, 1875-12-13
redeemed in gold money; null next i'll the
Unitetl States Snrreme Court, which has said

redeemed in gold money; null next i'll the
Unitcl Statcs Supreme Court, which has said:
Hut. on the ether han II Ia equally clear that tho
itoes are ohlt1at'ons Of tho United States Their
imafis obilcatiob Every Of them e1prc.+ra u;on
stk face engagement Of tho nAon 10 pay lc irsrs
crratn sum. Tha ,loar fiote IL an enlargement 10
1ay doar, an at dollar tntt. isd The dcar
y tat Entfst Stattta etrt1tn qonnttY ,rtoht and
lnsnrs nF dsti ard s,l authenticated AZ snh bg tat
.taH.p Of the t;ort,npent.
THIS sta,up on tho gold OF silver Is not n
"rromiso to pny" n dollar, which is tho
stamp upon the greenback, or lank note, or
check, or tlue.bil, Int simply ''One DOLLAR
which means that tho piece Of tnetal Ia au-
tlienticate.l by Government ~ containing the
vatuc In weight ana quality known NJ "one
dollar" of actual value In tho commercial
world. Tho stnmp il merely MI evidence Of
quantity antl A protection to faciiitato tho
transaction Of business. It is tho recognized
f4.!uc Of tho precious 1netnl which gives it
currency tho world over. 4 man may travel
around the world In eighty days" with
simple gold+lnst rs it waH washed from
the sands Of Mother Nature or cswsl,cd
from the quartz rs II comes from tho bowels
Of tl,s earth; and he may exchange it ut
any apot OH tho face Of tho globo for any
other commodity TINT be nlay desire, accord
ing 10 its recognized ralue M property or
wealth. It only ncctla pockot-scalo to weigh
Oil portions Of the ' shining dust ;" to pur-
chase opium or elephants in 1ntlin, tea in
CHM, spice In Java, silk in japan, ivory in
Africa, 1nummies in Egypt, coffee in Cuba, Or
any manufacture in Europe, from pin to
Cunnrl steamer. This yellow dust Ia tho
stuff real motley il ulnde Of BY mankind,
and If This be not ralut, then tho word is
meaningless. It is this thing of ra'ue
which the Government l,as promised to giro
for its notes on demand, mud which it tiocs
not give. Hence their depreciation, Take
AWAY from them tho promise and the conii-
slcnce that they represent such value, as tho
grcenbackers propose to do, md they will
10 worth, after present debta are discharged,
Just their rdlue in old, worn pnper nothing
more aud nothing lrss.
Mr.. MAo1E denics TINT there il my
"worll's currency" though he reluctantly
almits TINT gold passes in all countries Ga
medium Of exchange and measure Of values,
tho universal agency Of barter. Tut ho
desires to establish NJ q fact tllat the United
States. after it shall hare abandoned tho
theory Of gold-retemptiop, mny trada with
foreign nations tho sR1ne as before. He call
not find n country where this state Of things
exists, md 20 lie 6ets himself up on modern
CoLrMnUs, aud goes out on voyage Of dis
covery. He says:
SUPPOSE ws kholll discover nation that nsver saw
any Eoh BIT. which n.sd fine paper, rt,nrc. by Tho
Government with figures rtrrefcninR different dr.
REess Of saue, and this arer rirnt tnx at tic vaiue
the Dc, sc,ruse enied. woul hsva dicu!ty In
trading will t1ch n tion. SuEros. had wheat to
sc, would refuse sel! to s n4t1uu and tako IL
pater7
We think not; md. II lie did rot refuse to
exchange commodities Of vnluc for this sort
Of rnp.r at tho figures stamped thereon, II
would bo tic duty Of his friends to issuo m
| inquiry dt iunieaso, and shut lin mp in order
10 restrain him from disrosses ling himself
! and family Of their property. II the pnper
of this undscovcrnble nation we're exceed
| ingly flne and sayo in texture, 3Ir. MAutE
might exchange his wheat therefor ac-
| cording to It's valuo in gold by
weight, and pound of it in weigh t
| might be worth ~ much Us a bushol Of his
wheat, bu. not according to any fictitious
| figures illat may have been stamped on it.
While he il on voyage Of discovery, it
| woula he much better II he could discover a
| nation ni1ic], will work its tields. forests,
| and mines, and turn over its products in ex-
change for ''greenbacks after the promise
Of redemption shall havo been repealed.
Congress Gnu then set its priuting.presses to
work anil my of the national debt; having
! done which, il tho wealth Of tho unlliscoy-
cred nation still holds out and tho unknown
| people nrs still willing to tako irredeomable
stamped paper in exchange oforcommodities, we
will divide up their wealth among ourselves
r'ro rata, md A1r. Magic, ~ the discorerer,
shall have tho lions share, Until he has tlIa-
covered this mythical uation. however, ho
cannot successfully maintain that real money,
i. +. gold, has no ralue, and that q stamped
piece Of paper promising 10 pay nothing can
be exchanged for valuable commodities at
my rate which the Government may choose
to establisA. Even now, when thero is o
promise to redeem American currency in
money md H fair prospect that 1t will be
done, tl,is currency will not Ia accepted It,
exchange for valuable commodities in Nus
sin, Austria, or 1taly, though these countries
hare appreciated currency also; nor do VIC
accept their deprecated currency In exchange
for our products. Each country Insists TINT
the other shall pay In 8olI which shows that
the credits Of all Gre merely local, so long Us
there ia any failure or default In tho prompt
redemption Of the notes in tho recognized
money OF tho world, gold and silver.