Nequa; or, The Problem of the Ages

by Alcanoan O. Grigsby; Mary P. Lowe

"In the political discussions of that time, half truths served all the purposes of full grown falsehoods as a means of deluding the people. The Free Trade agitators of the slave states were unqualifiedly right when they called attention to the fact that all import duties were a tax upon the people in proportion to their expenses instead of their incomes and were therefore unjust and oppressive to the great masses of the people; but they ignored the fact that the absolute Free Trade that did exist between all sections of the country was of vastly more importance to the slaveholding states, than Free Trade with any foreign country could possibly be. The manufacturing states of their own country were over two thousand miles nearer to them than the manufacturing countries of the Old World, and that fact, with a fair compensation to labor would have given them an assured market for their surplus products without paying transportation charges both ways across the ocean.

"But the leading object of these Free Trade agitators, was to appeal to the selfish impulses of the few who owned slaves, and to the race prejudices of the masses of non-slaveholders, by telling them that the abolitionists proposed to place them on terms of political and social equality with the slaves. They were taught to believe that under the prevailing tariff regulations, they were taxed for the special benefit of the 'mudsills' of the manufacturing states, who being low down in the social scale themselves wanted to bring the proud, chivalrous people of the slave states down to the level of their chattel slaves.

"As a matter of fact, neither the producing masses of the Free States or the non-slaveholders of the slave states had the remotest conception that the international gold power of Atlan was taking advantage of the discussion of slavery and free trade through its paid agents, to sow the seeds of discord between the two sections of the Great Republic of the New World. And they permitted their resentments for fancied wrongs to be fanned into a flame of fierce indignation, which, as was intended, culminated in a bloody strife and the creation of a vast bonded debt.

"This fratricidal struggle lasted nearly five years, and when it ended, the people found themselves in debt, billions of dollars, to a class of people who had speculated on their necessities. The unsuspecting masses on both sides had bared their breasts to the storm of battle, endured all the privations and suffered all the losses, and were in debt for all the expenses of the war INCLUDING THEIR OWN SERVICES, to an international money power which ruled the world.

"In order to carry on the war, paper money was issued and paid out to the soldiers, sailors and citizens for their services. This money performed all the functions of gold and notwithstanding the fact that the people were engaged in a most destructive war, it stimulated all branches of business and brought on an era of great industrial prosperity. But after the war was over this same paper money which had been paid to the people as the original creditors of the government, and for which they had signed receipts in full for their services, was converted into interest bearing bonds, and these same soldiers, sailors and citizens were taxed to pay to those who speculated on their necessities in the hour of danger, the same debt that had originally been due to themselves, and for which they had received legal tender paper money.

"But had the process of funding the legal tender debt paying medium of the country into bonds ceased at this point, the international gold power of the world would never have been able to financially subjugate the people of this country, as under the law creating the bonds, the debt was payable in legal tender paper money. So another step must be taken. The debt had been created and a large portion of the money had been burned, but the bonds did not call for gold, except for interest. Hence a law was enacted resuming specie payments, and the bonds were made payable in coin, and now the people who had taken paper dollars for their services in saving the union, were taxed to pay gold dollars to the money kings for the paper dollars they had received.

"We can scarcely conceive at this distant day, how it was possible for our ancestors to have been so stupid, as not to see through this outrage that was perpetrated upon them, but nevertheless, history records the fact that for thirty odd years after this bare faced legalised robbery had been committed, a vast majority of men were voting their approval, which was proclaimed throughout the world as the triumph of patriotic statesmanship.

"As the direct result of this kind of financial legerdemain, which converted the debt-paying medium of the country into an interest-bearing debt, the wages of labor and the prices of products steadily declined, business enterprises were wound up in bankruptcy at the rate of more than one thousand per month and millions of workmen were forced into idleness and thronged the highways in all parts of the country, demoralized, degraded and becoming a sure menace to civilization.

"As a result of the war between the states, chattel slavery had been abolished, but another form of industrial servitude, the wage system, had fallen heir to all of its worst features. The owners of the chattel slaves had the power to be oppressive and cruel, but personal interest demanded that the slave should always be provided with food, shelter and raiment, while the wage slave could be turned out to starve when from sickness, age of any other cause it was more profitable to dispense with his services. The wage slave, who must work or starve was serving a much more exacting and cruel master than the most heartless owner of chattel slaves ever could have been. In the great sphere of human servitude the tables had been completely turned. While the slave owner had always been very careful not to give his chattel slaves an opportunity to run away, the wage slave very often lived in a perpetual dread that his master would pay him off and tell him to go.