The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1875-08-18

and ufeG OF yeF5sspiosPetiyssviit 800, 80 ~
overheard OF bsnks, or bank NOTES, or papesi
currency, or Gesernment Issues. they naG'
gold and silyer but thst they-got-oy ened
industry, and diligence. and holiness anu
enterprise. ,.,t
bank.notes and paper currency are not essen
-tiaI,to commercial psosperity OF goodman.
ciering. Moreover, further concl9ioe e, l l.'s
currency is like the Intoxicating OIL 20 lne
Joints of our physical struct eie,ns Gu
that comes naturally, that surphes anu au
justs itself according to the wants o.: 'ng
system under a provision OF nature. opesa'
Legislation, on finances, as well as on snbptu i
ary matters aud on every other suDlect,
always turns out to be quackery, ana !, d Zoe
msre harm than good.
Gold and silver, for very mauy oo, , ~
reasons, have from the earliest perlou oesu
adopted as money. They are uurao'e anu
like good men, take and hold dlstinct lu.
pressions: they are agreeable 70 tne eye
they are limited in supply; anu Wnetner ~.
tanned By labor or otherwise they may always
he taken to represent value. as ino2neY
they are the universal standard ana repre-,
sentative of value. They have always nau
3 universal purchasing power, ana tney VIII
always have It; and as they canFrpnfcApase
good and valuable things, SO gooa ana Va'u'
able things can purchase them, And 1,,l thlngs
that are produced and brought to market K
will buy gold and silver, even il q depre'
cia'ed currency is interposed IN the process
of exchange. They are the ,old, approved
and only proper currency among men ana
where men produce valuable things, on the
worlds surface they will get gold ana silver
for them if Governments will only, rule the
people right and corfne the nselVes 70 th nell
duties. -.......- ,-...,-.s.,...,,~. ..:t,.,t
the; United States Of America have zgrealt
wealth, and power, and credit. u Me
necessity required it, Our, government cotio
in twelve months or in less time; Win HUE !,
management, pay lis entire DEBT ID goid'
! Have we not twenty thousand men VINO
could realize 100000 ina tWelVemonth
There is no obligation that our Govern
ment gives that it cannot redeem in gold
Then why should 1t discredit its own obi.
cations first by, refusing to take them for II:
dues, aud then 81 refusing to pay what they
call for in qold?.. In this matter the Govern.
ment does really show less confidence IN It's
own credit than any one else. n...., .,..-.,,,
1 When the United States Government SeLtS
qold for greenbacks 1t really says TO the
1corld that atS obligations are not good, no
COMPROMISES WITH ITS CREDITORS.
The Government can pay in gold, and IN
no. doing so it sets an example OF fraud tna'
really helps to demoralize the country.
If the Government will pay its own debts
in gold and silver, and then pass law au
tnorizng free banking, wisely regulating ape
limiting the issue Of currency by each bank,
requiring aud insuring solid basis, and IN
all other respects providing for the safety o.
depositors as well as note.holders, 1t may IL
brief period call in all its greeub backs. -,
| There is neither sense nor philosophy II
asking for inflation. At this moment money
is begging for safe borrowers at Il TO 3 pei
cent. Der annurir at the great centre, and
national hunks are taking in and canceIline
their currency because they cannot use Il
proftably. t".
What then, do we want with more chr
rency? We have not use for what we have
got If business is without life and enter
prise. currency will not revive it. You had
. as well try TO cure fool by teaching hin
Webster's dictionary; try TO restore III.
health of a played.out roue by giving him 6
sec,ud; or bring back life by spreading
rich feast on the bosom of dead man.
If our paper money is now made equal to
gold, as it ought to be, we will feel a healthy
and natural enlargement Of currency instead
of imitation by the free flow of gold and sill
yer from their hiding places. q.
Now, we have gotten out ofthe old paths,
and we are niEed-we are stuck in the mud
And we are not going to move smoothly uni
we get back into the old ways; until each
man owns that be is to live by the sweat OIL
his brow; until quick fortunes and fancy
foancering are condemned; until the swarm
OF unproductiye consumers leave the cities
ana 90 to producing until the Government
itself sets the example of fanhfuness.
| Yours. ~. j. l.. W.