420 THE IMPENDING REVOLUTION. 



would seem that the above is sufficient to convince the 

 most obdurate and obtuse mind. Having seen that con- 

 traction, or a decreasing volume of currency, causes a fall 

 of prices of property and labor, and produces stagnation 

 of all industrial enterprises, it now remains to be seen 

 whether we have had such contraction in the United States, 

 and if so, if it has produced the effects indicated by the 

 eminent authorities just quoted. We give below one of a 

 series of the letters by the author, which appeared recently 

 in the National Wheel Enterprise: 



"Shylock, the devil and his co-conspirators having 

 secured the aid of the people's mis-representatives in car- 

 rying out the programme laid down in the Hazzard circular 

 in the interest of the capitalists, to the extent of incorpor- 

 ating the National banks in our financial system, and to 

 the end that they might still further extend their power, 

 influenced the Secretary of the Treasury to recommend to 

 Congress the policy of contracting the currency, with the 

 ultimate object of destroying the greenbacks; because 

 Hazzard says: "It will not do to allow them to circulate 

 as money any length of time, for we cannot control them. ' ' 



We come now to a consideration of the history of the 

 legislation that enabled them to carry out their diabol- 

 ical scheme. Was there any necessity for it, or was it 

 through ignorance of its effects or on account of u pure 

 cussedness?" Did they know what they were doing? If 

 not, we might exclaim in Scriptural language: "Father, 

 forgive them, for they know not what they do." 



Read and judge for yourselves. In speaking of the 

 resumption of specie payments Secretary McCulloch said: 



"The first thing to be done is to establish the policy 

 of contraction." Report to Congress, Dec. 4, 1865- 



Satan had entered our garden of Bden. 



On the 1 8th of the same month Congress said: 



