New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-09-29
GENERAL BUTLER TALKS OUT
WHAT HIS CAMPAIGN TAUGHT HIM.
BIS OPINION OF LABORING MEN AND COMMUNISTS
CuRRRNCY QUESTION.

inquiry led to a long talk.
{" / have not.v the General replied; :" what does lie
propose a.
To stop the coinage silver dollars and issue cer
tihcates on bullion" said the reporter
"Why not on flannel r. asked the General.
"Or cotton, wheat I hear suggested ." said the
reporter.
"No. they would not answer. II mnst be manufac-
ured article. sils er is only manufactured article. 1t
the utmost the world this talk about
silver and gold basis for circulation. About per
cent OF gold circulation Is lost annually by
destruction hear some fellow Jump up and challenge
that proposition. He will tell you there so much
gold last year and uch this year aud no such loss
said In circulation The gold he would count Is boarded
In vaults and not in circulation. AbOut4 per cent Of
silver ia circulation is lost in the way When q
piece of IL destroyed, the who had it loses
value The Government also loses its value because the
so-called intrinsic value longer exists When piece
OF paper money lost, the who held 1t loses ito
valde The Government gains that much. w had out
$4,000, 900 OF fractional currency. When the Govern.
nent call it in $l3,000.000 missing. The
Goyernm eut had made Sl3,0O0000. How much better
IL was Government to make $l3000000 than for
the holders lose Sl3000000 aud the Governn also
to lose $l3OOo,O0O. They talk about gold and syei
being the basis Of circulation Why, IN the old days Of
my study OF arithmetic, taught that the whole
greater than any Of the parts The property Of all the
United States pledged for overy dollar OF payer on
the silver only part OF the property Of the country,
"a very small part VIVA, folly 1t Is say that part
only OF the property OF the country shall stand good fol
the redemption OF the currency, when they have all
OF 1t pledged by doing away with gold and silver
altogether II these metals still in the mines they
would be just valuable basis for circulating
medium There is no necessity for their u'e at
all The suamp Of the Government Is all that is Noes
sary 90 establish interchange. Ii the character OF
ntercha geabty that is most important Ia money.
With greenbacs for the medium OF exchange and gold
and silver only a commodity, which they and
nothing mere you might smelt them 10 ingcts OF go
pounds and po them in the streets without danger Of
theft There would be necessity for vaults, loss By
wear, trouble and worry. The Chinese know betet
| than how TO put away thelr metal wealth Ihey
pave their cellars with IL in great flags squares Then
IL "a carrying of one Of these squares, he IL
where lie got it. II would be the same with geld
and silver bars but for the Government stamp Or it.
! When / took possession Of New Orleans there was
100000 in Mexican silver dollars among the seizures
had It done UP ia greet packages that weighed mora
| than one man could carry IL stacked up IN tie
Custom House, werc people passed by 1t at all hours
There was guard over IT, but it was guarded by tho
eyes Of the multitude None Of it was ever Lost The
earliest circulating medium was a greenbaos Ii
antelates either gold or silver
when Was 1t first used General {"
First let me define a greenJack l mean by green
back a medium ior tho interchange OF collEodiuei
which mas no ln,rlnsl; Nalue III ITSELF
gets all i.s value from stamp Of the Government.
presume il the Cyil Service examiners TO asa what
was tho earliest among civilized nations they
would get the that the Romans used brass 60
they did the brass worthless the paper
on which print our greenbacks. The Government
put piece OF brass the Image OF "a sheep linen
tDst Ieee was worth sheep That Is where we eetoW
word pecunary, from peeuS On another piece tly
stamped the image OF au This was eNchanEeSbc 10.
an IL tue stamp that gave 1t valHe suvet ana
gold were used for and for household Articles
Iaaur
valuable because it the least tarnlShaDle I'm DAY
is less So These coins bad intrinsic value what
ever. They gIcenbacks. 1t not until no
econs returned from the last Iuder Caesar, win tle
gold they had IL their conquests that tbere was any
change. Caesar had all the gold. IL was part OF b
plan to enslave the people TO make gold t1e n'll5I u
people by its medium He the first scheGng baker
record In the streets Of Rome under his Contraction
occurred the first blOOdshed by labor riots The IeIe
demanded bread. Every shallow preacher WAC gets
pulpit nowadays preacnes some ti"e or other On lAs
parable of the penny. lie doesn't know anything aeca
Il, Judging from the way he talks. he cos OF Cesar
were stamped with his eaD. Christ claimed 10 re
a. ng in the coin with his stamp. They Cari,:
shrewdIy the Jews, to ge him Ia hole abeIt he h1e
tribute They thought II he SAID nc TO be Sot
to destroy him for treason ont ne sad YES Ms eaI s
klngship would be gone But tt was to- STUART t Ss
theui. He sald Show me a Ienny. " hen tHa
they said, Caesars. he replied: Len ie INTO Caesar tss
things that Cesar and unto God toe things that az
That ali there to it. lie crcited cecass
he frcn of labor and OF poverty, aud PreocIa
pat himself Into tue hands OF the money power
answerlngy yea or nay" ,. ....,... .-,,.,.o liza
balance OF trade T. II,
"IT Is all humbug Only few million dollars Of gao
pass back and forth mission. None Ot goes IS
money. Mark this Every pennyweight goes as a con-
modify IL goes by weight Tue gold OF our ,ai' ss
abroad. II all goes into the smelling pot over there II
comes 81 on er here Il likewise goes Into the smelling POI
IL might just rs well be In inscts as In coin ana ~
Dy Troy weight. That is one of the peeuliarltes ~
Engauds monetary system. that It's unit OF ya!Ge Le.
was coiued-the pound. II was pound OF silver snan
Was only small coinage Of siininss How sc
along with the French IN measuring goods 10y tue yaws
Their yard Is thirty niue inches, thrty-sx "a
simply add take Oh. They will not take our I'm
abroad except by weght-hst Is as commonly, on ma:
II the balance OF trade Is against us, with naoh
will only take gold IN payment, we have only 10 70
1he market ana guy goa 10 sSne ,ms s Bwt theyIe
longer demand gold They take draits-paIer. ~ e.
The law that there shall be much greel"sH
Treasury 1t shall be reissued Mr. Manning says VS.,
the and wos come into the Treasuy they ahss ~
he may do it with the lives and tens and twenIes In
law says he shall not do IL with any OF them 10 , On
being forced BY the people INTO the issue OF
currency The banks have never issued ones aaI Ts
Just as easy to print hundred dolay NationM esss
tremendous wear and tear The hundred liar Ig,s
gets none The dollar notes set lost and wCrn Ost
When bank note is lost the bank loses u, as Wen as
Individual who had II, because II the bank can Tsy
It tLe bonds OF its deposit cannot be redeemed re
can only get more money OF the Government ana ~. "a
Government will only issue II on more bonds ~
bankers want to avoid Issuing anything less thanho
notes They would like TO stop at S23 notes. Dal Pa'
opinion wcGld not permit It," tAs
The silver question viii be prominent in Congress'
winter" 80. .ad
Let them heap 1t up pile 1t all the people tn ia
more. and in tho end they VIII rise and thro"0A
yoke"
:" Do you expect serious trouble Z" -, the
" do. have grandchildren who will live 70 ses ,ss,
Ya1derbllts aud the Gonlds taken out q e ILliai
lamppost and hung In the most scientific anu LID
After there has been boodshed we shan ~ ihs
down again for while. These money kings soo5ss
dangers already. But they do not see the InSisr
When q candidate for President Gould saio Gsit
must be driven into the ground. lie couldn't zee , va
better for man with considerable wesh'Hi - che
family, and property interests TO be at the he In ta