The Idaho world. [volume] (Idaho City, Idaho Territory) 1864-1918, 1869-03-18

: expense.
When Themistocles asked me for ten
cents to buy top which | used to buy,
when l was boy, for three cents, | IN
quire if there isn't something wrong IN
our present system of finance!
Something must be done.
Because if we keep going on as we
are there won't be any change.
When | was in Washington | had
frequent conversations with Secretary
i McCulloch and he told NE that the only
reason why he didn't pay off the Ma
tional debt was because he hadn't mo-
ney enough.
That's the whole difficulty
We want more money.
People who talk of contracting the
currency don't understand the question
at all.
Talking about our having too much
grccnbacks is absurd.
never could get enough of them.
And don't know anybody else who
could.
have never met with any who OBJ
jcctcd to greenbacks, or who wouldn't
take all he could get of them.
When You have Il currency which is
so universally cstccmcd-what more do
YOU want?
Except more of it.
Butler called on me when ! was in
Washington, and explained his bill,
which he has since offered, and the
speech he has made
We agreed on the main points.
He objects to a specie currency as a
great waste of precious metals.
Especially silver.
Which might be made into spoons,
and the coming infant, whatever the
condition of It's parents. be born with
a silver spoon in its mouth.
Because the dcspotic rulers Of the
cflctc nations of the Old World have
stamped their image upon metal and
called it money, and compelled thcr
grovclling subjects To receive ii as
such, is the American Eagle to he chain
cd down to such base precedent and
have It's flight encountered by the
weight of So much droSs, when with a
paper currency, light as the airy bulb
bile blown of soapsuds by experimental
youth, it could soar higher than a kite.
y. B.-This is part of Congress-
ional speech wrote out to sell to some
member who wanted to say something
effective on the Finance question: |
offered it to Robinson but he wouldn't |
have it because it didn't mention Ire |
land.
We want, as Butler says, an elastic
currency.
So that you can stretch every dollar
and make it go as far as two
With this view suggest to Congress
to print the issue of grcenbacks propos-
ed by Butler, on India rubber instead
of paper
An idea that has the merit of origin
atty, and as the material is impcrvious
to dampncss, anybody who held any
currency might water his stock with as
much impunity as Erie.
Our present currencyis based on the
National Indebtedness, and this shows
the folly of trying to pay off the Ma
tional debt.
If the debt was paid off, and all the
bonds redeemed what security should
we have for the redemption of the Ma
tional Bank bills?
But don't believe in National Banks {
You remember ] wrote you some time
ago, how the Wallabout National Bank
went back on me, when honored them
by drawing check on their institution .
to oblige friend who said he would
like to have my check for q certain ,
AS had owed him exactly
that sum for some time | didn't like to .
refuse him, So drew the check. j
They wouldn't pay it. f
If A. T. Stewart draws check these I,
banks will pay it at once.
But they wouldn't honor a check of ?
nine. S
They are aristocratic institutions.
They won't help poor man. t,
Still they may be useful if you have h
nnra Ynnnnxx %ho- Iit