Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1879-08-25

is matter of considerable importance)
with affairs as they now exist. We
have the three kinds of money; they
are each legal tender, and all the paper
is guaranteed by the national govern
ment We do not like an IS cent sill
yer dollar, a trade dollar, or a Mexi-
can dollar, because they are "clipped,"
otherwise the present system is not OBJ
jectionable to us, though it may be de-
cidedly SO to Mr.. Capt" Brown or
'.Col." Jones. When 1t seems necessary
to defend our platform we shall be ready
to do So IS , o. sAes
Capt" Brown found news item in
the MONITOR of last week that afforded
him text, viz: s.The national bank
circulation increased S2,OOO,OOO the
first week in August, which shows that
reviving business requires more money"
That is all true, active business requires
more money, and those doing business
have borrowed it to do business with.
There are great many millions more
that can be borrowed on easy terms
when business requires it. There is
money enough, without the creation Of
any more greenbacks by the government.
''Capt." Brown sticks to his point,
contraction Of the currency was the
prime cause of the hard times" He
states that in the years 1S65-66 the
currency was contracted about $780,
100000, which is terribly u err srron q
1Uus sUatemcnU, anu tnat tne panic OF
'73, and the depression of business was
the result. This is placing the cause
long ways from the result-too far
away. to be accepted by wise fnanciers
as the cause. Everybody that was do
ing business during the seven years
from 1866 to 1873 knows that this was
period Of remarkable prosperity, ap-
parently. "Capt" Brown knows, if he
knows anything about the matter, that
contraction or initiation Of the currency
in 1865 did not produce the "crash''
in 1873, at which time there was al
most as much money in circulation as
there ever had been. The "Capt." talks
about revival Of business if he is at
all posted he knows that a revival Of
business has occurred already he knows
or ought to know, that every owner Of
a farm, shop, mill or factory in this
broad land is busy to-day; he knows
that there has not been a time in the
country's history, when there has beer
better chance for the laborer to find
employment than in 1879. The "Capt.
probably belongs to that party or elias:
whose only hold is on the hard times
croak. His comparison between tn,
barometer and the amount of circulating
medium is right enough. When bust
ness demands it, money will circulate
, men who have it will use it in business
individuals and banks will loan it; blu
when business is dull there is no activ
, flow of money. 1t does not follow, how
! ever, that a large amount of money
{ somewhere, makes the business. Their
Q are times when the business skies ar
: not clear, and those who own the money
: will not use il, nor will those who ordi
a narily borrow it, risk it in profitles
: business. We do not know what th
4 "Capt." means when he asks, why thi
! issues by the bank 1t probably wa
= necessary to allude to the banks in som
f way, as this is the bass string on ever
i greenbacker's fiddle. We are asked
y bank bills are better than greenbacks
Practically, no really, yes. The greer
n backs are to-day worth gold, and so Ion
e as government is kept out of the HAND
Of repudiators, extravagant and unwi:
. . Legislators, they probably will be; b,
j the time may come when they will d.
e preciate in value-the time might con
h when weakened or bankrupt govern
IS ment could no more pay them. than IL
= Confederacy can pay Confederate scri
- So long as government is solvent, bo1
N kinds of money are good, but the "bar
Re bills have not only the governme1
OF behind them, but they have every bar
i :; stakeholder, and every COW, pig and hi
IN that belong to him behind them.