The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1878-10-03

States has now made It's note OF credit
: equal in purchasing power and ex-
4 change value to the dollar it promises
! to pay. Every citizen and all political
J Ip}Tties should rejoice in this colsunl-
i Illation. The faith, credit and honor OF
title nation should be the care of every
I citizen and all political parties, and
these can only be maintained by an
Honest fullfilment of the nations obli-
cations to it's creditors. It should be
a source of pride especially to every
Republican that during the period the
Republican party controlled the ma
tional government the credit of TIL e
United States was advanced to the
very highest rank among the nations
of the earth. ii
POSSIBLE DOLLARS.
I have made a partial examination
of the nature of money of value, sufi-
cient for the present purpose, perhaps,
which is simply comparison between
that and other possible money. A
pound weight of gold will make in
round numbers 145 gold dollars and
the pound weight is worth very nearly
$145. It is worth that because it will
exchange for commodities of equal
value here and in other countries. A
greenback or bank note represents a
dollar of coin, dollar of intrinsic
value A pound of bar iron of the
value Of two cents can be made into
145 pieces of the size and form of a
j gold dollar, and the law making power
can enact that these iron dollars shall
be lawful money to pay debts with.
!, Here We have dollar worth the 72nd
part of one cent and the law clothes it
with power to pay 100 cents Of debt.
But there is one thing the law cannot
do; it3eannot clothe it with the power
to purchase 100 cents value of COM
} modities. The law cannot change the
value of iron and if the government
should spend it's whole energy in stamp
ing small pieces of iron dollar and
i. showered legal enactments concerning
it like leaves on the trees it would fail
to make it worth as money more than
a few cents per pound averdupois.
: And still another dollar is possible.
Bank note paper is cheap and is much
more convenient than iron The in
trinsic value Of dollar of it or a mil
: lion dollars of it is a mere nothing.
F There is no limit to it's production be-
You'd the wants, fancins and fallicieS of
a "National' and Democratic congress.
No sane man could for a moment sup
pose that such asource Of power could
S of such materials make a stable cur
! rency. Such currency has none of
the qualities of money except the sole
d one of legal tender. Having no Ger.
: tain valre of it's own it could not
y measure value or exchange it.
Ii THE DOLLAR WE WANT.
y When the poor laboring man by his
honest days work and the sweat oil
: his brow, has earned dollar he wants
an honest dollar, gold OF silver dol
: lar of full value in payment. Witt
5 his gold or silver dollar he can 60 into
Y the markets Of the world, and buy al
~ fair prices to supply his wants. There
+ is no doubt about the value of hismon
: ey, and everybody is ready to give him
Q full value in any commodity he wants
q to buy. No stamped paper dollar, I'm
/ less it is instantly convertible in coi1
: on demand can. be, a. fair~a and JUS
d equivalent for the toll of the laborins
: man. And the merchant and the man
s. ufacturer and the shipper need just al
/ good dollar as the poor man. Indus
q try cannot thrive, trade and commerce.
cannot flourish unless they be nourish
e ed with the poor laboring MANS homes
9 dollar All legitimate business ant
\ trade is transacted on the basis Of tn,
q honest dollar, the dollar of full intrin
Ii sic value, or it's true and honest paper
/ representative @
WHO WILL GIVE US THE HONEST,
ua5HF .ts DOLLAR. -
Ell The Republican party created tn,
/ greenback and authorized the nationa
/ bank-notes, and together they consti
Q tute the best currency ever Furnished
n to the people of the United States
/ They are now at par with inand o
q p0IJo1 miro q cinn rnvrnJ. o,,1 vrl;11 Il,