The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-08-22
srrnnnt,ence Exsraoreainar

The Wlaiq says: 8. -,
ss,rha n;snatch PROCESSES TO be deliga. 6
,,,;.b t,s absolUfe money OF Venice. we,
.a,,s, !. Was based upon oil inc sassSss anu Ia
sss,a, nrnncrty within the coIinnes OF tae
g panr,iscs. That's precisely the basis, OF
.s,,sse 2or The green back, OF
trnasy,ry note. The WISE man Goes nos
sne,,, 10 be aware that all the properly Oh:
s,b,a c;,izen is bound for ali the Obligations
~ The government, and Governments can
make good its claim by taxation All Ifai
estate Is sold and property held suplect 70
all Government dues without express !. re-
seryati0n. We begin to lear sthat tue
greenbaek cause Is in danger OF receiVing
commentator from sources whose praises praises
are deadly poison
The wise man., knows exactly those
things, and has always maintained tnem.
It is the Wig that says governments are
nothIng-the people everything. 1t is the
Whig that declares that the lands IN virginia
arc not bound for her debts. Itssthe Wig
that claims for the people the right to repu-
iiote the Governments debt. It's the Wha'g
that makes spor. OF a States honor, COM
mending even yesterday Mr.. B. JOHNSON
B.asoER's letter in which he shocks his old
friends by speaking OF the /" cuckoo. cry OF
HONOR! What would paper.money DE
worth based upon the credit OF people VINO
call the appeal for State honor /" CUCKOO
cry,,p-or does the Wing claim that the
National Governments credit is more to be
respected than that OF the State Government!
IL not, all its talk about paper-money based
upon lands aud other property is worse
than nonsense.
But what does the Whig mean by saying
that Its fiat money would be based upon
lands. &C.? It does not know itself. 1t is
merely Cabling. Our greenbacks are Daseo
upon coin, and promise to pay "dollars.~
But lands are not dollars. The wings
paper ought to promise to pay so
many acres Of land, or so much other prop
erty. Ours promise to pay "dollars" be-
cause they are based upon coin-so many
grains Of gold or silver.
II, however, the Wing ,oat have its paper
money called tdollars," though based upon
land. &c. it must mean that as the lana IS
bound for the paper-money, the land may
be sold and converted into dollars where-
with to redeem the paper II so, where IS
the advantage of that roundabout proceed
in.9 Why not make the sreen6ack redeem
able in specie at once? What possible ao-
vantage can there be i'll basing paper-money
upon lands that are to be converted into
dollars before they can be used to redeem
the paper-money!
On the other hand. il the paper-money Is
not TO be redeemed at all, what Is the use OF
sense OF pretending that it is based upon
lind. &c. !? How based upon land? The
JYhiq doesn't know. 1t is talking about
subject il does not understand, and talking
nonsense.
AS to the greenback cause, the Wh1g has
no right to speak. 1t is not agreenbackef'
but greenback lunatic-lu favor OF nat
money, irrcdecmable paper, ana Ill Things
OF that sort. We are for greeabacks
which promise to pay "dolars." We are
for ereenbacks like those now in use. Ihe
Whiq is. not. 1t is IN enemy OF the genuine
ereenback. 1t would abolish them, ana
substitute paper-money not convertible into
dollars at all, nor promising to pay dollars,
nor redeemable ia dollars, but purportIng
falsely to be dollars themselves. Such doc
trines are not taught by the leaders OF the
Democratic party, nor are they held by such
a number OF people in the United States as
would entitle them TO any consideration at
the hands of the public. The greenback
lunatics are not Democrats; nor are they
greenbackers properly so called. They are
set OF silly doctrinaires whose schemes
will never be treated in Congress with aught
but dersion.