Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1879-01-10

sitself, augment its freedom of circula-
ton, All must see, il did not inpart
10 il the equality. Theoretically required
Of holdings units place mlthe invento-
~ Of the contemporary wealth of the
country, did not lif, il out Of the cate
gory of arbitrarily reckoned money.
did not make il indeed, other than
"hat-mones."
The Iiat-money orators pointed TO
this, With no little effect. See again,
said they in continuance, won have
not hcSitated, by statute. to dilute
your silver dollar by several grains Of
Weight ot tho precious metal, willing
to make the unit of commercial ealcu-
lationS cheaper and more abundant
You have been busted carrying out
our principles. You have been water
ing the currency,
The Chicago Times, taking the
ground dictated by abstract theory,
Oh this subject, has Knocked those Of
the Democratic party who ha1e be-
iriendod measures looking towards the
cheapeniug OF the legal tender dollar.
accusing their leadmgmen Of duplicitv
witness its mVertiVeS especially
against Thurman and oorhecS. Our
selves, il is charged, have, in oar huns
hle way, figured rs two-horsc rider
on the finance qoestion. cur position
has been neither the extreme right
of the Republicans nor the extreme
left Of the FiatistS. Ii has been that
Of the left centre" to use a French
phrase. We have been in favorof miG-
way coarse between holding to i legal
tender dQllar-pieee that was too costly.
and authorizing one that WaS toe
cheap. And fer our justification rs
against such critics as the Times, who
who would tWit us upon rccreancY
to sworn creed, we have 10 say. that
the whole matter must needs remain
4 good dead loose, and indeterminahle
by reason of its conn lexity That theory
suppoScs naae but soma f'lc dollars
worths. Solid valuables, To he upon
the market, fol mNentory, among
which Il Il that the legal tender dol
lar il to he the unit of eomrarison,
whereas the q 'llar piece rs AL know IS
brought intocomparison comm efcially
With 4 miscellaneous troupeoi things
some have gaaaiue worth, and some
yay ing oah ideal worth, WitA shares
Of stock for example, Of ONLY nomjaa !,
value, wigh municipal bond claims
OF real utility at "eornered" prices.
ma |. In akic:usG II Y, ,hgqqs!ls ulaSiore iiol
having defended the diluted silver
lollat;
Tie yah,ables $50 calledl inter
changed iii commerce, tho things
bought and sold, the Obligations a{
sulned. and on the other hand, tho
claims set up, are themselves motor
iousle ehcre aud there, y good deal "he-
rms" by which We mean, based upon
Il hat mus. bo held Il he III inflated 81
unjust valuation. And it seems con-
spauently No more than fair that 4
similar degree Of deterioration or dlla'
lion should upon occasion befal the
counter III whose terms the Signlii'
cance of contracts IS 10 be enforced.
we take II to bc as near an approx
nation To the right ~ we are likely TO
reach, ii by and large the shortage o.
the dollar-pcep on the one side goes
even part way toward offsetting the
shans ON the other And If there be
4 better way of accounting for il, that
j the use of irregular money has not
1 long rre now been the cause Of break
ing down Of all sound commerce
among us, we Wait 70 hear Of it. II
would appear that the paper dollar
though not intrlnsicallya unit anlona
valuable" has nevertheless been fair
IN enough 4 unit among dollars worthS
is held by Law, and such fortiorb we
have alight 70 say the short weight
silver dollar Will be-. -