The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1877-10-18

get, say one-third or one-half of the out
standing greenbaeks into the treasury and
bury them, hoping TO be able TO resume specie
payments on the balance; any school-boy
could play that trick, and then boast that
he had given the country specie payments.
But the people want money enough 10 do
business with. 1t is the duty of the govern
ment to provide it. 1t is conceded that the
government cannot give us enough gold and
silver.
Then it becomes the duty of the govern
ment to give the people what gold and silver
il can and a stiGcieh amotint of paper
money in addition TO supply the wants of
the people.
1t is the duty of the government to make
both silver and paper money as good as gold
by coming silver honestly, and making its
paper money equal in value with gold, by
making it a legal tender for all dues, and
convertible into coin, or into United States
bonds bearing a low rate of interest, so as
/ to prevent contraction and keep the bulk of
the currency in circulation.
The enterprising population of this cOun-
try must have an abundance of money. No
common sense man wants an unlimited issue
of paper money to be distributed through
the mails free; after the fashion of distribut.
ing political documents Just before an elec.
ton. What we want is that the government
issue all the paper money which sound
Judgment, founded upon experience, NAV
determine is necessary TO restore the pro-
ductive industries and general business of
, the country TO prosperous and healthy con-
dition, and not leave the business men OF
the community to depend upon the fiuctuat-
ing national bank currency. make no war
upon national banks. | cannot see how
they are going to be harmed, for ii is evil
dent that when resumption comes they will
. h2N rhatr rI1p rpr1.y nj nT he al Al !
! the government should issue money TO take
the place of their currency, they would be
no worse of, and the people would save
S25, 000,0 900 or whereabouts of interest which
it now pays Oh bonds deposited by national
banks to secure national currency.
A great cutlery of imitation has been raised
against currency convertible into United
States bonds bearing low rate of interest
But Secretary Sherman says il would pro
iuce contraction to make greenbacks con
vertible into per cent. bonds The bust
ness men of this country will not be foolish
enough TO put their money into wild specu
iation. IL they cannot use their money tC
advantage they will convert it into bonds
till they find chance to use it TO advantage
The people are demanding a thorough re
form in the laws relating TO currency coin
and they will have it. No common SENSE
greenbacker wants deprecated currency
/ but he wants the government to issue a cur
rency which it will take itself par with
gold. 1t is an insult to the American PEG
pie for the government TO issue currency tC
circulate as legal-tender and then refuse it
/ Let us have honest laws made for the people
and not for spectators alone. All the diff
Guilty about money is directly chargeable tC
the bad leglsl att on of the republican party
If the greenLack is justly called rag-baby
that party must father the baby. Why has
not that party given us specie payments
/ long ago? The secretary of the treasury has
sold on speculation in Wall street millions
upon millions of the peoples gold. Why
was it not kept to redeem greenbacks? Lei
US have equal laws for all, rich and poor
alike. PrOtectthe workingmen by Just laws
/ The rich mans money when protected by
/ just laws Will take care of him.
Laws OF congress other than those relating
to currency need revising. Men who talk
OF imitation ought to know that our high
/ protective tariff has caused more initiation
/ than any one measure in this land. 1t tends
! TO increase the rate of interest in the great
west by attracting captalinto the mammoth
manufacturing establishments in the east
! thereby preventing the growth of manufac
| turing in the western states. 1t has crippled
| our commerce, desolated many of our finest
| harbors, and reduced to poverty and want
| thousands of our best mechanics and labor
ing men. 1t is the duty of the democratic
| party having within its ranks large numbers
! of honest and intelligent liberal republicans
! to prosecute, with unabating zeal, the meas
ures of reform to which it stands pledged
We have had too much legislation. Let u.
repeal all laws which tend to advance the
/ interests of the few at the expense of the
many. Let us repeal all laws which tend tC
create or foster monOpolies. Let us protec
| capital, whether in the hands of individ
uals or corporations, by just and stable laws
and above all, let us protect, by all reasona
bic means, the laboring man and people gen
orally, against all unjust measures which
rich capitalists or wealthy corporations may
attempt tie force upon them.
/ Let impartial Justice to all be our motto