The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1879-11-21
AN ARRAY OF QUESTIONS FOR HARD
Planners TO ANSWER.
TSelected.

stbuteStsO ~ ssauO ~ 6tss
[Selected
Friend Demo Republicans, as your hard
money partnership concern has great deal
to say about our Greenbuck lunacy,o :" fl
at craziness," dishonest money, ETC., we
presume you will heartily undertake the
missionary work of enlightening us upon
few of the points in dispute. "Come let
US reason together" and yoa do all the talk
ing, and see whether you can give a reason
| for the faith that is in you. If you can not,
you had better join the Greenback craze. %
You should not vote the hard times ticket
unless you can give good PERSONS for 80 do
ing
| Is there any authority, higher than The
| the laws which create dollars, pounds,
| they created solely by the fiat or decree of
laws, and does not the law-malking power of
each nation select such materials as it pleases
upon which it stamps dollars, pounds,
! francs, ETC., etc. Is it not enc of the most
| important duties Of every government to
provide an available suitable and ample cir
| culating money of account for the use of
| the people, and should not this money be
kept steady in its amount per capita, in or
der to not cause fluctuations in the prices of
property !? If so, how can it be done if the
| ulOnCy on IONAuCu bC C<ApoA OaolCS fCl WoAoC
yet, if three fourths of the money be not
exportable, but based on the remaining one
fourth which is exportable, SO that a slight
| foreign demand for coin cauees not only a
shrinkage of money with rs of the amount
exported, but three times as much more of
the non-exportable money which was based
upon it :? AS any money stamped upon sub
stances possessing a market value is subject
to this vital defect, would it not be better
/ 10 tahI 10 hoco
sole issue of money stamped upon valueless
materially upon the same basis which the
| United States bonds have, viz the nation
and all there is in it?
| If the law can make II cents worth of
nickel an ''honest dollar" why can not the
same law make IS cents worth of silver an
honest dollar? Does not the price or
value of all metals, gold and silver included,
fuctuate according to the supply and de-
mand Does not the price of the raw gold
metal go up aud down? If so, how can it
be standard of values !? As gold is known
to be growing scarcer, the world over, and
the demand for it is vastly increasing, and
it is being exported from one country to an
other, vainly trying to fill the demand, will
not every country In turn, unless it demon
etises gold, experience great initiation and
contraction Ia the currency based upon this
metal, and consequently in prices, causing
periodical crashes? Would not constitu-
ticnally limited issue of legal tender United
States haa,ia. having no interest, genuine
greenbacks) IL. !, batter home currency, not
being eubjec5 10 foreign influences, we using
no coin for either domestic or foreign trade,
but shisf.;mg abroad bullion bars, which are
| fully acceptable abroad as coin, as pro-
! 6uets for sale the same as other metals or
commodities?
| Wha. proportion Of all the gold produced
| is used f,r coins, and what would it all be
worth Per pound if it were demonetised the
world over, and thrown upon the market
upon IL. merits as metal for ornamental
uses Ut has no practical uses, has 1t !? J
Would not god be rather too cheap to be
prised about that time? Has it the intrin-
sic value or usefulness Of iron /? If not as
useful as iron, and Benjamin Franklin says
it is not, what right has the government to
give it by statute q high price and make it
the art;:er' ef the values of all other things?
Has any nation right to issue paper notes
| promisia. TO pay coin to an amount above
the coin it has in actual possession in its
treasury? IF so, what ratio shall be main
tanned three in paper to one in coin, as we
now have, or live or ten to one-and who
shall have the power to decide the ques-
tion ? If no nation has right to Issue
more paper than she has coin. what use is
there in using paper at all +? Are not all pa
per issuzs based on coin intended to be an
imitation il issued dollar for dollar in
the Unit satss, with population of co.
O0o, 600 ana only so, 900, coo in coin could
be acquired and placed in the treasury
must we limit our currency to the ruinous
sum of 81 Per capita for such silly reason ?
| Has not Onr treasury many times had even
less coin than that on hand?
What mere reason is there that the Uni
ted States should keep money idle in box,
while its note is out, than for citizen to do
80: The citizens note is proven to be good
by his property statement, and his reputa-
ton for honesty. Why is not q nations
nr.e the same? Why keep bonds in the
treasury to secure bankers notes any more
than chattel mortgages to secure farmers
notes. when neither are legal tender? Why
does one draw interest and the other pay in
! terest?
You say it makes no difference how scarce
money is-that we can buy everything so
much cheaper, ETC. Are you not then COM
PEELED to admit the converse proposition
that it makes no difference how plenty
money is-it will take more of it to buy
everything. If 1T makes no difference, why
| does the bank ring resist the people who
| wish to have as much as we once had Who
asked to have the amount diminished? IF
it makes no difference, let us try more
| dWullS aDSWtF bile IOliOWlu5 QUESTION
then tell us whethe; it makes any difference
whether money is plenty or scarce Must
not every person who uses money accumu-
late the amount necessary for his purpose
before he uses it? He may be able to ac
quire money but very slowly, and particu-
ly so when money is scarce still he cannot
pay his taxes, buy a horse, or suit of
Clothes make payment on the impend-
| ing mortgage on his home, or make jour
ney, or do any of the million things requir-
ing the use of money, till he does accumu-
late the necessary amount for the purpose
in view. Must not vast amount of money
be thus necessarily idle ? If the currency
is limited, who can prevent wealthy and
wary persons from boarding 1t all, to gain
| by its appreciation, or in fear of investing
it when no investment pays? Can hun
dred men accumulate and use the same
money at the same time If a few are sup
piled, must not the others go without ?
Need this be so? Are not many persons
who have large sums of money, keeping it
out of circulation Mr.. Republican, may
they not be waiting to buy your farm. when
| it is sold under the hammer for less than it
! is worth w. A. WELLS.
/ Corvallis, Nov. 23d, 1879.
ITO be continued.
:
NARROW EscAPE.-The Salem Daily Talk
| of the 22nd inst. SAYS Yesterday afternoon,