The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-08-16

so /. 10 81 fnace are the Laws Of Natre
csniaof DC evataed or ayosde. md no paper money
ssy s sss ID In ssmea
ns valuable e. e is. sfaas no n; ofs that can c
a psps no ySssf !, ~ ay those words
s e r sss with soehns vaua-
,nsY,,s daily experience con,raaicts
th.s. The greenb Jack for years mas NOT D ,e
rass.rnasle lin gold, and yet by the j'at OF
,,s.. ,so,,oh IN itself worthless. lit has been
ieyal tender for the payment OF debts. In
saat. IL Would pay q debt when g0a wouid
moi. A wagon-l0ad OF bullion would not
nav 4 dob. OF q hundred dollars II the credl-
for refused TO receive IL. Money IS tue crea-
tien or law, and III the Government. Wnlch
makes II, lis that OF a rich and great co ~ J.
try, the money possesses ail the virtues tna a
money can have Wh,g.
The present greenback is exactly wnat
everybody knows to be paper-ooney re-
teemable in coin. 1t does not purpoft "
BIO money. but Is promise to pay money
..The United States will pay to Bearer
One Dollar y is the promise which IS wrat-
ten upon the face OF every greenback. Tne
fat greenback, or irredeemable ereenoaek,
would not promise to pay money, but "ouid
purport to be money itself. Alitthe green.
backs and all the bank.notes new iu use are
redeemable papcr-money, not irredeemaDie.
The Whiq confesses the truth when IL says
that "if the Government ,ohich 'aa'ces u .
that of a rich and great country, The Hnoneg
Dosseses 1.-THE uirtueS that money can hdoe.
II the paper is not to be redeemed, IL can
not he OF the least consequence whether
fhe Government that issues 1t is erich ana
,yowerfulv or not, Our Government IS
..rich and powerful" and it has solemn'y
. nromised in its laws RS well as upon the
face OF the notes that it will "pay 10 oeere'
one dollar" for every greenback dollar IN
circulation. II the Government werel'oor'
and known to be unable to redeem TINS
promise, the greenback would be WORTH
lcss seeing that in itself 1t has no
value. Such would be the case with
the irredeemablc greenbacks which the
WHO desires the Government to issue.
They wculd not be like our present
ereenbaeks at all, but the Government w
its fiat would make Tor attempt to make-oi
course it couldn't do it, a new sort OF green
back, reading, ''Tbis is Dollar" we are
the advocate OF the present real greenback-
the genuine grcenback that IS redcemable
in coin. The Wing is the enemy OF the
present greenback. ltwants them done away
with and fiat greenback substituted Tor
Them. It wants stratum OF these notes
two feet thick to be issued. It wants to
..drown out'' the moneyed men, or, IN
other words, make their paper money-the
present paper money-worthless. we pre-
fer the sreenback rs it is.
AS to the Wings idea that there ever was
money debt that could be paid in paper
but not in gold, we need say nothing. Inc
qualification saves the statement from beng
untrue. or course, s:ii the creditor re-
fused 10 receive it," wagon-load OF silver
or gold would not pay debt. But the man
who would be foolish enough to refuse gold
and silver has yet to be born.
ANY one would infer from the wing S
words which we quote above that it was IN
favor Of greenbacks promising to pay coin.
But it is not 1t has over and over again
declared itself in favor OF greenbacks which
shall not be redeemable in coin, and has de-
nornced as folly the conduct OF our Gov
eminent in issuing greenbacks, such as
those now in use, promising to pay real
dollars to the holders Of the paper dollars or
greenbacks.