Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1843-07-25

we're ELECTED by them as well as tue
could have been by genuine notes, o
even by silver dollars. As they perform
ed all the uses of money, the orlgiona
issuers Of them rendered benefit TO so
ciety; while'they who proclaimed then
counterfeit, caused adistruction of value
exactly equal to the amount Of no:es
that were in consequence Withdrawn
from circulation ......
They acted moro Sensibly, continued
SnoOks 'in certain districts in New Jer
sey, where, as am credibIy informed
the whole circulating medium, some
years ago, was made up of counterfeit
notes. Every body knew they were cOun
terfeit; but as every body consented tC
receive them, they answered the same
purpose in trade that genuine notes did
in other pans of the country
'As money is something entirely con
UcntiOnGI,' rejoined /, st is evident that
if people will only consent te take them
counterfeit notes will serve the Same
purpose as genuine. And five can make
our counterfeit notes 90 mucbtlikS the
genuine that il will be difficult to distn.
guish the one from the other, can sec
no great harm in engaging in the busi-
ness. 1t is innocent, know; but how
will you prove it laudable?
'Well, now, Scroggins,' said he, you
Wing, and subscriber 10 the New
York Courier and Enquirer to ask such
a question! For what other object is our
party laboring than to increase the amount
of circulating medium? Do not all our
Wing orators aad Wing editors unite in
declaring that scarcity of money is the
cause of all the calamities the country is
suffering? Are they not equally unani.
nous in declaring that paper is, as ma.
terial for money, far preferable to gold
and silVer?
you need say no more,' replied. Il
see the force Of your argument Want
of circulating medium IS the great want
ofthe country. 1t is this that has caused
the fall in the prices of labor and of pro.
duce, of stocks and Of real estate. We
have plenty Of land, plenty of pork, and
plenty Of cotton, plenty of great men,
plenty of everything, in short, except
money. Let us 60 to work 10 supply
this defciency.'
CHAPTER Ill.
For the time TIE money manufactory
that was established by Snooks and my.
self was highly useful to the country
Our issues which were abundant, an"
swered as good a purpose as could have
been answered by silver dollars and ca.
giles. If we had only been 'let alone,'
we should have produced that rise Of
prices which is the devout object of all
Wing aspirations. Some malicious Los
CO Foco saw this, and to Illustrate our Pa>
triotic intentions, they had US again ar
rested.
| must confess that on this occasion
my spirits sunk within me. Here was
|, labOring to the best of my ability to
promote an object which the whole Wing
party had long been endeavOring in vain
to effect, and my ungrateful countrymen,
instead Of regarding me for roy pains,
we're for furnishing me as a felon. So
disgusted was I with mankind that |
would, if could, have fed to Arabia; but
even this small consolation was denied
me. l was shut up within the four walls
ofa prison, there 10 await my trial.
Snch were my feelings at the time; /;
but we little know the uses of aff1ic.
tion.
Feeling the want Of religious consoa-
tion, sent for that dear, good old man,
Deacon Grab. all. know not what it
was in my letter that Interested him in
my favor; but he came Immediately.
'My dear child,' he said, Il grievs to
see you in such condition.
Rather grieve, Deacon replied, 'at
The depravity Of the age in which we live.
You see one here who is prosecuted for
righteousness sake. Ny whole object
has been 10 increase tho wealth of the
country by adding to the amount Ofcircu.
lating medium, and behold my re-
ward
'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 l lejoin
ed, 'as half the banks in the country car
boast Of. And even the best of them al
you know, Deacon, for every dollar the!
issue two without any. Where is the diff
ference between their issue and mine
My notes performed all the functions o
a circulating medium as we'll as theirs
AYE, aye, mY child, but perhaps yov
had not chat + for your doings. Thi
is coutry Of laws, and actions which arr
identical in principle, are innocent o
criminal, according to The waV in which
and the men by whom they are perform
ed
| need not relate all the arguments tn
| nnaOnn had rarnuroa f0 in aYnOg0 the