The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1878-10-10

o 10 SoAC' Ab Is just SO With q
corporation. 1t is just SO with a Gov
eminent. The people are glad to sub
Scfloe Tor four-per-cent. bonds, because
Chey now believe that the Government
VIII Keep It's promises, and pay those
bonds in coin. When the Government
shall proclaim that it intends to break
It's promise, the people will stop trust
ing the Government
BALANCE OF TRADE.
Fourth-The balance of trade is to-
DAY IN our favor. United States bonds
nave been sent back from Europe to
this country until only about one-tentb
OF the National debt is held abroad:
nIne-tenths are owned and held here.
we sell each month to the rest of tho
world more than we buy from all the
rest OF the world. Our debt, private.
corporate and National, which we once
owed to foreign lands, has now been
largely paid off, or is held by our own
people here at home. Henceforth the
world ought to pay tribute to US, and
we no longer would pay tribute to 9TH
FL Lands. We grow cotton for English
looms; let England pay us in coin. I'm
less we foollshly print more greenbaeks
TOR her use, she must pay us in coin.
w grow wheat and corn for everv
Natlon whose crops are insufficient for
thelr needs. Let them pay us in coin.
Ihey must If we do not foolishly man
utacture greenback wampum for their
use. We make watches that are sold
In Geneva in successful competition
against the the best Swiss watches. Let
them pay us in coin. We send locomo-
tlves, steam ploWs and horse rakes to
Russia. Let them pay us in coin. We
send tools and cotton cloth to Austria
la. Let them pay us in coin. Yankee
brain, Yankee thrift and Yankee wit
beat the looms of Old England with
the looms of New England. They beat
the grain fields of the Danube with the
grain fields of the Ohio and MISSISSIPPI
Valleys. They beat the iron mines of
Great Britain and Belgium with the
iron mines of Pennsylvania and Miss
ouu. Our Rocky Mountains produce
the great gold and silver supplies of
the future. If we insist on coin as the
absolute and only basis of all CONNER
clal paper, and as the absolute and on
~ OASIS OF all issues of paper money
the world must secure in coin what
ever balances the world owes us. For
this great, producing, working land of
ours to talk about absolute money in
the shape OF irredeemable paper is SIM
ply absolute nonsense.
Not only is irredeemable paper with
out warrant in the Constitution: not
only has the faith Of the Government
been pledged again to the payment of
our grtenbackS in coin; not only are
we to-day able to keep the Constitution
and 10 perform our pledge, but it is the
highest wisdom to make and keep ev-
cry paper dollar just as good as the
com dollar which the paper represents.
tJ PAPER MONEY 81
can only be made and kept as good as
coin by being always redeemable In
coin. No bank can long keep worth
less paper currency afoat when the
holder Of its bills can bring the bank
to book" by presenting his bill and de-
manding payment in coin. The bank
must pay or break. No government
can long keep a worthless paper cur
rency in circulation when any citizen
who holds it's note can bring the gov
eminent TO book by presenting that
note and demanding coin. The right
to demand coin dollar for every pa
per dollar is the sure lever in the hands
of a working man to prevent frauds by
banks. The right to demand a coin
dollar for every greenback dollar is the
sure lever in the hands of a citizen ia
prevent extravaganza and corruption
by the government.
A congress may recklessly vote mil
lions to pay southern war claims, il it
can print the millions. But a congress
that should have to tax or borrow in
order to get the money will never in
crease the debt by paying southern
war claims. / protest against any
SEE FIFTH PAGE.