Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1878-09-05

iue ioiIoWlhg profession OF latin we copy
from a leading greenback paper In this
State. IL says: by honest money" We
mean a money that shall be available for
all classes, and not for the benefit OF one
class; that shall naturally 90 into clrcula-
ton, instead OF being locked up forever 10
inierest-bearing bonds; that shall not be
turned over and over by few men. so that
one dollar may pay them the interest OF
three; that shall be applied to the dis
charge OF all liabilities not otherwise orig
inally provided for; that shall be based on
the resources. credit and faith OF the ma
ton; that shall. In short, be As good as
gold. We believe In meeting the bonded
debt Of the country according TO the origl-
nal contract, without giving undue aud un-
justihable advantage TO one class, at the
expense Of all other classes,
Does any honest, thinking man believe
that the currency Of this country is not
available for all classes e. Does he believe
that dollar Of this currency will not pur-
chase as much food or clothing. In the
hands Of one man as II will In the hands OF
another: Does any sensible man believe,
II the government bonds were TO be paid
1t once in greeDbacks, that those green
backs would naturally 10 into circula-
ton" any more readily than the currency
we now have: As matter Of fact has not
the government promised 10 pay those
bonds In coin, and If they are paid In any
other way will not thst promise be violated:
Is ii no; also fact that violation OF tina,
promise will destroy the faith which forms
The basls OF ths National credit Does any
man Of experience believe ihat more green
backs wsala not IS readily ''bs tsrssd
over AID over by Few Esu," ~ Ne eur
rcocy We now AAvsf Is 10, the currency
OF to-day applied 70 the discharge Of all
liabilities not Otherwise originally pro
vided fory' Is not the present currency
biased on the resources, credit and faith
OF the nation" and is not the security much
greater than Il will be when the credit and
iaith OF the nation has once been violstedg
Does any man who has read the debates In
Congress which proceeded the Issuing OF
the government, bonds disbelieye tha, the
meaning and intent, not only Of those who
supported the measure, but OF those who
opposed Il, WAS then. tina, those bonds
should be paid 10 coin, and Is Il any the
lees the meaning and inten, Of the original
contract whether Il WAS so stated In the
bond, or nots Is q government like these
United states TO descend TO technicalities
In dealing with its citizens who placed their
fortunes at Its service ut the time OF is
sorest need? The credit OF SO great ma
ton should be so carefully guarded as to
be above suspicion even, and such would
be It's condition to-day were 1t not for the
cry OF the greenback party for infatien.
Every man who has taken the pains 10 10.
form himself knows that We now have
more currency than Is needed to carry on
the business Of the country. II such vas
not the case, would money seek invest
ment At 4 per cent? What We do need, Is
confidence, and this cannot be forced by
legislation nor by appeals to the passions
and prejudices Of the people by irresponsl.
bic men. 1t must come through faith In
the stability ofthe currency OF the country
through belief that each succeeding Con-
gress will no, be allowed TO tamper with
that currency; through = feeling that the
capitalist and the laborer have Interests
ia common. and that each is essential to
the other. Every speech that is calculated
70 array the one against the other 10 blow
at the confidence that is requisite to the
improvement Of the industries Of the coun.
try. When men believe that the value OF
our currency Is firmly established, md thai
the efforts to arouse the euimity Of the la
boring classes agains. capital have ceased,
then will the wealth Of the country seek
investment In the various Industries and
the people once moro become prosperous.