Fayette County herald. [volume] (Washington [Washington Court House], Fayette County, O. [Ohio]) 1860-1???, 1875-07-29
good time to exalt it by making it
gold, thus honoring and legitimatizing

close OF the war, before any contrac-
ton took place, that everybody had
plenty of money and the nation pros
pered and they assert that it was be-
cause there was so much money in cir
culation but they do not tell US that.
| although plenty, it was deprecated
currency, and that the cost of the ne
cessaFles5 OF life were cerrespondingly
Inflated. They tell US that our bust
ness has fallen away and that our fur
naces and workshops have closed be-
cause of the contraction of our. cur
j rehey; and then they tell US that our
business is so good and growing with
such giant strides that we must have
!, an increased volume of currency to
keep pace with it, They cell us we
have no trade because of the hard
times caused by the scarcity of mon
ey, and IN Che next breath they an
nounce to US, as a secret of political
economy, that our trade is increasing
so rapidly that we must have more
money to meet its demands.
They tell us they want to increase
the currency to carry on commerce
and manufactures, but in the same
breath they demand the aoolishment
of the National Banks and the conse-
quent withdrawal of their notes, which
gives US about three hundred millions
of currency secured by the Nations
bonds. They say that our Govern
ment discredits its own currency by re-
fusing to take it for imports on for
eign goods, but they want millions
more of the 'discreditable' stuff
, printed without stopping to tell us
why our Government discredits it's
own currency. They demand that the
Government shall make greenbacks a
I legal tender for all public dues except
n where respect for the obligation of
E contracts requires payment in coin,
! and they then demand that half of our
customs be paid in coin and half in
greenbacks, without thinking for a
moment that in Europe and in Asia
that our greenback is not cherished
/ with the same respect as something
: that chinks."
: But suppose these absurd theories
y of the balloon currency are adopted,
e and suppose our Government does
4 print two or three hundred millions
' more of greenbacks, what will be done
| with them to make money more plenty
f They will be placed in the United
3 States Treasury and remain there until
D they are purchased from the Govern
It ment Who will purchase them TO
s put them in circulation? The Gov
e ernment must get something for these
n greenbacks; it must have a quid pro
! quo. It is plain to me that if mer
! are so poor that they cannot run theiI
IS shops and foundries, they are toe
poor to buy greenbacks from the gov
ernment after they are printed, anC
as the Government would expec
l. bonds for its greenbacks, the sam'
It bonds will buy currency to- day, anG
.e there are millions of it stacked up il
J. our banks lying idle for want of Gus
1T toners to use it. The whole of thest
le theories are falicies There is reall,
t. no scarcity of money. If there was
o deEran.d for money there would D.
+ now very abundant supply.
lie During the administration of Gen
ct eral Jackson the Democracy made it
d greatest fight against an institution
J. and its currency, which in that da
was regarded by them as a stupendou
at swindle Governor William Allen
r who was then in the Senate, made
I'd speech, in which he declared that gol
er and silver was the constitutional cur
ne rency of the country, and that Con
lg gress had no power to declare that tn
le irredeemable paper of the Unite
ar States Bank, which was backed bv tn
he chartered credit of the Government
Of was equivalent to coin, and insisted o
ic the immediate resumption of speci
e) payment Now, the same Governo
ok Allen puts himself as a candidate c
v party on platform of paper none
y, initiation, indorsiug principles of
H. nance which, if carried out, would b
Ii, fraught with danger to the stability c
is our Government, and in any cas-
be would lead to national dishonor.-
at Times change; men have been kno W
VI to change; even par ties change som
la times, but it is the boast of Governt
lid Allen that in public affairs he nev,
he made mistake, and that he was in
ult mutable. How now? Is he maxim
ce. a good ready for Pendletonian effo
m for the Presidency
nat Germany is perhaps the greatest n
Ike ton in the world except the Unit,
States. Since our war of the Rebellic
lily she has passed through a gigantic W
ab for the same reasons we fought, f
nd, self preservation. To carry on til
ing war she contracted large nation
gu debt, not so large as ours, perhap
CO. because her war was not so protract
en- as ours, but proportiOnately so. H
nor debt has to be paid like our own, b
ny have her statesmen deemed it necessa
as to issue an inflated currency, whi
ays means one thing on its face and anot
ard er in the uses of the commerce of ma
kind No. You may take ban
ION note issued in Germany to any ba
en- in the Empire and get gold and silv
My for it at its face on demand.
one Why :? Because the GoVernmG
han and people of that grand Nation re
the ognize their obligations to marki
attic and to each other, they are proud
Iore their country, jealous of their ere
just and honest in the fulfilment of tn
lard private and public contracts. Tt
will know that their. resources, with ind
has try in their development, will so
.nts, wipe out the last vestige of their W
ncy, and then they will be still proud
but still more powerful and still n
| in prosperous.
.erly Now, then, have the Germans m
rag prolific country than ours, have Il
abel more resources or a better form
cur Government? You will all agree v
ba- me that they have not, but they h
,red- one blessing which we cannot boast
N in from the very nature of things-t
have no demagogues, whose pabatl
tiers is wind, and whose patriotism beg
this and ends in self assertion.
try The same may be said of France
ibii- to her currency Although bro
back down by war and distracted for m
o is years by changes of government,
nj m 1ufrar;y, ~ Froy1 n Fool;na = ;D,oo,,