The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-10-23

SThe irredeemaples.

Tho cred ui1sfS VI FeSssH -. $, 81
liz innoeentip that his party Y aa
sayor1 81 4 ereater supply " green backs s
sos q those now ia use, every one soiI
,si & 4 s promise 10 pay . money. Look
II ) eseenback aud read " hat It says 80 The
tinted states win pay 10 bearer I'VE dor
lars. This is a promise 10 pay money ];
and the Conservatives OF Virginia are 10 fa-
ssyor Of issuing as many OF these genuine
creenbacks as may be demsnded by the
wants OF tradc-ali, in fact, that can De
kept as good as real money. But the organ
az thc Greenbackers admits that 1t IS nos IN
favor Oh issuing more OF such greenbacKs
as we now have, but desires to put out IRE
deemablc paper-money without any promise Isl
ever TO pay a dollar Of them. IL charges
us with misrepresenting Mr.. CALHOUN be-
cause we eareiessly stated that he had ex-
pressed himself as opposed TO issuing
: . greenbacks y when we ought to have said
Z. promissory notes y to an amount equal TO
{ the debt Of the country. We had quoted
from Dir. CALHOUN as follows:
alt follows that 3 government may saiely
( contract a debt many times the amount Oh
its aggregate circulation but II It were TO
attempt TO put its promissory notes IN cir
4 cuIation in amounts equal to its debts, an
explosion in the currency would be lneYlta-
ble."
The present greenbacks are "the promis-
sorry notes. OF the Government. Mr.. Call
HoUS, therefore, said substantially Just what
we represented him as saying. But Inc
Whiq declares that this language only
proves that he was in favor OF ga paper
currency which was not conVertioie.~
That is to say, Mr.. CALHOUN advocated II
redeemabIe grecnbacks, and was, III snort,
creenback lunatic! What shall DC said OF
the man who could thus speak Of that great
statesman?
II the Greenbackers are in favor OF 1ssu-
ing an additional thousand millions OF dol
lars OF Just such greenbacks as we now
have, they are in favor OF doing Just what
air. CALHOUN said would produce "an ex-
plosion OF the currency" II they are in
favor OF issuing irredeemable grcenbacks,
not promising to pay money, but purport-
ing to be money themselves, and wish to
make them legal tender, they are in favor
of a scheme which Mr.. CALHOUN not only
never proposed or favored, but which he
would have been the first to denounce. 10
claim him as the friend OF such financial
schemes MS the greenback lanatics propose
is to falsify his history, and to claim what
every intelligent man knows is the very re-
verse OF the truth.
The Whiq claims Mr. HUNTER as friend
OF its currency schemes. Now, we venture
to say that Mr. HUNTER, with ali his green
backism, could not be induced to say that
Mr.. CALHOUN ever proposed to make Trea'
sury notes legal tender. Mr.. CALHOUN
desired to issue them, as be said, only to a
very limited extent, and he never wished
nor proposed that they should be legal
tender. His plan was to make them re-
ceiyable for debts due the Government,
Just as our State coupons are. Issue
as many irredeemable greenbacks as you
please, and they will do comparatively
little harm ii they are not made legal ten.
der. This is the point which the Wing dis.
ENORMOUSLY evades, and, evading, thereby
deceiyes its uninformed readers as to Mr..
CALHoUE's opinions. There is not o man in
Richmond. OF any reputation as public
man, who will say that Mr.. CALHOUN ever
favored any such schemes as those which
the Greenbackers now advocate. ASK MERE
DITH, NELSON, CRUMP, Guild, CURRY, Doc
LEY. ANDERSON, GUY, LOGAN, or any other
man who knows, and his answer will be
that Mr.. CALHOUN never proposed to make
Treasury notes legal tender to any amount
for either public or private debts.