The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1876-10-28

- .-. 49,. sa H
=. ..ss' - - -. .ns a''ssn cents per nns ioE
VI
-,r 80 -. = - ~ 'tkaa 'l a-.snus repn
- 's ,''eo. .sS','tDas .oE
v -, s4@ry ~l'n colh Aawtnl mon
80 oA.ssa ssA'ss, shsy woala mag
'n.' ''ne nave psen At Pnr with eOln III
co., ON
% aOi,sz y tne ns.'es v 1qpet ln
~ ai,n noly PayPnis. na we'll aa
- sAs ps.sess eseD eont 5rQted psfore ms
w slqFhlF ~, Iol1S' dsmSnptEEnB
~ sns- A'seFt'on 0rts the
%'in nosfa' hHy mhnDm
uo v. w~ch we're issued I'M August
'' A',1 - incrsAaed 70 mxfy
'''l''i"n aol'as~ AneSe noses passed at
Psr ~len scah Until inc iAeser part OF
l1scem"et on s-@s ysar' When the oanks
Aoo ths sovelnment suspended specie
~ Eshsl - - 81 10y mmeasAssR heaen
~ I--T-, J. =.
- -l -l-..-5 -. ~ -
~ ~. P-h--- s,I~--; - u"-
.,.,e -" my
- =, -, T1'I' 80, 1U''e. .
~. fsA N
-.-.-' 's'-1y 'oso ~ 4
p~r "A'n Soin an1 luA'.elAs1 ~ as long
q they wsre p alrcniafcn when coin
went INV to 1tB theE rose with 1t, and 1
cle.m hPaf 1ne sAme result would follow
~ tne resPns legat-senuers were endowed
Aln w the lseai power q money, which
- 3uss wAne the adVocASes OF the system
On nussency lhterconvertIole with govern
"e"' OouuS uehiShu hothing more, moth
ing less.
deny the volume OF the currency could
DC unoueiy lhnated under the operation ot
the system tor nos one dollar could get
INTO circulation until the government re-
ceIved value for II either IN payment Of its
debts, or for services rendered or supplies
furnished. But repeat that the national
banking system which Gen. Hayes advo-
Gates, does encourage initiation to the eK-
tent of the whole amount Of the national
dah. - ofFa-;n,, ~. h.,I.. a,,,LI, ;t.
A
-,5S, -
h..ar toxas nr,- nd ~ s 49, aoout
..har.a a. .da - 4h.;. h,aao g =.
tion the sum or @25. 600 600 each veap
This is a grand mistake The propoaed
system will relieve the tax pavers of
much larger amount each wear now Maid
to bankers by way of double interest ON
their capital. for which the people receive
no equivalent whatever, and Of more than
ten times the amount you name by way of
extortionate rates of interest on loanable
eapital generally. This Il the legitimate
effect Of the national banking system. the
perpetuation Of which YOU advocate and
which would be impossible under the sYs-
'e'" Va uiio"0y' lii'ei 'i'er'apie WIN
governments Oohds bearing an equitable
rate Of interest.
Again Can Haves saws
If A. c-.l-I,,-
N n MI oanpoeIi system M au"p'e9
his currency wouid be the onlv medium of
exchange IN use.
Then say it would be the best money
or currency any nation ever had II would
perform all the functions Of a circulating
medium better than either gold or silver,
because more convenient and less expens-
i've. and infinitely better than any bank
;r,, s,,s+a,, - sr.c;, h,sis f.Ita.,, +ba4 ,ro
nave hau' or that the ingenuity oI man can
devise. Operating, as it would, as a regu-
lator nm +ha rata of ;n.sras, M, loa,.lla
o"ti'"'' - "OUiN CIV " 'ho "eAi'n- Pro-
duclhg ~iasses an equltahic snare q their
productions, and to capital Just reward
for its use
Rn+ ba saerns not 10 ,radit his our, stota-
.,, ,.
.''a' '''- 0'''0' "0uiN uiS"P
pear, lot ne says
.sSpnnos;,,, ,o,y tha+ - boro Il oon
| ono OOn ~ tbis crrr,,,o,, ana .ba. ~ NM.
chasir, r,crar ,,,Id M. I,,. u. th -s.Ff.-.
money men clai,n-aoraI ~ ,,oIdr bou,
much Of this currency would be kept IN
actual circulation n
answer inst AZ much AZ the mamie
|
hiSht ueeih necessary " elect the *
changes OF their property and productions,
Pro''ueD 'ney oou'u give y the Govern
,'i'"' IN nU''uieu oe"'S "or'n 81 'Aoor
Tor each doliar- ne farther says
- Figures show that Il does not take over
eOV'VVV,VVV ol our present currency 70
S ''.i Nm i' MI N M iho
Treasurv and Maternal Sanks If ~ snh.
tract this $500, 900, 900 from 81. 29O, OOO,-
OOo, we shall nave SoSC'OOO'OoO not being