The Carbon advocate. [volume] (Lehighton, Pa.) 1872-1924, 1878-10-26

We met "grecnbacker," says an ex.
change, the other day, who was loud on hard
money. lie was "greenbacker," because
che was broke, and didn't care what became
of things" lie lately failed in business,
and his creditors took his property. 1t is
men Of this stripe, who by mismanagement,
are low in earthly estates, who cry for more
gyeenbacks. Herdic's speech is being circu-
lAed as an argument in favor of the green
back lie recently failed to the tune of ST.
900 900, and now he is a greenbacker. A
lobbyist of the worst kind, wants to instruct
the honest voter how he shall gain wealth.
The man who secures dollars must secure
them honestly. The printing press which
makes greenbacks by the thousands cannot
distribute their face value without some
equivalent, and the loud-mouthed orator
who cries for more greenbacks cannot secure
them BY asking for them. The greenback
the people demand is that Of equivalent
value with gold. The honest payment of
the public debt is the honest expression of
honest people.
The New York Tribune puts and an
swers the following current question thus
forcibly:Were there no bad faith in the substi-
tuition of greenbacks for bank notes, and no
injustice 10 bankers, anu no wrong 10 oohu-
holders, and no damage to the public credit,
az ari' u HI'o. g,mos 'i f,tai
from the combined forces of dislovality, COM
munism and iobbery, yet even then the
change would not DC wise; Inc 9ahk 9S, o,l Glrcu-
nan ,,H, Lonm l,r II oni oniy by loan: and boving
their private capital at stake. cannot afford
to lend where loans are dangerous. Ifthere
is not legitimate use for more circulation in
| business transactions the banks, as whole,
will not issue more. If there is, they can
now take out as much more as can be safely
and proftablv employed. Thus the bank
circulation tends to adapt itself to the real
and legitimate needs of the country. 1t
cannot be forced into use bv mere legislative
| iobbery, But the greenback circulation
| has no such elasticity. 1t can in no way be
made to rise and fall with the actual de-
mand for currency in safe transactions. On
the contrary, the only force powerful enough
TO secure an expansion will usually be the
desire to carry some great scheme of plundei
which can nav labbvists and bribe Journals
and congressman. Ii is elastic only where
il ought to be most unvielding, and can
neither contract nor expaud where there i:
the greatest need for contraction or expan.
sion.
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nus
IN daily reading and conversation that II Il
perhaps well to furnish someidea of what is
meant by the term, especially as 10 definite
meaning can be gathered from the diction,
aries. Recently Secretary Sherman said he
hardly knew what the users Of the tern
meant, but supposed they meant " irredeem
uGiG pa ~ lPi;i ;t S,o "t "S IL nI,;
,IJ ml,,"V Ia ,ny tlUn,Ie II; oo;, ,% i~Jaod !,
Mouu oe ie,;ee'i'n ~ IUi nI w, ,i''I, p,,;n ~
4hy thlnS ;hole "a .;, ;'',' .
M nos tellufeu ui"i iutLuGa eN i"n"'oD az a., +"
Ine eFrii, III wi.e' 1I Ie oialinS W ,nt ~ ol
Io,v % VI 'ho 70 80, ~
.Ill7 uS S,av e,le .e,' la. - ,uNen 'tIs n
t'le " '1 =. ''''u quo
20 NiiS f''"9N l,"' Nv" "N"''' - N'
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