New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1878-09-28

a q kiipe i stan IA b &siea IL cbuld
net croate weight bat il could feiEe 3 piece
qf Nelnl--thet hae weight indeed and
name It pqqnes il can Sub i1ide Ia III
l sixteen paris, and call each one an 0une
4 but 1t could not create b w0iEltE unless The
weight was there Applauge
Now let us get al idea Of value. The
IS little more complicated, little n 8
abstract than length o. weight but neve
theieas what You and believe by value
/ what the world calls value, b the sal
and all qualities that enter into it are
same Your merchandise has value for
| qualities which are il It; your grain, yc
products, ali that 20 to make up veal
has value for the exclianqeabae qualities
Il, and in rule seeking measure for IL
value. I ask any man who hears me 4
night il II be conceivable that you Of
measure value by that which has no val
In itself [applausel any more than you CT
measure length by that which has
length, or weight BY that which has
weight
defy any man 10 describe that oper
ton Of the mind BY which you can co
ceive q measure Of value that In itself b
no value. ! recolleet once to have read !
singular sentence from Horace Greele ,
| from bis book on political economy, )
which be said he did not know but it W 3
possible to get standard Of values th
was not 80 costly na COIN For instance
said he, II suppose q gold yardstick wou
be very nice thing to- have. but it wou
be costly yardstick; 4 think we mig5t
have one Of India rubber, or Of wood, Z
Of iron, that would answer just as well
/ it would measure Just as exact Certain
we could but can you have yardsti
that has no length2 II you can, you ca
not have q measure Of values that has
value; It is ineonceiynble Capplausel, a
the fat of law can not give Is value. Rat
| then some one comes in at this point az
says shat is all very well as a matter
| philosophy; but suppose, Mr.. Carried
you probably have dollar bill in your
pocket, and with it you can 60 and bu, a
/ shovel, can not you2 Do you say, thee
fore, that you buy it with something that
has no value? How is it, does not every
dollar bill refute the theory you have
/ offsred?" Not in the least, if you viii
follow me moment further.
What is paper money, SO called? j. II
money? It is q title to money, a deed Il
money, but it is not money. Your farins
has his deed for q hundred acres of land
Il IL AutAb bll& lAlQ4 Az ~ R4RCA1 DAt ~ - ALE
! evidence of title that he owns the tarrn
Suppose you wanted to buy his farm; ron
q K at his deed; the first question yC1
| raise is Il genuine or counterfeit? If ID
\ End that It is genuine that it has bee
issued by the requisite authority, then " 3
/ still have another question. You Soc Z
calls for one hundred acres Of land; but
you send surveyor out; he traces 4 g
| lines; he takes the angles; he makes the
measurements, and when he has come
/ back with his measurement and declsre
/ there is in the within boundaries described
one hundred acres Of land, then the aeed
is the evidence Of al 1t pretends TO be.
But il when the surveyor comes back aud
says there are Int ninety-nins acre 81
land, what 40 the figures Or the deet
amount to in the facB Of the saet9 s.
plause and cheers. Suppose the farmers
L in your agricultural districts should say w0
are in distress; our great need is more lend;
if we had more land we would get on bet
ter with our affairs; and now let us 60 and
get law through the General Court Whicl
declares that every man may surTende
up his deeds and have new one writes
with two acres tor every one. LaughA
and applause. I When you can enlaE
your farm by changing the figures in yo1
deeds Ilaughter], then your dairy MAJ
can make more butter and cheese py vi
tering her milk. [Applause.l When 81
can have more cloth by decreasing. yeJ.
yardstiek one-hah [laughterl, VII you
can sell more tons of merchandise w
shortening your pound One-half, then, and
not until then, you can increase the value
You own by decreasing your standard Z
values. [Applause.
But some one meets me with this: An
all, whatever you may say about the t e.
your paper dollar will pay q debt, no n ae
tier how much depreciation may hi
snitten it, and what We want is mon 3
that will pay debts. And now there
| certain element of truth must be admit q
in that. and that, fellow citizens, is ~
chief evil of deprecated currency. Ac ltl
rency that is not at par and Is legal
der has these two qualities in it: One, "a
debt-paying power; the other, It's purcl As
ing power; and wherever these two val Ia
disagree you notice the utmost confusir
and injustice in the business Of life, for
|, the highest to the lowest. If the dbl
paving power and the purchasing powe 3
your money are not alike you are IN a. on
fusion which can never behealed except b
I the law coming in and taking away b
power that pretended TO make them ak
, | / suppose if by the brute force Of Cong y
sional vote and Presidential approya W
I should be wicked enough to do 1t, pr1t 4
bly Congress must wipe out all debts "
universal law Of bankruptcy that decllr
ON certain day sll debts should y
counted as ended. But the man taa
would counsel that, or that would coupss
I the making Of a paper that would accon
plish IT, would be denounced by evil
iair-minded man in the world as vili
[applausel, and if that Is what tie Gree
back movement means We dare orr eis'
,. mics TO force it. IApplause.
WI,,..o- rla,.,.oIad Nam,os