740 THE IMPENDING REVOLUTION. 



pose. But that was only on a large scale what has been 

 done on a smaller scale for fifty years and in all depart- 

 ments. 



"Politics, from being the science of good government, 

 has often been bedraggled into the synonym for truculency 

 and turpitude. A monster sin, plausible, potent, pestifer- 

 ous, has gone forth to do its deadly work in all ages. Its 

 two hands are rotton with leprosy. It keeps its right hand 

 hidden in a deep pocket. The left hand is clenched, and 

 with its itchorous knuckle it taps at the door of the court 

 room, the Legislative hall, the Congress and the Parlia- 

 ment. The door swings open and the monster enters, and 

 glides through the council chamber as softly as a slippered 

 page, and then it takes its right hand from its deep pocket 

 and offers it in salutation to judge or legislator. ' > 



We now have a clear field for the discussion of the 

 first problem. The first great need of the people is more 

 mone y a greater volume of circulating medium. The 

 reasons for this have been fully discussed in another chap- 

 ter, and we shall only allude briefly to spine of the effects 

 it would have on American industries. It is safe to esti- 

 mate that three-fourths of the producers in the country are 

 in debt. ' 



"All writers of political economy admit that the 

 value of money is established by its quantity, not by the 

 material of which it is made. The war of the creditor 

 class against silver is because the supply is supposed to be 

 inexhaustible, and the more money there is in circulation 

 the less of the products of labor will a given quantity buy. 



"A has a farm worth $2,000 mortgaged for $1,000 to 

 >. Now both are really owners of an equal money inter- 

 est in the farm. 



' ( Double the amount of money in circulation and you 

 double the value of A's farm, so that A has at least $2,000 

 in the farm, while B's interest remains at $1,000. A's 



