The Plymouth weekly Democrat. (Plymouth, Ind.) 1860-1869, 1867-11-21

meHt aad the provisions Il niakes Tor y0Er
welfars and that of al Is citizens. choose
better men. or 20 elsewhere for projections;
but do nut toll Us that when one-half Of
the community impose laws upon the other
half and make them binding, and that
other half obey those laws they are
swin1lers aud villiaue The language Is
neither decorous nor such as 2 gentleman
would use
Money Whit is money? IF II he
fixed. unaltcrabe thing of intrinsic and
known value, why does the Constitution
9ut il into the power OF a legislative trl-
hanal t. create il anl reassess it anew?
/, IS all fancy Money Is just what the
law makes it. aud you must take :he
chance that your government make 1t
wisely. aud when made you fix yoar eye
upon II ard make your contract according
ly. 7 abhor reputation or clipping the
cein; aud yet .his nation has twice, or /
;h;uh. three times by its legislation re
ducei the pr;ee ofsilvsr. aud made 1t pass
4 every Gre litor :, Wei as debtor at the
original price.
Who are these reasoners. who, with these
facts In view, talk 50 lcarnedly Of the laws
&c finance and the morality of human
dealings Whose cousciencrs are 50 raw.
and stick Gu; SO fr from their excited
covering that no pharm mlceutist cen heal
thoir inward wound f.; 10 p}ultice can cica-
tr,ze it sufficiently 70 AXE from It its last
iuy plague after the meleficror shall have
lain himself dogn in he hope Of seeking
rest in another world x
For early two years tie sreohbacks
were the most popular currency that was
ever used in The United States, and. had
there been NJ o,her. you'd not have failed
to buy every necessary cQmme1ity for
every use. public AMI private, without the
least complaint. Aud if it swel!ed the
currency If lie country il also swelie1 the
business OF every kind. foreign anl do
ncstic, agricultural and manufacturing.
- a|so il swelled the income Of business
men and thereby vastly increased the rev.
euue Il the government. No nsn was
ever known to refuse any article ne hal to
sell. during all that time, for one Of the
greenbacks or certificates OF ioan Of The
uati0u JD5er the easily excited im.gl-
nation Of the American public, ani seeing
a system of finance which no humsn folly
had ever before witnessed. hopes were ex-
citeR much more rampant than the lottery
dealers sn faro players; and, in the be
!ef that siugle turn q the card would
bring up She holder fortune. palaces were
opened for the purpose of inviting srecu-
laion aa3 dealing III th- new system 0t
gambling. Some became rich Willie others
went 10 beegary -dopbi u and doubling
their ventures {, indemnify themselves :
everything became excited and Inflated from
the c.'nmonest lahg'c = tbs most Ge ,ra-
his ce.ste thus he articles necessary .,
SUNNY h. VAR vessty increased -
price nh q the honest jew. of the @3ld
rooms, Shadrach. Ne.hscA, auI Ace .ac
20. came ott u.~in9ed.
The violation cf an undertaking n do
or aot 10 may be compensated in money.
Sometimes the amount i liqu'dated bv the
parties sad someilsies left to be Gyed X a
jury. Ia either event it il to te pad for
in the money Of the coantry---in this
country in dollars and cents. No one ever
supposed that the non .fu,ti.'ment Of con
tract j. 70 be pail for in Kind \ plain-
liG RECEIVERS verdict for 3l."9G lie non
payment of f.rn, execution :.eucs fcr
: 1000 in money; and the defendant can
tender the sheriff 81. 900 of the legal ten
der of the country and he IS obliged to
ts,e Il IN full paymentof the debt. How
inconsi-ten. il that wth the idea that the
creditor can select his medium Of pay
mcnt. y man sells his property for forty
horses, worth $i00 each, amounting in
cash to s ,000 # the purchaser does not
pay and Is sued for the debt, judgment is
even agsins. him for $1,000. not for l0rty
horses. How would you execute judi
ment given aud an execuiioa ssued foE
forty horses Indeed there is 40 brcs cscl
of contract, either sounding in damages oI
+ in contract, which can not be paid by ten
! derng the amount assessed in legal ten
der note. As to the equity and morality
of these Transactions, | have never dis.
cussed them.
\ colleague Of mine in Congress, al ex
celIent man and rich asked me whether
/ supposed the United States loan of 81
made before the passage of the act. would
I be paid in coin or currency. | told him Il
might be pad in either by the express
terms Of The law; but that ! did not know
how the Secretary of the Treasury wou.c
treat it, He told me the next day that \,
had consulted the Secretary, who said h'
would pay 1t in coin being then due. IL,
had invested $50 900 in legal tenders at
cost of $50 600, for which he received
100000 in greenbacks or its equivalent il
coin. \ constituent Of mine, within tw'
months after the Adjournment of the Con
gress that passed this law. informed ma
1 fhat he had guaranteed to 4 gentleman il
! philade piia, before the passage of th'
law. a judgment Of S2S,O00, expressl,
! payable in gold The creditor demanded
the money. II was thon worth about tw'
or three times its nominal value. II.
went to him and rendered the amount il
greenbacks He refused to accept and is
! sued execution, and the court set 1t aside
and compelled him to take the Lawful
money of the United States which ha,
been offered him Whether tho transac
ton was moral or immoral one, ever,
gentlemen must Judge for himself, an,
I, I