The daily gazette., 1880-12-10
WHAT THE GREENBACKERs
WANT.
To THE EDITOR OF THE GAZETTE

To THE EDITOR OF THE GAZETTE
With your permission we will ans
wer the above query, in such a plain
common sense way that ''he who runs
may read" and, reading, under
stand.
Our principles have so often been
ridiculed by the press that such ques-
ton, coming now when all excitement
is over, is very pertinent indeed.
Assuming our primary truth that
law makes money, we want all money
issued by the government to be full
legal tender-laS full money of the
United otates-in payment of all
debts public and private. AS great
many people have little thought of the
matter, before reading the article fur
ther, we ask them to read the back OF
a ''Greenback" note and observe the
"except duties on imports and cus>
toms duties" which prevents them
from being full legal tender. and
consequently has kept gold at prem
ium, until within year or two. 10
resume, the Greenbackers demand the
repeal of this exceptional clause and
make the government take its own
money back, or in other words redeem
the notes, greenbacks, treasury notes,
&C., by receiving them in payment OF
outstanding claims of the Treasury
TO illustrate, if the government pays
John $50 in greenbacks, for attending
the lighthouse, and John pays Will
liam, an importer of foreign goods,
the $50, which thus discharge two
del hts, the government ought in justice
and common sense, to receive the $5u
in notes, from William in payment of
the customs dues or duties on imports
| the $50, greenbacks, would thus serve
the place of circulating medium or
money, discharge debts, aud be re-
deemed by the government on demand.
Thus instead of The greenbacks being
promises to pay they would actually
be paid, and, being far more conven-
lent, would be preferred to gold or Sill
yer, hence, if any difference IN current
value, would command a premium
ra her than be at discount.
Now we appeal to all thinking mel
without regard to parties, excepting
of fcourse politicians and gold specula!-
tors, is this not common sense pracSi
cally applied, in peoples govern
mcnt? Stop, don't begin to theorlze
Just think it over again. If the gov
ernment pays John $50, for WORK II
deepening the channel of the Deia'
ware river, in due-bills, greenbacks
Treasury notes, (call them what ycu
please), John accepts them and tn
debt is cancelled, John owes William
$50, who accepts the educ bills " s
to sneak, the debt is paid; Wllliar
owes the government $50 for duties o
imported goods, if the government az
C. pts the due bills or greenbacks th
debt is paid; and the result is the De
aware river is deepened, the WORKING
man paid, the notes redeemed an
that without the use of a single pee
of gold or silver, all done upon I'll
credit of the government, as Das
for the circulating medium, mel
representative of the value OF III
, workman S labor, and usually Gale
money
This is the money theory IN a nj
shell. We want this established
+ law.
= Another thing the Greenbackers wa
ia to nav the public Ot rs soon as lu
D and that according to contract. NO
, there is nothing wrong about TINS ~
. | naither repudiation or luh4tlon. IL
simply paying our honest deDts.
. How do Wa propose doing II. hu
! an Comptroller Knox's report puDlsh
= on Thanksgiving day. dc says me
are now over two hundred anu thr
c millions of cash lying idie IN the lle'
= ury. We say pay that amount Suu sa
y, ,Ia second place the Comptroller's
- nnrt shows that over four hundred ID
. iions are held by the national eani
! "nledged for circulation" We say
neal the national bank law, when Is
S gllized usury Of forty -hve per cent, 81
l. -t,tute full legal tender gleenback mol
therefore, and thus stop the annual
crest of twenty millions more II
. will proyide for over six hunureo u
lions of the debt due next year: lot
is remaiDing S1S2, 100000, issue iuIi iei
tender notes. go into tue MARI :
INV silver bullion at ten per cent q
co1nt ccin into money which law
cIares to be par value, and thus pay
1onda Yhen due and that according
,nntract. Is there anything wrong aDt
y that9 AK yourself the question,
5. tbink of it in plain practical way
ii "But." says the hard-money politicial
"a NOT the people. for they agree immedia
~ lv-"What are the greeneacks, dne,o
"a 40 10 speak, bnt public debts" This
SIS rms. but they are debts upon which
i interest is PAID and which may be
Id leemed at any time by presenting tn
# In tba Custom House or other COVE
la nent agents as in the illustration Civ
~ N the first part Of this article.
These are some of the things
Dc Greenback-Labor party wants, and
10 INV person sees anything wrong "
N hem we will be glad to hear from tn
re hrough the paper, and make further
-. plahations. ,,;,h
CO We sincerely hope the people, with
re regard to party, will think over tins, =
rel make an earnest aud immediate prof.
re against the refundiugs schemes now un
n1 confederation in Congress, as propo
ID by Fernando Wood on the one 81
and James A. Garfield on the OIL
10 Whereby they seek to postpone the
ci' ment of S782, 900 900, the one for thu
us the other for fifty years.
" People OF Delaware, and cihhens
az az our lr.at republic, to your posts
iii otanlr thia outrage. TREBL.
ot New Castle, Del, Dec. Z, 1880.