The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-10-01

IHE 1EShMUhSA NUolIAztkAs
locality by the richmond u 7sig seem TO DC
|unawase: 81 the riiicnle that lis heaped upon
their nonsense by the most oninsnt ma
influential statesmen oi both the great par
ties a. the land. The papers are full Of the
most pungent, osical and unarl sWerable
[satlres and afg uments bringing the green
baek ex,rsyaga nce inc contempt and the
3reentackess thenseiy into bathing.
Here Is Il fne paragraph which we clip
from the speech or the Hon. Mr. SPRINGER,
4 leading Democratic member Of the present
Congress from Illinois, and q candidate for
|reslectiol. BE made his speech at Meredo.
ella, lii that state, on the 27th ultino. we ",
refer tile extract from It which we present
below to the meek so-called statesman and
colonel Of GbickahomiDy, who has been 20
nominated by tbirtythree seli-appointed
delegates to represent this district; and we
refer it also to hoodluma generally. .
(, Mr. SPRINGER said: s.ass
But IL it is proposed that Congress shall,
bv Legislative fat, cause to be printed on
fspieces OF paper the words, /" This Ia dol
llar,0 or This is one thousand dollars"
and sa legal tender for all debts, pu biic
and private and make no provision Tor
honoring such paper by the Government ie as 8
individuals honor thcii own paper. then L
confess my inability to comprehend how y
Is possible that such pieces OF paper can be
made to perform the functions OF clrcu-
|iating medium. A moments renectloD, IL
seems to me. will expose the aDsurdity OF
the proposition. Money is thing OF vaiue.
With it all men may purchase, without
labor, the necessaries and !uxnrles OF me.
II Congress can create values by legislative
fat, thenlet the good work begin at once; let
every man be made rich by act OF Congress,
and then will the millennium have come.
IL could be convinced that sucn scheme
were practicable, would not let leg1sia-
| tive day pass without abolishing poverty
and making every man as rich rs CrGsus.
| But it can't be done. Congress can create
| q debt. but not values. The greenback that
saved the Government IN war, and meets
so perfectly the wants of trade in peace, i
an evidence OF debt. promise by the Gov
eminent to pay the bearer for services rem
dered or value reeeiveA--to pay dollars, and
dollar is defined BY the statute to be 4l2f
grains of standard silver or 25.8 grains OF
standard gold The people will never con-
sent to giYeup this greenback, now suhstan-
| tiaIlyat par with coin, for some new lnven-
tien-a visionary tat money, which, II IL
were even possible to put in circulation,
would soon prove in practice deiusion ana
fraud. 80
Somuch for Mr.. SPRINGER. We cannot omit
the opportunity to add to the above the fol-
lowing passage from an interview with
Senator MCDONALD DemocraD, OF Indiana,
which we find reported in the Chicago
Times
I am not soit-money man, nor yet an
extremely hard-monep man. All TINS nat
money business has grown out OF the neces-
sites and the hard times, and as the times
improve the soft-money mania will dlsap-
pear. People in general don't want de-
n.eciated currency. Agriculturists don't
want it. businessmen don't want it, and it
won't find lasting favor anywhere. But the
condition OF the public mind just now ON the
financial question is very much like that OF a
patient with chronic disease. He is willing
to take any patent nostrums that promise him
relief. So with the people on the soft-money
theory. They think that anything which
will give them relief from the impecunlosity
they have felt for so long must be good.
In my State the soit-money deluSion has,
I think, reached Its climax, and is on the
decline. The Greenbackers are gathering
no strength, and the number Of those who
believe that the Government can say, " e
Pluribus Unum; this is a dollar" and thus
make currency. at will, is steadily decreas-