, 1875-09-01

Same footing with tho promiRsory note Of A
y, tho drift Of d, or tho bill Of exchange
by + +; It's commercial va1,o i. graded &C.
cording to tho probabilities Of It's being pad.
Tho second resolution, however, Rssorta
TINT II In 1.-THE dnty Of tho Gosesnment to
provide currency for tho people," ]je iH
not only 1niReonccption OF tho tntiea OF q
Government, but il q statement Of fact un-
warranted in tho htstory Of this Of any other
Goycrnmont- Tho caso OF tho grocnhacka
will furnish tho best rufntation Of the prop
osition so dog'natically expressed by the Do
troit Wildcat Convention.
The Government in tho prosecution Of tho
War against ths Rebellion fo,1nl itself With
! out p,onoy and without the credit TO borrow
1t. Tho Government, therefore, having etn-
ploycd million Of men to serve III tho arlny;
1t had obtained tho clothing, tho ahoeH, tho
| musketa and rifles, tho horses, the wagons,
and all tho matorials Of war; haring r,lr-
chased the food, the beet aud bread for the
| mon, and the grain for tho horses 1t Ind
| built ships and flled tliom with guns and
mon, md prov;sioned them for the War. It
had taken this property from tho people,
| the property they had produced and acquired
by their industry antl thrift. It had takon
tho labor OF million Of men, and not
having dollar to pny for either
the labor or property it had taken,
it iss,cd these. ..evidonccs Of debts md prom-
ives to pay. 1t was not the Government
that furnished the value; 1t WAS tho pcople
who had given four hundred millions Of
dollars Of their prorerty and labor to tho
Government. They furnished the only vnito
TINT changed hands. Tho Government took
their labor md property. and, instead Of pay
ing them therefor in my money having
value known to civilized nations, 1t gnva
them, III evidences Of debt, IN improved
| kind of lunrtermaster's receipts, with n
promise to redeem t',on In money, ]. O., gold
coin, when, as Juatico BRADLEY, Of thu Srl.
premo Court, says, "the extraordinary
emergency under which they wore iHsued WINS
passed."
We do not suppose TINT the Convention
seriously meant that tho Government should
print notes md gire item a,aay to Whoever
applied for them, mud yot that is the only
view in which tho Government could be sniG
to s'provilo currency" Tho Government
does not, md never has, provided II gold mt
silver currency. Tho gold and silver havs
boon furniahed by tho citizen, tho Govern
ment merely coming it in certain elzod pieces
aud stamping thereon certain terms certify
, i5ss that each piece contained a certain
weight e9 gold of certain flnenesH It can
not bo said that the mere coinage Of man
gold and silver into dollars and oaglcs is fur
, nisll1ng the country with currency No
, can tho taklng Of mans property, or III
, time and labor, and giving him cortiticat
that the Government owes him therefor an
will pay him thereafter, bo called prov'dn
tho country with currency. Tho power t
,, coin metals into nonoy WINS given etclnsivo'
,, to tho General Government, so as to hnvo b1'
one and uniform system OF coins, aud no
that it was duty incumbent upon tho Gov
ornrnent to provide tho people with a ou1
rcnoy. The people furnish their own eu'
T. rcncy. They give thor labor and tho prot
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