, 1875-09-16

also Tho query, Why should tbs rich inan'a dollar "
| worth moro than that Of the poor nan!r
Tho Cincinnati Enquirer can do M bette,
service than to show TINT tho Democratic
| party in Ohio, not content will, degrading
! tho peoples dollar to sG cents, are now labor
ing to still further reduce its value, Thu
United States G per cent bonds, with green
backs worth SG III guild, sell for TO in cur.
rency, which makes the market value Of tho
bonds i'll gold Mt l03 L. This Includes two
months accrued interest, Tho United States /
per cents sell Mt HI in paper, worth Sc cents
which gives tho bonds value OF lOl in gold,
including accrued interest,". Tho difference il1
the vnluo Of tho bonds and of the gccnbacks
is, in the ono case, about 1G cents mud in the
other Is cents On the tlollar, and not 354
as tho Enquirer falsely nffirms.
The opposing policies arc divided upon Tho
question whether the "people;a money
the grcenbacks-sll 10 advanced in yaluo
from SO cents to 100 cents, or whether they
shall be reduced in value from sc to so, Is, or
10 cents on tho dollar. Tho peoples money
is the money in which tic wages Of labor arc
paid, mud in which tho prosecutions Of every
form of industrial productions are paid for,
and in which their savings are invested.
Tho daily wages Of lnbor nre paia in money
worth 81 cents on the dollar, and the En-
gufrer anu its imitation followers insist that
tho currency is worth too much, TINT its in
creased vnlue has mado 1t scarce, and that tho
amount OF it shall bc so increased that tho
money in which labor is paid for shall he run
down MS low as it can be got, say 80 cents
on the dollar.
THE CHICAGO TRmuaE, on tho contrary, in
slsta that tho peoples money--tho money
which is used to pay for labor and buy corn
and whoat-shall bo raised up in yalno ,l,l-
til it equals 100 cents on tho dollar, aud that
tho people and tho bondholders shall layo
money Of equal value.
Another and very startling difference be-
tween the policy Of tie Enquirer and that Of
The TRIBUNE is in tho settlement with these
bondholders. Tho people hare to my taxes
10 pay these bonds. It now takes 31oO of
the paper money Of tho people to buy 500
bond. If tho value Of tho peoples money be
rniaed from SG to 100 cents on tho dollar,
then it will only take 800 Of tho peoples
money to pay tho bond Then the peoples
money will bo rs good as the bondholders,
Then 800 Of ta1 will pay 800 Of interest
bcaring tlobt; now it takes tax Of $1ao of
the peop'e'n money to do 1t, and il tho En-
QuJtr and its friends have their own way it
will require ta1 OF $3.50, $3.50, or 5000 to
take mp Sto0 Of tho pnblic debt.
The Enquirer, not content with tho t5 to
g n 5z, Ill. IL.
holders money d" and the "people's money!"
insists upon making that difference greater,-
increasing it from 1G to 40 or 20 oonts, while
TIE TR1nuaE insists that tho greenbacks bo
made oqnnl TO the bonds in value, SO that
ovory dollar of surplus revenue from, taxation
can DO usod to reduce another dollar Of the
debt. TIE TRIBUNE objects
to the present depreciation of the peoples
money as n robbery mud IN outrage On labor,
industry, and thrift, and opposes any further
reduction Of its value. TIE TRIBUNE ia
aware that tho workmeu and workwomen Of
tho country, the orphans and widows of tho
United States, haVo on deposit to their credit
in the savings banks Aonsand millions Of
dollars. payable in paper money. It is tho
accumulation Of labor, the savings Of years
OF toll, tho sacred provision nnde, at i1n-
mense sacrifices, for the future. The Tnn-
uNE inssts that this money, which is now do
graded to &C. cents on the dollar,-
b loss to tho depositora in tho
savings banks Of ono hundred and forty
,-shall bo raised in value to 100 cents
N tho dollar, SO TINT its owners, when they
want to use it, may demand dollars that will
nnrchase an actual dollars worth Of other
property. How is it with the Enquirer and
ho othc1 inaationists? They insist that this
thousand millions Of dollars belonging to the
working Glasses ia already worth too much,
They insist that tho peoples money Is too
'igh at s6 cents on tho dollar; that it ia scarce
md 80 valuable that the owners will not take
eas thon HG cents In coin valuo on the dollar
or it. They insist that theso savings Of the
'eople shall be cheapened; that paper money
hall be Issued in auch quantities that ono.
ourth, oue-tlirtl, Or one-half these acoumu-
ationB Of tho thrift, labor, aud sacrifices Of
heso people shall be swept away and That
nstead OF dollars they shall receive, when
hey want it, scrip that Ia sold ut the street
orneEs and at public auction for whatever
he purchaser will give for 1t.
II the boudholdeta' money DO worth 1o1
enta In gold. whle tho peopls'a money is
worth but 8G cents, the difference is due to |
ho efforts Of those who so persisteptly op-
'oae the elevation OF thu value Of the latter.
he action OF the Pennsylvania Democratic |
tho other day reduced the value |
t the peoples money cents On tie
ollar. The Ohio Democrats arc low
.boring to reduce 1t still moro, Ue~
orc the Pennsylvania Convention the
'ages of labor was paid In money worth IS
oats on tho dollar. Wages arc now paid in
aoney worth u cents on the dollar, and,
hould tho inaationists succeed In Ohio ne1t
aonth. 1t iH possible that tho greonbacls will
gu. to SO cents on the dollar. 1t is thus that
10 ptofessed friends Of tho peoples money
10 laboring TO increase the difference he
ween the bondholdera' money and TINT Of
10 people, by the persistent depreciation Of