Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1878-10-17
WHOLE NO. 1853.
What the Fathers Say.

Those who are now endeavoring TO
mislead the people on The currency
question claim that what they propose
is progress; that il is in advance of old
methods like the steam coach is of
the stage coach Those who believe
this have not read history; those who
have read history and still assert that
the system proposed is new and I'M
tried are tricky demagogaes seeking
TO prey upon those they mislead.
These men will tell you that what the
great fathers said upon this subject
refers to bank or wildcat currency.
This again is false teaching. The
language quoted below refers to al
paper money not based on coin. The
quotations are the words of men
whose learning and experience made
them competent to instruct the peo-
pie and in their integrity the people
can always trust. Shall we follow
them or Pomeroy, Kearney, Butler,
Carey & Co? Read what they say:
Capital may be produced by industry and
accumulated by economy, but only juegers
viii propose to create it by ,egerdemain
tricks with paper.-Thomas Jefferson.
A paper currency is great curse to any
people, and particular curse to the laborer
of any country, for its depreciation always
falls upon the laborer.-Andre,o Jackson.
II (paper money! tends to aggravate the in
equality of fortunes; to make the rich richer
and the poor poorer, to multiply the nabobs
and paupers, and to deepen and widen the
gulf which separated Dives from Lazarus
1Nos. H. Benton.
return to specie payments at the earliest
possible period compatible with due regard to
all interests concerned, should ever be kept
in view. Fluctuations in the value of currcn-
cy are always injurious, and to reduce these
fluctuations as to the lowest possible point
will always be leading purpose in wise legis-
lation. Convertiblity, prompt and certain
convertibility into coin is acknowledged to be
the best and surest safeguard against them--
Abraham Lincoln.
Such edium(irredeemable paper money!
has always been liable TO fluctuation It's val
ue is constantly changing, and these changes
often great and sudden expose individuals to
great loss, are the source of ruinous specula
tons, and destroy all coidence between man
and man. Chief Justice Marshall
Taper emissions by the government are of
nature SO liable to abuse, may say so eer-
tain to be abused, that the wisdom of the
government will be shown in never trusting
itself with SO sedncing and dangerous power
alexander Hamilton.
The loss which America has sustained since
the peace, from the pestilentia effects of IT,
redeemabe paper money, on the necessary
confidence between men, on the necessary
! confidence in the public councils on the in
dustry and morals of the people, and on the
character of republican government, constitute
an enormous debt against the states charges
| able with this unadvised measure, which can
remain unsatished, or rather it is an accumn-
lation of guilt which can be expiated no 9th
erwise than by a voluntary sacrifice OH the
altar of justice of the power which has been
the instrument of it.-Jnaes Madison
| The very man of all others who has the
deepest interest in sound currency and who
suffers most by mischievous legislation in
money matters, is the man who earns his
daily bread by his daily toll. deprecated
currency, sudden changes of prices, paper
money falling between morning and noon and
falling still lower between noon and night.
these things constitute the very harvest time OF
| Spectators and the ictoie race of those who are
at once idle and crafty. = A disor,
dered currency is one ofthe greatest political
| evils. It undermines the virtues necessary
for the support of the social system, and en-
courages propensities destructive to its hap
piness. 1t wars against industry, frugality
and economy and il fosters the evil spirits of
extravaganza and speculation. Of all co,.tri-
vances for cheating tic la5oring classes of man.
kind, none has been more efectval than that
'ohich del,edcs them NTH paper money, This is
The most efectsal Of invntioas to fertilzeMe rich
mans field By the sceat Of the poor mans bro~.
Ordinary tyranny, oppression, excessive taxa.
ton, these bear lightly upon the mass Of the
community compared with fraudulent curren.
cies and the robberies committed by depreci-
| ated paper. - Daniel Webster.