Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1839-02-08
VERMONT PMGNIx.
Friday Morning, February 8, 1899.

10 argue at length IN favor OF laws pioho'in'
the circulation of small bills We imagin
the intelligent citizens Of this state, requlr
lille Argument to convince them ofthe ridicu
lousless of such laws, & we have therefore bu
a few words TO say upon the subject In the mrs
place. il cannot be denied that small bills are
more convenient than specie. Facts and every
mans daily experience and practice, prove this
Nobody, not even the most full booded loco
foco, loads his pockets with silver and copper,
when he can put the little bills in his wallet.
IL any man deems specie most convenient he
can have il but nobody takes it.-Put that
down therefore as settled, that bills are most
Convenient.
In the second place, if banks are safe for
hundred and thousand dollar bills, they are for
ones and ,twos. Have safe banks therefore,
and lei them issue such a currency as The peo-
pie call for. If it be replied, that banks are
not SAFE then we say go against banks alto
gether, or substitute safe ones for those now in
existence. Why let them issue 500 bills,
any more than ones, if they are not good2
We say that the business of our country de-
mands Banks--good and sound banks, TO be
sure, but Banks of some kind. And again we
say, that by issuing small bills, the conven-
fences of Banks are increased. And further
we say, that by such issues, these convenien-
ces are brought down TO the poor man, instead
of being confined 10 the rich. Why should
not the man who can only deal in ones, twos
and threes, have the convenience of bank bills,
as well as he who can command the hundreds
and fifties
The editor ofthe Democrat, quotes the views
Of some Wings in favor of prohibitory laws,
and affects to triumph over the Inconsistency
of "Whiggery." This TO be sure is an easy
way of settling the question, but we shall
hardly admit the soundness of the argument.
That some Wings differ from the majority of
the party on this point we do not deny-but
we claim that The party as a whole are in ia
vor of extending the convenences of the Bank
ing system to all classes; the poor as well as
the rich. We are willing that men should be
left to exercise their own judgment whether
they will use small bills or spece-and we
protest against being compelled to sacrifice one
of the greatest of the conyeniences of the sys-
pSSuuoS tuS tcCVf y vi oohC bSb iCpuhCo
it, while their own daily practice contradicts
this very theory.
The Democrat refers to France for an ex-
ample, to show that there is no necessity for
small bills. In reply to this we ask, is France,
a small and densely populated country, and in
which wealth is in a few hands, fair exam
pie of what the business and convenience of
l.. l.. r.
to Russia TO show that all the improvements
in government which we have adopted are
useless; or to Turkey to prove that Congress
may be dispensed with and all the powers of
government centered in one man, and yet the
people iire. France does get along without
small bills but we say, that our experience
in this country, proves that the introduction
of small bills would be an improvement even
in France. We should much sooner argue
from our experience that France ought TO
change her system, than from her experience
that we ought TO change ours. But on this
point we refer our readers to an article in the
last column on our first page this week, which /,
gives some information in regard to France.
But we need not go far for examples. Look
at our own state or at New England. Where
is sounder currency than that of New Eng
land, where we have always had small bill s? :
Compare the history Of the currency here, with
that in other states where no small bills are
issued, and which is the best 2-AH then de- {
ponds on the so"ndness Of The Banks. The C
business OF our country demands small bills, n
and the people who have been accustomed to 4
the convenience of them, will have them, in S
spite OF loco foco theorsing; and if they can
not trust our present banks to issue Them then
they will have those that can be trusted III o
fhe banks are good-smaH bills are as safe n
as specie, and FAR MORE CONVENIENT
According to recent statistical account, Il
The number of poor soliciting relief in France
IS upwards of 1872, 900, or about one in sixty of g
The population. There man works week "
Tor what he would earn here in two days. ri
Suo Treasury no go in Minois.-The
tory papers have been wont to claim the state "
81 Illinois as favorable to their views. Now
every body knows that the sub treasury scheme n
IS TIE great measure Of the Administration and Il
he loco party, and on which the men in power
have staked their political all. How popular l
NAT measure is in that state may be seen by !.
he following: Z
SUB TREAsuRY-Speeie System in Illinois S
"A resolution was recently submitted in the n
House OF Representatives OF the Illinois Leg! d
stature which was afterwards referred to la
he Committee on Finance, and that commit.
ee reported the following resolution: y" v
AReeoItoI Fnko4 .. ~