The Eaton Democrat. (Eaton, Ohio) 1875-1903, 1875-11-25
THE DIFFERENCE.

We often see the word 'bulllOn-
list" applied to tho advocates of q
gold currency. This is not correct
when applied to those persons who
are special champions of bank rags.
The term "hard money" men does
not express their intent and purpose.
We have no hard-money men in this
country, in the sense of advocates of
an exclusive gold currency. 1t is
impossible to have gold money to
the extent of even one-ffth of the
volume of currency actually demand
ed by the business of the country.
All intelligent people are aware of
that fact. The real issue is between
United States legal-tender paper mo-
ney and bank rags. The greenback
demand the former; the so-called
''hard-money" men and "bullionists'
demand the latter. The amount of
money we shall have is not a ques-
ton directly in issue. Both parties
pretend that they just simply want
enough for the actual needs of the
people and no more. But the green
back men insist that the people
themselves shall say how much they
uced-that the supply shall equal
the demand, and the volume shall be
regulated through the interchangea-
bility of government bonds and
greenbaeks; while the so-called bull
lionists and hard money men insist
that bankers and capitalists shall de-
termine the volume. They insist
that the people shall have currency
when and wherever the bankers can
make money for themselves by fur
nishing it.
The greenback men insist that the
farmer, merchant, mechanic and
workingman shall have the privilege
of holding government bonds if he
wants to and is able, and shall also
have the privilege of converting then
into United States legaltender mo
ney at his option; the so-called bul
lionists and hard-money men insis'
that bankers only shall have the priv
ilege of depositing bonds and draw
ing currency. The greenback mel
insist that the government should re
fund its bonds at a lower rate of in
%terest, and make them interchangea
BILE, thus permanently lowering rate
of interest throughout the country
the so-:alled hard-money men ant
bullionists insist that ten per cent
interest is cheap enough, and tina
the government shall maintain higl
rates of gold interest, cultivate a 70,
eign demand for bonds, and by de
nying the privilege of interchange
0lity Of bonds and greenbacks main
tain arbitrary control over rates Q
interest. The greenback men insis
that the people can be truste
with the finances of the country a
well as with its honor and life upo
the battlefield; the bullionists an
hard-money men insist that the con
troll of the finances of the country i
q %perquisite of the money lender:
and that the common people can nc
be trusted. These contrasts shov
the difference between "infatior
ists," so-called, and "bullionists" an
"hard-money" men, so-called. Their
are no infiationists in the strict sens
: OF that term. No one proposes
greater issue of money than is absc
lutely necessary to the health
growth and equitable transaction {
the business Of the country. On til
contrary there are no real hard-mc
ney men. Those who are called sue
are merely advocates of an initiate
bank currency instead of Unit,
States legal-tender money. TRes
are really the infationists; for Will
they insist upon an inferior currer
cy, entirely under the control of th
bankers, thus forcing the Hnch5e
the country to use their prfs4se cree
it and the book credits of the bank.
witch is the worst and most DANCE
GUS system of imitation.
Tha Do-,l1;o -