Weekly Chillicothe crisis. (Chillicothe, Livingston Co., Mo.) 1878-19??, 1879-08-21

From the Terrc Hlute Express.
Hungry, idle and almost naked, men
stalk the streets, or lounge on the corners
boasting that moe ne hare dollar that
is dollar" Genounce the Greenbackeis
because they desire ''to flood the country
with irredeemable deprecated currency.
The stupidity of these men is equaled only
by that of the slave who boasts of the
chains that bind him, or of the prisoner
who exults over the size and strength Of
the bars and bolts that confne HIM. A
famine might enhance the value of the
coarsest and most frugal meal to an equal
ity with the feast Of an eplcure, but the
poor devil who would advocate the finan-
cial policy because it enhanced the value
Of dish of soup to an equivalency with
porter house steak would display as much
wisdom as the majority of those who ad-
here to the Republican policy Of specie
basis, because it has enhanced the value
Of greenbacks TO an equivalency with gold
Cast your eyes over the world, travel the
length and breadth of the land, visit the
fields of the husbandman, the workshop
of the mechanic, the channels of labor or
the marts of trade, and one universal
want pervades every department of enter
prise, to wit, cheap money. For the want
Of it trade languishes, enterprise is ham
pered, and labor is either idle or INSULT
ciently rewarded. The reason that green
backs are as good as gold is because they
are scarce, hard to obtain, and are dear.
We all want them, but they are too dear
for most people to indulge in. They are
like soup in famine. They are as good
as gold for the same reason that meal at
the soup house in time of famine might
command as high price as a steak at
Delmonico's. As every productive inter
est is famishing for the want of more
money why should they desire it to be
dearF
Men who are suffering of thirst do not
rejoice to know that water will command
the price Of brandy. Ii they are freezing
they do not pray that fuel may be as costly
as diamonds, or if they are naked they
would not contend that wool should be
advanced TO par with silk or velvet. Men
forget or fail to recognize the fact that as
money advances in value everything else
declines in a like ratio. They do not con-
slider that advancing $3.50, 100000 OF
greenbacks topaz with gold, adding $780, |
600, 900 to their aggregate value, has de. |
preciated $50, ,000,000000 Of property 2j |
per cent, involving an actual loss Of over
seven thousand million dollars to the pro-
ducers and property owners Of the United
States. They forget that the industries of
this country are burdened with ten or
twelve hundred millions of interest and
taxation, and that 'fhe dOlldrthdt is dol
Tar" has added 80 per cent. to these
Burdens. They forget that dear money
means cheap prices and low wages.
They seem not to realize that the annu-
al shrinkage in the gold product, with the
increasing demand for that metal has
caused it to advance in value nearly 40
per cent. within the last six years, and
that It's value, relative to general prices,
is steadily increasing and that so long as
greenbacks lemain at par with gold, it is
impossible for general prices to advance.
Short crops in Europe may cause tenn
porary rise in breadstutts in this country,
and an abundant harvest may give the
of prosperity and revival in
business, but resumption and specie pay.
ments are entitled to no credit for it; on
the contrary If greenbacks were 40 per
cent below gold our farmers would re-
ceive for their crops DO per cent. more debt
and tax paying money. If green backs
were worth no more than they were in
1873, our surplus crop this year would
bring $3.50, 900, 900 more than it now will
and every dollar would be par for the
purpose Of paying debt and taxes. Men
hug ''the dollar that is a dollar" and go
m ppnl stand IDLE on thp street corners |