The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1878-10-24

ne war, to use the common express
,ion business was booming The
Ireenbackers would have you believe
nat paper Currency alone made il so.
This is not the fact. The currency
ncreased apparent values, but the
condition 81 trade was owing to other
staSes. The Government was an
aormous purchaser. Nearly a mil
lon men We're nonproducers, and had
0 be fed and clothed by the rest.
hundreds OF thousands of dollars were
iastroyed every day, add had to be
eplaced by the industry of the few who were
'tll producers Inc var created the demand
and stimulate trade, and the principal function
N the SreenbackS was 20 initiate values. Now
ne continued issue OF paper, would each day
make the SfeenDack value of every articl great
4, but The cause exciting trade would be lack
ng Now value of articles is relative, aid. if
get $1,000 for q days work, and it costs me
$1,000 for shirt. don't see that am any bet
er OF tnan would be if earned one dollar per
lay, and bought the same shirt for dollar. You
Ilt . nagniiylng glass over little miidew, and
you find there y forest. Have you created a for
est thea? Hardly for forest seen through
The same medium is propOrtOnately increased;
y0ur stoves are larger in exactly the same ratio
Yet You mlghg Just as We'll fell the miideW for
st and insist on using it for firew0Od, as to fan
~ that by tie issue Of greenbackS, you are ere
ting YdjNe. and making yonr dollar worth two.
You would benefit nobody by such d course,
except tne spectators the money power and
nose dishonest debtors who desire TO pay, not
money, but deprecated currency; to borrow
one dollar and pay fifty cents 10 receive from
you cotQ OF wood, aud pay you with piece of
mlldeW. Can we then afford to disturb COM
merce, unSettle values, and revOlutioniZe trade
80 benefit the kitefyerS and borrowers? Ask
yourselves that question?
But even worse results must follow. Look in
tboliSh National Banks, and State Banks will
spring into existence, Instantly as armed men
spring up wherever CadmuS SOwed the dragons
teeth DO you want them? Have you forgotten
wild cat money? Each State viii provide its
own method or securing the circulation. In
Wisconsin The security must be public stocks,
which means anything and everything which
may re present value and may not. In another
tate, it may be mortgages, in another whet-
stones, III another Old rags. Banks can do bus
mess, rs did tile trad i0nal One on u steel axe,
placed in the cellar, andWhich boosted that it's
circulation was issued on a metallic basis"
Before National Banks were organized five per
cent was lost each year to the people on these
bills. Every twenty years. the public lost by
them tie full amount OF their circulation. Ii you
want this feature of the good old timeS,' when
no man could tell the value of the money he had
IN his pocket, support the greenback scheme.
But worse remains behind. Consult history.
Never was such q scheme adopted, but issue
followed Issue, until redemption became impoS-
SlDte You cannot Ieep it. Once make a cIlink
III the dyke, and in spite Of YOU the water will
soon make u crevaSSe. BY every issue, you i'm
pair public credit Government notes come
BACK TO the Governments. Gold hides itself.
Ehe Government cannot borrow. and cannot
pay. BY Initiating prices the currency is viltu-
ally contracted and made inadequate Paradox
ical as 1t may seem, expansion is contraction.
70 Illustrate On july 1862, 800 900 900 green
backs were issued. Greenbacks were worth 500.
Consequently i'll value we had $50, 100000 On
July (. 1858, $500, 800 900 worth 1929 500, 600
on the LIST OF July, 1864 there were in circulation
S45O,0O0O00 One dollar in greenbackS was
worth 80 7-1O cents in gold. Consequently, after
trebling the issue, we had in value, S174,0OO 600
Of circulation This ratio accompanies each is
sue, and the only remedy is to grind out more,
and then more, until as | say. redemption be-
comes impossible, If as these men say, we can
not redeem 1916 100000. how can we redeem
>70a, 5000. or 1,o00, 100000? What then?
1t IS inevitable. and follows "as the night the
day"
Do you or any Of you desire to abet a swim
dler?. DO you or any Of you desire our Govern
ment to become dishonest and steal? Do you
should become a missing and by-WOrd' to
the world? IfSO, vote with the GreenbackerS.
Do you want to hear the cries of the widows
whom YOU have deSpOiled, and the laments of
away? If 50, vote with the Greenbackers.
Do You wish to hide your head with shame,
when YOU confess that You are an American
citizen? Then vote for the Greenbackers.
But #, as believe, it is your desire that our
nation should stand as it always has, prominent
for integrity and honestly If you wish that no
stain should come upon our cOuntry,-H you
wish to be able to hold up your heads, and say
with pride, I'VE are American citizens we be-
long to a Nation which keeps its faith,
Nation whose credit is good as gold 'the world
over, a Nation which sCOrnS to break its plight
ed Word,-" then vote for true principles and
bury out Of sight this damnable heresy:,
lis leaders are not honest. Look at their pO-
ltical records. They seek not the good OF. the
country. but office and profit for themselves
They know better and nearly every one of them
has turned his coat within the last two years.
Let us teach these demagOgueS and political
trampS. that American citizens are yet honest
and just. Drive III I'M out Of politics, And put in
every honest hand whip, 10 lash the raScaIS
naked through the world
Gentlemen, this is the most serious question
that has been presented to the people OF the
United States for many years On some points
you can experiment in legislation, and if dam
age is worked, repeal viii reach the error Here
there can be no repeal. Once committed to this
policy there can be no retreat. You will have
started on the journey to perdition, whence
there can be no return. You will have placed
your feet in quicksand, and must every mo-
ment sink lower and lower until totally engulf-
ed.
Think, then. and think earnestly, before you
eXpOuse such d doctrine. But, J. apprehend,
there can be no danger It is a combat of intel
ligence with prejudice. and among our people
there can be no question as to WhereylctOry
will rest.