The weekly union record., 1864-07-23
Moral vs.. Material.

q tHc present monetary cfl-is- ms IiF'pH>i
ton We shall prove as j. of,en done IN equally
| momentous instances, by taking it for granted
or by asserting it, WHICH comes to Tie same
thing.
Wei, it being demonstrated that money Is
money, We come 70 The ec.ud proposition
which involves au analytical di,iulegralion Of
the foregoing; and accordingly we resolve it
from or iramemorial experiences into The in
sirument of purchase 10 wh-tever shape. sign
or substance we may possess !; for the time
being. This power is Of two kinds VIZ:
material and moral, or, as The latter might be
expressed. moral pins material. With the
material we have nothing to do at present, So
banding it over to TIE bulliouis's as settled
question we shall treat entirely Of the moral
which $50 exceedingly unsettled. \ Grceuback
is moral money, VIZ: the promise to pay p'as
the means Of payug-mora money Of a defiure
value. 4 regular attendance at church in
prominent seat, with Il large Gilt bible and
prayer book. Is moral money OF Indefinite value
A good stock OF assurance, or. as II is phiioso
phicay expressed. brass, IS capital enough to
bega the woIld with. aud is one of the most
ordinary metallic bases on which men commence
the supersiruc,ure Of the credit system. y
superfne coat with general ncatnes, Of attire,
is a subsidiary power Of purchase, VIZ: part and
parcel Of tie small change Of that golden
integer, the man tefime. \ respectable fe.
quency in subscription lists for benevolent
institutions viii stand good fora years dealings
with butchers, bakers, grocers, taiofs, and the
whole circle Of local Industry. A fine house.
handsome oquipage, are all so many powers OF
purchase \ solemn look will always fad al
old lady TO endorse it. A porily figure grey
whi,kers and Gnd nose command universal
credit y smooth tongue, a taste for PRAYER
meetings, commercial euerprse character
for success. a smooth tongue. worth aud coun.
terieit woTlh. are al so many purchase powers,
so much moral money pigs matcFial-so many
constituent parts, so much small change Of that
golden inieser the man sterling, Plus the
dollars and cents for which he promises 10 stand
VI Nt'htcN tiiH - t4il ~ iIt'1 - luE con
variability cf the promise 10 pay IS not called
in question; with The stoppage Of payments
the whole becomes moral minus material OF
plus immaterial which con,s to the same Thing,
ard is 10 be balanced against bad dollars ard
counterfeit coin generally
A five dollar Greeuback i> FIVE moral dollars
A counterfeit fve dollar Greenbacl is FIVE
immoral dollars-seentfcaily speaking. and
taking into consideration the jpder ad qucm
and the compound interest which they bear in
tie State Pemlicniia.y. Y. which merely form the
coupons pad by the ration on the more une
qniv"ca Investments of ruscaldom trac ba X
to the purcaa.c rower which originally created
them. The operations Of Tie counterfeit branch
OF This power are somewhat exceptional; and
although th'y create ami uphold purchase
powers of another stamp, y z: judges LAWYERS
and the whole arms Ices aud Instruments of the
law. from The chief Justices ermiue to the
sheriff 5 rope; heir Rect is, upon the whole
the same contraction Of the moral purchase
money Of the country, as The restrictive action
Of the Treasury Act exercises On the legal
currency when the god gets low.
Money, money, monty-every'hia is money
And if everything be money good, bad or
indihtrent money, clipped coin or counterfeit
coin even down to headaches en- which the
saloon-keerer The physician, The apohcclry
oil draw their respective percentage of profit,
why all This patching of our present monetary
system? II the only question be the convert.
ibitv-viz: the moral Plus he ms;,rial-vly
such fuss about that fragment Of the great
universal promise to pay-the Gsee2back?
Why make ii beck ard bow. ana come and 90,
aud rise and fall, as the mere shadow Of its
golden constituent? Why make 4 mere nor.
etary coqnotle q It. ip IL cause lis NEST ardent
woocrs, alike tie honest and dishonest. to die
Of in pecuniary pblhsis monetary consumption
and all kinds Of disorders Of tbs chest
All purchasing powers are 50 much money.
50 many prem s2s . nay. 50 rany notes on the
great Cyei, lcblhe ofnubic honest Y, ana al
the ihree or f'ur hndscl millions Of currency
are but fragment iu comparison. The great
question, therefore, Is less .he coaysr,ibidfy Of
the paper money .han The conyer,ibilily Of the
paper meo TO Distinguish tle real ir, m the
counterfeit. Tie horo-i from the dl>boa,s'. tbe
eu'erpris.ns man from tie gambler; 10 fada
better standard Than gold ,o7 moral money, and
A better bass han :. .d iar tae coavsrib5liy
Of The man stegiur.