Southport telegraph. [volume] (Southport, W.T. [i.e. Kenosha, Wis.]) 1840-1850, 1843-10-03

sDo it, replied, 'and will at once be-
corhe you partner
well then,' said he, sis not money some
thitg entirely conrentionaI?'
\ cannot say but it is, rejoiced |.
fDoes it not owe its whole value to the
tadit agreement of men to receive it from
onf another in exchange for commod,tiesp
q; is SO declared, said [, 'in the Wing
newspapers, and you and are both good
members Of the Wing party
well, then,' resumed he. sif you and |
should fabrlcate notes so much like those
at present in circulation, that the difference
between them could not be discovered,
would not the one kind answer the purposes
Of trade as well as the other?
II cannot see,' said |, 'why they should
not. Every counterfeit, till its true charac-
ter is disco 'ered, performs the same func-
tions as a genuine notes. When the
circulation OF small notes was suppressed in
Pennsylvania, it was found that many of
the dollar notes which had for years for
med part Of the currency of that State
were counterfeits. Yet exchange were
effected by them as well as they could
have been by genuine notes, or even by
silver dollars. AS they performed all the
uses of money, the original issuers Of them
rendered a benefit 10 society; while they
destruction Of value exactly equal to the
amount Of notes that were, in consequence
Withdrawn from circulation
They acted more sensibly,' continued
Shocks, in certain districts in New Jersey,
where, us am crediblv informed, the
whole circulating medium, some yeal ago,
was made up Of counterfeit notes. Every
body knew they were counterfeit; but as
every body consented to receive them, they
answered the same purposes in trade thai
genuine notes did in other parts of the
country
AS money is sometimes entirely conrea
tionai,' rejo.ced |, lit is evident that if pco-
Pile pU only consent to take them, counter.
felt notes will serve the same pupose as
genuine. And if we can make our coun.
terfeit notes so much like the genuine that
it will be difficult to distinguish the one
from the other, | can see no great harm in
engaging in the business. 1t is innocent,
know: but how will you prove it laudaJlc?
'Well, now Scroggins,' said he, 'you'ro
Wing, and subscriber 10 the New York
Courier and Enquirer to ask such ques
ton! For what other object is our party
laboring for than to increase the circula.
ting medium? Do not all our Wing orators
and Wing editors unite in declaring thai
e ic he Il
calamities the country is suffering? Are
they not equally unanimous in declaring
that paper is, as material for money, far
preferable to gold and silver?
You need say no more,' see the force
Of your argument. Want Of circulating
medium is the great want of the country
1t is this that has caused the fall in the
prices Of labor and produce, of stocks anc
OF real estate. We have plenty of pork,
plenty Of cotton, plenty of great men, plen
,y of every thing, in short, except money
Let us go to work to supply this deficiency
CHAPTER ILL.,
For time the money mandatory esta
blishment Of Shocks and myself was high.
ly useful to the country. Our issues, which
were abundant, answered as gooda purpose
as could have been answered by silver dol.
lars and eagles. If we had only been lei
alone we should have produced that rise
of prices which is the devout OBJECT of al
Wing aspirations. Some malicious Loco
Focos saw this, and to Illustrate our patrio.
tic intentions, they had us again arrested
| must con tess that on this occasion nv
spirits sunk within me. Here was
laboring to the best of my ability to pro
mote an object which the whole Wing party
had long been cndeavouring in vain to eli.
feet, and my ungra,eful countrymen. in
stead of rewarding me for my pains, were
for furnishing me as felon. So Disguised
was with mankind that would, if | could
have fled to Arabia; but even this small
consolation was denied me. was shut ur
within the four walls Of prison, there &c
await my trial.
Such were my feelings al the time; bu
we little know Of the uses of atiliction.
| Feeling the want OF religious consola-
ton, | sent for that dear good old man,
Deacon Grab-aIl. | know not what it was
in'my letter that interested him in my favor;
but he came Immediately.
MY dear child, he said, Il grieve to see
you 10 such a condition.
Rather grieve, Deacon replied, sat
the depravity of the age in which we live.
You see one here who is prosecuted for
righteousness sake. NV whole object has
been TO increase the wealth Of the country
by adding to the amount Of the circulating
medium. and behold my reward
Your object was truly praiseworthy,
replied the good old man, but perhaps you
did not rest your issues on specie basis.
AS much of a specie basis rejoined,
as half the banks in the country can boas;
of. And even the best of them, as you
know, Deacon, for every dollar they issue
on such basis, issue two without any.
Where is the difference between their is
sues and mine! My notes performed all
the functions Of a circulating medium as
well as theirs.
AYE, aye, my child, but perhaps you
had not a charter for your doings. This
is country Of laws, and actions which are
Identical in principle, are innocent or Grim
inal, according to the way in which. and
the men by whom they are performed
| need not relate all the arguments The
Deacon had recourse to, to expose the