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

metals themselves and l shall be able to
prove that it is within the powers Of Con
gress to use such paper according to the
most rigid rule of constructing the Consti-
tuition. John G. Calhoun.
REN FRANKLIN A PAPER MONEY ADVOCATE
Gold and silver are not intrinsically Of
equal value with iron. Their value rests
chiefly in the estimation they happen to BE- in
among the generality of nations. Paper
money has great advantages over gold and
silver. as it is not likely to have its value re-
duced by exportation. benjamin Franklin.
JEFFERSON GREENBACK MAN.
Bank paper must be suppressed and the
circulation restored to the nation, TO whom
it properly belongs. Thomas Jefferson.
THE ALL-IMPoRTANT ISSUES.
"No single interest touches the domes-
tic comfort and prosperity Of the people
a. this one Of the currency, and in the pres
ent condition of the country none is Of SO
much immediate Importance, or calls for
more immediate solution. To put of this
question, therefore, with vague express
sions Of reform, and the desirableness Of
specie payments, is to ignore the ruling
interest of the hour. 1t is to surrender the
people to their sutferings without any
promise Of remedy. Peter Cooper.
WHAT PAPER MONEY WOULD DO.
Distribute q sufficient volume of full le-
gal tender paper currency through our coun-
try, and what will be the result Answer !:
pro rata increase in the employment OF la
Dor McCulloch's contraction policy has
stricken industry with paralysis throughout
the broad extent of our whole country. -
Phny Freeman.
PAPER-THE BEST KIND OF MONEY.
THE people are the sovereign poweys. and
CJngress) to make much Of the medium of
exchange money as will be necessary for the
wants Of trade. Paper money is better than
either gold or silver, as its volume cannot be
contracted by using 1t as a merchandise -
Hon. John Msgwire of st. Louis.
FINANCIAL IGNORANCE TAUGHT IN COL
LEGES.
"The blindest ignorance regarding the fin
ancial history and status Of the world pre-
walls amongst almost all classes, and is taught
in our colleges. and is most conspicuously
manifested in the law-making and executive
departments of our Government. We pro-
pose a national currency to consist wholly OF
| Ireenbacks to be entirely controlled by the
peoples representatives, and thus To be abso
| lutely beyond the control or influence OF
Spectators in gold. Sydney Myers OF Chi
| cago.
HOW MUCH MONEY Is NEEDED.
The amounts Of money needed in a coun-
try should be determined by the wants of the
people. and can only be done by national
paper money. Henry Carey Bard.
WHAT MONEY SHOULD NOT BE MADE Or.
Money should be thing of. or belonging
to, the country An eNpor:able commodity
is not fitted to be money. And nothing could
be more monstrous than England's prlnci-
pie followed by the United States-of fore
ing her people to be buyers Of gold, and max
ing their possession Of gold-one Of the sa-
credest articles Ill the world-the condition
of being able TO furnish themselves with food
and clothing Hon. Isaac Buchanan Of
Canada.
THE DUTY OF A GOVERNMENT.
what is a Government good for, ii in
such a country as this, with all its material
resources and vast evert, 1t cannot prevent
large part of its people FROM the distress
of want Of work and Of bread. This seems
to me the first duty OF Government. -
Peter Copper.
HOW We ARE ROBBED By ENGLISH ARISTo-
GRATIS.
with natural resources beyond measure
greater than Great Britain, by our blunder-
ing financial policy we are made simply a
mich COW for sagacious England. John q.
| Drew.
| THE TRUE FUNCTIONS OF MONEY.
Money, instead of being the medium OF
| halu hat ma
ton, which is its proper function, serves, I'M
der present system, to pfot~St noIaRRal
ductive consumption, in the possession OF
control Of nearly the whole wealth Of society,
thus defeating its true purpose and object. a.
! Joel Densmore