The patron of husbandry. (Columbus, Miss.) 1875-1883, 1879-08-23

SUMPTION mas brought Icliel " TIC So"'t'y
Irish World.
History shows that when any nation
adopts an irredeemable paper money tor
term of years, it produces wonderful
prosperity, causing the working classes to
rise in wealth, happiness and civilization.
It also shows that when this irredeem-
able money is changed by law into "Re-
deemable" money and destroyed, few
months destroys all this prosperity and
punges the producing classes into pow
erty.
A universal "money panic" occurs and
widespread bankruptcy. long continued,
fills the land with misery and despair.
| Every dollar stamped by government
and allowed to circulate as money, should
be made legal tender for all debts, public
and private; should pass by law for hun
dred cents everywhere.
The trade dollar is not money at ALL
| The National bank note is legal tender for
| internal revenue and for the bond. The
greenback is lawful money for all debts,
| public and private, except import duties
| and interest on the public debt.
All such issues are legalized frauds.
| They are unconstitutional because they
establish rank injustice; for our constitu-
ton was ordained among other purposes,
''to establish justice"
Any law authorizing money to be IS
sued, which does not compel all men IN
the nation alike to receive it at par, estab-
fishes injustice, and is therefore unconstl-
| tutional.
There is no such thing as natural money:
Gold and silver are not money until
stamped by law.
Twenty-Five years ago the bankers OF
Europe made war on gold and tired to get
all civilized nations to demonetlze It,
France, England and Germany refused
They then changed their plans and
made war on silver declaring it to be un
fit for money. Gold they say is natural
money.
American gold coins are not taken as
money in England or France. English
coins are not taken as money by France
and other nations.
Intrinsic value commercial value, and
money value are three distinct and sepa-
rate qualities.
Intrinsic value is that inherent quality
of an article which ministers to the ne
cessities of man.
A bushel of good 60 pound wheat al
ways contains about the same number of
pounds of nutritious matter for food, and
| is, therefore always of the same intrinsic
| value.
But dozen circumstances may COM
bine to effect the price, and it may sell for
ten times as many gold dollars in one
place as in another. Therefore,
PRICE IS COMMERCIAL VALUE.
Money value is that quality of stamp,
authorized by law, which is used to facil
itate the exchange of property or values.
Gold, silver, copper, iron, wood, nickel,
leather, paper have been stamped into
money by law and paper, WHICH has the
least commercial value proves the best
material.
Congress has stamped 100000 into
five cent pieces, out of nicllle which cost
about 100000. We had $4,000, 900 of
fractional currency which cost nothing
but the paper and printing, yet it never
failed to do its duty.
In 1862 we had SOC, 100000 of full legal
tender paper dollars which never failed
to be at par with gold from the day they
were made money.
Our present greenbaek would have
been always at par with gold if the law
would have allowed it to do as money, all
it allows gold to do.
If, as the banks say, gold is natural
money, no law is necessary to make it pay
debts.
Therefore, if they must have redeem
able currency, the law should make gold
redeemable in paper dollars.
Give us such a law and gold would GER
tainly be the deprecated currency. Pa
per dollars would be a premium
To stamp paper notes at the expense of
the nation, and TO give them to corpora
tons to be loaned, and to circulate as
money, is robbery of labor, crime
against civilization.
1t is the most ingenious system ever de-
vised ''to fertilize the rich mans field by
the sweat Of the poor mans brow" said
Daniel Webster.
''Banks Of issue are more dangerous to
our Liberties than standing armies" said
Thomas Jefferson.
Under true and honest monetary sys-
tenn financial crashes and money panics
become impossible.
Such crashes and panics are caused by
inEations and contractions of currency,
coupled with high rates of interest,
They are inevitable under the specie
basis system of notes instead of money,
and occur every few years.
The banks suspend payment; repudiate
their own notes; force other people to pay,
and make millions out of the misery they
bring upon otaeTs.
Jefferson said, SsBanks of issue must be
suppressed and the circulation restored to
the government, where it belongs
Jefferson was Greenbacker, and ifliv
ing now would be called lunatic.-INad-
'soH 4NaesendeAAt.
---Ss-sf=@-
The New York Times notices some of
tho curiosities of yellow fever. At the