The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-05-14

= cream. < Indeed.

we are tired saf the monotone us canQr
FOR e grecnback Is The spithetscal trades
reciprocally INDUCED. by the gold and silver
S,lspusants were merely passionate. They
were foolishs but we do not consider the
word !. lunatic p misapplied when employed
with regard to the advocates OF tho Issue OF
immense volumes OF greenb backs. These
extreme men are g green y indeed In think
irg there IL O chance for the success Of a
.ieIusion such as they advocate. One modest
preenback statesman has timidly proposed
20 put a limit upon greenbacks, and though
1t is liberal, we may suppose that there are
many who think he is o fool for putting
any limit upon thing which they evidently
think should have no limit ut all Our
modest statesman has suggested that
amaybeo $4,000, 100000 OF greenbacks.
would do. Well, we should think it ought
to do; but some OF our sreenback fellow
citizens, we are sure, will differ with US.
Now, we are what we call &c medium ~
j. e., we are on the middle line. We would
always avoid extremes. We are against ex-
tsavagaut issues Of paper money and uncon1-
promisingfy opposed to unreasonable cur
tailment Of that same medium. We are Tor
the immediate repeal Of the corrupt bank
rupt law and against any interference by
Government with the private transactions
OF men. Believing the Government can re-
sumo. we are in favor Of immediate resump-
ton. Never was the country in n better
condition for resuming. The silver remone-
tization--the wisest measure that the Gov
erninent has adopted since the War--has
made in this matter assurance doubly sure.
We are against any further contraction, and
think it hardly proper that there should De
any Increase of the amount OF paper money.
so we are against the so-called greenback
party. Such party is not at all needed ;
and such q party, being ignorant OF what
is wanted and of the effects OF its own
policy, is truly one of the "greenest" OF
all parties that eyer the tide2of time waited
to orr shores. E>&'
we have free banking. Is not that one
way OF securing to the people as much
paper money as they need or as the bust
ness and commerce Of the land can absorb!
We think The answer that some persons
may give to this, by citing the scarcity oil
currency under the scoundrelly strategy OF
the Wall-street gamblers in "locking-up'
currency, is no answer at all. That time
was an exceptional condition, as we hope
the "lockers-up" were exceptional vii
laius, whose rascality could not be SUSTAINED
save by success, and success they bad not
,rbe ocean OF commerce was strewed with
the drowned bodies Of such financial strate-
cists. They cannot live in wel-ordered
times. and no amount OF paper volume can
entirely protect society against the rascals.
Certainly not when the banks become auXil-
iary 10 their strategy. Such tricks Us
theirs were peculiar to condition that we
desire never to see again.
But this mad idea that there is no limit to
the want OF currency in the land is the
naddest that could take possession OF lu-
natic's brain. II there is more paper mo-
ney prepared for utterance than the people
have means to buy, how is it to get adoat
The custody OF such paper must be in hands
that will put down its value to get it afleat,
or in those hands 1t must remain. How
would that benefit the people-nay, any
body -
Any amount of paper in excess OF the
power Of the people to buy and thus to alb
serb is OF no use, and the moment the de-
sire TO utter that which is excessive cannot
be restrained there must be concessions
which degrade the value; OF the paper, and
thus the whole country suffers. Give US a
good currency, and keep it good by re-
straining its volume within reasonable
limits, neither Improperly curtailing it nor
increasing it until its value is impaired.
The present rule that prevails and the free
dom of banking ought certainly to keep the
country In the line of safety. This; with
resumption and the repeal OF the bankrupt
law, will put things in order, and we shall
have no financial troubles for a long time to
come. We have had lessons enough-we
are down to the bard-pan-let Us bid adieu
to folly, and return to plain, frugal living,
and honest and prudent dealing, and we
shall not be seriously disturbed by the ma
MACS. in finance and the demagogues in
politics. - 80. ---,-,
sEE,f" Maysvlle, KY.