The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-09-26
One of the most rem II lie


is that of Judge Harri i. 'avor of State
Banks, as consequence If i e repeal of 10
per cent. tax, as he pl~po,- ). 1t is that,
being deprecated o'Irren ~ the State |
bank notes would not scul tie outside Of
the State, but would be eturned as fast as
the mail and express co Id dc so. The idea |
of people desiring to 1--we currency that |
nobody outside of the Units Of the State
when issued, would wan or keep, and for
that kind of currency to &c made and sub
stituted for the present aational bank cur
rene, which Iasses at par all over the Union,
is rather astounding. What kind of pros
perity would that be which was stimulated
by pretended money which would not be
accepted as currency outside the State ?
How could values be regulated, or immigra-
ton be invited to the Commonwealth when
such a money system prevailed (? And for
such a system to drive out of existence that
now in operation Ia system based upon
securities that are unquestioned, expanding
the currency as the business of the country
demands, and represented by the created
NSoip.i Vi NdNh iOOGiits anu ltb W LhO az
sense of wealth and upon worthless prom
Uses which would never be fulfilled.
The common sense of the people will
readily understand the difference between
system of banking, operated upol the pow
erty of the people as its basis, and a system
conducted upon the surplus wealth of those
who may organize under it for banking
purposes, with one hundred dollars in the
United States Treasury fer every ninety
dollars of notes in circulation.
writer over the signature of "a. g."
in the Richmond State, is presenting some
phil osophcal and convincing arguments in
favor of an honest governmental system, land
against The greenback infatuation. From
his second paper, which appeared in the
State of the 18th, we take the following
paragraph, the force of the sentences and
sentiments Of which cannot fail to find ap-
proval from all intelligent, thoughtful citi-
zens
1.-THE proposition of that the greenback)
party is to issue government paper in the
form of money to make it legal tender;
to make it receivable in payment of dues to
the Government to make no provision for
its redemption in gold and silver, the money
of the world, and by issuing these green
backs to the full amount of the national
debt, to convert into money bonds of the
government now held as an investment and
bearing the character of fixed capital. Such
money, so issued, would Of necessity be IT.
redeemahle. 1t could have no currency or
worth abroad. Exceeding in amount the
needs of the country for currency, it would
depreciate in value. Being cheaper than
money of par value, it would drive all such
money out of circulation. Being money
which nobody could hold, it would excite
habit of universal speculation and competi
ton, in which the farmer, the poor, the ig-
norant, in short, all the Ion-speculators of
the country would be the losers in the grand
mob of gamblers, into which the communi
ty would be converted. do not propose to
confront with patient argument scheme of
finance SO wild and speculative"
A Tribute to the Memphis Negroes.
w "A
Washington Post of yesterday published an
interview with DR.. Ramsay, one of the physi-
clans who went to Memphis with the corps
of Washington nurses. but who returned
here on Tuesday, in which he states he had
been automatically informed that white wo-
men have to take negro men for nurses Crg go
without, and that such negro men nurses
have taken advantage OF their helpless white
victims. Mr.. Heating, editor Of the Mem
phis Appeal, having had his attention called
to the statement, pronounced it untrue, and
adds: ''No man, white or black, would be
allowed to breathe second breath after
such crime became known. No such crime
has been committed, and white women have
not been reduced to the necessity of oaking
negro men for nurses. The statement is
libel upon the negroes of Memphis. All hon.
or to them They have done their duty.
They have acted by us nobly, as policemen
and as soldiers, as we'll as nurses. They
have responded to every call made upon them,
in proportion to their number, quite as
promptly as the whites. A few of them
threatened trouble at one time about food,
but they were at the moment suppressed by
company of soldiers of their own color.
The colored people of Memphis, as a body,
deserve well of their white fellow citizens.
We appreciate and are proud Of them.'