The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1878-02-06
MIR he Pecortler

Most heartily, Mr.. Editor, I'D assure
you that we are working for the same
end, ''lhe preservation of public credit |
inn ready 10 argue on your eide all day
loug aud MI nighttoo. and everyday aud
every light. fur''a silver medium equalin
dignity aud Proporiionate value with
gold X We wili Il you please, enli,t for
the war against AL who would, directly or
indirectly, injure "pubiic credit aewili
demonstrate with every one who would
impose onus silver coin uneIualm dignity
with gold colin, Of Dc disproportionaie
value. SO Will prove ourselves worthy
SONS ~ wise and honest and honorable Ia.
theirs Our fathers were ever soiicious to
keep silver coin and gold coin d. equal
value. Al first they put into the silver
dollar iiftees aud q half times ms much
Of what buys. Ms they put into The gold
dollar. After III experiences fforty years
they found that they had not put enough
value inio the silver dollar. 3d. like
honest men, they put into our dularabout
sixteen tlmes ~ much silver as gold. A.
successor 70 their name ard fame, We
ought, u we were 10 r-st,re the silver iol-
lar. to pni iatoil seventeen times as much
silver a. god Then Tile dignity If :heI
silver dolis. would be equal To that at
gold aud It's value prolWrilouate. so We
would have, as We ought To have, and as
NIL who ,l.aI with measures Insist on
having, one single, simple standard .
value ~ unaittrable as tile nature Of value
will let II lie. II has bcen the departure
frr.n this custom ~ referring all values to
ole stand that has brought all ihisiuublr
a;aut mnney ON Us. Had We referred. our
paper money, rs We referred our silver
while we had Il, 10 goli. tile promise 10
pay 50 many dollars would never have
bren ~ doubtful meaning 10 either c,edi-
tor OF debtor. This WAS the practire 81
General Washington, wheE his ward.
Young Custis asked him whether he
ought 10 iskei IN and pay ont Continental
money. then greatly deprecated. General
| Washington told him to,lD ~ uiiiiesiia-
tinply and freely, but aimays ~ IL rOrfh
| IL TIC HurEtt' GENERAL Washington
knew, n we all do. tint "dinity" aud
'prai,ortionais value cannot be deter.
n,ine,l Is lrgislaliui,. Nature olly speak.
ing through Trade. ran determine tile re.
laiive position OF silver, aud paper. and
gold, aud wheat, and coltol. aud toi'acco
aud of+yerythlng else that Is bought aud
sold in free market. rr
Asto .';ne preservation ofpublic eredit''
the means 81 doing ~ rlust lie tile same
~ fur tile preservation ~ private credit.
| Cretli. N faith. trust, c.u,iidrilcs reIssed
| hy lender ina borrower liz giving u
/ tile creditor i n free man. The would I've
ieilor cannot make tile iinl,ed E,r creditor
accommodate him on terms dictated y,
the ,lrbior. Words used by debtor To
induce creditor to favour him Must bc
| taken in the seilse That Is usual aud has
been customary for several Years. Now
when We borrow nioney, say 10 1870. We
promised 10 Isay Il back In coin Al .:la,
time We had bath silver aud gold dol srs
botli 81 unlimited Debt paying power. We
I who soughs credit. Ia order 10 warrant
crssliIors 10 tIust Us, painted with just
pride To uur lrgislaiion which hail always
ul,eyed the law VI Nature and regulated
our silver and guild cnins 80 that !. was a
matter 81 bat li:i!e moment 10 d-le rIIine
To- which 10 lay orlo receive dehl. siI.
yer 10 had always besn kept Very near
equal IN IT, Isoser 10 buy with gold cpin'
and that ior eighty years. Indeed for the
last furry nf these eighty years eongres-
land ll,rnu.h II. constitutional power 10
regulate unr cninr. asde the silver dbl
lar more valuable lhau the gold In 1870.
when We promised Co Isy what We bar
ruMeJ In c,dn. tie silver dollar Was worth
= ter ,.rat more ILau The gold dollar.
/ lie ncord lIiat ne Ind made aud 81
which We sere Justly proud. was that We
never lIad allowed silver dollars to- iflrr
much ir,m guild dollars, aud Tie fair in-
ference Was that We never woIld allow ui
lauch Discrepancy between them Tue
qurslion then ~ whether offering 20 lay
our debts With silver dollar which llas
so grades 20 buying stuff 10 u. ~hra u
ought 60 have INV grains. viii tend To
preserve eureUin, 4 will willingly leave
! with sou.
Every man woman and child Ia aur
country wliohas b0ly 60 feed clotl,o aud
hausc h deeply and daily aud hourly In
trw-tedin this n,,H,ey guestinn. ~
every clerk who gets 80 msny dollar -
year, 60 every farmer who sets 80 many
dollars nIonlh, a. every uashtfwOnian
Win go's 10 uiauy dUllarsa week, To every
lalnrer Win gets % many ceits u day. Ia
ever, editor. eho gctss marty dollars
and renis Tor bis puper, ii,sof the very
lifsl imp1risncc thai our dollars and cents
lie ~ tile FIRST quality. n.
I -
Tns PARENT 0f INSOMNIA.