New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-11-01
though the bonds did no. purpOr be payable in any


The Texas Indemnity Bonds matured in 1862 the the,
and others 1874 oil we're paid 10 gold corn. tne Toi
lion exorrssd upon one Of these bonds in the acts
under when they were created 10 p2y them ~ soh, ;n
S %neh premnm. epeeRbaeks were legal-tender for
all debts public ard private except customs
and mere interest ON the public DEBT: The wOfld eau
bnt adnIrc the sacrifices which made to preserve our
faith by paying gold every one OF our ooIe. o"s 20
no ater what nation held them, or az what low price
they were obtaDed But this year, whth IL VAS ulsco
ereh hat nearly all OF the Government bonds had re-
rnad rom Eirone and were held by own citizens
and the premium on gold had @ ~ 49,
and when 1t was known that every one OF .hese
bonds lad been paid fOr III gold ~ par o.
above the Congress passed law over ths , %
veto which compels American citizens 10 accept de
prfcated silver bUtn for tho principal anu ~
lie bonds even though the silver may Ia ~ IN Nv
below the gold which they PAID Tor tho onhn ~ wiz ma
an pace m history for our children 10 rciu
thai after the American Governments h.t pan ~,
moaiy 10 forelgners) One-thrd OF lis war dept III gou
t rr'ons ntenn,p aud the greater part OF the re-
nIainder NJ tne bonds having been PAID Or bS 1e peoPo
M me United states gold, the GoVetliheh' turnsu
~ H., trusinw citizens and compelled them to take
SILVER FOR their bonds, worth less ~ h'J ~,
dular than the gold which the Government hau
Two wears from this there win be Presla.ntii eiee
el, anu Lev have bsen treated with justice. We are
slpW 10 ierceVe tie results vi causes "uS, 90. -
ami Or,dn.l IN their action; did not realize thai 10
, la mon OF lie currency between 1859 aud 1873
must surely bring disaster; ana We uld MOI scc Ia
sfiii fSther nnaun of 1874 would Ouly intensity thr
snGor,no. and question whether we are no" h"aAe !"
the fac that we turned me ice anu lo on
INC wave Of prosperity, likely TO increase anu continue
- o. wi, retnlutely insist thru the Silver Dill sGali De
amended ana that new issue % paper mont! s'' "
,not, hv me Government. -
n ny t link mai we arc blind glorious herr
taoe or Iorretfui OF what have achieved or snont
81 Inc boundess resources when we POSSESS! IdA We
.'o Pbt .ffer Tho ~r,nt war when the Governments
m funded and unfunded debt pweu thFe' 'housh'i -
lions OF dollars we went hraycly 10 work anu "hs
th" sHor Tim, have paid OF thousand millions OK
che debt nd that We nave so fcuuccu t.o 10
make lI ffiy-six millions year less tOah IL War Will
Timers il no parallel the history Oi bdiiohs' WV
may The London iinies say, us IT. lltei ut ~ IN ne
me1cng Ieahng article Z" The Uhle'l states arc tiio
rchrst Nation on the race II the earth" Aud with il
tie patience ana statrsnansp, ever clZtn VI 'i
great Republic feel proudy as did tne i,
ed Rooe heu in any part OF the world he deeied IL
prott ctlon TO say: &" am Roman ct@'h'
SUFFERING From FLUCrUATING CURRENCY
No class OF the Community suffers nan 80 uucn ID u"
inflated trredecmabe. and hence iucuatins currency
IA the aboring cass The broker, the banker TIE man
of wachful skill in Hnance-tho rich men can take caro-
a, thc,oselyes: yca-and make money BY the nuctua-
+ious. the laorer has no chance under such system
mt TO DO kent In grinding poverty Tell me- laDof'i
during these years OF paper expansion ana hEu "hFe'
did YOU save anything for the days OF dHRhess ""''H
began in S73 or course you did no you c'1''' N0'
Dy an memorable RUE. paper money ncrohses S
purchasing power a'V Ss,es Tor which YOU CONTRACTED
at The beginning Of the year would buy not near -
much at the end, ana fad yOYY Your wife and CHI.
rpn needed the same food and clothing as they uln
vr non no same would pufcnusS Twice 80
Nv the courtesy OF President OF tho Produce E1-
change and by the kindness Of great neTchaui 81 t"
York-one OF the greatest IN ne Woini ma,S T
tables showing prices OF food anu clohng Nv
the sO-called PROSPEROUS years up to tns GATE ihse
voiceless figures tell tale Win nofe eoIehhoo TO-
any words OF mine, and they tell "hat you may 'o
gotten. ., ,,. ,sy,,u, s-raen.
backs and wages were hgh. the average price, vi ~
norE for the entire year was 1893 - barrel ana OF
-four g SO barrel SuG h, sas thai we are at specie
payments, and the dollar winch you ss' iI Sp'i.
IS d9ar ana tne porn orr Snx for SO so and the aour
which would then cost you - 90, yon can no" get TOT
Brown shcetings which sold at TILE cents yard now
sell at III BcaCied sheetipg-. WI cn s"d NJ - w >"
c.ufs per yarr. c III low Oe had fur lOi2 CENTS ,
Tho nest cacoss. which sold at 30 to oil GEMS yard
nov sell at 5i2 10 u cents ,,, -,. ..
From these tables ! might multiply examples, Dut
will detain YOU fou see whyyou c"uu nOt AuPP1a
your families and dollar rom your wages III we
nu.l times of paper expansion. lrredeemaDe paper
money Tong forced upon nation viii reduce the IreO
IaOOrer 10 a serl. -.-..... .-.. .,.o, ,.,ot,
than tLat of Daniel Webster, said " or all con
trtvanccs for cheating the laborng classes none has
pauer muney." BE not deceived the laws OF nsiufS'
inc laws OF Justice thu laws OF God VIII not be VIC
fl ynulI sren strange that IN this year Of tho world
IA necessary ~ argue that tue passage OF Laws cuud Oc
other than crime, which cOmpols 'hr cttzen 10 receive
instead OF 1000, Whlch was Ase W ' w., -, h.,
work doue, ;he promise OF food whca was MOI 70 ~
kept that money, any more lhah shP u" hc'OA w
made by 4 nat ~ Congress -.
Tor, If about rfedeemable paper money IA not no "
II prevailed in emma 700 years ago; u mas nj some
time appeared In nearly every cOmmrrclsl country OF
Eurou: II existed In continental days oi our bis
,or n ha. brought every nation 10 the verge of ruin
that adopted IT. and they Ouly have been saved that
abandoned the pernioiOus fallacy.
THIS great people. Intelligent ana rFoIea
with blessings before youehsated 70 any nation
hos set IT'S face right direction. and after ali the
and through which 10 has psssed
and now on the very edge OF the rising wave which Val
ft 1t upon the rock OF safety surely VIII not SINK BACK
into tho returning tide OF run AMI distrrss
Tne gree nbac ok fiat money
Marty Will soon disappear lcayinb only the enbodi-
Of it, UrfU
FRAN:
Beofstsskr when Ire hungry
Whiskey when fZeary
Gresnbacks when PLo hard up
Yea-alerz Till die"