The daily Argus. (Rock Island, Ill.) 1873-1877, 1876-05-26
Che 1ailg Asaas.
CONTINUED from second page.

Hon. A. j. Streetor, of our county,
has been iavoring the public with his views
on finance through tie columns of the
Aledo Banner, and | also noticed his
name ia connection with the greenback
convention recently assembled at Indian
apolis. Mr.Streetrr is very fine gentle.
man, intelligent, affable and quite popular
with the masses, but on the question of
finance he has mount I'd hobby horse that
viii undoubtedly soon dismount him in the
ditch. One of the very worst evils
growing out Of our civil war is the very lax
financial morals entertained by otherwise
very, excellent and honorable gentlemen.
Tie indiscriminate use of grcenbacks,
ground out by the government machine,
under the exigencies OF desperate war,
has created looscness OF political honor
very denmalizine 10 It's effects, and which,
if not effectually sque!ched pretty soon,
cannot fail to bring about utter ruin and
disaster to the country.
1t has got into the heads Of certain pol
iticians that the people were gullible
enough TO believe that greenback mill,
running day and night at Washingt n.
would relieve business depression. aud
give every man in the land plenty of non
ey, and make them wealthy and happy
Filled With the trucking, trimming spirit
of the period. these politicians have in
scribed on their sails, more greenbacks,
and set them to catch the breeze OF popu-
lar favor with the purpose alone in view OF
winning in the race Tor office 1t is moth
ing more than midsummer madness to
suppose that the mere making and issuing
Of 10 N
or a nation richer There is but one
natural sequence, and that is to still furth-
er depreciate toe value OF the notes already
outstanding. The rag-baby, of Ohio pater-
nifty, ifit, instead OF having been straneled
in its birth, had lived to the years Of inha-
ton, could never haveDccome naturalized
citizen OF any country, but must have
ended It's existence in the land OF its ma
tiyity,-for one thing is certaiu--it never
could have expatriated itself or been ex-
ported. The initiation of that which signi-
| hcs money. or the al!oying of that which
is the standard currency of the world, has
ever been fraught with serious conse
quences. 1t is easy enough 20 make
mouey plenty, but all the legislation in The
world cannot give it value, unless resting
dpnn substantial aud accepted financial
| basis.
Fully one-half of the property is now
owned by less than five per cent OF the
population, and these belong mainly to the
class who nave notaided in It's production
but have accumulated their wealth by
means of our unjust monetary system. Let
him who doubts this take any city or VII
lage OF Ave thousand or upwards and see
Iif he canuat find in a ttnnlIlation of 6yl
thousand, City Of the most wealthy indi
viGuals who own one half Of the perma
nent wealth of the place. The carryin!
into effect ct the greenback system pro
posed by the indianapolis convention, ant
advocated by Mr.. Streetor, will inevitabl!
result in largely increasing this unfair dis
roportion The capital represented b.
hese few rich men will absorb the issue
aud it can only result in greater injury t
the masses