position of office-seekers, because they 

 have learned by experience that the suc- 

 cessful way to get office is to be in favor 

 with the moneyed interests; and lawyers 

 are not apt to be in love with it because 

 it will geueraly diminish the business of 

 foreclosures, forced collections and bank- 

 ruptcies. 



But as to all people except the classes 

 above mentioned, this American system 

 will be greatly beneficial for reasons 

 following: 



1. It will make the gold money, the 

 silver money, the paper money and the 

 government bonds all ol par or ecjual 

 value. 



2. This par value will establish con- 

 vertibility of the pajjer money into gold 

 which convertibility will bring all the 

 benefits and avoid all the terrible dis- 

 asters of forced specie payment. It will 

 avoid all such inflations and contractions 

 as we have been supject to in the 

 last ten years, and give the people a cur- 

 rency adapted at all times to the legiti- 

 mate demand of industry and business. 



3. It will give constant and profitable 

 em))loyment to all laborers, factories and 

 other productive capital and will at once 

 relieve the millions of starving and j^er- 

 rishing men, women and children in our 

 large cities. 



4. It will greatly increase the aggi-e- 

 gate amount of production, increase our 

 home consumption, home trade, home 

 comforts, and increase also our foreign 

 exports. 



5. The increase of our exports will give 

 us balances' in our trade with foreign 

 nations, which balances are of necessary 

 gold, thus making gold plenty here, and 

 establishing the true gold basis, (instead 

 of the fictitious ones which we will have 

 if driven on to force specie payment), 

 and thus it will be made just as easy for 

 us to pay government bonds or any other 

 obligations, if desired, in gold as in pa- 

 per money, 



(J. It is the only way of purifying 

 our corrupt government, because it is 

 the only way to remove the vast corrup- 

 tion found by which the corruption is 

 carried on, or to take away that great 

 susceptibility of corruption that men 

 have in time of monetary stringency and 

 embarrlsment. 



7. Under the operation of this Ameri- 

 can system of finance our people East, 

 'West, North, and South, becoming pros- 

 perous, will follow eagerly the pursuits 

 of industry, and ceasing from the as- 

 perities of the past, will grow into at 

 tachmeut for one another and for the 

 government, and the government will 

 wax strong by this attachment. 



We do not believe in any such thing 

 as necessary revulsion or panic in 

 monetary affairs, as taught by our 

 finance doctors. These things are all 

 brought on by corrupt legislation in the 

 interest of money and credit dealers. 

 A country without gold or silver, an^ 

 even poor in other respects, can have g0O(\ 



stable currency adequate for domestic 

 use, and such a currency, will stimulate 

 production and thus bring gold. On the 

 cotrary, a country with the wealth ol the 

 the Indias, and gold without limit, will 

 have a poor currency and be miserable if 

 its money laws are vicious and partial. 

 AVe think the doctrine of over production 

 as now applied to our condition, is iib- 

 horreut in the extreme. 



RADICAL SENTIMENTS 

 THE SUBJECT. 



UPON 



The Soutltern Farmer gives expression 

 to the following facts and ideas : 



HOW DEMONETIZINC; StLVEK KOBBED THE 

 PEOPLE. 



The bill which passed Congress, abol- 

 ishing the legal tender of the silver dol- 

 lar, was concocted by an "English gen- 

 tleman," assisted by Boutwell, who was 

 then Comptroller of the Currency, aided 

 by two of their American capitalists, Mr. 

 Hooper, of Massachusetts, who is a cap- 

 italist and money lender, and John Sher- 

 man, a tool of the money-power in the 

 Senate, literally stole it through Con- 

 gress. It was never read in the House 

 of Representatives at all, as the consti- 

 tution requires, and Mr. Hooper, in re- 

 sponse to the inc^uiries of the members, 

 deliberately lied in the debate upon it. 

 Blaine, by one of his most extraordinary 

 rulings, also helped to put it through a 

 House in which the record shows there 

 were only 1'23 members present. What 

 was the effect of the iniquitous measure? 

 It increased the value of American se- 

 curities eighteen per cent., and millions 

 of these were held in England. It com- 

 pelled not only the Government, but all 

 debtors to pay eighteen per cent, addi- 

 tional to the face of their obligations, 

 and made the bondholders and money- 

 lenders richer by eighteen per cent, than 

 they were before. The "English gentle- 

 man," who was sent over to help the 

 American Congress legislate was Ernest 

 Sayd, in the pay of one of the heaviest 

 bankers in Europe, and the bill which 

 he frames for our ignorant or corrupt 

 Congress to pass put nine hundred mil- 

 lions of dollars into the pockets of the 

 European and American capitalists whom 

 he represented. By this legislative 

 swindle, gold was first increased iu 

 value, and then the pay of all debts, in- 

 dividual as well as govermeutal, was re- 

 quired to be paid in gold exclusively. 



AVAKICE IN LEGISLATION. 



Let those who favor the ruinous policy 

 of contracting the people's currency to 

 the gold-standard, remember that it 

 means contraction of the value of all 

 property except that of the bondholders; 

 that it stops business and chills every in- 

 dustry, reducing the number of workmen 

 that are employed at the same time that 

 it reduces the wages of those who still 

 find opportunities for work; that it 

 throws millions of men out of work and 

 deprives numberless women and children 

 of food and clothes, and of everything 

 which makes comfortable; that it con- 

 tracts the products of the farm and 

 freezes in its cold emlirace everything it 

 touches, excepting only the business of 

 the bondholders and capitalist. And all 

 for what? only that a few niaj' riot upon 

 the misfortunes of the many, and add to 

 their hoarded treasure while the great 

 mass of the community arc bankrupt as 

 the sequence of the wicked laws made to 

 work out the precise results which have 

 allowed their enactment. It is a fearful 

 responsibility which the money-i>o\ver 

 has assumed, and some may live to rue 

 the day that their avarice got the better 

 of their humanity, and doomed millions 

 of hajjpy workers to suffer in order that 



the rich might fatten upon the miseries 

 of the poor. 



BONDHOLDERS MEECILESS. 



The bondholding class are merciless. 

 They first corrupt all our legislation, and 

 make the laws bend and change so as to 

 promote their interests at the expense of 

 every other class in the country. They 

 order the destruction of the people's 

 money in order that theirs may have 

 freer circulation and yield them higher 

 interest and quicker returns. Then they 

 increase the rate of interest lest they lose 

 their hold upon the people. Then they 

 go a step farther, and having got hold of 

 all that circulates as money, they order 

 that by a certain fixed time their debt 

 shall be paid. They control both politi- 

 cal parties, and while all the money is 

 locked up in the banks, they demand 

 that the people shall pay them interest 

 upon their bonds, as if it were possible 

 for people to jiay money when they have 

 no money with which to do so. Like 

 the Egyptian task-masters, they order 

 the people to pay interest at the very 

 moment when they have deprived them 

 of the only means by which they could 

 obey their order. 



GOLD vs. CREDIT. 



There is only three billions of gold iu 

 the world, on which is built its vast ex- 

 changes of property, and probably not 

 more than half of it is in use, the rest 

 being hoarded. Thousands of billions 

 of dollars of property and products are 

 annually bought and sold on bank checks 

 promising to paj' gold. Kemeuiber gold 

 and bank currency is only four per cent, 

 of the world's money. They are only 

 Saturday night's wages — pin-money — 

 market money. The great transactions 

 of distributing the world's property and 

 commodities are accomplished by 90 per 

 cent, in checks on banks and bankers. 

 These checks are mostly founded on 

 hank discounts of individual notes, prom- 

 ising to pay gold or based on gold, but 

 really tossed about and balanced at bank 

 counters, without the movement of a 

 single coin! Four per cent, of coin and 

 currency together, to 90 per cent, of 

 checks, based on the banker's promise 

 to pay gold, which could never be re- 

 deemed. What a pyramid of inflated 

 credit! — Ex. 



SON OF THE SOIL. 



The CAUSE or causes of hard times I 

 have not now time nor space to detail, 

 but the remedy is short and plain; it is 

 this; Read, inform yourself; there is 

 nothing like it; knowledge is jiower; it 

 brings money, influence, place, every- 

 thing; corrects evil, hard times; crushes 

 errors, humbugs, monopolies; reduces 

 taxation, and pays the national debt. 

 Read your agricultural paper, studj- po- 

 litical economy, know how your govern- 

 ment is managed, study finances, re- 

 ligion, commerce, and make yourselves 

 and your sons well-informed reading men 

 and all will be right yet. — ^1. Jl. Marhury, 

 in Rural Sun. 



FRANCE 



Has a currency of over $4!) per head; 

 the United States has $13 per head. 

 France paid an enormous war debt in a 

 few mouths; America has her war debt 

 still hanging over her, drawing gold 

 interest. France made her ))aper money 

 leceivable for ail dues, the same as coin; 

 this country ex(;epted "duties on imports 

 and interests on the public debt." The 

 paper currency of Franco always kept 

 even with the coin; the greenback at 

 times was worth but forty cents on a 

 dollar. Franco has been wise in her 

 financial jiolicy; we have been criminally 



foolish. France is prosperous and her 

 people happy; our country is prostrated 

 by idleness, want, wretchedness, bank- 

 ruptcy, general stagnation and all be- 

 coming worse every day. 



THE LABOEEK's PREROGATIVE. 



Because a man sells his strength to 

 you for a given time and for a fixed sum, 

 it does not follow that be surrenders to 

 you his manhood for that time or that 

 he places himself upon a lower grade, 

 socially or morally. He does no such 

 thing. ' ' Circumstances over which we 

 have no control," have avd will compel 

 the best of us to place ourselves in jiosi- 

 tions, erroneously termed menial, in 

 order to obtain a livelihood, but none of 

 us would consent to subject ourselves to 

 insult and abuse because we were unfor- 

 tunate. No employer has any moral or 

 legal right to abuse his employee, no 

 matter how humble his station in life 

 may be. No employer should be so 

 blind to his interests as to neglect the 

 comfort, convenience and happiness of 

 those whom he employs. — Hon of the 

 Hoil. 



The eelative difference between gold 

 and commodities is constantly widen- 

 ing with growing civilization. Gold ac- 

 cumulates slowly with all man's greedi- 

 ness, while through machinery and in- 

 vention, commodities are multiplied with 

 inconceivable rapidity. Soon there will 

 not be one gold dollar for every five 

 thousand dollars required to conduct the 

 world's exchanges, and the relative 

 difl'erence will continue still further to 

 increase. One clear reason bankers want 

 a gold basis is so that they can hold the 

 balance of power against the people and 

 extort unjust tribute for negotiating ex- 

 changes. 



Mm* 



DOTTINCS AND JOTTINGS. 



BY ISAAC KINLET. 



IVILITY pays. If you ask a person 

 11 i a civil question and he has not the 



' ' decency to give you a civil answer, 

 he will hardly find in you a ready 

 customer, even though he may have 

 the best wares iu the market; and you 

 will hardly advise others to him while 

 their wants may be satisfied elsewhere. 



You may be above resentment, and 

 only pity thecoarseness that insults you. 

 You may excuse in your own mind — pal- 

 liating the boorishness by reason of the 

 unfortunate organization and training. 

 I grant that charity is an amiable virtue; 

 but with all your philosophy you love 

 not the man who has not treated you de- 

 cently, and you are not likely to seek a 

 second insult. 



If civility pays pecuniarily, it compen- 

 sates even better morally. For having 

 done ^ well one becomes himself better. 

 Refinement in action refines the actor. 

 Action reacts; and noble deeds, even 

 from selfish motives, stimulate the vir- 

 tues they are intended only to semble. 



I'rinciples underlie all things, and n 

 single one sometimes explains a thousand 

 phenomena. In the pursuit of knowl- 

 edge, therefore, this is the chief thing to 

 be sought. A principle once thoroughly 

 fixed iu the mind enters into the intel- 

 lectual processes, and is ever ready for 

 the explanation of new facts or the in- 

 vestigation of deeper reasons. The 

 chain of causation has no missing link. 

 Every fact is a consequence of an in- 



