Weekly Chillicothe crisis. (Chillicothe, Livingston Co., Mo.) 1878-19??, 1879-08-28

ShNhblAhl DneIlum VIII Wdhc Hls
opening speech in the Ohio campaign al
Steubenvillc, on the Goth of this month,
He will speak on the financial question.
The total loss of the English in IthC
great battle of Ulundi, In which Cetywayc
was overthrown, was ten killed. The
Zulus were moved down by the Gatling
guns before they could bring the enemy
within the range OF their own small arms.
A PERPETUAL money oligarchy, with
powers passing from father to son, in con,
troll of the Legislature of the republic, is as
heartlcss tyrant, and as incompatible
with constitutional liberty as the most
arbitrary despot that ever exercised sovor-
eign power.
If the credit Of the United States is
ample to float two thousand million dol
lars Of bonds which command a premium
over gold, simply because they draw ) pei
cent interest, is it not good enough to
float an equal amount of greenbacks that
as the hand maid Of industry can earn d
per cent?
Every note, bond, mortgage, or other
monied obligation given in 1873 and prior
to that, was given for dollars of the then
value. Now as the bond and mortgage
holders have succeeded through contrac-
ton and resumption in raising green
backs to the value of gold, why should not
the debtors combine and through legis-
lation reduce the face of their obligations
to their gold value when given?
MAJOR SUTTON, the Greenback candi-
date for chancery clerk of Rankin county,
Mississippi, was waited upon by Demo
cratic committee and advised to withdraw
or take the consequences, upon the Yazoo
plan. He called his friends around him,
intrenched himself, and told the BULLDOG.
ers to come on, "and damned be he who
first cries Hold, enough!'" lie still
holds the fort. This is the pluck that
wins. The way to fight the bulldozers is
with powder and ball.
MEN who rejoice that hard pan has
come and felicitate themselves on the fact
that the bottom has been reached, that
they cannot get any lower and that the
next change must be for the better, and
continue to support the men and the policy
that Frustrated them on the ground, would
thank the highwayman who should knock
them down and rob them of the last cent,
for leaving them where they could not be
more destitute and reducing them to a
condition that any change would be fol
the better.
IT is claimed that it is unsafe to trust
the money volume to congress, as that
body would be liable to unduly initiate it.
Coin can be inflated as well as paper; and
over the subject of coinage the constitu.
ton gives congress absolute control. Be.
cause the quantity of gold and silver is
limited, initiation of coin is not prevented
The Flaw prescribes the amount of metal
to be put into dollar. 1t has changed
the qauntty several times and it can
again. If the law said that each gold
dollar should be coined into twenty pieces,
and each piece should be legal tender
dollar, it would be as much so as is the
present dollar OF 25.S grains.
The best safeguard against initiation is
not "specic payments, but public intel
ligence.
An eminent writer on political ccono-
my has said: "Money is an evidence Of
debt. 1t token that the holder has
conferred some valuable thing or service
upon society. 1t is debt put in form Of
universal negotiability, without need Of
endorsement by him who parts with it,
1t consists Of certificates that its owner
has performed certain amount of valua.
ble labor A man can put these ccrtifi.
Gates in his pocket and travel from place
to place; every person will take them rs
an equivalent for services, because they
in turn can call on society for services in
exchange. Even coin is an evidence o
debt, which is paid only when it is ex.
changed for commodity, Or service which
is equivalent to the value expressed OIL
stamped on the coin. Money is never
eagerly sought for on account of its in
trinsic value, but because everything
which is for sale can be had for it,"