Daily Republican., 1883-07-10
THE TRADE DOLLAR
mr. END or THE ExCITEM! at
IT'S ORIGIN AND
OBJECT.

The trade dollar excitement ia subsid-
lg rapidly, and those that refuse to
(ke them at par value are the excep.
ms, For once the people. have been
|rtorious over the broker 4 and money
h,rks of the large cities and for the
oble aid and assistant a in achieving
he -i,tory, their thar ks are due to the
I,bjc spirited busin' ~ men in every
|ty. who, notwiths' AuAing the uproar
(,at was raised aga' .rSl the coin, cOntinu-
4 to receive ther a at their face value.
Ind give a dollar worth of goods for
ach one present ell.
A gentlen an. from New York, who
sas in this cit 2 a few days since, gives
he following aueornt of the recent at
e,npt to boy cot. the coin : He called
Sttention to the tact that a few years
90 an attempt had been made by the
brokers cf that city to decry the coin, so
kha, they could purchase them at a dis.
nou,t. bat after a few weeks trial it
5wa, alb lnlontd and iualedictiOns heap
ka upon the heads Of the originatOrs.-
(At that time rhe Brokers induced the
hanks and railroads with which they
kYere connected to refuse to take the
rales, but finding that the scheme fail
|p,l resolved to try another plan this time
: II which not only the working men
|werc to be made to assist them in ac-
Gomplishing their purpose, hut were al.
80 to he the lambs that were to be shear
ed
II is well known that employers of
| rye numbers of hands in many places
have been in the habit of buying t ade
dollars from the brokers at discount
|of isof1 per cent. to pay them off with,
land this practice gave the brokers their
|opuortunity. In New York ci y almost
svery trade has It's union, and Il short
time ago these unions :eceived Circu-
BARS, calling the attention of the mem.
|bprs to the fact that their employers
were buying trade dollars at a discount,
land paying them out to their hands at
|par. The men, tenacious Of their
|righta, and not knowing who were he
|instigators of the scheme, resolved that
|they would not take any more trade
dollars in payment for their work, and
the poor innocent CD brokers then
|said, "the working people refuse to
take them, and what are we to do? We
can't take them at par, but will buy
them at SO cents eacI."
Thus the working class allowed them
selves to be unwittingly drawn into the
trap, and as soon as it was known that
they had been refused by the people,
the banks and railroads Joined in the
and the brokers were in q
fair way to reap the benefit at the OK
pense of the toilers. The banks refused
to receive them from the merchants, and
had all the merchants refused to receive
them from their customers, the results
would have been disastrous. Some of
The merchants continued to take them In
face of all this opposition, and the con-
.quence was the others were compelled
to do the same or lose their business.
The banks in turn were compelled to
receive them, and compromised by
taking them On special deposit. The
brokers raised the price they would give
for them to 80 cents and are now
paying 95.
Before another week rolls around the
trade dollar will be received 1T the
banks and everywhere else, for one hun
dred cents. The experience of the past
few days conveys Il useful lesson in
that the people are becoming
to degree that will ere long
make it an impossibility for few men
to depreciate the value Of money for the
purpose of filling their own pockets.
The trade dollar is as much a dollar
az the Bland dollar, and contains ~
grains more of 900 fine silver, cOnse-
quently its intrinsic value is that much
greater. They were issued by the Gov
ana stamped As a dollar, and
it does not make the slightest difference
they intended them for circu-
lation in China or Africa, the fact re-
mains that they are circulating all over
the country, and the Government call
not initiate the wild cat banks and repu-
diate its own representative of money.
Since the act was passed authorizing
the coinage of the Bland dollar l45, ,O0O,-
900 of them have been turned ont, of
which but 80, OOO, 900 are in circulation.
The remaining 40, O,OOO, 900 are locked in
the vaults Of the Treasury Department,
and if it is desirable TO retire the trade
dollars, let the next Congress fix time
during which they will be received at
par for Bland dollars, and the conse-
lluence will be that before the expira-
ton of the time every dollar will be
redeemed without loss to the people,
and at the same time yield handsome
profit to the Government. In the mean
time let the people frown down every
effort to depreciate their value, and
show the banks, brokers and corpora
tons that would conspire against them,
that in Republican America the bone
and sinew of the land are the masters.
CHARLOTTESVILLE, NA.-Mr. G. Fl.
Ia IDrn.tl.at nf eliza DapplA'u