, 1874-11-10

while, ron could hare bad p % th %iliin|ge n|
1louao Of Commons dcotco that q godon
al: Il shnSsod tas sps o
tho satno arrangement III A1ncrics. (Applanho.]
Now ron aco from that fact that moro notes
woro nut out than tho public wantcd. Thot
ovcry man did oxAot!y a. no: would II 70 had
lie offers tlom for ioHa. Whom tho old woman
brings to tho market moro cabbagoa than tliorD
arc calbsgo-ea.crD. tllon sho nllat tako cont of
tho cabbago toget rid OF thom. Aud pseotanlY
linn there Ia work for. 1t to do, every.
body hns' got mors Of theso bits Of
paper than ho wants! and thu rule.
II hs psrsaaslca' hla noghborn 10 tako 'thc'n OF
Ing tho difference between them aud metal.
'voic0-Grconbhok cabbRges.
Mr. prico-I thtnk you doscrTc a'leugh. do
declare. Now they 60 10 discount You know
what tho phrase ID,
GOLD Ia At A PREMIUM,
but TINT is not tho realt Of the oaao that is
mere nliadoacrlptlon.
Now, hRYlng got to
THE DrauouHTt
yon know whht q word thoro IL that eold'ia nt =
premium but that ia not tho real truth Of tho
caso.~. Tint IL miadosoripsion. rooplo talk az
il gold Mas at a. premium In America It is'ho
such thing. Gold Inns tho game value In Amor
t . ns ost so'rs'rn so .se mss1s ss so L 1.ss ss
Of gold IL determined by tho minor,
and by nobody o1so. Ho Ia tho Fo1o detorminor
Of tho ,yalua Of gold California 1niner,. tho
australian miner, tho Russian miner. aud Tue
OF gold. and nobody elHe. IT ID what thoy. ra-
ceivot to induce them to 90 down into the mtneH
aud get that stun out for you.
IT Is THE dREENnAoE THAT PAIIB,
ana tho proper language would bo that paper il
Nov, have shown ron TINT paper is at y dis
count. 1 belieyo there IL MI opinion prevalent
In the WeBt that. II tho banks Of tho nation is
snad more ore there would % greater
would be moro money In tue pockets Of people
10 buy, and that, consequently, traco would 30
n a mucl, more PROSPEROUS condition. That
is an absolute fa'laoy, as have OK
planned. from beginning 10 end. II there
aro moro notes out down goes their valuo. II
tho Treasury in America chooses To issue two
or throo hundred millions mora OF notob. or 1t
tho Austrian, Or tho 1tallnn, or tho Eng1Bh Cor,
beyond the yalue IT falls. There would not bc,
in tho whole Of the collective currency. bit
moro value, but thcre would be moro pieces
Of paper. Every pioco Of, pepor would
ef liz Old paper, with M tho now ssuos, would ss BE-
just ss before. [Applauso.
Now, that being so, tho farmer would not find
that tho nowor note purchased bit moro value;
but thore is'a great miaconception in the farn,-
era mind II lo thinks that moro paper, Under
any circumstances, is worth any moro oxccpt tho
public pays for it aud keeps 1t. A moro
inconvertiblo paper means no moro wcalth;
because paper las to bo paid for by the people
who bring It to him to sell tor his goods. and il
tho people do not want that paper, thoy will not
buy it; and it they do buy 1t they buy It for
less. Consequently, there 10 not an additional
cent going to tho farmer. Tho only possibility
Of getting out Of any paper currency tho means
to lend is whoro tho public will buy aud
giVo Its property, for bits Of paper
are not wealth and ovory mau who has these
bits OF paper has got to buy thon, and the farm
er'a wheat, and the farmor'a shoep, and tho
farmers bullocks are not bought with money,
but aro bought with tho property with which tle
money was obtained. EApplauao.1