The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-09-26

llulolld lspa|1tf'
,rH, mn .sEPTEsfgEa 90 ';
syrorn the st. louis Postl
ssa,a vgasktnRSaan and tile CURRENCY.

The W0fMlmBEkS0 s6ksta 49, s.ssss, $3.50.
III the workingmen of the sUnited STATES
could bc made 70 uni erstana sne eu ..s
question they would ne TOT res ps'on -
e Z , a,,e ~ she less obvious but uone the
I isss real. az Inc n,any ways in which the
reenhaok currency has nfiicted upon them
jsnsaicsiiahie damage The savings bank Is
one Of tie pillars OF modern civilization.
It fs the hope OF the poor. 1t Is the per-
s,,asiye preacher OF econorny ].
1t is the NEST efficient teacher OF some OF
the most valuable lessons in lie. IL Is one
OF the most powerful engines yet invented
for Hitting the masses out OF the slough OF
poyerty and setting them on their feet on
fhc firm land Of independence. TO the
toiline millions the savings bank anu the
pripcip,c embodied in it ought 70 ne
sacred. They should be taught to look
upon whoever and whatever lays yio.
lent hands on this institution as their
most deadly enemy. How can confidence
exist in the absence OF all security for the
inst repayment OF deposits? What motive
has the tired laborer for taking bis scanty
savings to the bank when he knows That q
mob OF raDting demagogues may, under
the miserable pretence OF issuing - cur.
rency commensurate with the demands OF
commerce and trade and the wants OF the
peopIe,', rob him .of percentage OF the
fruits Of his toll? "It Is rs monstrous 70
strip man Of his savings as to reduce MIN
TO slavery" :.
The thought OF future comfort and lei
spre. the hone that by present toll and fru-
calify and self-denial he may lift himself out
OF the slough OF poverty, nerves the arm OF
the weary worker with fhreefold energy.
Destroy this hope, create suspicion in his
mind that by some trick his hard earnings
NAV slip from his grasp and go to swell the
ill-rotten gains OF some subscriptions specu'
lator, and he will sink int an apathetlc de-
snair. consume from day to day the entire
product OF bis daily toll, die a pauper, and
leave his children heirs to his hopeless pow
erty.
There are thousands to-day all over the
country depositing, from week to week, and
from month to month, portion Of their
earnings in savings banks in the hope that
IL will come back TO them after many days,
not only unimpaired, but increased IN Yalue
by the interest accrued. Whoever encour-
ages that practice is public benetactor'
an enemy TO civilization. You discourage
II by YOUR clamor for imitation and deprecia-
ton BY demanding tickle, unstable, fuc-
tuating currency; currency whose value
no man can predict; currency that
yitiates all calculations about the future by
introducing an unknown element; cur
rency. that says to every laborer, every me-
chanic, every clerk, book keeper, salesman,
every teacher or Clergyman, "Spend as you
GO. If you save anything and loan it out
you cannot tell what you may receive in
payment. What good to deny yourself for
the benefit Of others? Eat, drink, and be
merry"
There are thousands and thousands OF
these classes saving and lending part OF
their scanty earnings who would cease to
save and lend and begin to consume and
destroy If they really believed that the doc
trines Of the Greenbackers would be carried
into practice, and the Government would
violate its pledged faith and refuse TO keep
its oiten-repeated promises.