A Speech on the Principles of FinanceWoodhull, Victoria C. (Victoria Claflin)
General
A Speech on the Principles of Finance
Woodhull, Victoria C. (Victoria Claflin)
Money -- Miscellanea
It should be the object of all reform to make a _nearer_ approach to a
system of _complete_ justice and a _perfect_ equity. Any reform that
does not base itself upon _such_ a proposition and whose outlook is not
in this direction _is no reform_, and does not deserve the serious
attention of any. There is scarcely an idea prevalent in the community
of what true justice and equity consist. But it may be stated as
follows: _No person has any just claim to the ownership of anything
which he did not produce or which he did not acquire by an equitable
exchange of something which he did produce._ Tested by _this_ rule, the
accumulated wealth of the world is in unjust hands; it is held by those
who have a _no better title_ thereto than if they had actually stolen
it. It has been fraudulently acquired, and that is the word which best
expresses the manner of its obtainment. And one of the most effective
methods of remedying this growing evil is to attain to a true money
system—one founded in the requirements to be met and based upon that
which it is to represent—that which it is to be used to exchange.
Anything that _departs_ from these standards is _not_ scientific money.
That which _has_ these for its standards _is_ a scientific money.
Aside from all that has been said, there is a general principle rising
into the comprehension of humanity which _must of necessity_ dethrone
that which has so long been worshiped as the money god. The day for
arbitrary rule and standards is drawing to a close, whether they be
standards of materiality or spirituality; of morals or intellect; of
despotism or democracy. Gold _is_ an arbitrary money standard, and with
all others of like character _must_ fall. The tendency of the world is
_against it_, and its doom is _already_ sealed. It has been _weighed_ in
the balance and found wanting.
The interest of the common people, who should always hear every new
Christ, demands a reform in our monetary and financial systems. We are
aware, however, that there is a great deal of prejudice in their minds
in favor of “hard money,” and they must be awakened to the fact that
hard money is a myth—a play upon words—a deception practiced upon them
by those who have played the part of “the appropriators of wealth” lo!
these many years, and who would continue to filch _year_ after _year_
all that the “toiling millions” can compel nature to yield up to them.
In this process the laboring classes are the mere avenues through which
the earth pours its wealth into the coffers of the capitalists.
Public-domain text, read in full here on John Shaqi.
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