The Placer herald., 1866-12-01
Paper Money.
A late New York correspondence Of the


1t is due to the Republican, Abolition
Radicals, that they have made paper money
more plentiful in the United States than
any other political party ever before made
money in any part Of the civilized world in
any age, ancient or modern If Alexander
the Great, Ghengis Kahn, Napoleon Bona,
parte, or julius Cesar had but known the
artificial means of making money, simply
by printing and publishing strips Of paper,
properly colored and stamped, and called the
same money, rs Chase created greenbacks,
Strange this country never before discover
ed that it had Chase to make everybody
rich by an ilimtabls expansion of paper
money issues, not based on any specie
foundation whatever.
But since all the National currency ia
printed, signatures and all; what il it should
turn out that two, three or four hundred
millions OF the currency is counterfeit?
Since no greenback bill has the sign manual
of the President or Cashier, but only fac
similes of their signatures. Il bonus or extra
temptation, is held out to artists all over The
world to reproduce these paper money
promises to pay. That is TO say, any expert
who could reproduce one, two, five, ten
or twenty dollar counterfeit greenback, that
would defy detection, could make from one
10 one hundred millions of dollars. So
much for paper money.
These speculations are made by me in
view of this startling fact that merchandise,
in this paper money country East, is far
higher when gold is only l46 than when
gold was at 22O. Now why is this, except
that paper money has 10 some way become
unaccountably iuhated9 1t is familiar TO
all that the Continental money was so
counterteted that it was impossible to sepa
rate the genuine from the counterfeit.
What if the same fatality should overtake
the greenbacksl Of course l am putting a
hypothetical case. and in opposition to my
qnery it is said that greenbacks are SO art.
fully constructed and issued as to prevent
all successful attempts at stimulation.
Yet le: me ask how comes it to pass that
the President almost monthly pardons noto-
rious Government counterfei,ersl Outsiders
complain Of this. But Insiders declare that
the country is 80 infested with counterfeiters
| OF Government currency ss to render j.
necessary to release rouges inside Of the
State Prisons, in order to aid detectives to
arrest rougues outside, and stop this whole
sale counlerfeiting business. There is no
doubt that counterfeiting Of the National
currency keeps Government detectives on
the lookout most of the time. mention
these facts of frequent pardon bv the Presi.
dent whom the Radicals abuse for turning
criminals loose, to show you it is State
necessity, growing out of Chase's greenback
currency. Nothing more nothing less.
VINO Is THE NEGRos FRlEND!-A few
days since citizen of Richmond having
occasion 10 visit Surrey county, met with an
old slave in very destitute condition and
almost naked. The negro told him that be
had been working for an agent Of the Freed.
dmen's Bureau at four dollars per month
and his food. He had only received three
dollars per month, and no rstions. His
former master went with him to the man,
and asked him if be was an agent of the
Bureau. Tho fellow very insolen.ly replied;
Is that any of your busness9" The gentle.
man replied; 1T is, sir. This man was once
my slave. | have always treat ed him we'll,
and | don't intend that he sh all be imposed
upon now" He then produced the negro's
labor contract, drawn up in legal form; and
made The man pay the negro what was due
him-about seventy dollars. When be
returned to Richnend he made complaint
of the affair TO the authorities. and the agent
has since been discharged Richmond Dis
patch.