The Weekly Kansas chief. [volume] (Troy, Kan.) 1872-1918, 1878-10-31

| FIAT MONEY.
The "maddest (anti) Greenbackerin DouIphan Coun
ty, 90 far ~ heard from, ID Doctor "6tar," in tn
ButefiH Of week before last For proof Of my asser
ton, witness the following: ''The leaders of thi
Greenback movement ere nearly TO . man ex-Repuh
iicans, old Abolitionsts men who hate Democrat a
the blood of the martyr is the seed of the church
the misrepresentation and prosecutions profnsey
i.vished upon the Greenback party BY the mad par
t,zans Of the two old parties will be certain to helI
instead Of hinder its growth So pitch in, all of
abuse us, ridcule u.s. misrepresent our purpose AND
PRINCIPLES. BY 90 doing you are daily driving meI
against us-that We are "fat- in Colorado. Green
back in Kansas, gold-bugs in Mich, and the devil
Knows what somewhere else-anything to wini No
From Maine to California, the National party has but
one creed.
''Starr promises that, il the Government is turned
it will. LIST, repeal the Resumption Act. He doesni
want the greenback redeemed. Having used prac
teal "6at money for fifteen years, he likes it first
rate. The bare thought Of redesming il is repugnant
to him. All he wants, is for it to cay redeem, with
no law or provision to redeem. He wants it to lie,
upon it's f.ce-make big promises, and not fulfill
them-lke his decaying old party.
heartily agree with "Star,- in believing that the
greenback should not be redeemed since has done
30 well in its irredeemable career. But disagree
with him in believing that its moral character should
be ruined beyond redemption BY carrying the hdeous
falsehood he proposes to load it with Honesty the
cornerstone to commerce and industry. An honest
n
basis dollar that when go to draw the specie on,
the drawer tells you airenB-ronse h0scare and
puts his thumb on his nose. and wiggles his fingers.
ed, world without end. And so long that venera-
able fiction and humbug specie-basis, survives his
bills will be redeemed in the same way. The very
IDEA OF specie basis is fraud, to begin with. What
OBJECT s IT to banker to issue Thousand paper dol
lars, he keeps tas greenhorns supposed thousand
specie dollars in his vaults to redeem with Bank
Oil printing Is fearfuly expensive. His profit
sists however IN loaning out both the paper and the
specie and in the end redeeming the paper after the
fashion just referred to.
enough in clear sailing but in the first revusion,
where would you be p Well we could not possibly
be any worse off than speciebass would be- with one
panc-stricken at the closed door. The fiat dollar
stands as long rs the Government stands, and if
new govesnment was established the ruins of the
Old 1t would be very likely to recognize the obliga-
tons Of the old-to receive its paper for all debts due
the Government This has been true in Indel France
and undoubtedly would be in Christian America.
The fact Of the business is, that not in ten.
outside Of the National ranks has right understand
ing OF the fiat dollar And nine out of ten of those
who do understand il, are such violent obstinate
that they tell all manner of lies about it, to
make the confusion worse confounded. Our proposed
hat dollar is a greenback, precisely like our present
one minus its two dishonest features to wit Its
government regulating it for payment of interest
and customs, and its promise to pay, with the right
reserved to refuse payment whenever the party in
power sees ft to dose. Even if this right waived
(which cannot be dOne) exclusive greenback cir
cuiation OF $50 per capita, which is less than other
countries have, would give two thousand millions to
redeem in specie and two hundred millions Of specie
10 REDEEM with That is where one man il lucky as
to get specie, the other nine get-nir cum arouse
The specie In existence, within the reach or con-
troll OF our Government, is only onetenth adequate
to meet the requirements Of the country so that in
case Of panic, if she colspses with it all in her
vaults and goes into bankruptcy, nine-teuths must
icse Lhe panic or collapse argument against the fiat
dollar Is turkey that comes home to roost. In all
emergencies. the fat dollar is good or better than
the specebasis dollar If you owe the banker or the
merchant, or the Government, and tender fat money
in payment and it is declined at par the debt lost
Not 30 with paper that must first be converted into
specie. Give us the honest fat dollar bearing the
Government that il is impossible for bankers or 9th
debt of Nature.
The silver dollar is fat dollar The commercial
value is 81 cents. Without the stamp and fiat of the
Government, it is NOT dollar. With the fiat of the
Government, is is Que dollar. Ten of ten-cent
worth but thirty cents in the silver market Here
yOu get seventy worth of fat and thirty cents
worth of silver-a good deal of the fat than of
the old humbug superstition, Intrinsic raiue What
arc y0u going to do about it, you howlers and blow
ers about fatf The metallic ''ntrinsic value of
twenty nickels is fourteen cents-eighty-sx cents
worth OF hat to fourteen cents worth Of metal nm
Put that in your pipe and smoke it, ye screechers and
ranters about 'rredeemable trash Consistency nor
one abide with you, round about
you, or anywhere near you. Your partizanshp is
intense that you will swear that black white and
white is blaek-anything to bolster up your rotten |
old parties manipulated, owned, and controlled as
they are, by the Money Power
None OF these coins are rcdeemable! Not one +!
They are fiat money. The Almighty Fiat of the |
Government makes them money, and makes them a |
legal tender. The Government does not STIMULATE !
ordan or say that they corh dollar but that
they shall represent dollar, and be legal tender
for one dollar. That is all that is necessary. They
pay all our debts, buy anything want to buy are
rs good as the Government and will endure as long
as 1t endures. What more is wanted.i
We have had fiat paper money for fifteen years. |
True, 1t wouldn't pay all debts but it was 'rredeem
'rredeenable" Present it to its mother
for redemption and she wouldn't give you specie for
it. take it for taxes imports at ten cents ON
the dollar. But the rredeemable it is the bet-
ter it suits our friend "Star" who goes into eonnp
tons over fiat money. If We will only deliver the
it will, The says,l repeal the Resumption Act. And |
yet he flies at fiat money like mad bull at red rag
He doesn't like fiat money, because it il rredcemable
and he dOesent like the Resumption Act because it
says redeem. Strange logic! Star is inconsistent;
he belongs to an inconsistent party, and he wants an
Inconsistent dollar
The National party wants honest dollar-the |
honest fiat of an honest Government-not q lying
iollar-nOt repudiated dollar-not dollar dictated
by the vampires and vulures and illomened birds
prey of the Money Power, who have controlled the |
legislation at Washington for fifteen years. and who
are gradually sucking away the life blood of the na-
ton
Let me tell you, in conclusion of good rule they
have adopted Down Feast, for ganging human intel
igence Ask man if he is q Greenbacker, and If he
replies. 'ies, am Greenbacker but don't believe
flooding the country with irredeemable trash" You
can be certain the man is a fool who has wandered |
away from some idiot asylum and passed within |
hearing of a Republican or Democratic bloriator.
Y
We are glad these Greenbackers don't abuse any
III