New-York tribune., 1878-10-25

topising thing 10 me is that there should be public men
protesting confidence in the people who should go 9p
the peoples Intelligence. or influences that eorrupt
their morality do not believe that the d. common
| basis OF our institutions. which Is common hOntsst5,
common sense courage. common sy@PSsthfg PpSrft
with anoher's burdens is ever to be turned aart
under such preaching as this. IT, indeed IN MAJ,
ter OF finance, we could suppose that TINS "a
ton hSTtr should S5 f' depart % from cur financial wis
dom, why. II would depart RON the ot Vtne tner
that the people, when they know what IL is that ths
physician or that financial Pope Is saying
| put much faith ~ their wisdom or Instructions.
| UNLIMITED INCREAsE OF GREENBACKs.
| But, gentlemen, there is another form Of financial
doctrine which Is not easily dealt with, and which
deceves beguiles good many people. l mean the
notion that an unlimited amount OF the financial paper
OF the Government requiring IN some form or another
an adhesion TO value. may be put out as saving
TO the people H. regard TO interest and other burdens
The principal issue this matter TO be between
called vOnme OF the notes OF the United states
sufficient furnish all the paper money OF the country
and the subtraction OF the bank note, which now
furnishes about onehaf OF t. But all these reason
crs do not proceed far enough in their inquiry.
| There il DO mode by which any money be
pad out OF the Treasury Of the United STATES except
nnnn AN appropriation OF Congress. There IL mode
In which II can bo paid out except upon the reception
into the ownership OF the country or INTO he treas
mrv OF something winch takes its place Now the whole
amount - so much Is taxation reduced by Repub
Ican Administrations one alter another-0f that SZoo
OOOGOO or T2iOOOOOoO WIN make the circuit OF pay-
aud receipts and we have already more Of the
/ mo o
notes tnan is necessary to complete that circuit
You must then. either have contriyance by whlgn
FOR the purpose of giving vent 10 n greater volume
of these United States bonds than i now on
ne used In the redemption Of bonds. WelI, ex-
pcnditures not the policy OF tho Democratic party
Economy and reduction Of expenses of tho Govern
ment TO the lowest proper level eommea,
strength and the periormance Of the duties
| tho ATe
In discharge Of the bonds OF the country Certainly
not upon any other basis than such as the holders
OF the boDds submit to; and such Is equivalent
sIood TO oe and is felt 10 be commsnsurabe with true
intrinsic money OF the world. II you say you VIII pay
your bonds that aro now on their promise payable
either presently or IN the future by something when is
not payable at all-that can understand II you
say to the holders OF those bonds " BRING
ON their face they never should be pad -
tEat can understand; but J. UNDERSTANDING them rs
but a reputation Of tue public debt, and these
people are TOO nte1gent-t they mean TO re-
pudldtc the obligations or me puIhc iallh-not 10
rrpudiate them Glrocy they are too intelligent to play
Trat brings il immediately into the Of st money,
or Of moLcy nlrnscaly valuable aud not repre-
~ ,,r oncsS n, eurl volume as tIn GuaucIaI wisdom
Of the country direct. compatible with every dollar
G % @ ti,i,r ~ yr6auges bat docs nor undertake To- do
what any Government Will not be permitted by the !
people to do Tor one instant.
What DO inc people trust the Government with |
whether il BE- y monarchy. desrOtism free country
Ike Ours-wnat 90 tho people trust the Gov !
Shi. Sdthin. bGt the weighing refining and stamping
OF it. Any Governments that undertakes 10 debdsc |
will soon Dc at issue Win the people ana G0min crime
against state Let us understand The reason that
gold and sycr measure value il that they have value
ure value is thnt II measures gold aud silver
yaiue. But bow can you measure extension without |
vour fuIl mrasuIc, your yaId-stck pOssess-
rs5,cIty without your busnol aud your |
qu.st being able TO hold capacity Can |
tif u uutF Ff-fltsI Nj ne
bottom out And - you can measure value only ~ !
value. member 0i great roalle.l party IN one oi
a yarI-siick OF Cuart-meusurc being redeemed, |
a., , i, mot any more need of rcdccmiug paper than
tu,scIs oI Iedccu!nS quatt-nodsurc or yard,surA.
W,U / believe every civilized Government has 4 |
srr a. W,irnts aud measures. amt frequently short
Inci,urcs aud snort woigLts are redeemed by the /
Government, aud those who dealt WIN thtin are made
10 fee that there n a control But when you come to
yaIur you may not call redrcming, II Is the iuter
clnugcahilIty Ol value FOR value, ana DO people, |
o,,r thSlr GoycFnmcnt as our people posse, A.
no people. made up as our people are 10y lsb'rn2 mc
r bout privileges without exemption, with entire
ri.dr.r or permit intquaiiiic,-uO such people |
EIu ever expose their labor 10 b. measured |
by arbitrary system t1at Is not measured Ils'h Dy
The laborer akcs the gold coin or paper that is
interchangeable wIh IT, simpy knowing that there Il r"
iin," ii, O., H'.,5;d and tGnt i. vaiuable 'Why. |
1 have sen t stated by competent authority |
Iaat tbs Whole cpdutIy there are At al times an
inr ci,. The cnrncrs uf wag,s nrr going TO trust the
drbtor class 20 tbcm OF society. TO make money /
c I 5aSa % AGH G az 'n, ez"haSH SH i'' OF society
whether by barter or By nermslmtio4 OF
very willing TO trust tneeo people. have |
never Seen anybody inat l should expect ,,3 TO
arc at,rDutDl to The 'Glt apostles, aud tho irrc.
performed / have never sen any such distnc-
uuD between Ia" !ul'lscncc' the sagacitF. tho
they called IN distinction from the rich people.
thnG the rch people get into quite ~ many tcHpts
fht lttsF faNH no
that there L. any danger OF any portion Of
our people Wurshippug any OF these dreamy |
Ihcorist-. Wei, suPP".ing tuat somebody snould
preach that the moon b cay made OF green cheese and
any Jhcr iou Of cheese how many OF your country men
do you tnui you would see on moonlight ngnt hlnng
count them by millions, by hundreds OF thousands BY |
thousands or teu7l No. there Is purpose 10 begne or
deceive, or msrad, and 10 gain possession |
OF power under some naterlng or some careless
acc c.ptaurc hy the people Of this ar that nos !
trum We ng ready ana willing to maintain The paper |
money that have always bceu accustomed I" aud ut
any man OF o uS %Iit t', " T hI, Itc,r
money s good. and by good We mean convertible ana |
we Withdraw our Trust henevcr that confidence Is re-
REPUBLICAN GAINS IL NEw-YoRK.
Andnow gentlemen. allow say tnat the Con- |
gress Of the United states is entitled the BEST the
worthest, the most patriotic men, who are ready
carry out the last point OF obligation every commit
meut that Republican party financially. In Its bonds
or Issue VI United states notes. or In the bank
notes that III mas authoIlZeu anu ~ poo'hS ny Chteu
States bonds Is committed to- and that with action
now as 1 understand IL, We may well expect In this
State to gain at least five members OF Congress, |
and may hope to secure the lower branch |
OF the Legislature 10 give a senator. lAppause We
may thus be- able 10 the great state OF NewlOrk
once more the column OF Republican states. II |
yDu do this IL you give the Judge OF the |
Court OF Appeals, who counts for tho State ticket.
mn able, an eminent lawyer, your votes and
show majority OF thirty or forty thousand Tor hm
Won add To the numbers Of your Congressman you MI
the house o the Legislature and add IT'S choice TO
your Republican Senators, man can say that, how
ever the state lost 10 us, 1t has not been regned