davidaulloa/AmericanStories huggingface dataset:
The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1878-12-05

think Col Wood does Mr. Irsalls great
injustice when he says he" never protested, y
" is silent, &c, &C.
Ingalls, speech on the silver BILL Feb.
10Th, Is full of many protests and in some
respects superior TO any delivered on the
subject. ] will give few extracts and ask
Col. Wood to compare them with the utter
ances of G. 7. A. at Topeka on memo
rable occasion. Mr.. Ingalls, votes a. we'll
as talks; he voted to remonetize silver, TO
stop the destruction OF Greenbacks, and 10
make them receivable for duties and bonds
at par So far so good, and | sm.. told he
stands ready to vote to supply the place of
bank notes with treasury notes and TO have
them increased 10 meet the wants OF the
country.
The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1878-12-05
Senator Ingalls, VIM be HIS own

Minneapolis, ottawa Co., Independent
Both Senator IDgalls and Col. Anderson
made most favorable impression on the
people CT Ottawa county OF the occasion Of
their recent visit. Senator Ingalls, IS not
only cultured gentleman Of education and
ability, but his intellectual cSlibre Is quite
equal TO the high position in the ns.iunal
legislature which he occupies. He Is a
thoroughly competent statesman, IS well y
philosopher and man Of letters His
brilliant achievements in tie upper House
for the past five wears has not only done
honor to the youpg State Of Kansas, but
has reflected rerown on the intellectual
status of her enterprisirg inhabitants who
sent him there. His term Of six years is
drawing TO a close There are far better
and more vital reasons why he should be
reelected than there was for electing him
in the first instance. His large and valua
! bic experience in the L. $ Senate ia not
! only invaluable to = Young State like ours,
| but the peculiar position OF parties in the
present epoch OF oar national politics rem
ders it Of the first importance that We
should have men Of practical experience
and Judgment at the helm Of the national
ship TO steer il carefully and safely through
the shoals and quickslnds Of party strife
which at present beset it. Senator Ingalls,
Is not only well tried, but most able and
interchangeable public speaker. One of his
predecessors who heaPed disgrace on ''the
rotten Republic IL trying 10 displace him
by les worthy successor. Tor TO other rea-
son than that he Is uncOrrup:ed and iucor-
ruptible. Honesty Is poison u those who
believe IN the efficacy o. corruption. Pone-
roy has got II worthy and 1T coadjutor in
the dirty business in Gov q. L. Anthony.
Let us see that those snakes in the grass
don't succeed in their secret little game.
We feel quite sure that the people of Kan
sas will be solid in demanding that Sena-
tor Ingalls, shall be his own successor.
The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1878-12-05
ThcI Hrariilz Endorsc Him.


The Republicans Of Anderson county
heartily endorse Hon. John J. Ingalls, flr
United States senator. At their convention
held few days since they passed the fol-
lowing resolution:
Resided That We viii support 10 man
Tor the nomination as The candidate for
representative IN the state legislature. IN
less 10 know him To be IN favor Of the re-
election 81 the Hon. John J. Ingalls, tn the
United States senate"
The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1878-12-05
His Ec-eIe.tiOn IL Generally Con-
coded.

We hope and believe that the Legislature
which meets at Topeka next winter will
prove TO be a body OF men who will patri-
Otically vote for and elect the very best
man in the State, all things considered, to
represent us in the United States Senate,
regardless Of Mr.. Pomeroy's or any other
mans individual wrongs or resentment.
a legislature elected by the people for
practical legislative purpose, that will,
regardless Of the interests OF the State, adj
dress itself to the task Of evening up"
old grudges End old political pickering,
should, every mothers son Of them, b.
elected TO stay al home.
II Mr.. Pomeroy IA a candidate himself,
let him enter the lat and do his best, and
Representatives and Senators who desire 10
vote for him on his merits will, toubtle-s,
do so; and We doubt no, he would have
number IL friends who would be glad 10
thus endorse the old rlan; but we believe
the intimation that he will b. able to cor
troll any comfortable number, merely 20
crafty a Split Of revenge, to be fal7e.
There are three good men spoken Of in
connection with the United States Senator
chip: Senator Ingtll-. COS. Anthony aui
COsg-es4nan Phillip, bI. We b-..eve /. =
generally conceded that, ali thiugs cJusit-
ertd, VIZ. Ingalls, should be biz own sue
ce=sor.- N.tFl Escgr's-.
Besides the gent iemen mentioned above
az candidate Tor the Senate, We have heard
the name of,B. +. Simpson, John 4. Auder-
son, W W Guthrie and i. DHIght Ihach-
sr. spoken Of IL il cOmueEdable arnbi-
ton to represent Kansas in the United
States Senate, and every one has right to
seek the p -ition. w, however, agree with
the Recorder, that il is for thu b.. in
tere-t- Of the State that Mr.. In.'-lls -hpuId
b. hi own successor. We have never been
Of that class who believed il bet 10 he con-
-;antls changing our rePre@rntt'ivrs IA
Congress, and We have no rea-On 70 10 30
now The gentlemen named may be Just
"a able men AZ Mr.. ingalls,, but eltaer OF
them would lack his experience. His Elk
years service has given him Just the knowl-
edge n.s,ied, to enable him to do the State
good service
The gentlemen named as possible candi-
da,es are men Of ability, and will in due
time be recognized by the State-TopetI
Commonwealth.
The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1878-12-05

THE Grand Central Hotel, New York, pO-
s..SS@s ali the requirements in size, style, To-
cation and appointmentSof tine modern first
clasS hOtei,ano keeps Its reputation as a mod
81 house eOd&w
The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1878-12-05
One OF the Most Reliable and UseS,
SENATOR.


Among the Senators whose terms are
drawing to close ia ingalls, of Kansas. We
10 no, know that there is any doubt about his
rejection, and certainly there should rot be
any. Mr.. Ingalls, is one of the most relia-
be and useful Of Republican Senator's. The
party as 4 party are concerned in keepin
himwhere he Is, and it is fair to suppose
hat Kansas, always true to Republicanism,
understands this, and will get accordingly.
1t il within recognized bounds TO saw that
Senator Ingalls, is a party leader in his
State, whose political fortunes are Of n.-
tional interest and bearing Whatever
members might be spared, Ingalls, is one
whom the country at large would be sorry
to lose. 1t is earnestly to be hoped that
his constituents will honor him and them
selves by returning him to the Senate by a
full party vote.
The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1878-12-05

Senator inga!Is spent some time with us
this summer. snd all who enjoyed the
pleasure Of bis acquaintance, will truly
approve the above expression Of kind
wishes for tie Senator, ard hey hope
that the State Of Kansas will DO itself
the honor OF making him his OWL sue
cessor to the Senate from that grea, and
PROSPEROUS State
The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1878-12-05
The Hes; Wan ,>an.as fla. Had.


The chances Of Senator ingalls, re-elec-
ton in Kansas are improving. We DO not
see how, from the material offered, better
result can be secured. irgails Is the best
man that Kansas has had in the senate for
many years.
Kansas will Honor .s-T.~is by re-
sfTCting ssiIB.
The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1878-12-05
Kansas Was Never More Crediia bly,
Represented.

q, Mr.. S. c. Pomeroy-familiarly known as
oid Subsidy-announces hi mself candi-
date for the Senate in Kansas, the successor
of Mr.. Inga Is He thinks the old score
against him growing out Of the charge Of
bribery, is entirely forgotten, and that he
can once more come to the front as states
man in whom there is no guile But II he
will investigate the matter little, We think
he will discover widespread impression
that Kansas and the country have had
enough Of him and of men like him. We
know of no good reason why Mr.. Ingalls,
should not be reelected. Kansas has never
been more creditably represented in the
Senate thanby Mr.. ingalls,
The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1878-12-05
wmPr.b.s,y x.ec..d Her n u.b.,d

IAtchIsOn Patriot, %.
1t Is current an the streets thai Mrs Rose
Gale will succeed her husband, as postmis-
tress.
The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1878-12-05

l but even tnlS Oh VIII
not be without its cousolations. The adyo
| Gates of gold have eudeayored to leave ,h,
| impression that this drainage of silve,
would be like blood spilled upon the prount
| TO be drunk bv the Thirsty sands. But h
silver zoe, abroad il will travel ss merchan
disc and NOT A money. Al the distapc,
of three marine leagues from the shore Il
becomes commodity and will sell for wha,
il ia actually worth in the land TO which i,
poes. and Il will end hack cold bonds
siIk' vine. cu,lervS broadclo,b. 10 the land
from vhence II came
IT.. =. .:1---;u
issu1 " s:ir VIII airo .eu ~ ~ .. ~.
Guy ne eshs "hich ha1e Iesui'.u iiom lne
.onh aeon u oui ou're, no' =! VP.a
'lGn OF law siohe' put py tnoee srea' na'u
RAJ causes snlch are aPP.rent 10 .ne mos
.asaai scr9'in!: mo. lelel soieis -
Una. ao.uIl un u. :. .ne vo,GI ., Inc
Iurien'y =! isH, out 20 t.e P.Ie.,ta; ~,in
ala~ai Oh y rom .ne tna n";I.S ~ ';icu ,ts
'ion 20 tnAt II ceAses " os AVSiHD ne :oi tne
Pu:PosS "a eommse anu uau IN. s 'on
dltion mas iesui1eo i!ou .ne .uuuen S Snu !n
PreeeoenIed e1pansion OF our industrial H,
areas; from me sast extension ol cur west
err ooupdafles; rom me econoniioi ESQ
rs!lol OF tns oIuln oy ~lio =. tHe e, . an
cniseu slave mas become icI ,S VI hinnsei, anu
master OF ms earnings. Inc g.eat GoIuG =
The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1878-12-05

On the 9Th inst, before one-haIi OF the
Legislative Districts Of this State had been
heard from. the following dispatch was
sent from this city to the Chicago FINES:
Luxemburger gazette. [volume] (Dubuque, Iowa) 1871-1918, 1878-04-09
So6- Ar6eiten aGer Art prompt nno 6tfis
aussfi6rt.
Office Der Gazette
Nu. 442 Nainirabs, ,pii9en 4. II. 5.

aud BON Der goIi,ei srObIi9 miBbanbelt
murben. giienifut tonnte Bel ben @erib.
ten stiea,asua's tein &e@t finben, ionbsrn
wurbe nod basu in Strafe senommsn uns
obne SduIb uerurtbeiIt. Oie ganbe,
uel9e ben ansriff poasos, wurbe nidt
aaein unbebeaist selaHen, iOnbern bas @s>
ri9t entidieb obsrbrein fie - bic Mnsreifer
isien bic SeIeibisten uno llsbsrfalsnsn sss
ueien. Dem beutiden GoniuI purbe bems
nad uollitdnbis ieoes 8s9t uerwsissrt.
Die beutide &esieruns uunbte ii9 an bic
Resierans gticarasua's, iebo9 obne allen
grfOIs, bis brei ibrer Rriessi5iffe in bem
itilsn Ocean eintrafen. Oas bat ieben.
faas cine sroBe Ueadt Dor elmer tlsinen
DOraus. baB iie ibren llntertbansn i'm Iasz
Ianbe Re9t ueri9afien tanu.
Luxemburger gazette. [volume] (Dubuque, Iowa) 1871-1918, 1878-04-09
@usrdnoif@e Nano(&au.

Wir baben uniern2eier Sfters
bas @era&t beri@tet, baB Benninsisn Der
prdiioent bes beuti9en &si@stases ms
Cabinet aIs Stslusrtrster bes &an3Isrs be-
rufen werben ioute. Warum bisiss nidt
sei&ab unb wel@e 5aItuns bic nationals
IiberaIe partei in GoIss bsfen sinnimmt,
erfabren mir iest aus sinem 8eri&t 2ass
Gers iiber cine Sisuns Der nationa0iberas
len SractiOn, Der Musi9lub iber bic innere
Gage unb &rifs sibt. Dis Ysrbanblunssn
swiidsn 9errn uOn Bennington unb benz
Rsi4sfansIer wurssn beiinitiu ubsebro9en,
neil Serr uOn Bennington benz Rsi9stan3:
ger unumwunben ertIdrts, baB sr alIein
nidt in bic &esisruns sintretsn wsrbs, iOn
bern nur in Beslsituns zines 5rattiOnssss
noien. BIS gum lsstsn slussnblid, 70
iast 9asfsrs, babe Bennington oarauf be-
itanben fur bic benz &ei4e su i4aiienben
neuen Steuern ais 4squiuaIsnt bisisnisen
conititutioneuen @arantien gu erbalten,
wel9e pon ben Hebnsrn Der partsi I'M
Hel4stase bes gfdberen be,si9net worben
iinb. Sismards abf4t ioa Oabin sssau
gen iein, nar Bennington allsin in bic Re'
Luxemburger gazette. [volume] (Dubuque, Iowa) 1871-1918, 1878-04-09
Sa9rsaus7 Dubuque Soma, Dieadas oeu g. April 1878.

man nod Ni9ts uon ben ueripro9enen gus
ten 3eiten iplre unb bsrslei4en tniinn
mebr. Die Cincinnati vMornins Yoit"
Ieudtet ben 5erren foIssnbermaBen beim !:
uRo@ finb feline susi Wiuionen Der neuen
Silber:Oollar seprdst unt nidt eine
Willion bauon lift in pirtlider Circulation.
BeIden @influB aber tam e inc Million
in elmer @eiammt Circulation pon $50
Miuionen ausiben2 2 gtein, uon ben SoIsen
bieier einen Wiillion ueripirt man bis
iest nod blutweni5; beito mebr aber BON
ben 5oIsen @urer 3w 81 Olfiabrisen ST.
nanspolitit, bic bas san3e 9anb NIT ben
Srimmern ;eritOrtsn Reidtbums bebsdt
bat nno nod ieben Gag in enOrmen Bantes
rotten ibre Spfer perlanst." Oas 1T rs9t
fIar unb beutlit
WeanweiB, wel1e Summe uniere berr:
Iide &riessmarine idbrlid toitet unb bod
1T lie gum @eIp0tt Der ieefabreuben Ratio:
men seworben.. Sine neue Slamase bat
iie iid iest suseSosen, uno bas cine gang
orbentli6e. Oas pom Wfarineminiiter
Gbomplou, Der nit ieiner suteu 8erpals
tuns 10 bid tbut, fur ben transport pon
Waaren CUR Pariier Weltausitelluns per:
uenbete Gransportidiff r8 pointing,
brobte, nadbem es 500 Seemeilen suriid,
selest bate, untsrsuiintsn unO tOnnte nur
nit tnapper gtotb nad 0tew yort suridteb
rem. IS bat id bsruusseiteut, baB Der
v0pomins" idOn gang untausIid mar, aIs
er ben 9afen pon Gew gort uerIieB unb
auf bobsr See uurbe sr poasnbs led Oas
S9iff Iisst iest i'm Trodenbod bes Sdiffs.
baubofss unb bic Sudueritdnbiseu ertId:
rem, es iei faf unmOsIi@, cine ausbe1es
runs pOr3unebmen, ba bic glanten uou'
ftdnbis usrfuuIt ieisn unb BEL Der serinsitsn
geriibruns serbrOdeIn.
Sn Mittels unb 8 E 4 Rentud q
wirb wesen ge,abIuns Der Sdulben elm
sroBes 9ei9rei srboben. 3uuerldifse Be-
ridte iaseu, bab in einselnen Counties, i'm
Sale bic &apitaliiten bss Siteus unb anbes
re @rebitoren bic @ollettiruns ibrer Nnipris
DIE erswinsen MOLTEN, aufrubr ausbredeu
luerbe. Wan brobt, ii9 euentusa nit be-
waffnster 6anb ,u wiberiesen unb, wenn
nStbis, aud Blut gu uersieBen. gisIs pers
m0senbe 9eute, sesen peI@e teine Inipri:
DE seItenb sema9t werben tOnneu, srtIds
rem, bab iie ii4 Iisber ben aufftdnbiidsn
ani9lieBen, ais suisben wollen, uie bus
gissntbum ibrer Nadbarn gu einsm Seds.
tel bes Wertbes ueridleubert werbe. Man
bemibt iib. ben grlab zines @siesss gu er.
Iansen, wsIdss nOtbwenois iei, um ben
Staat pom llntersanse 3u retten.
9ouperneur Wabe 9ampton
BON Glib Carolina, sewinnt nit iebem
Gage mebr bic 9ersen Der DsuSIteruns iei
mes 9anbes. sls er unIdnsit cine Reiie
bur4 ben Staat ma@ts, idreibt ein Gore:
iponbent, slid bieielbe einsm Griumpb,us
Nm ieber CHARACTERIZATION battsn iid toIOi:
iaIe Wenidenmafen ssiammeIt, um benz
@ouuernear ibre adtuns gu beusiisn.
Die Garbisen waren NO mOsIid nod sntbu.
iiafii9er. aIs bic WeiBen. llnb solbsns
WOrte waren ss. bic sr an bic Yirssr rids
tete.
Luxemburger gazette. [volume] (Dubuque, Iowa) 1871-1918, 1878-04-09

aae anseisen ienbs man ipdtefsns
Nuntas Norsen sin.
Luxemburger gazette. [volume] (Dubuque, Iowa) 1871-1918, 1878-04-09

an3sisen fir pienies, 0ottsrien, 8liidslpiele
,e., ais bsm G,siAe Der fatb. air&e ,uwipsr, I'm
ben feline Aufnabme.
Luxemburger gazette. [volume] (Dubuque, Iowa) 1871-1918, 1878-04-09

Seiratbs- unb 1ppssan,sissn nit SprHH
$3.50, pbne Spru6 $l.OO.
Luxemburger gazette. [volume] (Dubuque, Iowa) 1871-1918, 1878-04-09
2reiss Diet Suzeisea.
0ueal>Nuti,eu.

llntsr 5 3silen gr.Sisr rerten niGt aussnom.
men. 8ur ieee 3eils BREWER cber bren Ranm
eas 1. Wal 10 Gts bic nGtfen Wale Gents
Luxemburger gazette. [volume] (Dubuque, Iowa) 1871-1918, 1878-04-09

auspartiss an,sisen madtn pprausbsscslt rsrssa.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1878-10-04
The Revival of Business Prosper
ity.

The New York Economist of Saturday, in it,
review Of the domestic goods market, says:
"Merchants from interior aud Western localities
who were here early IN the season, IN recording
write that trade fine, profits satisfactory, crops
good and the outlook encouraging. Tnls IL "A
good time for croakefs to hide their heads. Basi-
ness seems To have settled at last 90 solid basis
with those al present engaged IN commercial pur-
suits, having adapted themselves TO the economic
suriou udings OF the depressed situation. TINS Is
all the more re-sssuilDg Tor permanent revival
of trade. Speculation is killed, legitimate dealing
is now the prevaing tendency; debts are not
hastily incune ed and credit counts more than II did
IN the past. The currency agitation will not un-
settle the present cheering business lndlcatlous
K sumption will be certainty after January lst
\ new Congress will not assemble before year
thereafter. BY that time sound commercial iaea,
will prevail, business viii have been adjusted to
the new order OF things, the greeubaek heresy
wi have been exploded, and merchant mechanic,
artisan capitalist and iaboier viii have found thai
honest money is the only sure guarantee 10 per
msnent prosperity. Business Interests will suifsr
no further Legislation on the currency question to
interfere with trade. Political uicksters aud
demagogues will find their level, While honest toll
and legitimate business wll come TO the front
The augmented gain receipts at the seabOard
ports show that the abundant haryests are meet
ing with large export demand. Eng aud ana
France are both deficient IN breaJstufs their
crsps will MT Afford their usual supply. The
grain districts OF the Black Sea are otn unsettled
by war, AID they must necessarily look tu the
United otstes ivr their supplies. Fortunately We
have enough for our home demand anu can ex-
port ali that is required abroad. The energies oi
this great nation are slowly but surely ieviving
The prostralion OF our indus ries has taught Us
many severe but useful lessons. We nave learned
that INDUSTRY aud economy are the only true
sources of wealth, and in these prlnc.p found
the essence VI all poIIticai ALL social science
Money does not kiow As NUT to be pucked D.
Idle hands, aid though greenDacks were multi
pied, how are the masses 10 tie benefited uues,
they have something to give IN exchange for
them' No political no.lruns we've ever success
iul IN building up eouutfy's prosperity ASIDE
IRON a sound, stable cureGeS, diversified Labor
aud economic habits among the pevpl-. We
seui3g round TO the principles, De,ng bsous bit
here, however siler having ~ face lVus Yeas OF
depressed usie. Tue tide IA, al last turLed. tue
people are aOpeful, business Is resvins, ami the
suiann trade /, healthy. coosersatIye AMI sound"
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1878-10-04
NC its really d,uoerou, and destructive chsrac

ing its really dangerous and destructive chsrsc-
ter. 1t endangers particularly the moral chsrac-
ter aud the material prosperity oil the country,
and not the lives of its citizens. One OF the ear
hest symptoms Of the gfeen-sickness Is 8 notion
that the authority Of the government may put any
value IL pleases Into piece OF paper, provided
it is green On the back. While 1t is known
that government authority is powerless
10 create cotton cloth OF steam engines,
or any other valuable thug OF that KIDD,
the poor victim imsgipes he can create mouey
which shall be the equivalent OF any or all OF these
by mercy stamping Rreenbscked p"pr AIRY
person Of credit give his mole aud have IT pass
ior what IT PROMISES SO long ~ he Keeps awe a
pei feet conhjeLce that be viii pay II Whenever 1t
i, brought TO hun for the purpose; but these
wrttched sufferers iIom green stcdness thiuA lie
tumeLts uoles can always pass 10 tls way,
though tuty are never 10 be pad, aud even wlta
out tomIse oil piyment. lney get so osd 10
some cases as to fancy That one OF these oits Ol
paper may serve rs measure and standard OF
value, without having value IN IL OF Delnk eA-
chsngeAoe for auy specific value, as HING Lear,
~ hIs dutitK msuness, TOOK "retcbed MlsP ol
straw Tor bis sc.ptre. Another curious eHet' oi
he disease Is TO cause men who mean to be hon
est sud ttuk they are honest, TO p oppose the most
rascaily and vlllalnOus proceedings lla'lLg ln
ptuuentlv got into deot aud incurred obligation,
winch they have now 10 pay, inet persuade them
selves 1t viii be right to maze payment llsnter BY
debs-Ing the value Of money. Oi c0uise, IN no
Their way can they expect 10 get nOmlDally moIe
money ior tue same confederation, or get II essier
some OF hem profess To be excellen patriots, aad
yet they have conceived the rta,ouabie notion
that tue country may somehow be justified IN
paying less than is promised to those who adj
vauced 1t money IN time OF IT. need.
We have reason TO hope t1at the malay - not
incuiab.e, and that 1t viii be ,fectusiy cns cked
before II has wrought us most disastrous conse-
queuce. Prevenlions by the ouLce would prob
apiy have been worth ten tons OF cuIe. and sound
mental and moral education would have been
certain proph, Tactic, but We have now the disease
To deal with ia hgn state OF development. Al
tforis should be dltected to restoring nealthy
condition In the patients. Ii 10 not 100 late to sd
minister reason aud common sense 10 mild doses,
to be Increased a. the patent can bear them, ana
1t Is the Only effective uestmest. 10 tune tue
malsdy must ield to it, and II cannot be followed
with too muca vigor. Delay, hesitation, and vac
illation are dangerous in dealing with epdeInics.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1878-10-04
Paper Currency.

In regard to having the paper currency
of the country issued by the government,
IIarper's Weekly. remarks AS follows:
The proposition is really that the gov
eminent shall go into the banking bu,i-
ness, aud that Congress shall be II board
of directors with absolute powers. Paper
money properly represents business trans
actions. 1t is issued y banks which have
capital to loan. But the government has
no capital to loan. 1t is not a trader. 1t
Is not producer. Ii has no money eX-
cept that which it collects in taxes and
which it pays out for its expenses, and it
is its duty to keep taxes and expenses at
the lowest practicable amount. Ii it
issues notes, it is because it wishes to bor-
row, and because taxation will not serve.
But bank issues notes because it wishes
TO lend. If Congress is to authorize the
issue Of as many paper promises to pay
as il chooses. what possible security can
there be that it will be governed by COM
mercisl and not by political cousidera-
tons? aud IL it authorizes an issue larger
than can be redeemed. what is 10 prevent
stoppage of payment and limitless in
f.tioa? Money represents capital But
what capital has the governmest Ii the
United States are to 60 into the banking
business. why not into other business?
Indeed. this question touches the diff
Guilty. The real support OF government
issue of paper currency is essentially
communistic. 1t springs from the feeling
that all such things would be better done
by the government. 1t is feeling that
the government is great organized mo-
tive power, which can be turned in any
direction and applied to any purpose. 1t
is the confused conception of government
IS something wholly distinct from the IA
ton. as kind of good genius which We
can set 70 drawing water and chopping
wood aud making fires. Il is, in tact.
communism, or the doing by government
what each man ought ~ do for himself.
Il is wholly foreign to the American in.
stinct aud the American idea. The true
American policy is - redeem the prom
ises made in the hour of extremity, TO
withdraw the government from the bank
ing business, and 10 leave the amount OF
currency to be determined by the legiti
mate wants of trade, which can properly
manifest themselves through demands up
On the banks. but cannot possibly be
known in their constant variations by
members of Congress-"