The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1877-05-05


they could substitute for it. The first sill
yer purchased Was coined into those Trade
dollars, each containing 420 grains, 900
fine. | have one lying before me, coined
1879, one Of the handsomest silver coins
ever issued from our Treasury. 1t is in
trinsieally worth lO7 cents. These were
issued not for the use Of the citizens of the
Republic, but for the sole use Of the Chinese
and japanese trade ring, who wanted to
monopolize the trade With those nations
and by giving them dollar worth Z cents
more than the standard dollar would drive
all other dollars out Of the trade. This was
certainly acting very literally towards
see the justice Of keeping our own citizens
on bran to feed the fine -four to foreigners.
There was not a single issue of silver coin
TN after sirer teH III the foreign markets to
less figure than 1t ever reached before.
Than our mint commenced issuing silver
com, but the dollar issued to citizens in
stead being worth 1O7 cents, was so shrunk
IN weight and aiiuyed with baser metal that
It was only worth Is cents Next comes
our National Greenback dollar, The Dollar
that all our contracts aud values are based
on, Tor instance IN demanding the price of
any article or paying any demand the
Greenback dollar is always understood. 1t
i the best, must uniform, and safest stand
ard dollar ever issued; it is not only based
on all the gold and silver Ia the Nation,
backed 10y all the real estate and personal
property. but what is far better the pluck
aud energy Of the American people; we
want nothing better, only give rs plenty
oi them. 9th ia the list comes the Ma
tlonal Bank dollar. that has nothing behind
1t but Nh. 6,bs ot the Nation. True il cir
cuiates side by side With the Greenback
dollar, but there IS a vast difference in the
security aud first cost of each, the green
haok costs che Nation nothing but the pa
Ter ami INK with which il is printed Ii Is
raid ont u the Treasury for 100 cents to
some soldier, sailor or employee OF the
Government. receives it, passes it to b,
he To {, and So all 1t reaches Il, all the peo-
PIE redeem II tor full face value till it
comes back t. the Government, when on
4 presenting Il to pay duties, the Govern
nent dishunors lis own issues. and refuses
to take It without a shave The National
Bank note ga the contrary don't reach the
people except through the banks, where
the parties borrowing have to pay 10 per
cent at best (often nearly double) before
they touch II. What right has our Gov
9inment 70 give exclusive privileges to a
1T " money shayers 70 uppress their fel-
low citizens With True they put 10 value
as security, but On The same principle why
should not the farmer get the same privi-
lese provided he puts up his farmi The
National Bank note costs the people from
itrst to last from Is to 20 cents for every
dollar issued. Now come last to the 9th
dollar issued hy our Nation | refer to the
com certificates, those You have never seen
they are issued FIR different class. and to
benefit different interest. Dn March Sd
1SiA thSs>' -~r.ss- T-s~ss>.@y Gssx.x-~ss
authorizing the ISSUE OF certificates repre-.
sentlng the actual coin in the Treasury.
and 20 per cent, t"hat humbug, what was
% Represent the 20 per cent? this was done
nnninaly for the convenience of the mer-
chants paying duties, but really to give
the meney shaveTs of all street a chance
to turn All honest penny.
IL Is generally supposed that the duties
paid on imports are actually paid in coin,
tut 10 show you how little gold is actually
received ! viii here ave the receipts in the
New York Custom House for one week in
sept. 1879 =, ,519 032 il certificates; Sl3.-
GOO, IN gold coin; for : weeks in 1875. 81
lO3, 2G3 IN certificates and sos. 900 in &C
tual gold. Now II is easy to perceive how
much money can be realized by the ex-
Changes As fast as the certificates come in
at the front door If the custom house they
can pass out at the back door, and in half
an hour be in the brokers' Office again.
Then in counting the coin in the Treasury
1t is shrewdly suspected that these coin
certificates are included. Now what the
people want is an honest dollar worth at
all times 100 cents, neither more or less;
they want 70 receive the money direct from
the Government, agreeable to the reauir-
ments of the constitution. Let there be Ma !
tional loan offices established wherever
theirs Is a National Bank at present; let |
the manufac -urer, mechanic, farmer, ETC.. |
borrow direct from the Nation the money
that IS based on their property at 2 Der
cent; that is double what the National |
Banks pay for ID; let the limit of circula-
tIon be 500 per capita Of the population.
let the Government declare that the Ma |
tIonal Greenback dollar be received for all |
dues and demands OF whatever nature. and |
specie resumption will be like All old wife's |
tale. thing of the past, for no person will |
cumber themselves with gold and silver |
more than they would with copper or iron |
money. This will restore confidence. start |
enterprise, and give an impulse to bust |
ness, that i'll soon absorb our tramps and |
Idlers; our farmers could develope rich |
and luxuriant country, and build up the |
mightiest Nation ever dreamed Of in the
past or present. But this all depends on
the people themselves The who would be
free himself must strike the blow" this
can all be secured by united ballot. Vote
always and ever tor the interests Of Indus
try and in opPosition to oppression. Z
Yours for justice and reform,
SAMUEL SINNKTr
FROM MICHIGAN.