Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1882-08-24
From tho Anderson Intclligencer. |
GREENBACKISM,
A CAnD FROM CAPT. BRoYLEs.
ANDERSON, S. g., August Is, 1882.


Mr.. ED1roR: 1 have noticed in the
Reform Signal Of the 10th instant, that |
have been suggested by one who signs
himself "a Greoubacker" as a candidate
for Governor of the State Tho nomina-
tion has been made iu terms far moro com.
plimentary to myself than I have ever
deserved, and I am persuaded that the
writer of the article in question, was gov
erncd rather by his kindly personal feelings
for me than by considerations affecting The
fitness or propriety of the nomination. 1
am, however, very grateful to him for the
honor he hus doue mo, but do not know
that was ever more surprised than when
the paper containing the nomination was
brought to my attcution.
1t is to be presumed that when persons
are nominated for Office, it is because they
are not only qualified for the discharge of
the duties thereof, but because they repre-
sent the principle of the party nominating
them. Now, am not at all in accord with
the principles Of the Grcenback party 40
far as | have been able to gather them
from their various platforms of principles.
nh.y I" T1a nTHhh, 1 N
late as money, and to make them banks Of
discount and deposit That oil bills de.
signed to circulate as money, shall be issued
by ths general government, and in an
amount sufficient for tho full employment
of labor, the equitable distribution of the
products Of tho oouutry, and tho requires
monts of business, fixing minimum
amount according to population, and other
wise regulating its volume. 80 as to give as
near as may be about $50 90 per capita
for business purposes.
To do this it vii! be necessary, hs they
state, to issue in addition to tho paper
money now in circulation, tho enormous
sum of 81, 800, 900, 900, and it is proposed
that the grecnbscks so to be issued, shall
DO a legal tender 10 the payment of all
debts public and private. ~ very signi6.
ount feuturo of the Grcenback policy isl hat
they denounce the forced resumption of
specie payments.
Now, gold and silver money has been
adopted by all civilized countries on 40
count of the useful qualities it possesses as
u medium Of exchange, and it has on in~
truso value according to the amount Of
the pure metal it contains, but it is only
commodity, and is subject to all tic fuctuA
tions of other commodities according to its
scarcity or abundance.
On tho contrary, paper money possesses
no intrinsic value, but when tits converts
ible Immediately on demand into gold or
silver, then it will bo at par, because he
who receives it does 80 with the confidence
that on demand he con realize its nomi-
nal value in tho precious metals which will
ut all times be received in effccting the exs
changes of the country. Its vaIue consists
10 its oonvcrtibility. There must be
certain ratio between the paper money Of
every country, In order to secure safe and
reliable medium of exchange,
If the paper money which tho Green
hackers propose shall be issued by the
government is to be in proportion to popu.
lation without reference to it's oonvertibi)ity
into coin, and which is to bu inferred from
their opposition to the resumption of tho
specie payments, then it could never obtain
any other circulation than that which is en-.
forced by law, which is contrary to tho
principles Of trado, and the doctrines taught
by all political economists.
have said this much by way Of ahow-
ing that am bot Greenbacker, or with
auy tendencies in that direction, as my
nomination might seem to imply. But
there is another consideration of weight
with mo why the doctrines of that party
ehould not be agitated at this time.
l think the great question before US is,
how are VIC to preserve our civilization and
rights Of property from the supremacy Of
an inferior raoe2 1t is one Of tho grandest
problems ever submitted to any pcoA
plo for their consideration. That race
possessed of property and intelligence, be-
causo it happens to bo in the minority,
should be subjected to the supremacy Of an
inferior race possessed Of neither, is srbl
vcrsive Of Republican institutions, and the
best interest Of society. That both faSes
must 1.-Two together is moral and BoIitlSal
necessity, and thar they skodld do ~ 10