The People's vindicator. [volume] (Natchitoches, La.) 1874-1883, 1878-03-09
MORE MONEY.

The Silver Bill having become a
law. our people need not instantly
look for bright results. The p'r"'-
cious contraction policy of the past
twelve years will be felt for long
time to come, and the evils brought
about by the vicious legislation in
favor of the bond holder and money
lender, will not be cradicated in
day or year.
The Bill as passed restricts the
coinage of Silver to s4,oOo'oo per
month, and deprives that metal OF
other priviledges now enjoyed 10y
Gold. For those reasons we con-
slider the measure as one of compro-
mise, and its result will be failure.
It seems to us that the currency
question is quite simple, or rather our
ideas Of it are quite at variance with
4 great number of learned, vol"mm-
GUS and statistical gentlemen. We
admit we belong to the fiat money
school. but we are not as radical and
exclusive rs some. In our opinion
GOLD and silver coins are sto"dor|s OF
value, selected by the common con-
sent of civilized mankind because of
their very slight fluctuation; but as
currency, per Sc, a circulating me-
dunn between man and man, for the
uses of trade and commerce, they
are, beyond a moderate q"nt'ty OF
fractional denominations tor small
change, perfectly useless, and the
quantity required is totally def'c'ent'
Our learned doctors seem to argue
from the basis that we want gold and
silver as a currency. For our part
we want no such thing; at least in
whole. We want the government to
issue paper money; Treasury Notes.
not because of the intrinsic value OF
the material composing them, because
it possesses none, but because its
value will be extrinsic and derived
from the useful functions with which
our Government vests them.
This is, We are we'll aware, de-
nounced as the Greenback beresy
BY many, but if it be heresy it i
one the United States INDUCES in tt
an extent few untbinking men real
ize, What is tho National Bank is
sue. but an issuance of this pape
money which we demand9 These
National Bank Nones are issued up
On Bonds deposited as security will
the Government for their redemption
and these Bonds are redeemable il
coin! says the hard money man
Well, the money the Government il
to issue for our wants and to suppl,
the demands of our growing trade
and population, is based on the SAM
coin which is to redeem the intcrme
date security between your Natlona
Bank Note and the Government.
We propose, in other Words to tax
the Child of our Government as on
circulating medium, while the gol
men insist the Grand Child is bette
Then they tell US that there is nc
gold and silver coin enough to re
deem the issue we greenback me
would desire-that the wants
trade would demand. Such an al
gument is fatal to itself. If con
merce and the wants of tho poop
did not require paper money the1
would be no need to issue it, and
they did require it, is there any OF
fool enough to suppose they won
want it redeemed.
We want United States Treasu
Notes as a currency, because tra'
and the wants of the citizen reqni'
more money; something to circo!a
not to be redeemed and invested
gold and silver. That is for old me
women and misers. The live, vigo
Gus citizen wants money for tra
and barter, and he wants plenty