The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-09-30

eve demHfId that 1ll DO nos now due and
] parable shalll pun Chased BIZ The Treasurer
Ias rapidly asnnssibl BE at market rates and
cancelled. We recommend that provision
be made Or ffaaiNi law 4aeF che issue OF 1s-Green-
backs Fl oh, Eos fsr thgr issue OF absolute
money, By the, Bhited Stutes under proper
trestric ff6ns tionstd eioanett0fbe
States; counties, and cities at the rate Of two
per cent. per annpms on certain YelInIary
debtedness and relieve the people OF the OPP
| pressiye burden OF taxation
Now, Mr.. Hill Is constitutional lawyer,
| and would like to KNOW where he hnds
the mower ir'the Constitution OF the United
States to put the Government down as q
| broker, TO loan its money to States, coun-
| ties. and cities at two per cent; Dut even
waving constitutional right, / would like
to know where
| =. THE SECURITY WOULD CONE FROM.
Take a little town. suppose it would
1 rive the town pump. I suppose the county
would give the county jail and courthouse,
and whenever the Government got tired OF
4 waiting for Its pay and foreclosed the mort
gage, there would be no place to administer
Justice aud no place to put fellow In II he
was convicted OF crime. -
Now, Nr. Hill has got this clause up Tor
the single and sole purpose OF meeting the
demand OF seyenty-odd debtor-oppressed
and bond-ridden counties in the State OF
Missouri. He knows to-day that st. Clair
county is almost in state OF revolution,
and that JEFF. Younger is going through the
county with this platform OF the Green.
back Labor.Reform party In one hand and
a six-shooter in the other. (Daughter.l
They have destroyed the textbooks and
forced the County Court to resign,
and threaten the assessor with death
and everlasting destruction II ne under
! takes to assess anybody. and all in the
name OF the Greenback- Labor Reform-Ab-
solute.M Money party OF the country. But
MFR. Hill, not satisfied with that (and here is
the trick in it that catches everybody, pro-
noses to tender to the ondholder-what !?
Absolute money-paper-money to pay the
national debt; and If the bondholder re-
fuses to receive the same in payment, then
CONGRESS is to make provision by law to
loan such money to the people at the rate
OF two per cent. interest, and thus, OF
course, The laboring man is relieved.
lLaughter.]
NV fellow-citizens, during the late war
there was some suspicion that the quarter
masters and commissaries were not as pure
as they might have been, and there has since
been some intimation that the Internal Rev.
enue Department was slightly mixed; but
the question OF the personal integrity OF
every one OF these institutions is as pure as
the virgin snow that falls from heaven to
earth sDotless and stainless, compared with
the system that would be inaugurated IN
This country II that last clause in the plat
form would be carried out.
IMAGINE IT;
/
| every township in the United States would
have an agency Of the Government to loan
money to everybody in dcbtat two per cent.
| on voluntary security; and here would come
some fellow with brindle cow, and an
other with bob-talled pony, and another
with forty acres Of rocky land that did not
| have enough vegetation on 1t for dog 10
scratch itself, but the Government would
have to take 1t rs security. would, IN
such case, rather he one OF the o1hcers OF
the Government, for money-making pur-
noses. than to be Secretary OF the Treasury
with Eve syndicates thrown in. Why, they
would steal everything in this country be-
fore they were done with it. They would
take the gold plugs out Of an honest mans
tooth in broad open daylight.
Now, il there is anything true in finance
| at all, it is as | have already stated. that
whenever the money OF the country is IN
excess OF the demands of the business there
! are fictitious and fluctuating values. and
| the money OF the country becomes depre-
4 ciated, because its producing powers are
taken away from it. II the money OF the
I country is too scarce for the demands OF
business the producing power OF the money
OF the country is too great, and the value
of the property of the country becomes too
/ low. Ii the money OF the country is in en-
cess Of the demands OF business then that
money becomes deprecated and the pro-
perty has fictitious, abnormal valuation. =
I recollect, and no doubt many OF you
have had the same experience, my old
grandfather told me, when clambered over
bis knee as child, that he fought seven
years under George Washington in the
Revolutionary army, and when he Went
back to his home in Virginia he could not
buy breakfast with his seven years wages
as n Continental soldier; and il any OF you
had the misfortune to have taken with me
the losing side in the late unpleasantness
YOU know something about Confederate
Emoney. The last purchase / made was the
| mcanest horse, think, ever saw, for $751;
$50 rlauohterl. and it was the cheapest horse
7 ever bought, and if l had paid S16,000,00O
for him he would have been cheap.
The money had lost its purchasing
power. It had become so much in
excess Of the demands Of business
| that it was no money at all. NOW, now
much money does Mr.. Hill propose to
issue? He proposes to pay the national
debt and to loan enough TO counties, cities,
and States at two per cent. to pay of their
debts, and then loan every individual cltl-
zen in the United States enough absolute
money at two per cent. to pay his debts.
And what does it all come to? $4,000, 0OO,-
900. Why, the largest per capita dlstrlDu-
ton ever known among civilized nations
was $40 per capita, yet when he brings us
out OF our State and other indebtedness, we
find there arc 100000 OF people in the
United States; and il we DIVIDE S!2'ooO,-
100000 among them, it gives $4,000 per
capita to every man, woman, and chlld:
| lLaughter.1 Why. my friends. Continental
money would be worth 500 to 81, and Con-
federate money at large premium. Four
thousand dollars per capita! Who suffers by
THE DEPRECIATION OF THE CURRENCY?
Not the rich man, because he lives upon his
income, and still drives his carriage, lives IN
his house. and has his fine soups and wines.
He can stand deprecated currency, but who
suffers? 1t is the workingmen OF the coln'
4 try; it is the poor men OF the country, pc
cause, while their labor does not go up IN
price every article of consumption, meat
. and vegetables all advance, and the result
comes at last, as it did in the Confederacy'
where meat was $40 pound.
THE WoEKINGMEN
of the country, with the pallid faces OF theIr
wives and starving little ones, are the people
that Mr.. Hill is robbing. They are Inc
people whom he is running to-day by MS
ic