The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1875-12-17
VOLUME 1S.

whose value is fixed by the labor il
costs To produce 1t of money crea'
ted under the injunction THAT III
the sweat of Thy face shalt thou cal
bread"
OF L FATHERS DECLARED ~ THE CON
sTITUTiON.
hat 40 State sLai; make anything
"a. =, g.! AID silver c,.n ,-Lldes il,
,lyueHt al debts" Ihal is our
c.,ti,'i'u.lJHs.i basis, 44,4 a. precisely
coiBcidr,s with he conclusions OF
universal experieBce, and OF science
and u; sound morally aud natural
tlw. And that wise prohibition, Ia
rs ;.u. intent, spirit and purpose,
apple, as well 10 Congress a. to the
States. And SO prior to 1861, il
was construed By the common judy
nIent of the country, by Jefferson,
Madison, Jackson, Webster, Clay,
and all our great Statesmen and
rulers. So il should be construed
now, and must be in the future, be-
fore our financial safety can be fully
re -estS blished.
DEPRECATED CURRENCY.
The pivot points in our financial
situation are the facts that our cur
rencY is now deprecated: and that
the precious metals have ceased to
be q circulating medium, and have
chiefly left our country. 1t is IN
quesIionzbly true that the extent OF
the actual depreciation Of our cur
rency l. greater than the difference
= e
chasing power OF An incOnverIible
currency Is the true test or its near
ness To coin. The present nominal
depreciation IL IL per cent, but q
restoration OF specie payments,
would increase the purchasing pow
er of our currency at least Is to 20
per cent. This would result from
the fact that, under . currency
equivalent to coin, the cost of pro-
duction reaches itS lowest point, the
power OF banks, corporations, spec
ulatOrs, stockholders and gamblers
to tamper with the currency. Als0
reaches it's lowest point, the stand
ard of value becomes fixed and hon.
est, and the tricks Of traders aud
dealers In adding extra profits at
every turn to protect Il emselVes
against the uncertain and h1ctuatiDg
value OF the paper currency lose
their excsue, and the result is, and
this Il the experience Of our own
country and of every other nation
that the people, the honest indus
tries, and especially the 'tiIlers OF
the soil, and those who live by the
wages Of daily labor, and the poor
become more prosperous, more con-
tent, are better rewarded, better
paid EelstiVelys they can obtain
more OF the nscssSarieS and COM
forts OF Hfe for what they earn, and
are Infinitely less 1t the mercy Of
capitsl, money manipnlAtoFs, and
gamblers of every sort.
THE CURRENCY OF COMMERCE.
1t is the fixed and irrevsrsible
Judgment Of mankind that the cur
rency of commerce shall be gold and
silver. 1t will accept no inferior
currency. No great nation can do
so without incalculable loss at home,
constant disadvantage in CONNER
cial competition with other nations,
aud the sacrifice of The most valu-
able opportunities for profitable and
prosperous international trade. You
NAV convert every bond that the
country owes into gfeeubacks, make
fhe government generous lender
10 all comers, flood the country with
promises as numerous A. the autumn
leaves, and after all, your paper Cur
rency, like ali other values, must
submit 10 be tested BY the standard
of gold and silver. There is no es-
cape from this law. 1t perrades The
laud and the sea wherever com
meIce has "a pathway ana ciyilizL-
ZION has organized exchanges Ii is
not in the power of government by
the Initiation of the currency to i'll
crease values, but only prices ara
thereby Increased. Quarrel with
thess LAYS If you will, bgt you san
not change or suspend them.