New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1878-11-03
NEW ORLEANS REPUBLICAN, SUNDAY, NOVEMBER g. 1878

4
that legal tenderp Applause. It bought
| us an unmutiIated territory, it bought MS
an uncorrupted Constitution. Applause.
It bought rs a name and power among
the nations of the world which forefends
war and makes really all external defenses
for q long while TO come unneces-
sary. Since Midas turned by his touch
| everything into gold; since Croesus
amassed the treasures, no man has
ever got as good bargain for his
money as the American people got for
their legal tender. Long and continued
| cheering and applause. And now, step
| by step, patiently, peacefully, by heavy
taxation, by liberal payment Of taxes,
| Gncome and other taxes we have made
/ up the finances of the country, SO that
that legal tender is worth to-day all over
this country, what it on its face purports
to be worth. Applause And now that
legal tender no Republican will suffer to
be furnished, either by disparaging its
previous services, or by allowing it to be
so confounded with peace currency to
drown out the finance and honor Of the.
people as that its fame shall be confused
| in any mans mind. We made the legal
tenders to fight us out of war into peace,
1 and we will take no fat money 10 fight us
1 Oub VI RCuOO tAAhO "NAs lhPPA00o0 J
A WORD ABOUT THE GRRENBAcKs.
| Is there anything in the financial his
tory of this country, as conducted by the
Republican party, that we have any occa-
sion to find fault with Did we not I'M
6erstand from the beginning that what
was needed was money in its shape
in sufficient volume to keep up the
armies of the country in full vigor, and to
maintain the credit of the government with
its citizens? And what has become of
all those questions about impairing the va
lidity of contracts and violating private
rights? A nation in time Of war is en-
titled to the service of the whole power
and wealth of the country, and it is the
wisdom of the government TO determine
how it should best be marshaled, when
and where it is needed, and with suhi-
Gent strength. War interferes with other
contracts than of money. War separates
the bridegroom from the bride at the foot
of the altar, thus interrupting The sin
cerest contract of society. War beckons
the son from the dying bed Of his mother,
breaking thus the commandment with
promise, and shall we much agitate our
selves about these past troubles, as to
whether this country should have been
sacrificed to the necessity Of specie pay
ments, when specie payments we're incom-
patible With its safety2 This matter of
our greenbacks, therefore, is one that is
now presently limited to the duty of the
government to make them equal to gold
! and silver, and all subsequent discussions
are to find their place, as after that prob
lem is solved the interest of commerce,
the interests of society, and the obliga-
lions of the public faith shall be kept.
| MKT e oav,Ni sec IN %hof vuII
adhere. We know very well that il there
is anything that this people insist upon it
T is that they shall have paper money.
They want that money good, and they
know there is no standard for its excel.
lence that can be trusted except it is con-
, vertable into gold and silver. Applause.
! They wish to feel that they are not obi
ged to carry about with them the gold and
silver, but that they have the faith of this
t government that the paper money is
/ always and everywhere good. That they
, | are entitled to. That they will demand
3 from their government; and they will de-
mand a government that has intelligence
8 and resources sufficient to give them gooC
g paper money, and not drive them back tt
a the actual carriage of gold and silver OF
q their persons and in their chests. Zap
f plause. Well, it is very difficult to trea
g seriously this question of fat money.
Q do not know who believes in fat money
1 What is fat money? 1 can understand
n the miraculous power that can turn wha
i is valueless into value, but it must chang
s its substance. When you say that gov
:. eminent is to make what is valueless vslu
n able for its people you say what peopl
/ have never been willing to trust thei
% government with. You might as well ex
d pect people to trust their government
= with q question of when, and on wha
- means OF subsistence, and In what nun
It bers, annually or monthly, the people Q
:. the country should get married, laugh
n ter, and makes governmental instltutio
% out of marriage, as to have them say wha
" the people should consider valuable whe
e it is not valuable. Fiat money, of course
n involves the necessity that specie none
% does, that as in one case, specie being tn
Is money, everything is done on specie be
?. sis; so when fat is the money everythin
II is to be done on the fat basis. Laugl
70 ter and applause. 1t would make
it thorough revolution. You may remembt
1t that in the arabian Nights q story is toll
y by the barber of one his brothers, VIII
le being an honest butcher, and sellir
v meat, was waited upon every morning /
N an old man, with long beard, who pu
j. chased Just six pounds of beef and gay
Z him a beautiful, bright, WELCOME
o. money, so much more fattering in its a
le pect than the ordinary money which
< took, that he kept it by itself, and aft
y five months Of this prosperous customer
y dealing he thought he would go to b
Of box as he needed to buy some sheep f
g the shambles, and pay for them with tn
le money, and he opened his box and four
a it was all green leaves, clipped into
as round shape. Well, money to sell mu
ne ton chops by needs TO be money to bu
" sheep with. Laughter. Now, it is Sal
G. by the storyteller that the old man was
of magician, and he deceived the eyes Of Il
of whole people. Who is that old man
ir this country? Laughter and applause
ar He has long beard, daughter and a
an plause, but that is the only circumstan
rs Of identification. Well, some simple pc
be pie in q remote Italion province once wei
n to the Pope to convey their homnge, OIL
N the Holy Father asked them, ''My chill
lis rem, before you go to your homes, is the
of anything I can do for you that would il
to prove your condition." They reptile
its for they lived by their toll as husbandme
he that there was nothing that they woul
lis like much or that would be of gre
ed advantage to them, except this: that Il
be Holy Father would direct that they shou
he have two crops in the year. 1t was W