Weekly Chillicothe crisis. (Chillicothe, Livingston Co., Mo.) 1878-19??, 1880-06-10
Which Is Honest Money?

From the Chicago Sentinel.
After France had been defeated by
Germany fine Of thousand million dol
lars was imposed upon her by the con-
queror as a penalty for inaueurating the
war. She was compelled, besides paying
her own war expenses and suffering the
vandalism of both foreign and domestic
enemies, to reimburse Germany for the ex.
penses incurred in the contest.
1t was supposed that the fine, while il
would make Germany rich and more pros
porous than ever would impoverish
France, cripple her industries and paralyze
her war power.
Under the popular system of finance,
the result would have been as anticipated,
but that which not only france, bat the
civilized world, regarded as a great
calamity, proved q blessing to France and
a valuable and important lesson to the
world.
Flushed with victory and pufed with
pride over the acquisition Of Alsace and
Lorraine from French territory, and an
Exhaustive draft upon her enemy's
exchequer, Germany became an easy dupe
ID the shrewd and willy Jews and Shylocks
OF England and the continent, and on the
4th day Of September, 1871, demonetized
silver and adopted an exclusive gold
standard.
Flance, on the other hand, adopted, fol
the time being, a legal-tender paper
standard, and in November, 1871, increas'
ed her blueback circulation from l,S00,-
CI0.000 to 2,3C0,00O,0C) francs, which was
swelled to 3,20O,CJ0,000 francs before the
end of 1872.
She found herself stripped Of valuable
territory. her revenue resources contracted,
her exchequer depleted, and bound to her
enemies for the payment Of vast sum,
intended to exhaust her, with nothing left
but her labor element and productive re-
sources to save herself and regain her lost
position and prestige.
Wiser than her PRIDE pulled conqueror,
she took labor by the hand and said. "Let
us cooperate; help me and | will help
you; call out all OF your talent, genius,
skill and enterprise; set the wheels in
motion. As Moses touched the rock and
the waters gushed forth, so touch the soil,
and let riches come forth. Create wealth
to exchange for the gold Of my enemy,
and | will enrich you and impovcrish him,
while pay my penalty to him!"
Labor responded. 1t gave to France
the products Of the soil, the vintage and
the workshops Of art, in proportion to the
liberal supply Of paper exchange medium
which the government gave to it.
Every man, woman and child that
could create product for a foreign mar.
ket was armed with the necessary tool Of
trade in sufficient quantity to meet their
requirements.
The Bank of France was kept open till
ten o'clock at night to loan money to
labor. The government said to eyclf
labOrer, farmer and mechanic: "Take
this loan OF legal tender paper, put it to
work, create all you can Of such things as
other nations will buy, send them abroad
to foreign markets, receive gold in pay
ment, and apply it in payment for this
loan, and with it France can pay her line
ard be free again."
1t was done. The products OF French
skill and labor multiplied in every foreign
market A stream OF gold and silver be-
gan to flow back, until France not only
had sufficient to pay her fine at maturity,
but began to accumulate fund which to.
day exceeds the stock Of any nation on
the globe.
Specie pal ment came in Il natural way,
without contraction, bankruptcy, leglsIa'
tion, or the sacrifice Of Il dollar.
The fine Germany had counted on tC
replcnish her depleted tire ,sury, well nigh
exhausted 1t, for France paid it with
drafts on the Imperial Bank given by
German merchants for French goods.
Germany adopted the popular course;
she adhered to the English system oi
characterization, resumption and the
gold standard.
The money kings ruled there. She
shipped her silver off because it was q
cumbersome commodity and not In keep
ing with the gilded dignity Of modern
improved imperialism.
To-day Germany is poor county
Her labor element, neglected and robbed
by excessive taxation, is paraly2ed; wages
are low-50 to Is cents day.
A German correspondent Of 2 New I0rE
journal says that the great cities are filled
with people pinched with hungry faces;
that men, women and children are wait
ing, longing for work, and ready to worl
at any price.
In Berlin the best skilled laborer get
but rs cents per day, and common labor
crs but 3715 cents, while outside OF Ber
lin less ttan 25 cents is paid for day
work.
In cloth factory near Magdebug un
skilled laborers receive one dollar pc
week, females get one.haf cent for max
ing an apron with pockets and five cent
dozen for making mems shirts.
Every French agriculturist owns hl'
little farm, his stock and carriage. Ever!
laborer and mechanic owns the little cot
tage he and his family occupy, and al
these were earned and procured through
the abundance Of paper fiat money-"dis
honest money"
German pauperism and beggaly are tn,
result Of gold money-"honest money
The laboring masses of every nation
that has adopted the gold standard hav,
been robbed and pauperized by the few
who own the gold, while industry pros
pers and labor is rich and well paid il
all countries where legal tender paper i
most abundant, and whose standard i
fJrtherest from that of gold.
Gold, which always dsappolnts ant
fails in emergencies, and invariably rob
when employed, is called Honest Mon
ey," but paper, which never fails in al
emergency, which has won every battl
fought for thousand years, which ha
given more homes to the industrious, NOR
education to the ignorant, more needs ant
luxuries to the poor, and advanced civil
zation more in decade Of years than gol,
ever did in a century, is called "Dishones