, 1874-01-21

and protested promise to pay, is b lie, as 1t
unQueetionably ie, Sona!or Wright's groon-
back would 10 "wLoppor." Els proposed
bit Of paper declares itself to DO either
the United States Of America OF to bo ono
dollar. Now. the United States of America
consist Of 81 statos and Territories, and
dollar consists Of 41211 grains Of silver,
piece Of stamped paper is not and cannot DO
made o dollar any more than 1t can be
made the United States Of America. It Ia possi-
ble-physically poBsiblo-for tho Government to
compel creditors to take 1t in lleu of q dollar
duo to them; but such exercise OF power will
not make it h dollar, Or anything clip but
tho evidence OF fraud, tyranny, and Injustice
Take away from the cxisting greentacks tho
promise OF the Government to redeem them In
real dollars, aud ono element Of their value do
parts from them. 1nacribe upon them the lie
which Senator Wright PROPOSES, mud they will
deprociato still farther. The proper inBcription
to put upon them is this: s'Tho United States
Of America undertakes to compel al creditors
w A0|oAF0 eA4o 1sAAP Va RAEoA III tlG 0iulfAlH1E
Of 41211S grains Of silver. How much silver or
other property shall bo given for it by any per-
Bon, not creditor, in tho ordinary course of
trado, the United States Of America docs not Ill.,
dertake to say" This would express the real
facts, md would entitlo the aorapof paper aforo-
said to q cortain degreo Of respect as declaring
the truth, whereas Senator Wright's proposed
legend would bo case OF 1tnmitigatod false pre-
lenses and attempted swindling.
. II the consequences wore not 30 iniurioua md
far-roaching, it would be an interesting and
valuable experiment to lot tho Wriglts, Nor
tons, and Logans have their way with tho cur
rency, aud sce where they would bring up, It in
well.known historical and scientific fact that
all additions to the volume Of an irrodoemablo
currency take the form OF increased prices Of
commodities, so that tho scarcity of money re-
mains the same aB beforo-moro Of it being ro
quired to transact tho same amount Of business,
Finding that the addition Of s100, 900 900 did not
mako money any plontier Gas it would not) they
would naturally conclude that there was not
enough, and proceed to issue another 500, ,00o,-
ooo* Logically, tlero is no reason why they
should ever stop abort Of that groenback paradise
In which everybody shall have all tho money ho
wants. whether It is worth anything or not. viii
hlr. Wright, or Mr. Morton, or Con. Logan, toll
lie whether there ia any place short Of zero at
which thoy think it would 10 desirable to stop
tue depreciation Of tho currency Or 10 thoy
fancy That tho successive incromonts would not |
cause depreciation? It ia possible that those hon.
orable gentlemen are making apoechoa In order
to persuade tho aImpletons who are demanding |
fresh issue OF aeproclatoa ahinplaaters tint |
thoy Wright, Morton. and Logau) aro au great
fools ~ anybody, and therefore entitled to tho |
votes OF that casH. It is charitable to placo this
upon their uttorancoH, for II thoy /
were asked to put their ideaa in the form of an
act OF Congroas. aud be solely and exclusively
responsible for its consequences, they would uot
dare to do 1t.