Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1870-12-23
tCommunicated) J


years lately passed, much less. II hns failed a
half, as some think, rePres mt the cuiu. whether
the coin, or ample security tO redeem or meet ita
representation, lay in the Treasury Or not. So
men made and lost BY 1t, and coin changed hands
in the coarse Of trade, labor and speculation, ir-
respective oflabor, kad Of trade, or speculation.
Some think tho greeuback now, we'll nigh II not
fully, stands for the standard dollar; no doubt
II ought IN. Yet what was lately only fifty cents
Is now q dollar In the mlrkct, and 50 seems to .
one too much like corn aud potatoes TO be the
Standard OF even tho representative Of the coined
dvliW anv more than those commodities. Pa
PER gold, In Wall street mart. where even no gold
was, sold high and low, and in its operation slew
bear TO fat lion. II was not a matter Of ne
ccssity this thing was done, but for pleasure to
The wel-to do linn, and at tho same time to give
the jackals a chance. One ctn see n standard
dollar there. All il has done. does, or can
do Is 10 enrich one temp ,rarily at anOthers
exp'use, or loss, or ruin. Puper-Jotd then, is no
more than the greenback, the standard value, or
the coin one must talk by in reasons light Yet
some true cuined dollar must be the standard in
tho well regulated commercial world. And
Wall street mart pnper-goM is no part Of the fair
transaction Of lcgi innate trade, Oh labor, or spec
ulatiou among the honest ,,cople Of wholesome
aud thriving government, at least 1t so seems
to somo. L looks like wirt or sore on the
body pyiiic that needs to be clipt off and healed,
pes silence which a we'll regulated government
soon removes, for that II connects itself not To
the rue coined dollar values for that il is too
changeful uncertain. not to say unjust IN its o?e-
ration. But what is this standard one bas got
| TO talk by, this coin7 What in value changes
not, whilc commodities. articles and things
| change as they may be, for the time, scarce or
plentiful, which they always, in the honest mar
| ket, are sure to do. When greeubacks are plen-
| tilul and corn is scarce more grecnbacks buy SO
much corn only; when corn is plentiful and
| a,ka Urppnhacka
| same supply of that nutricious article. In reIa-
| ton TO each other corn and greenbacks seem thus
to change. but It is only in their relation, and not
| in any intrinsic value they may severally have.
| This coin or standard value has no such rela-
ton with commodities, articles and things in
market, for that is not thing, article or com
| modify in niarket, is not at oae time scarce and
| again plentiful in market 10 so change in rela-
tiun with other commodities, articles and things
in market. 1t may be said here properly that
this relation Of corn aud greenbacks Is not the
| same as that of greenbacks ani p"per-gota, and
differ with that Wall street affair, for that it re-
suits more frum natural causes, which are per-
hans unavoidable, combined with regulations foI
the greenback issue, while the Wall street mat
ter Is result of the plan Of the lion to catch q
bear to fatten on. 1t may be remarked, too
that corn as well as other commodities, article;
and things has som,times been made scarce and
dear, and 50 held artfully by the monopoly o.
the trade higher than its intrinsic value in stand
ard coin should b. sold at. la such casa the
consumer has to pay for his subsistence more Of
coin value than is right, mJre than he should
have to pay in a well-regulated government, and
| so loses thus much of what is his own coin val
ue to sustain this monopoly Of the trade that 81
takes il from him without consideration as the
thief takes his goods without his consent. Ht
| must live, must have the corn Mt any price
monopoly asks, and cannot help himself. In the
case Of thief he has the relief, II he catches
Al. -N,Ns. IA md pftVn m IN
give him, but against this monopoly he has NJ
redress. Perhaps monopoly is the puzzline
curse with which the government has to do. Mo
nopoly, using p,per-qotd in Wall street mar
proudly tnld the government, not long ago. YOU
greenback is oaly worth halt this gold paper dol
lar. Government said the greenbacS sniil pay
a coined d0lldr of debt here among us al nome
And SO it did, but the creditor felt that by som'
cause tha, worked the result he had been paid
fifty cents only on each coined dollar owed him
Il suited the debtor WE'LL while the creditor Il
suited not. The debtor at the same expense o
worth got through the Wall street gold papei
work two greenback dollars for one coin, will
which he paid debt of two coin dollars, anC
smoked his pipe complacently at how easy wal
had made things tor him. He likes it, goes t
Wall street m lrt with paper gold, sells for greer
back dollars, gets two for One, turns to the Gov
ernment, buvs gre ,nback gold interest bearing
b,nds say at dollar for dollar, and continues u
| smoke COtnDIaCe0tly over lued tiidt uc MuN
was bankrupt in true cuin standard value
through the result Of the work Of Wall stree
mart, the government issues, and what govern
ment said TO Wall street mart has paid this deb
dollar for dollar without toll or labor and mad
a solid fortune besides. II is fine, II has gOn
we'll. He praises the bridge that so carried hin
over the slough before him to mines Of wealth
and of course he loves his government, love
Wall street mart, AMI says long live one, lDnl
live the other also. And indeed why should h.
not, lots lines thus falling in tn Sc goodly places
. But did Wall street mart monopoly swallow
the government, or the government that monop
oly-does any one know? Oh that all too
place during the war; but, not all that dad tax
pace during the war. Some think that monop
oily done the &, verning and more and NOR
since and still continues TO do it yet the gov
ernment remains more efficient than bear or
lion, either outside or inside Of the mOcnp 'iy
and may yet devise tn raise the very dead tO Gu
her loose from those bowels that do encumbe
her. Will she create monopoly To counteraC
monopoly, all which Wall street mart, as a b
one, the little fishes swallows everm)re, or riI
the monster, as did Jonah the whale, that h
might b. untrammeled to place his true co1f udl
us where it ought to he No doubt the tru
coined value rests in the center Of equilibrium
and tn, well regulated government preserve
the equilibrium throughout the cOmmercia
world. How then indeed, as the trade OF com
, modify, could a monopoly swallow the govern
ment? Ooe thinks ii Is that the nation believe
that money Is power. Another thinks all powe
is in the people, the government in the hands q
the people, and not so much puzzled by Wall 81
. mart, or swallowed by monopoly. No douh
money Is useful and good in its place, but not 5
much II be believed in Is power. Ne surpris
its government is swallowed when nation get
. TO believe money is pnwer. One cannot full
think his nation believes snclI absurdity In sue
an age of light and freedom OF the press, or tha
| "a 4 q
pushed aside by any monopoly she has suffere
, t0 exist from her standard coin. Yet anothe
insists, one mistakes it all in fact does not Sc
: it, the freedom of the press Is bound in chain
of party ties and ribbons of paper gold, to spea
only what party dictates and paper-gAd sua
eests; this Print, nothing more at great peril, an
Wall street mart has swallowed all. Party ha
succumbed to Wall street mart, dealers in Wa
street mart believes money is power, aud usefu
to retain and manage power with, and does a
Wall str, OF mart requires. In short, who G
what influence that amounts TO anything, eitht
! in the government or among the peopl
that Wall street mart has not swallowed. Sti
taking for granted all this is fact, what does
amount To? This all absorbing monopoly rest
upon and has for its perpetuity money is pow
err, t9hich is not, and round what IL has so swa
= lIwed is but fog cloud, which the gentle breel
of c immon sense blows away, while all that
sulId and permanent remains, and the govern
J ment permanent Un its true founded base, n'
done up in papergOld as some may have SUI
. posed, but the true coined dollar with il, and
true, thrifty commercial world, engaged in tn
wholesome transactions Of legitimate trade.
fact no one has been injured. Government ha
not been managed but managed It all, al
throughout, its working has been admirabl
AMI as men get to see 1t they cease to complain
! The creditor finds he got full as much on ba
debt as he could have otherwise got, and the ma
il wold have b1nkruot is not only well to d
but an active and influential citizen. And ii
m IN who was crowded tn piacL his living By Il
I monopoly Of the corn trade has undoubtedly Il
common consolation Of the poor.
REvRESBO.
Members of Cnnrreas haXa begun 10 hpura {