The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-06-14


rn< q. Louis Post. Dispdtch saws tns'
!. s,r,ost time to begin TO use Greenoackef'
:. h,,ysboos 10 scare children with--thel
~ q ludIcrously absurd. Yet the Repuo
I,csn Journals Of the NORTH have never
word 10 ssy against the proposed aiiisnc'
Of their party with the ReSdius'er party ~
virginia. which latter iccludes within ia
ranks nesriy every leading Grcenback luna
tic IN the state, from CRircHER In the FRS
congressional district to BLAIR in the Ninth
The wAiq, the leading organ Of Genera
M.poxr. supported for Congress only three
YEAR, sro w. W. NEWMAN, the Greenback
candidate in this district, and went SO ia'
As to demand such shower OF greenpack'
A would cover the whole face OF the ear'n
MOI 4 msn OF them has changed his opinion
ON the subject, so far as we know; nor mas
the WHO syowed any change OF Dehei'
though. as II has changed editors 10 Inc
mean time, IL may have changed Its imam
cial creed. The point we make Is that The
Republican Journals Of the North are giving
aid and comfort to these enemies OF stable
currency, who would destroy the banks,
convert the Government into vast engine
for issuing sg.mouey, II money such stun
NAV be called, which would have nothing
behind 1t but the credit Of the Government
II The Government were TO get into war
with France and England. or France; OF
England, >or Germany, down would go her
bonds. and down with them would go her
greenbacks. II would, therefore, be neces'
sary 10 issue hundred millions more oil
them to make up for the decrease In their
purchasing power, and this expansion Of
their volume would depreciate them still
more, and another hundred millions would
have to be issued. So it would 20 on to the
end OF the chapter. The Southern Coniede'
racy tried the scheme OF using the credit OF
the Government instead Of money. The result
was of course disastrous. The United
States Government has such good credit
that 1t could perhaps at present safely put
out a hundred or two hundred millions more
of greenbseks than 1t now has out, and keep
them at par so long as the country remains
in a state Of peace. But what sort OF cur
rency Is that which single defeat in battle
mar reduce iu value by ten or twenty per
cents In March, 1865, the average value
in gold OF hundred dollars in greenbacks
was 57s dollars. In July OF the same year
the average value in gold Of hundred dol
lars in greenbacks was 70 dollars and 40
cents. This is the kind OF currency which
the creenback lunalics would substitute for
the present bank-notes. This simple SUBJ
slitutlon would make the amount OF eur
rency issued by the Government about
twice as large as It now is. The Green
back iunatics, however, would pay Oh The
entire national debt with greenbacks.
We have tried In vain to get an expires
sion OF opinion on the subject Of this arti-
Gle from some OF our northern exchanges.
They choose 10 understand the MALONE cry
for "Free Ballot" 10 be a cry for fair
elections instead OF being what 1t Is, cry
for doing away with the capitstion tax !;
and they choose TO keep their northern
readers in like blissiuI ignorance as to the
financial beresies Of their would be allies
in Virginia.