The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1877-11-01
[ NUMBER q.


the INSTRUMENTATION we could command.
In looking back upon that time now,
with all the light Of fifteen years shed
upon it, / remain still of the opinion
that mo better currency was then with
in our reach. | believed and I said
that without such currency, the coun-
try would perish; | believed and said
that with such currency, the country
would triumph. / believed that if the
country did triumph, both national in
tegrity and national gratitude would
insure the payment Of the notes. Re-
Gently / have read with much care q
speech delivered by Mr.. Allis, the can
didate Of the party [ am considering
for the office Of Governor of the State.
/ intend no disrespect to the author
when | say the speech surprised and
even shocked me; it iS.enough to shock
one to find that q man of ripe years
and ripe culture is labOring under SO
many decisions as he is, if he is wrong,
OF SO many as am and millions beside
me are, if he is right. Let me present
to you some, of the more salient points
| of
MIR. ALLIS' NEW EXPOSITION OF STATE
GRAFT:
| First. We are instructed that Mr..
Reyes and Mr.. Hinsey are the War
Wicks of our politics, whose divided
mantle" he or his colleagues have
! stripped offaud placed on the shoulders
of the people,
Second, That the civilized world is
suffering because of it's ignorance Of
the true relations Of debt to progress
and civilization.
Third. That it is the mission Of
America to work out that problem.
| Fourth, That money is not wealth
but 1.-THE tool by which wealth is az
quired to the nation"
Fifth. THAT gold once answered the
purpose for money"
/ Sixth. 'That the wants of business
have OutgroWn the capacity of gold"
Seventh. "That mankind have seen
that fact, but have not boldly met it,
but have permitted the volume Ofmon-
ey to be fctitiously increased"
Eighth, That specie paying banks
are one of the fictitious means of in
Creasing the volume Of money"
Ninth. That g0ldsand silver coin
or paper convertible into such coin is q
mere pretense."
Tenth. ''phat debt is the only reality
| left to us, that the PlankintOn House.
the railroads, the coin in bank vaults
are only so many different forms of
debt"
Eleventh. "That the highest form of
physical debt, and consequently of val
lie, is that Of nation to it's own peO-
pie"
Twelfth. "That it is the business Of
the Government to see to it that we
have money in abundance, poor money
even, if we cannot get good money"
Thirteenth. THAT the national debt
supplies abundant material fer money"
| Fourteenth. "That until the national
debt is made money and convertible al
will into greenbacks or bonds, We shall
| have no true prosperity"
| Now | do not object to these theories
merely because they are new. | have
myself great respect for originality, and
by no means insist that because the
world always has travelled one road to
church, it shall never take another
path; but submit that when states
man comes forward to advertise that
the whole world has travelled in igno-
rance until now, and that too upon .
subject as old and as much debated ans
experimental upon as currency has
been, and that even now the light has
daWned only upon few, he ought to
come clothed, if not with demOnstra-
tiOn, at least with something more con-
elusive than statement. l don't ask
that you close your earsagainst any new
gospel, even if it is like that of Mr.. AL
lis, every where spoken against, but ]
protest you must not dismiss your IN
derstanding in order to embrace Cos
pei simply because it is new. It is
quite true the business world has axpe-
rienced many embarrassments either
because Of or in spite Of the old finan-
cial system, but it has known many
triumphS also, and has achieved, l
think all will admit, some PROGRESS.
More than one government has tried to
tagging industry by the
use of deprecated currency. The
has never failed to result in
WIDE SPREAD SUFFERING.
He who now urges you to try the same
experiment again, should give good
reasons for the faith that is in him.
For many years, naYigators have
sought the Pacific ocean by rounding
Cape Horn. Many ship has encoan-
tered rough seas in those ATTITUDES,
and occasionally a stout one has gone
Town under them, but on tho W'asie
5he voyage is considered practicable.
a few endeavOrs have been maado te
reach the same seas by q northwestern
course; some of the Adventures have
come back to tell of their defeat; some
nave left their bleaching bones aeaid
Polar ices to advertise their dsfeag:-
lot one has succeeded. He who should
lrge you now in spite of past expert
nee to ship by that route advises you