New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1878-11-10
NEW ORLEANS REPUBLICAN, SUNDAY, NOVEMBER TO- 1873

value, where was there any money since
the world began that bought so much as
| that legal tender? Applause. Thought
ous an unmutilated territory, It bought us
an nncorrupted Constitution. Applause. ]
Il bought us q name and power among
the nations Of the world which forefends
war and makes really all external defenses
for q long willis to come unneees-
sary. Since Midas turned by his touch
everything into gold; since Croesus
amassed the treasures, no man has
ever got as good a bargain for bis
money as the American people got for
their legal tender. LLong and continued
cheering and applause.l And now, step
BY step, patiently, peacefully, by. heavy
taxation, by liberal payment of taxes,
| Gncome and other taxes,) We have made
| up the finances of the country, so that
that legal tender is worth to-day all over
this country, what it on its face purports
to be worth. Applause. And now that
| legal tender no Republican will suffer to
be furnished, either by disparaging its
previous services, or by allowing it to be
so COMPOUNDED with a peace currency to
drown out the finance and honor of the
people as that its fame shall be confused
| in any mans mind. We made the legal
tenders to fight us out Of war into peace,
| and we will take no fat money to fight MS
out of peace into war. Applause
A WORD ABOUT THE cREENBAcKs. q
| Is there anything in the financial his
| tory of this country, as conducted by the
Republican party, that we have any oeca-
sion to find fault with? ?. Did we not un-
derstand from the beginning that what
was needed was money in its shape
in sufficient volume to keep up the
armies of the country in full vigor, and to
maintain the credit Of the government with
its citizens? And what has become of
ell those questions about impairing the va
| lidity of contracts and violating private
rights? A nation in time Of war is en-
titled to the service of the whole power
and wealth of the country, and it is the
| wisdom of the government to determine
how it should best be marshaled, when
and where it is needed, and with sufd-
Gent strength. War interferes with other
contracts than of money. War separates
the bridegroom from the bride at the foot
of the altar, thus interrupting the sim
cerest contract of society. War beckons
the son from the dying bed of his mother,
breaking thus the commandment with
promise, and shall we much agitate our
selves about these past troubles, as to
whether this country should have been
sacrificed to the necessity of specie pay
ments, when specie payments were incom-
patibIe With it's Safety? This matter of
our greenbacks, therefore, is one that is
now presently limited to the duty of the
government to make them equal to gold
and silver, and all subsequent discussions
are to find their place, as after that prob
lem is solved the interest of commerce,
the interests Of society, and the oblga-
tons of the public faith shall be kept.
That is our present issue; to that we will
adhere. We know very well that il there
is anything that this people insist upon it
is that they shall have paper money.
They want that money good, and they
know there is no standard for its excel
lence that can be trusted except it is con-
vertable into gold and silver. Applause.
They wish to feel that they are not obi
ged to carry about with them the gold and
silver, but that they have the faith of the
government that the paper money is
always and everywhere good. That they
are entitled to. That they will demand
from their government; and they will de-
mand government that has intelligence
and resources sufficient to give them good
paper money, and not drive them back to
the actual carriage of gold and silver OF
their persons and in their chests. Zap
plsuse. Well, it is very difficult to trea
seriously this question of fat money.
do not know who believes in fat money
What is fat money? l can understand
! the miraculous power that can turn VIVA
= is valueless into value, but it must change
its substance. When you say that gov
eminent is to make what is valueless valu
/ able for its people you say what a people
: have never been willing to trust theil
, government with. You might as well ex.
pect people to trust their government
with q question of when, and on wba
means OF subsistence, and in what mum
bers, annually or monthly, the people o.
the country should get married, laugh
i ter, and makes governmental institution
} out of marriage, as to have them say what
? the people should consider valuable wher
} it is not valuable. Fiat money, of course
/ involves the necessity that specie money
} does, that as in one case, specie being the
5 money, everything is done on specie ba
sis; so when fat is the money everything
r is to be done on the fiat basis. Laugh
} ter and applause 1t would make Q
t thorough revelation. You may remember
t that in the arabian Nights story is TOLD
: by the barber of one his brothers, who
3 being an honest butcher, and selling
| AHodty WIS Wd1Oou upOu every MOInL1b ",
i an old man, with a long beard, who pur
chased just six pounds of beef and CAV,
: him beautiful, bright, WELCOMED
: money, SO much more iattering in its as
8 pect than the ordinary money which h.
: took, that he kept it by itself, and ate
: five months of this prosperous customer
: dealing he thought he would go to hi
{ box as he needed to buy some sheep TO
] the shambles, and pay for them with thi
9 money, and he opened his box and founC
} it was all green leaves, clipped into
8 round shape. Well, money to sell NUT
Q ton chops by needs TO be money to buy
7 sheep with. Laughter Now, it is sale
: by the storyteller that the old man was
f magician, and he deceived the eyes of tn
+ whole people. Who is that old man il
r this country? Laughter and applause.
T He has long beard, laughter and al
a plause, but that is the only circumstanc
8 of identification. Well, some simple PEG
Q pie in o remote italian province once wen
: to the Pope to convey their .homnge, AM
/ the Holy Father asked them, my child
s rem, before you SO to your homes, is Their,
t anything can do'for you that would i'm
o prove your condition?" They replied
8 for they lived by their toll as husbandmen
q that there was nothing that they would
8 like much or that would be Of grea
advantage to them, except this; that tn
Q Holy Father would direct that they shout,
e have two crops in the year. It was vii
, lipply granted by the Supreme Pontifl