To begin at the root of the evil is the philosophic way to deal with all the ills of society as it is with all ills which result in the gradual evolution of all departments of the universe.
Victoria C. Woodhull
The Public Record
Victoria Claflin Woodhull, later Victoria Woodhull Martin, was an American leader of the women's suffrage movement who ran for president of the United States in the 1872 election. While many historians and authors agree that Woodhull was the first woman to run for the presidency, some disagree with classifying it as a true candidacy because according to the Constitution she would have been too young to be president if elected.
Hence it is that it becomes specially requisite at this time, when labor is rising to a sense of the unjust position it is confined to, that these questions of finance should be agitated as the most important ones for adjustment.
To properly understand the relations of capital and labor, and to harmonize them, demands a correct comprehension of the basic principles of economy which relate to finance and commerce.
It will be seen that all questions of finance and commerce are intimately connected, while those of labor and capital grow out of the conditions they make possible and inevitable.
It is this interference with the natural demand and supply of the various parts and peoples of the earth that breaks down the equilibrium of labor, and makes possible the extreme unequal distribution of wealth.
This test, every one knows, is not applicable to any single thing the earth yields; and as little as to any other does it attach to gold, and, therefore, gold in itself is subject to fluctuation, and can in no sense be considered an…
The only argument which is at all tenable, that converts anything that has all the qualities of merchandise into a measure of value is, that the article thus rendered costs at all times, and in all countries, the same labor to produce it.
The gold fallacy, however, prevented Congress from seeing the real drift of what they did, and the country, therefore, must yet a little longer be blinded by the thought that gold is the only money.
Had greenbacks been made legal-tender for all governmental purposes, they would have been “real money,” having intrinsic value, of which nothing short of the absolute destruction of the country and death of its inhabitants could have…
It is receivable for nearly all governmental demands upon the people; it pays taxes, and cannot be refused by any one in payment of contracts and obligations.
All the uses one has for money it fills; it not only meets all demands that “credit currency” can meet, but it fills other and specific demands that bank currency cannot.
All currency that is not legal-tender for contracts and debts is credit; but a currency which is of itself legal-tender is money, because it is itself intrinsically valuable.