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Les diagrammes suivants illustrant la mdthode. rrata o selure, id □ 32X 1 2 3 1 2 3 4 5 6 'I I i«al !"•'' iiiiil null nl \ tilr veil T n i proi < lOV ■■uu\ a pr mils mail a I'l pies it cc an.] will It payi sliip aiiij tcii.l ami i cmti ISiit, payii HARD 'I'lMUS: TllRlR CAUSI'. AND rill'JR ( URi:. BV , SVI)NH\' MVl'kS, It is iiiipiirl.iiit tliJit ull ^liiMiM know ami I Inr rivt r> iiii> iia\ iimMi' ;iii'1 I'liun-li liii;li- |i;ili/c lllC (IlirC (•;lU^-(• ii| tilc |ilCM'nt ilc'\V:13^ I'nr '(iIimK Icf lliriHl';li llloMvjinils of pi'i'sscil :iiiil sii\king cniiililioii i>{' iii'l;i~tiy mill coinmcii'f. It dues not iirisf IVorn aiiv niilcscl' t'l itilc ic;,'i.in-, the i\i. iit ol' Ihi nil- ways cNcccii ! Iial of any nl In r iial imi. In rdi- iiuliiial (If iinavniilai'li' faiisc. liciuitroiis i matt i> -,alui'! il)\l^. !ii r innplc iii.insli iniis. ainl iialiiic lias lavislici! 111)1(11 tlii-i hiiai ii'sdiirtCM ' the lualiiial |>i'^ nl' llic 'iist (a iiliu v !>* nj wfiillli licyonil all ct In r- llfi soil i-; t"( r only an I'lnic-t ol' In r « a])aliililiis. \\ iili alt tilr. lior inincs ai( ricli ami iinl y''t l';illy ilc- i these ail\ai,t;;L;cs, imhistry is paraly/.i il ami V( liiped, her (iiiilieis ai'" \- iiieil mil iJniinlaiit, j tlic |a'i)|i!r are siilVi I'liU' ili'-lif ss. THE CAUSE. The cause i.s In.) nlivioll- to lea\e a li'Ml'd. It is to he luiiiid i'l the past, present, am! The history of that pi'iioil i- iinw repent- \n\heii they alone, in I81!t. protested piesent adniinLstratitm of liie Treasuiy. and i a'.jainst the i_L,'ia. rant and < nn 1 [mliey of Sir it certainly will not he niadi' mill ss pioniptly , Hoherl l'(el .and Iticardo, w!io were .sup- ami sternly di'mamled hy iinmistaka'ile inaiii- poited hy the ahnnst uuaMiinoiis voti' of the festal ioii.s of an aroused and earm^t po|iiilar Lords .and ( 'oiiinion-. and applauded hy liie will. I doctrinaire.-, ihi' money kiiiLf-. and the daily It is iii^-hly ]irohaiile that the means i>f; press, payment \s ill continue to lie dec reasi d li\ It should he home in mind that tiic legal- shipments of loin from the iiaiik r. serves, J eiider o| tin- coiiiiliy is the only means of and hy the distruetioa and hoariliiig(d' legal hgal payne nl 'I'iic hank m-tes and Imnk tender notes, until llio inveited cone of hank ] deposits, a.s well as olili;,ratioti- of imlividii- and individual indehtcdnesscrusliea this gen i aU. are all drl.f, ,iml are all pay;ihli' in legal eiatioii as it crushed a generation in (heat ! tender and that perioilically. ami. at hast, Ihit.iiii during theelVorts to resuim' ••specie payments" hotwcen IHl,") ami \H2-i. once on the average during cat li di eade. there has hem in Knglaml and in the Iniled Stiitts IIAUI) I IMKS; u ^I'licral iiml iir;j;ciit (lriniiiit- liur, in cliltiing personal oldipiti.mx, a> well us lmnl< notes anil ttnnk ilcposits. TluToiirc i>f'oplc wlio look upon liank iiolcs uiKi liank (Icpn.-it.s as i c|\iivaii iit to Irnjiiltcii- tlur. wlu'iciia tlicy arc Imt promises to pay li'giilti'niliT on ih'iuuiui. siiul some nC us it- ineiiilter lliat in 18a7. and in iSdl, tleniiiixl was inatU', ami suspension eiisucM. !i< it always liius ensueil mill will ensue, uu'ler Ilk.' rir cuinstances. In 18o7 and 1801 Wotli t ol" legal tenders. The managers ol' the Tieasmy of the I'nited States propose, under the resump tioii act. to roipiire all delits to be payable in gold, (iold to be the only legal tender after Jan. 1. 1870. Tl us contriielinn tiie means of )}ayin«>nt. In 18711 demand was made for paynu nt of debts due, individual ilei)ts .a, well as debts consisting of what are called bank deposit-; The demand was not for legal tender alone in 187;J, but for currency, imluding bank notes, which are theni'^elves promises to jviy legal tender There wiu< not then biitlieidit currency to meet tlie demand for payment. Tiiere is less currency now than there was in 1H7:i, and no le.s8 debt incliKling bank depos its. If a general demand were made to inor low for ( urrency payment, suspension would ensue. If>.pef tlnancial precedents, which should warn us of the dang(!rs toward wlii( h we are tcnil ing. After resumption inevitjibly comes suspeii sion. The itank of Kngland finally resumed full payment in gold and silver in 18'];i Two years later a demand for payineut was made and a fearful commercial and tiimncial crisis ensued, and the Hank of England wits only enabled to avoid suspension of currency payments by the timely discovery of a bo\ e(U)laining 1.000,(HH) rr t<» wlien it is refused fi.r ciistoia .lues, iind when ' notify the holilers of nmturinj,' couimhis that the Kovernnient refuses to redeem it— yes, tliey eouhl reuli/.e their itilereHt six niontbH redeem it in bonds, as orij^imilly contem or h-ss in advane<'. as current conponij wouhl plated -it is a l)reach of ;r,„Mi |;,ith. fnuiglii l>e received in payment of customs or nny with dintistcr. When a •.-■ovemment pays out other (hies to the urovernment. I nder such anything as a medium of payment it can not. an arran;,'enient (•ouiM)nh wouhl always he iionestly, refuse to reci-lve tlie same at its pi esented and cancelled l)ul( e »hu'. and the face value Currency should he a lejcral-ten- necessity <>f providinLr irold to meet malurinj; d(i. re<'eivat>le by the govennnent, without ii'.tcrest would lie avoided. Authority to re- wliidi it can not satisfact rily i|ischar<,'t' the ceive coupons in advance was j;iven in a reso- functions of a medium of puymeiit, ; lution of ('oni,'res.s. March 17. 18(51, hut it is In order to eflv i-t a satisfactory (inancial ' a .piestioii whethtr any but the Syndicate sy.«tem. it seems essential :— :ind Treasury l{iu;,'s have derived advaiita;,'e 1. That the administration of the nati(tiial from it. The fact should be more widely Treasury should look primarily to the inter- known ests of the people of this nation: and its ad- 5. Kveiy system <>f currency must li.ive a miiiistnitors should lot»k for approval, ap- /v.vr/vv to meet e\t inordinary circumstances, |>lause. and compensatitm at /toific—nol from jUKt as New York lias reservoirs to hold iihioad. \ rest /ri.s iff water to meet c.xtraordiiiaiy de- 2. All that enters into current circulation niands Let |")(l.00l».(K)0 of United Slates shoidd be issued by the ;^overnment and ite notes be held in reserve for the purpose of reci ivable by u'ovcrnineni for all ihies, with !)» i-ig is.«ued to persons or corporations, in t out discrimination as to amount or kind >d excnmge for bonds at par. IJomls bearinj» dues, and should be a legal tender for tin 4, 4.10. •>. or G p( r cent inlerest may be hy- purposes of payments between the people. pothicated, and the owmr may receive the 3. Tie pap«'r curnincy of the country face value. ( oudiiionid that the bonds shall should consist of United States iiotrv w iio'ly, not bear iiiteie.-t while so liypolhecated. representing shares in tlie national debt. This reserve, by tin- diin.iiid nnide upon it, legal tender, receivaljle tor all i)iililic and will serve lo indieale the pies.sure tor i inn n- private dues, flntate of I lie reserve shcnild be pul»- o( the holder into interest bearing obli;ra lished weekly ri>r geiiiral iuformation tions and United Slates notes so nceived In order to secure the adju.-'imeni of the .-hould be retained at the Sub ti( commerce, without reliance on the dis- bearin;,' obligations issued at that Sub tnas cKtiou oC Congress, or of any otiicial. let the nry at the pleasure of the holder. i law jMovide that wluiievrr the reserve shall 4 If the government lias any spf«ial con be redueiii to tin millions of dollars, it shall tiact-ss^o deliver metal \\hetlier copper, be tiie duty of tin Secretary of the Treasury nickel, zinc, silver or gold, it should buy the iinineiliately to issue fifty millions of dollars metal from the mines and forward it in .-.uch of .idditioiiiil United States notes, to be paid pneka,'i(s or such form as was aiireed ; but in oul in the purehase of long time bonds, or in providing for interest payable in Liold, it ! the purchase of liullion to ])ay bonds as soon il AKD IFMES; as tlu-y can bo lawfully 'allcil in. llni^, raus iiijj tlic rc'scrvf in Im k |)l^•ni^il> ilii i> rcpli-nisliiMl iiy tli» aiilomatir opcralimi nf llic valves. (i. "Siu'c ic jiaynicnf ainl ^\nT\v >tiinil:ii(l, or l)a>siH, ;iri' imt syni>nyiii"U.«. Wv luiiy \\:\w 11 »|)i'cii' .-t;mtliini witliniit luikiiiLr :ill ilIU- inodilv lo l»e weiuhctl. So we caii U'.^t valiie.s liyllie late <>( iiicoiiie to lie (Icriveii — the ii)lii'e>t Oil I lie iiiteiroiivcrlilile lioml would correspond to ilic pea on liie steel yard, and piiyalilc! ill specie. We may liave a specie I would lie coriv.spondinuly iKscful in testing htandard lor oiir curreiiey liv inakiiiir the | values. Tlie annuai rate of productiveness interest on the iiiterconvi-rtil'le iioinN pay is a well cstnlilishcd rule for tin; estimation able in specie. of values. NEW MACHINERY WANTED. Sj)ecie payini'iit ol' all delif.» i-. inipriK tira ble; as (he e.\periei\( c of iieiici'alioiis has btaincd. Indei- that system which has o especially in (he Hrylish speaking and Ten ])roveil liotli in (ireat Hrilaiii mid America, j tonic cMimtries. during,' tlic la-t l):iO yeais' In mi clianics we abandon a iiiachiiic that llnancial crises, involvjn^' universal distiirb- proves it.self to lie unworkable by always aiiccs anler(d ! sume a system under which no nai:ion has been jori'a.i ))" prosperous ; it i^a blight upon every Tin.' .--pec ie redemption system is \m II | eoimtiy that has adopted it; it- crushes the adui)ted to the objecis of the syndicate, luil I iiidu.-tiies of the people, concentrates trade more diltieult inobh nis in nieeliaiiie; is detrimental to the interests of th peo])le I in to few hand s, aiii 1 u hill' it enriches Home, am 1 t o al iiaiiKs. These lattir ( 111 III tier jit impoverishes the many; it discourages employ their capital in (heir business, which would yield a greater [irolit than when locked up in bonds. Maiiv 1 •auks are retiring llieir circulation because it is uiiprolitable. Thi> labor, depriv's the laliorcr of his Just reward, it IS destriicMvi! of the nation's progress and wealth, and. worst of all, destroys tljK man- hood of its people, di.s(|ualifying them as citi/i lis of a free rtpiiblic. and an exigency Ihal will deinainl an iiii ' The objec t of all industry is the procurr proved system of cuireiiey It is Wf.dl t" I. prepared for the event is a contraction that will iinii'f on a crisi.^. f life iinnt III stisteiiani'e anil the f oiii forts o and this is the greati'st incentive to labor. Al of tat lilt I Ik I ' • (US I I .1 I t«l i I ml ay IJ Troi 111,.! iiiii'i l)(! TlTi 'inriK cwusF, and rMK.iK ( i'kk. 5 All lluw rniU arc flflViit<; imlii^try Ian- ^'iii!«lii s M lull it*i cxclmnjirft arc iiilrimpltMl. Till- 'Inly .if all K"^"'"""''"' f^ '" rmili lalf i|if t itimiu'itf of llic |Mi)|)|c l.\ the wix. <|iini (il itM laWM nml tln' f'aitiirul lAKiiiion of ilii'iii. It i- for i)r()t<'(tii>n, aii^l not riiincitts arc (.staliliMlicil. \V( imi^t liinc iii'W fniaiu-ial inatliiucry- - I lie oi'l >y.HtriM liai fuili'i!. Tlir >ali('iil [iKiiitN of the iii'w macliiiicry stem to Im-. 1. That ^^nniltaiks shall i).' rccfivt'd for diatoms and all other iUu-(« to govfrtinwnt the baiiic as ({old. '2. That till' silver ilollur slial! lie nstoruil to its old rank in tlic li.-t of oiins. and tlmt III!' iHodmts of Dili Anirtiiaii silver mines Hhnll Im" c lined, ns wrll n« thf pnMlticts of the Itritish p)ld niiii< s. ;(. That if any person has (greenbacks — I'nited Slates notes not l>earinj( interest and desires to (Arhanfjfe tlnni for governnient notes heurin;; intercMt. that this intitrrhanjji; slionld lie made at the stil) ircasnrics. I And tlii< holder of tlie in*e'.i-HtdH>iirin(j; old! L'ations may re e\rhan;,'e it for j^rccnhack-. at l)ar and interest at iiis pleasure. That withoiii suddenly disturldn^' exist inj{ (onditioii.". the policy of this ijovcriiinent I shall lie to siipplv. in the form of eviilcnces of its own del)t, the ji.iper currency of the country, instead of fanning out the privilej;e I to eorpoi'utioiis to supply the paper oiirniiey i to consist of (.'videiKJCH of /fir/'r debts. THE PRACTICAL WORKING. Iiiteicsldteurin;; obi ij.'at ions, called ( '< i lifi -■'//■ .V, 1,1 distiii;,'uish them IVnm tli« imnded debt, slioiihl l)e furnished to ail suli Treas iiries. These should lie tor ten tiioiisand ilollars each. ( eriilieates of sinallri- amount ^\|)li!d ciiculac and dcbat tiie object of .-•mriii;.'' automatic contract ion a'nl i vpaiision. tiiat is, elasticity to the volume of (urremy, •.n\'\ involve much addition, il cleric.d hil'or. Tlioe certificates to he issued nnly on tin- -iMnndir of an npial aininmt of I'.S. Iciral ti'iider notes. The form of the notes In fore reissue should be < han^ied, so as to nad: The I'nited Slates /'•/// r'nirt. iiistiad of the luited Slates in'll fHii: and the indorse- ineiil sli'iuM be so amehded as to .say : / /ii>i Xdffs II n liitvrvUiiiiiiiiiUJf ifilli iiihri.-t /i<^//'///(/ certitieale.'i. ami a le.L;al lender for all li.tynient-. unle.s.s otherwise slipiilateil. United States' Notes reci ived at any sub rreH.sury .shouhl remain at sui h olHce until they are rei|iiiiid to take up eerlilicati's. The iiinoiiiit of eoiiiractioii or exj>aii-ion should be icpniKd daily from < aeli I'f the sub Treu.surics to the Natitinal Treasiiiv at Wash- I inudon, and ;;iven to the Associated I're.ss, so ; that every oic who reads a moiuin^"' paper may .see the amount >>f contraction or c\))an- I sdoiiof the piivious day at each sub-TreaMiry trom I'ortland, Oreyon.to Savannah. aiul from I I*ortland. Maine, to (oilvtston. 'I'lie certifi- cates should l)e i)repared at WashiiiLcton and cliaiyed to ihe olliee lonhich they are sup- plied, the .same as ntil.vay tickets are pre- pai(ii and (liir-ed to '.he ticket-ortices. Till' iiileie.st (11 ihe-e ccitiliciites not to I exceed tlii' rate p.iid on IJiitish consols. :> per eeiit , pi lii.ip-. 'i percent, would be better. If \ Suixlays. holydays and day of conversion are ' rejected in tin' ( iimpiitation of inteiisl. 1 cent a day on raeii sflDO would amount to |l I pel day on eaeli cerlitlcate of sjilO.OOO. or about three piic'iil. per annum The interest to be pai piesunied. would i^eii- eraliy be nnele for \' S.' note>. a-, under tlii>. sy .lem they would likely be pref rred to coin. We have .so far had refennee to Treasury II \Kh IIMKS; nntcH intorrhanucHlilo with tTrtlftculcB. Iwar- in;/ iiit riht at om- cciit fur cvi-ry Ifiwfiil ilay. iihviiyii f.X(liaii>i<'al>lr I'li ilitir nliiiii for llotCH lit the rttili 'rniUMiiiis. uh(iiued only on ilir liyjKitli(.'(;ation of iniercht- itearinirl»onds. The liyix.tluvated bonds take tlieplai;e in the res'i'Ve uf notes theixi i«sii."d to the amonnt i>f their face value. 'I'iie rate of interest l)orn by tlie bonds hyixitlieeatcd will feive to show the ile^^ree of pres.surc for expansion. If the pressure i.s liirhf. four per cents will be hypotln eated ; if gi( ater, four aiel a hall's, fives, or sixes will come in, Tlirsi Iii4ii(ls //•/// ln t'iit|ied. Iwliiehwill expand and eonlr.n t the voltnne of eurreney as the aetion of the valves nf a steam emrine supplies or withholds steinn. I and the amount of eontiaetion or ex])an.-tes shal! be res. to i.ssue tifty millions nioie notes, and pay them out in ' the purchiuu of bonds. If the market slioujil ; not he favorable, then, to buy l)uHion tn pay off bonds as soon as they tan be called in This nniy. at tirst ^iglit. sijem eomplicated; ! but it is far less .so than the const met im t.f a locomotive engine, or a sewing nnichinr. rn the automatic supply ot hot and cold water I in u moden. dwelling. Maehini-ts tackle I and solve more difRt alt problems in mchan ism, and it is not too much In ask that legislators and financiers should show ecjual skill in adapting new machinery to our monetary needs. In providing a moiu ta.iy ; system adapte I to the present age and < ivi i lization. instead of peisisting in resnmin;:- one j that has produced confusion, lailure, and liiu)ian (legrada'ion in ail count lies where it I ha.s been practised, a new departure shouM be made, and our mnnetary svstini estab- lished on such a basis as will facilitate tie' exchange of product ions without prodiK ing j violent tluctuations in value, jjeriodical dis- aster, and social ilistuibaiice. NOT A QUESTION OF GOLD OR PAPER. The (juesiion i- not bitweeii gold and 1 < ioM coin .|i,!''-''' :..?oo,ixxj,ooo 31 r. Fawcelt estimates the amount 0. lais per capita more than we have in the 'fhere is no iiaid money sy.Nlein in anv com- '"'I''' ^'"'cs. including coin and paper at menial (oiinlry. The same .'tulhority shows } '■'''•'' ''"'"' ^\'h:ifevci ( ii( ul.ilc- ;e a lu'-dium th.it in Kiirope there is in ii.se, as inoiiev. the | **'^ I'l'yu" "t should have a lirimr basis th.in following amounls: j private credit. It shiaild be issiieil bv the Illl IK ( \rSK ANI> Tin- IK (TKI 7 piiipli's Jifjj'iif mill iijiuli* rt'ilcrimihli' in jrnv I'lllMliIlt llollils !( sitlllity IIS lli.ilki t.llilc, ;il|il of an strinly II nirDiiirii illl valid' US any coin nioilily wliiitcviT Mill l)i> ^ooil u.s |iiii){ iis tlir iiittioii cutJiin'M, liiyoiul wliicli no Hniuuinl >y->t' 111 l. A -ty.sti m tliiit is not iH'w. Iiiit Int.-; linn proMil liy tin tot orixpiTiiiiff. Tin IT was II sy«triii n| linunn' pnutiit'il in tiir iniildli' ii|;is- till' "(lark iinr,..' niulii wliicli ^oviriuncnt toin dues, for which it demands j^old iiisleiid; and, fur tlii-r. the ^,ivernin(nt has rendenii these notes iriedi'emalile liy repcalinji the provi^^ion of law iii'der which tliey were issued, which provided that they should he reeeivalile hy till ^ovi rniin lit at pur for Intrrcj-t lieurlnj^ ' olili'^'alions of the ^^ovi rnini nt. Whin the TreiiHtiry note ix made npuil to I goltl, Hs it woiilil lie on the iiasis proposed, ' till' piiymeiit of interest may l>e made ill coin or riiili>l Mates notes, at the option of tiic payee, luil it is prolialije that the latter will he preferred. Wiii'iiever coin may !>c in cm ess hy importat ..iis from other coiitries, Ireasiiry notes w mid rttriii^fency. The payment >f interest at tlie option of the pay •' in coin or paper would prevent ail violent tin . itious ill the pnrchiusin;.' power of riiit.'U States notes. Tiicse luitcH hfinu: luittomcd (in tiives and reeeivalile hy the irovernn. ii forall dues. lieinL' a leiral tender throughout the hof I, mil redeemahle in inti ii ^t ■ Ixarinfj e'-lii. iiions, tiny wduhl have a ci riaiii and blendy vnltie. such as proniis.sory notes of Imnk.s hav<' never had. If olhir nations should r i a similar .systim, it is iirobalde that !,'old and silvt r would di preci.ite as did silver hy a partial rUmonetizat'on. The rate of interest on cer- tificates, into which all notes would lie con- vrrtihle, will serve as an (tfective (i|uipoise to kocj) steady the value of the notes. THE GREAT MISTAKE. Tin; depreciation of the grecuhaek hy the uiiAi'-e mutilatitui of the legal tender power, and the ahroyation of its coiivcrtihility into interest licurinjj certificates, has l»c( u the main caii.--e <{' all our tronl>lc. It was this (aiisid the ilepreciatioii of the greenback- it wa.N the depreciation which led to tin- unwise policy of arbitrarily contracting the lurrency, as it was said, 'to raise its val'ie to gold." Tills poli y has become a complete failure, for after a contraction of $fj>tli,fli»0, 000 by Secretary McC.'illoch in \wt> yiar.s, 18(50 07. gold was higher than it was be lore i;oiitracti()n began,* And yet this policy is persistently going on. We are burning • See Tribuiii' .Min.iii.ic, and I ir. Taylor's American i iineney. +,Sec Dunn and Harlow's list of bankrupts. gfeeiibaiks, till best circulating iiKdium. and :iub.-titutiiig long time iionils--addiiig to the interest bearing debt -bankrupting thecoun- try, and for what/ To Ktiirn to a sy.-^tem that has repeatedly .'ailed ami must < \er fail 'I'lie contraction of the i urn iicy has para ly/ed industries, ihprcciated the value of ecery kind of property to the e.\tent of thou- sands y.OOJ in 1876+— has deprived 2.t»(iO,00() (d' pi r.sons of eniphiynieiit. and spreail a pall of gloom over the whole country, which is a sure forerunner of crime and turliiilaiiee. •See New \ ork asNCssments -a ilcprecialion uf $581,000,000 in the iiioperty value of that : tate alone ! 8 HARD riMF.S; IlIKIR CAUSE AND THKIR CURR OUR ADVERSARIES. Tlierc i« ii powi i wliiili mU's llic woiM from which no comincn iul proplo have t\s yet been I'rccil. Tliat power \i wiclilcd liylhc tlio grciit. syndicate comjKi.-fil of a few fjrcat Dinney kiii"ii interest, ft was this |)nwcr that dictate..' .establishment of the English system in tli countiy. It is tlii> ])t>wcr tUat is coercing n> through coutraction anrl b.> ik ruptcy to again resume that system. lt«-.as this power that ordercii silver to be dem.me- ti/ed in Kngl uii:r masters, and free ourselv through many genera- tions, and in all . ..untries wiicie t he no called "Specie Uedemption" system ha.'* |)revailed; whi( h might with more propriety lie called the •Specie Siii-pension" .'-ysi em. MUST THE GOVERNMENT BE AT WAR WITH THE PEOPLE? Our legislation has been pervert cd—spc- ! cial interests have been preferrcil to the grn- 1 oral interest, in violation of the primary [)iin- ; ciples of all governiiicnt. "It is to ]U'oi)erty of the citizens, and not to the dciuauils of! the public credit, >!'. thai the original faith of' civil society is i)ledgcd: the claim of the j citizen is ]):'ior in time, paramount in title. , superior in e(]uity. The state can pledge' nothing but public estate, and has no ollici' estate than what it derives from a justly pro- j portioned ta.\ on the citizens at large."+ Laws that transfer one man's property to another' tiulniund lUuke. without eipiitable coiwideration are not only unjust, but are e(|uivalent, in eftVcl. to violei ce and s|)nliatioii. Under this class legisl.ition, propi rty is silently sliding into other hands without adeijuutc consideration, or bc(;oinin;.; worthless. Jliist this go (mV 'fli(! syndicate tleit rules the woibl have brought our lin.i'U'cs into such a condition that the progi'cs of the people is checked. They have powerful and intilligent agents; they control legislatures atnl manage party organix.ations. Wn.vv .\m.; tiik ckojm.k DOI.NOV Who I^ .\CTIN(. I'oil rilK.M':' ChIlWCi). y'i//v /.»/. iSj'/.