Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1875-09-17
Farmer Samuel and Farmer Jonathan.

Farmer Samuel-Neighbor ] want 70
buy that colt Of yours.
Farmer Jonathan-Very well; the price
is 800.
+. S.-Here are ten bills Of mine for ten
dollars each, payable on demand, which
will be just as good rs gold to you, or in
fact better, for they are not so heavy to
carry about.
F.J.-But when will you pay themi
+. S.-Whenever you please. / will
give you hundred dollar bond for them
any day, and that will be still better, for
Il is to bear interest at the rate of per
cent day. Only think how fast you will
make yourself rich at that rate, Neighbor
Jonathan,
f. J.-But how Is this interest to be
paid, e.
F.S.-Why, 1 have made smaller due,
bills, and can at any time pay you the in
terest
F. J.--And how il the bond itselfto be
paid'
S-Quite promptly. will give you
ten due-bills Of ten dollars each for II
whenever you wish.
F. J.-But where am to get anything
for these pieces of paper, Uncle Samuel
either the due-bills or the bondsp
r. S.AWhat else do you want, Jona-
thani You can pass these to your neigh
bors for what you want, and get similar
ones from them when you sell anything
Don't you see that this is the best curren.
cy in the world9
+. J.-But am never to get anything
but pieces of paper for what sellS
F. Sis not that paper perfectly Sc
curei Am l not good for all promise
Have not magnificent farm that would
pay for all the paper l issue hundred
times over?
+. J.-But ift should want to get gold
for these notes could sue you and sell
ensugh of your farm to pay me?
F. S.-Oh, no; my farm is held under
the Homestead law and cannot be sold
You can never get gold that way; but the
| paper is far better than the gold. If you
must have gold, however, you can go to
the fellows In Wall street and pay them
anywhere from 13 TO 30 or so per cent for
it, as the rapacious and bloated bullionistS
| may choose TO demand.
+. J.-After all, then, am only to get
somewhere from $40 to 800 for my colt.
f. S.-You need never make any such
loss just be content with the bits of paper
and never mind the gold.
F. J.-But If l want to buy some lumber
IN Canada, or sugar from the West Indies,
or brOadcloth from England, will they
take your due-billsl
f. SIN that case you will have to get
gold to pay with, whatever 1t may cost.
F. ]. Figuring up)-Then if, when you
have issued a great many bills, gold should
rise to so per cent. premium, your paper
would only bring 6625 cents worth in
those countries, and so my lumber, or su.
gar, or cloth would cost me half as much
again as it should
F. S.-But you need not buy away from
home. Get your lumber in Minnesota,
your sugar in Louisiana and your cloth in
New England.
F.J.-But would get any more for my
paper dollar from them than from people
abroad2
+. S.-l cannot say you would.
+. J.-Then these articles at home are
just made as dear by being paid for in pa
per as it would cost to buy the gold to pay
for them abroad. In other words, where
ever buy can only get the SO or 662S
cents worth for my paper dollar, accord.
! ing to the premium on gold.
Now honestly Uncle Samuel, would il
not be better, seeing you are so rich and
have such magnificent farm, to raise the
800 in gold upon it at once and pay me
for my colt in honest money that will pass
anywhere at its full face value? This
proposal to twist around and pretend
TO pay, when you don't really pay one
cent either of principal or interest, could
never come to good. Believe me, this
lodging might do for awhile, but by and
by your irredeemable paper bills would
take their place beside the old Continental
bills, of which bushel would not buy a
loaf of bread,-N Y Witu8sf,