The daily gazette., 1877-11-24
From the Philadelphia Chronicle. j
DISHONEST SILVER. B


If the explorations of Stanley in the
interior of Africa should lead to the dis
covery of such large quantities of gold as
to depreciate the gold dollar below the
value Of the, standard silver dollar, would
gold coins become dishonest money Or,
if the United States Government should
make silver the only legal tender,
and that act should cause the metal to
appreciate until the present silver dollar
would be worth more than gold dollar,
would such measure make gold dis
honest currency ? The journals of the
money hucksters are every day asserting
that the aim of those who favor a silver
currency is to enable them to pay .heir
debts in money of less value than that
which they have contracted to pay, and
that Government bonds will be depreci-
ated by establishing silver as legal-ten-
der. That there is no candor in the lat
ter assertion is manifest from the fact that
by law the Government is bound to pay
the bonds, principal and interest in gold
and if the resumptionists desire to pre-
vent dishonest debtors from paying debts
in deprecated currency, why do they
not propose an amendment to the bill to
repeal the Resumption law, requiring
that the quantity of silver in a dollar
shall be made equal in value to gold
dollar? .5
The truth is that they are not will
ing to have any currency which the
money gamblers cannot control, an
which willnot suit the English manu-
tacturers and merchants. Their jour
mails dare not face the arguments of
their opponents, nor meet the plain
facts which the controversy presents.
They prefer vitupeTation and misrep-
resentation of the motives of all who
oppose them. Nearly all the news
papers are owned or controlled by the
money mOngers, and they shun any
fair discussion. The EreAing Tele-
graph, of this city, is one of the most
superseIviceable of the servants of
the bankers, and as in duty bound it
puts forth sucn terms as ''inf1atlonists,
''fools and knaves," to meet the argu-
ments of those VINO desire a silver
basis of currency. Speaking of Gar
fields speech, it says:
''His remarks about the Confederate
money, however, were both pertinent and
pointed, land furnished complete and
satisfactory answer to theapreposteroustas-
sertions made by an advocate OF Initiation
that the greenback had put down the re-
bell1on, anc that 10 was, therefore the best
Kind of money for loyal Amertcads 10
| use"
Will anyone with least prete nsion
to candor deny that it was the green
back that put down the rebellion? In
1852 the dominant party was defeated,
the people were fearfully discouraged
and the Government unable to borrow
money to pay the enormous expenses
of the war. The issue of the vast
amount of greenbacks changed ali
this. Thousand dollar bounties
brought men into the army, contracts
enlisted the support OF myriads OF
politicians. business revived and Gov
ernment bonds sold freely when
greenbacks at forty cents on the gold
dollar was received for them.
carrying the war into Africa" has
long been the policy of strategists
and impudent denunciation answers
the purpose of charlatans better than
fair argument. The Resumption law
is one of the grandest swindles ever
attempted. It's object is to place the
currency of the country in the hands
of the bankers, who intend to use the
Government to give the people conf
dence intheir notes. They have no ides
ofmaklng gold the currency, butintend
that their notes shall be the only
money the people can have for bust
ness purposes. They design to take
from the people the profits of a papel
currency, amounting to fifty milhoni
of dollars year, and put it into theii
pockets. This notionsof honesty il
worthy of consideration and the peo
pie should make themselves heard il
Congress demanding the repeal o
the infamous Resumption law.