The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1876-01-07

Redemption AMI Resumption.
Y Upon these cnbaiistic words hangs all
the law and gospels OF Tie 90, aiitd
hard-money prophets. Redeem and re-
suule, Tins = their theory. We are TO
Y have Two kinds OF MONEY. One money
4 /, not good unles. il i redeemed IN
another money. Well, il takes dollar
to redeem dollar Then what is 10 be-
gained. Dne-half OF the money out
only j. ~ cirru alton. Why should not
the dollars that redeem the other dollars
be- that haliy But here comes The rub.
There are always three or four dollars
for one of the money 10 be redeemed.
and there j. nai oar 4 'llAr put nj H. to
redeem il. Iii'. fhenr, !, tnai there cau
never ne more han Onr-third or ONE
fourth ~ the redeemahlc money SEM
home Tor rrdrrupiiru &c onr time Thar
may be nice theory, hat IL never
worked ia practice. The dollars behind
the circulated dollars were never ade-
qnaie when a run was made 10 lake up
tnc dollars in TACT. Then came bust
ness panic. "A disturbance OF the currency,
and fe,rpcaiicn of an kinds OF stocks
aud other property. That meant 4 gn
eral crash and destruction. We are
amuug those who Id not believe il nee
e>~arV that We should have more than
.one species - money. We think it au
ah~urdifN 10 speak OF one dollar being
reiieemlh.e in another dollar. Blt We
are told that the second dollar. The hauk
; pap,A dollar. j. not money. but o4.iy "a
: representative OF money. II that i, -.
: u should perform he same functions a.
10 principal. II should he subject To
no greater or less ne possibilities. Bat
when we have money why 30 We want
: that which j. at best only a rcpresenta-
( live of "a: Ii gold only j. III 10 be ia
: circulation let nothing else be allowed
% perform it, duties. II "A representa-
: I've j. necessary does tuot Indicate thar
the represented i inadequate 10 perform
it, functions. BIT why have more than
one money? Why expect these two
; dollars To discharge tiri ~ hich one can
better do. All thar isde- ired 10 money
: j. 10 have something thai can not be re-
fu~ed--somcthing That will pay All taxe~
: and all debts. That can be accom-
piished 10y putting upon il the certificate
j Of the United States Government to
that effect. IL matters not apon what
: tho certificate j. put of " hat material
! Il j. composed II j. only necessary
l that il should be some hing difficult 70
counterfeit. Gold coinage can "a = ca,il y
: be counfcrieited Il. the greenburk. Bar
there j. another fact which troubles fhe
7 Buiiioui-is- Nothing viii do A. a rur-
rency thai has Tot an intrinsic value.
Gold has an intrinsic value. they main
tain. while paper has not. They are
wrong both ia principle aiid in fact. IL
: l. an injury 10 have a. currency that
which &C the same time i commodity
, the price OF the latter influencing the
! value OF The former. But then gold j.
not intriuscaliy valuable. ItwOull NOT
pay 10 mine Tor IL for any mechanics I
; purpose. were il not used "a money. N
j. The gold declared To be money which
: enders gold MOI coined valuable Moth
ing better illustrates Tle FOLLY pf the re-
: -nnpiinn and redemption theory than
THE tact that ~ country which MAKE
s ithe attempt Z" always keep proper
supply az specie Ter currency j. ever
: able 10 DO 10. Every t.w wars there
ha> 20 h- q suspension Oi gOli pa meuf =
: IN order 20 relieve the .ui'prin-~ Of the
business classes. A. Ben Butler ,lil iu
: Congress WHY not be- relieved al the
slime? Golt j. Oh" Of those unknnw u
aud uncertain quslitic. To build upon
which. subject 10 the laws ~ trade j.
building house upou sand We luiit
Z upon il before the war. Ne were con
-'gptly being ~iFauied and swept away
Z Will the grecnback a, the only MONEY
receivable for aii public taxes and AL
! private debts. there can be no such thing
a. financial panic.-- Gin. Enquirer.