The Morning herald., 1878-11-04

md then look 81 things to-day We were
dyeeivrd at that time. What deceived usi
/ Irvasa false measure Of values. 1t was
fsise money that appareDiig took mems
re.son away from them ard made them
bind to the fact, Applause The msin
IDEAS we're false. they were built 90 the sADo
aud that 10 why they fell. Bat feiio~ eHi-
ps mark this, 1t will no. do for nan |
whose house Il on the sanl to put more
sand under i;.-(Applause
The &c ion wL.eh caused TINS iaIse mes
sure Of yalues took place in lS6l. fefnaps
the men who did It, thongbt they were
doing right, then. but Dov they VIII con-
l fess that they made grave mhtake. Ano
! to, bay when hear men talking Of repeat
| log this error, stand In smszement and
| " hen / hear Of 1t growing popular then all
th 'cuder VIII my voice rise In warning.
When Fnelard 'curd herselfi In the midst
o, great distress 200 years sgo, tine aid OF
the clear. calm and profound intellects of
Isaac Newton and John Locke was called il
The one the true philosopher who put his
ear close to nature and ipterpretst.d her
worss. the other The student and writer on
ate sff.irs OF importance. 1t was those
| { 40 men meeting 10 QUIET was they VITO
gave the English people relief and brought
order ont of chaos. We Should do ike
wise. In this time we must do the best We
can and perhaps The cloud will soon pass
awsy We must vote 10 few days and
when we do, let us SEE that, thst vote Is
right. Il will be 30 much ipfaencs and .
wave of ssptment, showinghow we think
on these questions. ,,
Now iust here, let me draw for little
time my fellow iownsmen. what money Is
and why gold and and silver Is the standard
money 10 the world. Let rs for example
take q merchant 10 Cuba and one in Della
ware. Between the two for long time
there msy be q constant exchange OF COM
modities of vast amounts aud yet not one
do lar passes between them. This is sim-
ply because property was exchanged for
property ard thus bstweea the two equaliza-
tionwas reached. They we.e enabled totest
/ eaualiz,tion by yard stick and while they
dealt In commodities those commodities
were described In terms, and the measure
WAS simply kept to show that tae right
anouit had BEEN received. But suppose
that one OF those men had yard stick that
ould decrease in leugth whenever he was
{ measuring goods TO be sent 20 his fellow
tro1sman; would net all further transac-
r.ots between them be at AN end az soon as
the unfairness was discovered
Now gold 10 the common standard of
value tic world over and you cannot 6ud a
, land where 1t does not freely circulate. 1t
J. Is the same In value and purity, comiCg
:. from whatever mine 1t may and IL is al
wsys the same, in whatever shape or 10
whatever use you may put 1t, With gold
IS circulating medium aud sAEdard oi
:. value, there cap BE- NO redundancy OF the
!: currency because II in one land there 10 too
| tt mi o. - r
cunt ahel here Is d Vacancy ard b ing
uni ersal money It, voluut r ly regu-
Ia es isrell to f,e demand.
1 It Ia q cd assure o. valu', brcause ifs
vaiue Is the same ev ryHb"re Il the
mou-y b.. ialsr, tben be measure will be
', false, il the money bt rue, then the mea-
' sure viii b- trur if h money is fucu4-
ting, tnsn lhe measure via nr auctu 4ting
snd II the moDeg Is ct 'ls he measure
will ne eta bic also tAppl,us }
b But ho ~ ~as tnis ial-r nr.tue of values
r, reach d. Cougrets was emuO~.rrd to caiG
money aud to reg ulate he Oiume and
10 value of that money. We saw the evil
- feet. loDg ago snd nov it IS proposed to
d. that ngaiu canaot express my disgust
" for slch a prep 1T on "Fiat mouey" 1t IL
? O. led aud 1t is a phrase of conttmps and
G. one likely to CT me from II lips Of he whe
originated it and who is now trying by fail
means or foul 10 ger into the gubernstona
70 enair of Msssscbuset s-(Applsuse.)
1t was TO our sorrow that we commenced
III 0 once before in moment OF mad FOLLY
t. and T. was aEowing that we are reaping II
h sorrow to-day. They took the power iptt
/, their hands, they set the printing pfsss tt
~ work and turned out the treasury de0ant
as note on which was printed g. his Is dol
L. lar" But 1t would not circulate freel,
and despite all they could do their fla
10 money tell q It and into disreputa. This at
ca tempt 10 create values bewiiderrd men
was that which lead them to think, tina
i loss was gain and that impoverishmeDt wa
"a enrichment.
Physicians tell US that no diseases are s.
II occult, SO illuoive OF the healing art, a
rs blood poisoning and so When money, whic
- Is q Republics lits- blood, and the measur
n, Of all exchanges ard of all reIstive values
has not in itself an actual, stable vaue
7 1t destroys every coutrs,t AID busines
n. transaction aud stroys all possibility {
IL. compui ing relative values. Aud from th
NJ tact 1t 10 our duty to strive for an honet
a money ank to yet tbis land in health
= conditioD.-(A Americas indu
rial position must be held but this canne
nh be done with false m )ney.
al Aud nov we contemplate the fact tL,
10 there Is a patty strongly advocating tn
ie issue of greenbaeks. There Should be \
y" tuch party. No man Is it to hold the pos
nd ton OF the simplest American citizen wi
nd would thus tride with the nations priva
IN faith. 1t its credit cannot be sustain.
,ss where ask is private credit. If pub.
ID credit is cru'hed, pubic igDominy will pr
air vail. Let US agree upon one th1ny,-thl
,,s we will not for even moment tolerate
-" man who would destroy the credit of OF
IN country.
~. At the door of the Republican party mu
the this crime lie, at their door mutt lie The e
;. n ror, do no. say that 1t was an intention
ion blunder but nevertheless they did awl
d with compass and rudder and set the sh
hs, OF State adrift. When the war was ov
Secrttarv Mc(,nilnuub adopted q uood nj,