The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1878-08-22
IA Plan for nm lEEedeemable Cur.
reneyand Plenty Of Il.

Eeocylan1 Ekent u ~
Riehnondl DiSpaieh .1
As our readers know, We have careful
Iyeximinsd the arguments Of the Green.
hackers and Gtwo.ioot-deeP' irredeem
abls currency men. We think we hay,
hit upon . plan by which the people o
Virginia may enjoy all the blessings o.
such a financial arrangement without
waiting for dilAtory congressional action
The argument is that money is only at
idea; that tits only a measure, or pound
weight, which msasure Is aseertained AnG
declared by the Government TO be the
measure Of value, or length, oil capacity
or weight, As the case may be. The Gov
eminent declares that such and such
shall be a yard, or q quart, or 3 pound
and therefore the Government can equal
ly decide and declare what shall be adol'
lar. Such = declaration Of the Govern.
ment Ia, its fat, and hence we have fGI
money. And as = yard-stick may be
made OF iron, copper or wood, and q
quart.pot Of silver, gold, or tin, so may
may the. measure Of currency be
as we'll made Of any material
the Government DEGREES shall be uSed,
And tits equally clear that the Govern
ment Should select the very cheapest ma.
terial that can befound for that purpose
material that will cost least 10 pur.
chase, and which can be most cheAply
printed and marked.with the signs which
The Government intends TO indicate It's
measure Of value. 1t Is likewise insisted
that these tokens and measures Of value
must onlybe receivable and useful ViLhin
our ovn limits, 30 that nobody outside TN
trant them. II they are considered desira.
bic by foreigners, they may In time ab.
serb them, and put US to the trouble and
expense OF printing more Of them, The
use Of gold and silver has on this account
proved excessively in%convenient; for the
Bank Of England, it ia said, and other
foreign flowers, seize and hold just as
much Of these metals as they can, and
hence we cannot keep them. Hence 1t is
assumed 10 have been proved that the
Government shall issue measures OF value
for dollars which shall be irredeemable,
and which it Ia justly believed nobody
outside Of our borders will want or, in
fact, will have ni s~t'i7F9-'7'h
THE ~quAptity Of these dollars to be
issued By Government has been y%arions-
" estimated. Some philosophers think
that,6ity dollars per head TO each man,
woman and child will be- enough. II Is
clear; that they are in error, and that
their financial vision Ia obeeuredby their
own embarrassment in the payment Of
their ihead.tax.t They think that II they
had one dollar TO pay that, and forty.
nine To- spend, II would be enough There
are others, however, Of broader views
and wider p~rescisnce, who insist upon
one shower OF greenbaeks-a small freah
Of currency, say about "two feet Deep
Bot this idea also is evidently% erroneous,
and is muddled up with agricultural ex'
periences as 10 the importance OF one
shower In tobacco planting eason Ono
shower never was enough for anything.
Every one knows that IL only starts
things, and must be followed by copious,
frequent, and deluginy rains. One show.
er, indeed Two feet Of greenbacks,
when we have seen the noble James rise
twenty-five feet.
What we want Ia eaoaqh-enough for
everybody, enough for everything: Do
not let us be cut down to = tifty:dollar
allowance or to \ o%ne-shower food. E
7, The plan We have hit upon, therefore,
is'for the next Legislature to pass q law
directing the Treasurer to issue forthwith
Virginia lerdybae6 in the similitude Of
bank notes, on which shall be clearly
printed "The Commonwealth Of Virginia
declares and enacts that this is n dol.
lsrt." There shall be a sufficient quaint.
ty Of them printed 10 supply. everybody.
They will cost the State nothing, for the
paper and printing can be paid for In the
iat money itself, perhaps. and Mr.. Hunter
can 90 on indefinitely printing moregrsy-
backs to buy more paper--buying more
paper 10 print more graybacks. So the
printing establishment will be n perfect
selt~.sustaining machine.
This will not be any increase OF the
State debt, for there will be no promise,
nor idea, nor hope OF any payment. II
avoids the great difficulty oil how to get
the greenbacks into circulation; for the
Virginia grayback will be furnished
without cost to all applicants, and it will
be unjust to the people TO require them
10 pay interest on, or to pay back, the
currency which has cost the State moth.
ing. Thus we shall get'a currency ire.
deemable and local, and will get enough,
| We might pay of the State debt with it,
too; but that requires further consider,
alton.
This plan must recommend itself to the
Greenbackers, for II has all the virtues
nttheirs, and many others in addition.
II local currency be an advantage, the
graybscks will be superior to the green
backs, for we pledge them u word that
they will not be received by anybody one
inch beyond Virginia. Ifirredeemabtlity
be a necessary quality, the g~raybacks will
be n laundering sight more irredeemable
than Confederate shucks.i III cheapness
be desirable, Mr.. Montague, president Of
the paper mill, will make paper cheaper
than itcsn be bought anywhere. 30 in
locality, irredeemability, and c~heapness,
the Virginia grayback will excel the ma
tional ~greenbAck. But then look at the
tremendous advantage the grayback plan
haa over the others-your petty fifty.
dollar fellow, and your shortsighted,
miserly- ope-showere fnancier. Wespro.
pose to give people enough, and no man
can tell what Ia enough for another. Each
one will decide for himself, and will help
himself to enough accordingly 10 his own
ideas, None Of your cheap fifty dollar
meGnnessor miserable fro foot Jfehss for
naT.XYla - -HIllg