Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1881-09-15

ing the value thereof for the Genera
erment issued paper currency, thei
not only all the money resources OF tn,
Government must be answ cradle, bu
everything else it owned must.go t.
make that paper good. 1t must be re
membered that Gen. Jackson was no
an advocate of paper money, or OF the
power of Congress to issue it. But ad
hitting for moment the right Of pa.
per money, he demands that the Gov.
eminent shall directly issue it, and that
if issued, then not only the coin of the
Government. but everything else be-
longing to it must go to make that pa
per good. Did Gen. Jackson, in speak
ing of paper money, ever say, owe do
not propose to redeem our national
money in gold, silver, or anything
else?" If he did we want to see the
place; and until we see it clearly, we
shall hold the use of the name of An
drew Jackson as an endorsement of the
National Decentralization party as q
SANDER on him, and as lie, fraud,
and general swindle on the public. The
ass cannot wear that lions skin: the
ears stick out.
And they quote John G. Calhoun as
saying: mo paper whose credit rests
upon promise to pay is suitable for
currency. A medium which simply
cbligates the Government to receive it
for all dues, would contain within it.
self selfregulating power" John c.
Calhoun was prominently man OF
vagaries and distractions, some of
which have cost the nation heavily;
but there was one absurdity into which
he did not descend-he was not Green
hacker! He was, if possible, stronger
opponent of paper money than Gen.
Jackson. While the latter demanded
that the public lands. and everything
else belonging. to the Government, must
go to make its paper good-no exemp-
ton being allow ed-so that the Gov
eminent paper would be steady and
reliable circulating medium between
man and man, Calhoun attacks paper
money from another standpoint, and |
by making,it only receivable for Gov
ernment dues, makes it valueless as a |
and 50 shuts it out of general circula-
ton and makes it great deal worse
than the trade dollar. But did John
G. Calhoun ever say, 1--WE do not pro-
pose to redeem our national money in
gold, silver, or anything else?" He
would have made his paper money re-
for Government dues, but
barred its use as . circulating medium
between man and man, while the pro-
posed greenback issue, ignoring all idea
Of redemption, is not receiva BILE for any
thing. 1t has no bottom to it. Talk
as we may, If a man takes fifty dollars
Of paper money for horsen,h e redeems
that money with horse, and must take
his chances that somebody will redeem
that money from him with something
else, or it will be dead horse on his
hands. Now, if there be no ultimate
by the party issuing it, if
he traders are wise the thing will stop
IT first hands, and the money will new
,r circulate outside of an asylum for
he insane, or ineurable idiots; or, per-
1aps, it might pass as in cases when bills
ire hastily settled in the dark.
It is too late in the day to discuss the
question of an expanded currency.
The American people have been all
through that problem. We have seen
IN expanded paper currency printed
with blood and tears, and which rose
II fell in value according to national
uccess or disaster. That currency has
,een contracted in volume until it is
teady and safe, and only so much of it
emains as is needed for the convent
nee of the people. Peace and pros
'erity reign at home; the balance of
oreign trade is strongly in our favor;
ur national debt is being steadily re-
|uced: and our Government securities
re eagerly sought and strongly held
It low rates Of interest.
We believe we echo the sentiment
# the vast balance power Of the nation
when we say that this state of things
will not be broken up to accommodate
he National Observation-Disclosures party
or, even admitting that it is composed
# wise and good men, it would still re-
n DIN frJIa that ita OoOd man ore not
wise, and it's wise men are not good.
Worthless stuff.