Weekly Chillicothe crisis. (Chillicothe, Livingston Co., Mo.) 1878-19??, 1880-03-18
WHAT CONSTITUTES MONEY.
Why the Money Lords Want Metallic
Currency.

That sounds very well, but what must be
done to convince them that we have
paper "dollar that is a dollarp" Must
there be dollar of metallic money lying
idle in the treasury for each dollar OF
paper money aaoat? If so, what common |
sense is there in issuing the paper at all? |
But there is no use discussing this, for |
there never was paper money issued yet |
which did not exceed the coin reserve,
and perhaps there never will be, for there
would be no need of such thing. Then
it must be acknowledged, at the cry out.
set Of the discussion, that ISSUES of paper
money are made solely because the coin
is insufficient in quantity. Specie basis
money is then necessarily fraud, be-
cause all of it cannot be redeemed in spe.
Gle if called for.
The largest amount of gold ever in the
United States treasury was $l57, lao, lib,
on November 10Th, 1879. Based upon
this metal was about $3.50, 0,000,O 900 paper
money. By what process Of reasoning
can any mind conclude that one dollar of
metal held in reserve maHes each OF four
dollars ahoat Il dollar that is dollar"
or "honest money!" Our paper money is
said to be at par. What makes it and
keeps it at par? Surely not the amount
of the coin reserve awaiting its redemp-
tion, for in case ANYTHING should cause
the holders of paper currency to draw the
coin IN exchange for their bills, only one
in four could get the coin. Is that tae
way to demonstrate that we have n IDOL.
lar that is A dollar?"
They are. in f,ct. of equal value, be-
cause equally useful. Really, accordiug
to hand sense, if notha money doctrines,
we have now A do lar that is quar-
ter of a dollar if red emability be the
true test, which t. evidently is not. All
then that the EXPRESSION IA par" can
mean as apoliel to paper money is that no
one wants coll.
This doctrine i, net founded in reason
nor IN common sense. If there we're but
one dollar of metallic reserve 10 a million
dollars of piper money aAoat, and the
metal were not called for. paper money
would be at par, would be dollar that
isa dollar" would be honest money"
and the bowlers wonld have TO cease The
tannt of .';rrcdecmabie, furr,ncy" The
relative nronor,i,ns of II o Grin reserve
and The paner money in circulation have
IttIe to do with naner money being nuoted
at mar ibe ratio now he;no f,ur to one.
anvth;ng ha Il metallic money miner
money or wbeat b ;s wo,tb im,t what il
will ir no What anvth;rg w;ll Lrno
denends nnon the demand and supplv'
said IN h, newt to notb;ng for # Is we'll.
known tlist if il not nscd as a medium Of
EXCHANGE in one transact on in a thousand
in this eonntv A. for sb;nn;no il abroad
# nead not he . c,inad tor XXI nurnose ior
il can onIv be soIi there Lv weight like
other maials n wonId Le iut as reason.
able 10 coin load tin iron ETC., as pCld
anI silver ~ ,h;n obroad Thero
is then No r,ason at ali far coming
onv metal for onv nn,nose ITnless an
arfifr;al damonJ bn made fnr colo
hv aaa;n rofns;n, Il for ;mnori dnt;es
i w ii not ha dssoun Tr,r, tLe / eas.
NV This reon;remert was invented
nnr,osaI,, 70 ,ual,n a Jan,ond Tor 1,oIJ in
prdar pnip' ~ ,,rn";ato n,m,r r ou,t ,U in Tho
;nter,st Of thn r,onov ,".o p~p pSnpecrl,tO,S Tbere
,u,' Sa ,U y; IN 'd brnny y Iot Sp'u IN ars face
and ,hon tonnt;nn him pOV With ~ ha;na ] blnck
Tho mnrev InrdS d;ctate Tho iap;sla,,on
wb;cb fcrrSS o' tho nonor o u,owny r" 70 Jomroc;.
ota Tho noonle nrefsr II n ooId aa
ov; IenceI I,y III, ;r not excbono;og # Cor
cold. thouph th,v know that Ink one in
four could g1t 4 il thew i ,;red #
Tbn oulS Mac, in the iTr;tsd States
wbarc nv o1ve,n, ont viii r.dsem ;ts
notes i, com IS at tlc sni .t,easurv in
Wall street Nsw York NV Monv nor.
SON. hnvn wondarnd why cain ;s not p.;d
Gvr moi, 9 at evnry . H. trn,srrv and TIr;ted
Stats denos;lnTy Is # NOT w,;t,en Il Al
noth;no rSs mnde in va;nS boar read.
or ara ,on so ;nnocert nnd nnSsnb;'t;.
,ot.I a: not 10 marc ;yo n 4 il .yos sr
nInnred hi III, ,unnov L;nns wbn d;c,
,ta the f;nanc;,I Ie]u;siat;on ] @ "f tb;s m na,ion @
n,;oht IN caso of nan;o drow w a. all III,
no;n tbore Saf,ro ,hp p'nS, ,,oosoo Of tbn noonit
wnnlJ Lnow ' Of onv INV > rmsbp ; u rhe cp.tarr pp,r
monev lord" ind, n3 nav w,ll Gov .W,
nnw bava dolI.r that !, ~ doriy,r, " 70,
ihav On ,rstantl,, dra,n ali ,ho oo;,
Imyh A. tb@ cnwmou m%" bard M AU viii i' t%o;,
Lonest monov" ,shosed" or nnth;un"
t,n traasnrv HLo Il" " c'rrtru M r,rchant m
wor,d ho u;n,si nut" of 10 s,rod n art;'IS
Who &c voSuid o nat tho !, 'e ,I Isreu a,.lote "
rsh9 wall Str,ot m;I,eeU";ro nnn,It;,'
snscn,atms onIv M cnmmhn ne neonI, nj.
need annlv-Sncb tbinnS ora nnt Cav tIvp ~ np,
Thar nriyilauns hnuin and end ~, vot;pt
fo tha rasco1v SUccnIa,;ro % am' vn' ~ oH'm. hn
contnrod @ onJ rnnn;mn thn ing t" VIII n,d nr nr
Spu''u t;ls mrth;nn any - iu mm;R 'Ie "o oiT Pr pt
n,ar,roo u,.S ' WIZ Whast Uinr; m "" ~ aeit .h
l;wa IL froo o. "v oo Sr,.'0uS 5 Snnne ~ y !.
u dau ,roh ~ l,'u I uouIS; & anu Hh eiec.lU' ni,
aag ia@.n aao.nn WIN IN many uiEnl.y W ete Pol
sor;oen u Soo''SG o;,.Shin .naS "nT prti"gaSVe
i;hn a Jrnb N'ln,hSntp Sr,,tn T. y. Uassing soIe
nS haS az eU u,;oo oiu~, nut PRISONS mhoM h W W
",N "u no oyo 49, ,,,ai ~ ,nasnk, ,,na puU whoa
;nSorm,ahlo , JIio a0f or lpon our ''Ae'' ny a
ihsI,u'aplo Mon iihs a,nl vi tnieS's ~ 81 m o,,:.
mot ae n.y. eieoteu W oiiSe Vn eieCtio
oay.n"SL Sj ue,pg Su' Su tiie raI.ieati9n VI IN
tomhipn ,,n neru @ 70 A hl !ne forms M % ol law' an
,l;a " nat.et anu ueIeiae Mr Sae solels' % 0u 0
plesiuen's ale maui In wan s.reeI. ou
uons,ess aII lGeisia'ule are createa
l"ailoau a anu park IN oVppolat'Vhs' o we nay
gnn agVternuene vi "a Iew 81 tne people, 10
ene lweaiCny) people aoo ny tne lcapitals
"ne hationai pank ring people.
90 long as stump speakers ana priSe ~,
press can convince the people that the
rule thls country, while really tney do mol
the money kings can rule as with a rod
iron' through tnelr PAID executive, legisla
i've and judicial iunkles, national banker
win the arrogance Degolten from success
iui traud' lean BACK with dignity and be
rate Unlteu states notes as rag money,