The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1873-07-26
THE CHEAP GOLD THEORY.

on. what Az ocean must be vuv tgo,l Ger
A. gam prospect Of the shining shore
he,iSting ruck, opp Sc the iDq airing soul
ANA adv vr~e "a IVES re ard u a. th-t r,l
But Truth lies bid. aud cas- explore
me Shttef1ng gem, our hseting lie Is yer
The daily and commercial papers AZ,
amusing themselves Ia fooling rhe publ,
N discussing what they are pleased to tern
The eheIP geld theory" which, in plair
English, means stealing made easy ant
genteel, through National laSs. which cover
the steal and prevents the possibility Of tn,
peoples detecting and catching the thief
The mode Of muddling this question
may be gathered from the following *
tract, taken from the Chicago Tr,b',ae q
the Sth inst
THE "CHEAF COLD THEORY
The financial crochet recently announced
by Prof A. l. Perry, aud subsequently, by
Mr.. Amasa Walker, that the value Of green
back Is really deprecated more than Is shown
by the premium gold. seems to hsNe taken
hold II the faucies u a good many amateur
fiuanciers and financial writers. In recent
number Of the New York tmancier CORE
spondeut argues in behalf Of tins notion with
much pllusibility, that the excessive volume
m paper money in this country checks the ex
port of all commodities except specie The
basis II this argument is taken from All essay
on NOR y " Joseph Harris. Master Of the
Rri+,.I [Ir+ .b.gt ppbl,. AL IN l-5--uiue
teen years before Adam smith published has
,a,..,,'...5 ..r,s N n smiths propos,tion..
a. follows.
A., VI. asi.l uetha j nsreasins the ga4nrit, a
.s Sy ~ e',u'' Oy"nl Us nasu,S OI. ~
values e al tniass ar measured t money. It + sun
proprtiou " tn mole quantity csh in cireuAtiou
ths mat,, N h. N ,re.a a ines things manaf.c.
sl.ei At h'nie ~ .a''-s ''o deAf II ''re'en mn
A.-pr,,,,.. rb,. ". u. ,.,t-....t ana pr,c.ed
ny to apply it u the prices oi cxPOrtable
,iii'i,'''.'''s IN Cue "'''' NlA'1S' inc ,oils
...,..- ..,,n,-,.. w,
th'' eonim dl''e- , 1i,, 'na6l' ie'erm ned B, 'hg
oaa Standard W .n VI. rec a, 10 prevent " check
i a rh,. hrne, tbs h,r ,onn Sli'tl Wrrr
~, +. leT' "'1'' '' "' s'li 'r SILVER -npred r'n'
tireI, overlooked M tn, line ~ argument.
r-.r r. .,.-.,,. ., an, of o,r domestic
pr'il'. IA -lm' LIS rN.-, .,r Nlai ~. De '''eu a.
r', i- compare ely a.rta.s>s and rs value 4 he
.olu y, ar..r,..tg- n ,-.,riau IL the unsupported
'- - WV % " ,- -.Ti'' " w, l5s r,,.g
v ,he ,ur must ais degre-s the m,rAe' value Of
re,er-e X MAJ I..--uh Ham trd Hs-,rs wsser ana
about ODD, 81, ,. No srers gig.a NJ export, Il PR
NJ ,.,, '''' '.--'
Semi W [ M r a s m s. 1ira'A' 4, u, q
s.socv5o' 4" t-.-t .."g. ,S''. rsp'e~grls ne
aey * tH.- +, -b,~" o n ,'s-. that TIE aggregate
h- -re-srg ,iue ii rra money 'r rirrulatiu. .ai T.
NJ . !. IN p. Ia.a1'e II I,ryi. .r,ie sn. &
" ~ n nr's. H s.l '1ee, N, K ,e' 4 L lha
- ea ll1ugy f'r me paper money "a represent Ihy
4 II III stalking wv tafr eouotgr- .rsguhack, ANA Na
.oin div ,ns v.ina e u6 " \, .ssi.i.tsi n ivy AZ
est, t,r Chem ANA m'.s III me real "'ag, u
-peeie ~ nu- e.au.7 4, COMPARED win another dres
l.t-e Nj 1r.n-.....lI. NJ, arfsr ar du.re-. MI.
.'''' s+..ii .r,. ',-,.7.. s aua
n"''s .''.I A.l " s'i'e '''l' l-'-...'
The vast difference between the learned
1sses ami the I15V", turuoly reminds one
of the great wisdom which lies deeply con
sealed 10 that old fashioned couplet.
4" 4 straase -ach difference there should he
wi ....,..l 49,. 49,, y
I-.;.,;.... \. ~. ,,.,,h,l, ia,
,n5...,.j =, -. ,r.m,u,o On oold and ,ba
r.. -, sa,,.l,, .onoI,5a. ,h.t H..
.l..L - %.,io,al .nrr.,.v - not
w.. ,;a.b. T-;b.,o. ,noLa Tho,
ua.5.,..tn1 4,.oovsr, VIII e "a haze
49,. ~ no+ ,.ka .ona. M
: .o,ae nv M, trv tho axnar,-