The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1878-01-09

ruinous to he paid with
WHY 20 you SAY SO
Because since We began TO use silver a.
mo.vy its ratio Ia weight had All values
togold has from Is times 10 20 times. 10
go no farther back than two years, .the
dollar " our fathers, has had ull values
from that ar 95 gold dwts down 10 that 81
10. And even now, hllspiie 81 tile united
efforts of all the ownersof silver veins, sill
yer bullion aud silver plate IL has lie va
lue OF only 90 gold cents that Is one ounce
OF gold has the value Of seventeen aad Ia
half ounces ofsilyer.
WHAT HARM WILL BE DONE ny the
RESTORATION or THE DOLLAR OF OUR
mia FATHERS?
Harm enough, and tina: irreparable. II
will he telling every debtor ia he country
that he can pay his debts with 90 centsin-
stead Of 100, n VIII tempt men 10 borrow
money, for IL viii teach them 10 force their
creditors 10 take fractions Of what they
promised. This forcing win weaken the
credit % every inail In Tile country. Rich
men will not nee,i..it, for they can, hive
without borrowing. But II will crush the.
poor man; for his credit 10 hisgreaiest bless.
ing. To be able, 10y law, 10 pay slehts.wltls
80 cents, or with 70 cents In the dollar may
seem TO be . good for the present, but 1t
will he cune IN the end II will assign
new and onsrous conditions 10 credit. No
new debts can be contracted on tile terms
al the old ones, 90 cents instead Of LOO will
will take ten CENTS In the dollar out Of
the wages Of every lal,nrsr-out OF the pay,
Of every cieik-out Of the salary of every
preacher aud teacher. "Cheap money!
means dear living 4a#41 s@"}
BUT WON THE RECONSIDERATION OF
SILVER DO ANY GOOD !
Oh. yes OF course IL will. Elise there
would not be any fuss made for it. Il |
will help every debtor TO pay his debts al |
ihs Gust of his creditors Itwillbe God.
send |" the German Government which
has piles Of silver TO sell. Il will he the
biggest "bonsnza" ever struck, by oar
silver miners. The Sutro tunnel into the
mountains of Nevada. and Meigy's Rail.
road TO The mines of Perm will enable
their owners 10 such mol,sses candy and
swing upon The gales" AL day long The
Countries that buy our tobsceo, and cotton,
aud pork. and heel, and corn. and fiour,
and kerosene. will paw Ms 90 cents In the
dollar. but when we buy coffee, or
sugar, or spices, or silk. or wool, or tin,
We will have to pay 100 cents in the dol
lar. Silver instead Of gould. al The ratio Of
1873. will make tie rich richer and, the
poor posfer.
BmV creditor lent money worth only
20, or 80 cents ia The dollar ought he TO be
dtiored 10 demand 50. or IS, or loo cents !,
This seems To he hard. But II in the
inevitable aud the universal condition on
which a.msn. burrows money. The well
known law 10 that the borrower must Day
In what is legsl.iender when pay day
eomes. lfhe does not like the law be
pughi not 10 barrow money. When .
man bormwa money he knows that he
runs rick. nc the money IL cheaper
when lie pays. than when he borrows, lac
saius and hs creditor loses lf II Is dearer, [,
he loses and his creditor gains. This
hardship. either To tie debtor or 10 the
:redilur, slows That there ought To lie but
me standard of value-.hat tile dollar a
man promises to Iiay ough; 10 lie the gold
lollar. Then man will know, as surely
" Nature Will let him. what on any given !
lay lie il 10 pay and what he Ia to receive.
The remedy ior the distress that Is In the
country ia 10 be found, not In imposing q ,
lew legal tender onus, but In "scaling''
lebts, that Is, Ia ascsriaining, as near ~
may lie. what was the value In gold of the
'reenbacks when narrowed aud allowing
he debtor 10 pay hack greenbacks ut the
anie rate. Thus will substantial justice !
V administered. although Il bs uut what I
= usually legal. The advantage oi this !
Ian lies IL liz adllcring 10 common sense a
u Its decision as to unity In the standard I
4 value. = ASA g IS
Do you think atatta dollar Of our dad. 9
dies WiR NOT do for u.s. Nv
II wiIln0t. No more than the ciothes
hey gore, o. The sassafras they drank Of
he gigs They drove, or tle plougls They
sed. or the newspapers they read. or tie ]
ooks they studied. Onr daddies were h
Quest men and they did the bert they I
ould' When their dollar did not have !
nough silver Ia u they put enough.
heir dollar was an honest dollar. Ifby !,
the dollar q ouf daddies" he meant an =
onest dollar Il ought to have 40 grains :
Z pure silver Ia Il Instead rof a7u. But, :
eca1se experience MI over flie world
bows that II Is hard to keep the silver -,
oilar honest, 4 ssy II Is better not To keep :
ag.aU ~ 4 III