The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-08-09
Illllolld Itch.
600, Il,u,Istratiol,,,I..

A Coed liustra on.
II 4 dangerous for the unskilied 70 tam tam
,,sr y,i,h edged tools. The Gresi ,backers
,unaid better CONNIE themselves to the
t,e.nsgoricai cry for nsore currency. When
shey undertake to produce argnments IN
favor os their foolish theories they run the
r;sl, OF damaging their own cause more than:
that OF their opponents. They assume that
the voters are all nincompoops when they
address such appeals to them as usually
come from the lipssof Greenback orators =
or course everybody wants more money.
and IL you ask a man to vote Tor more
money he is not very apt to refuse 70 do so.
That Ii the kind OF talk that the demagogues
ought to confne themselves to II they do
not wish to expose their ignorance TO even
the unlettered. SAMuEL F. CAREY is the
leading GreenbacE orator in Ohio. In a
speech which he made ia Cincinnati few
days ago he said:
Occasionally you hear man say that
gold and silver are the money OF the Worid:
But so among the sayages. and you VIII ma
that they place mole value upon Wampum
mon the precious metals. Gold and silver
will not circulate outside OF the nation that
coins it. When Invent to England a ie"
wears ano. I wanted breakfast one morning,
and wien presented my gold they threw
IL into the scale and weighed 1t, and asked
me what wanted in exchange Tor lister
ling or sovereisns, or what"
Just so. savages may not know either
the value or the uses Of money. And II that
were definition Of the word "saVage," MI.
CAREY would be classed amongst saYaSes.
He does not know money from trash, II We
NAV believe his own declarations. What ah
idea it was to appeal to the Intelligent voters
OF Cincinnati TO reject real money Decause
savases do not use it!
This, however, by the way. we started
ont to call attention to the fact that Mr. Ca
gEY's illustration proves the very reverse
OF what he intended to prove by II. nc
went to England, but had sense enough TO
take gold with him. Possibly someDooy
IN d told him that greenbacks were not cur
rent in that country. At any rate ne tooh
cold in his rocket. Most men Would nave
been wise enough to exchange this Amer'-
can gold for British gold, as he gould easily
have done either in London or New YORK.
But so it was. He presented gold-plece 20
nav for his breakfast, and JOIN BULL 'oeaghed
1t. Was there ever better or more POSITIVE
demonstration OF the fact that gold constl-
tutcs real money? The landlord knew
nothing about American coins. Dollars
was word not familiar TO his cars. But
he knew that gold was valuable CON-
modify. lie knew that it was real money.
And so be weighed it, and, after thus as
certainiug its value, politely asked Mr. Ca
REY what kind OF British currency he de-
sired to have in exchange for it.
Now in this incident Mr.. CAREY has fur
nished afuIl answer to all his GrecnbacK
nonsense. Suppose he had handed green
hack 70 BoSIFAcE, what would he have
done with it? He would have refused 1t.
He would not have accepted it at all. 1t
would have represented nothing valuable so
far us he knew. 1t would have been rs use
less to him as any other piece OF printed
paper. SO far as his knowledge extended.
He would never have weighed that. 1t had
no intrinsic value, and we'll he knew the
fact. The greenback promises to pay gold
do llars-that is, every greenback is redeem
able in gold-but B0NIFAcE knew that the
place of redemption was not in England,
and so rs he could not take tie greenback
at its face-valuc he could not take it at all.
He could not weigh that and thus ascer-
tain its value.
But this incident also disproves the theory
that the Government stamp gives its pnr-
chasing power to currency. Suppose Alr.
CAREY had rendered a piece OF brass, iron,
copper, or other base metal, in payment Ior
his breakfast, and that this piece OF base
metal had had exactly the same words upon
il that were upon the gold coin, would
BoN1rAcE have taken it? Not he. Ii he
had weighed it, he would have found that
its real value was perhaps less than penny,
and though it might have been marked
IS i've dollars" and been quite as large as a
fiye-dollar gold-piece, he would have laughed
to scorn the man who should have tried TO
palm that base metal of upon him as money.
Mr.. CAREY has, we repeat, completely an
swereI all his own defamation. he has
Illustrated the TACT that money is money;
that it has real value; that its value can DC
learned by weighing it as well as by count
ing it. This is the distinction between
money and that which merely represents
money. Gold is money. Greenbacks repre-
sent money. Gold speaks for itself and
stands for itself. Its value may be ascer-
tanned in the scales. Grcenbacks have no
value in the scales. They are absolutely
worthless except in SO far as they represent
real money. AS says the State, 9 the ire
deemable greenback is irredeemable non
sense.''
Let the people Of Virginia think On these
things. -
Poor Men.