People's Pilot, Volume 6, Number 2, Rensselaer, Jasper County, 2 July 1896 — THOUGHTS ON MONEY. [ARTICLE]

THOUGHTS ON MONEY.

Banks are more dangerous to the liberties of the people than standing armies.—Jefferson. If the Americans adopt our banking and funding systems, their liberties are gone.—Sir William Pitt. By the Eternal, we will see which is to rule —the money power or the people!—Andrew Jackson, Gold is the most useless metal in the world. Fit only for plugging teeth and ornamenting fools. —Dr. Franklin. I have met and conquered all the allied armies of Europe, but England’s paper money sent me to St. Helena. — Napoleon I. The theory of intrinsic value of money has been abandoned by the best writers and speakers.—Encyclopedia Britannica. Whoever controls the volume of money of any country is absolute master of all industry and commerce. — James A. Garfield. Avarice says: “I will oppress the weak and devour the fruits of his la-, bors and I will say it is fate that has so ordained.” —Wolney. Bank paper must be suppressed, and the circulating medium must be restored to the nation, to whom it belongs.—Thomas Jefferson. The bank is the union of the government and the money power—a union far more dangerous than church and state. —John C. Calhoun. The present system of finance robs labor, gorges capital, makes the rich richer and the poor poorer, and turns a republic into an aristocracy of capital.—Wendell Phillips, in 1870. Anything upon which the govern-

ment places its stamp and declares it a full legal tender in payment of aH Jag.es is mopey; parameter ‘ wnat. the wtwiial may, >be—H4nry Clay. - I believe the struggle’now going on in this country, and in other countries, for a single gold standard, will, if successful, produce widespread disaster, in the end, throughout the world.— James G. Blaine. Man is the only animal on earth that will quietly suffer for food among plenty. He is the only one whose brain is so small that he will see his tender offspring suffer with cold where there is plenty of material to keep him warm.—lnter Mountain Advocate. If a government contract a debt with a certain amount of money in circulation, and then contracts the money volume before the debt is paid, it is the most heinous crime that a government can commit against the people.—Abraham Lincoln. My friends, unless our children have more patience and courage than saved this country from slavery, republican institutions will go down before moneyed corporations. Rich men die, but corporations are immortal. They are never afflicted with disease. In the long run they are bound to win with legislatures.—Wendell Phillips. Place the money power in the ha ads of a combination of a few individuals and they, by expanding or contracting the currency, may raise or sink prices at pleasure, and by purchasing when at the greatest depression, and selling when at the greatest elevation, may command the whole property and industry of the community. The banking system concentrates and places this power in the hands of those who control it. Never was an engine invented better calculated to place the destinies of the many in the hands of the few.—John C. Calhoun. “Yes, we may all congratulate ourselves that this cruel war is nearing a dose. It has cost a vast amount of treasure and blood. The best blood of the flower of American youth has been freely offered upon our country’s altar, that the nation might live. It has been, indeed, a trying hour for the republic; but I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. As a result of the war, corporations have been enthroned, and r.n era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the republic is destroyed. I feel at this moment, more anxiety for the safety of my country than ever before, even in the midst of the war. God grant that my suspicion may prove groundless.”— Abraham Lincoln.