, 1875-09-14

10Cb u ever occur u Eue pcoPtc WHO lnslst
upon MI increased Issue OF greonbncks, in
order that there Rhnll be s'u3oro money!
that money in nuy form, paper or coin, can
only bo obtained in exchange for labor or
eomo Of tho products of labor Erory dol
lar of gold or 6ilvor coats dollar to pro-
luco and procure it, and no man can honestly
get coin dollar save by exchanging MI
equivalent value therefor Or by gift. It is
tho Ha,no with paper money. The Govern
n,ent may print it in unlimited quantities /;
bit it can only DO honestly obtained from tho
Government by an exchange Of something
Of equal value. Thero il no moro chance of
getting money ont Of the Treasury honestly,
without giving M equivalent therefor, than
there ia OF getting it out Of any bank or out
Of any other PERSONS possession.
It il imnateriM how much money there
,nay 10 in tho country, tho only way to OBJ
tain it is by giving something in exchange
for it. Tho owner or holder OF money may
give it away, but unless it bo proposed that
tue United States shall distribute it PR capita
gratuisously among tho people, in which case,
estimating tho total population st 49, O00, 900,
it would require IN issue of over thousand
millions OF dollars to givo oach person 324
But that III not yet proposed by any one.
There rcmaina, therefore, but the ono way in
which this money can bo got, and that is by
giving labor or some other valuable equiva-
1ent therefor. For every dollar Of the atldi-
tional issue Of currency there must be a
dollar in value given. How, thon, will the
increaso OF the issue Of greenbacks mako
money moro plenty in the hands OF the
people? Greenbacka Gun now bo Ind by CIV
ing an equivalent therefor. The man who
has anything to soil which anybody else
wants can get groenbscks in exchange, and
Lo can do no moro In case tho Government
should doublo tho issue. There are $s75o, ,o00,
QUO Of currency now in tho hands Of tho
people, which has cost tho people an
average OF IS cents on tho dollar
in coin to got. They have given
of their labor and their production to that
value in exchange for the currency. They
have exchanged their property for the green
backs. To got any more of it, they must
give other property in like manner. This
currency which they have thus got in c1-
change for tbcir property is in their hands |;
it is on deposit subject to demand in the
savings banks and other banks. An incTeas-
cd issue Of greenbacks, If it lave the effect
of depreciatiDg tho value OF the currency,
will Of course also reduce the value Of the
currency now outstanding, for which tho
people have already given ita full value.
Every cont OF depreciation in the value OF
tho present currency Is an aggregate loss OF
several millions of dollars on the money now
in the hands Of the people. To get the now
currency We must give dollar for doltar In
property, and as we got it it declines in valuc,
sweeping away million after million of dollars
Of tho hard-earned aocumulationa OF tho past
Us well rs Of the earninga Of the present. AZ
We giyo Of our substance for tho now cur.
rency, its value will be recoding every DAY.
Let auy min who wants "mors money
Or expects moro money as result Of an
Increased issue Of legal.tonders, aak himself
how he IL going to get it. Can hs obtain it
without giving an equivalent for ita Will
NJ not have to ray for 1t just as he docs now
oan he get it without paying for 1t in labor
or property, unless, as wo have said. tho
Government makea FREQ distribution Of It Z?
! The particulars reported from Washington
relative to tho Chinese postal system must
have astonished oil who red them. porhanu
| oohrt}p avar thou1Lk - - a., :.