Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1891-05-28
Money Question.
Editor HERALD,

--NA4NOA LL-AA--Ds
In the Logan Republican, 1 find
the following, purporting to be quo
tation from Daniel Webster:
"Whenever a debt is allowed to be
paid by anything less valuable than
the legal currency in respect to which
it was contracted, the difference be-
tween the value of the paper given in
payment and the legal currency IS
precisely so much property taken
from one man and given to another
by Legislative enactment If two cur
rercies be allowed to exist, of differ
ent value, that which is the cheapest
will fill up the whole circulation"
The reader should bear in mind
that Daniel Webster died before the
Republican party was born. 1t is
very probable had he lived any time
since 1862 he would have denounced
the Doodle Statesmen in unmeasured
terms IS Doodle Statesmen were al
most unknown in his day. We be-
1ieye the fellows whom the people en-
trusted with the administration of the
government, who deliberately deprec-
lated their credit in order to make a
market for Shyloek's gold, which
they had hidden away in the govern
ments extremity, would have received
a scathlng rebuke at his hands had
he been living. You will notice, Mr..
Webster says to pay a debt in less
valuable currency than that in which
it was contracted; is to take from one
man and give to another. That is if
the government had paid the bond
holder in a less valuable currency
than it received for the bond, it would
have taken from the bond-holder and
given to labor just that differ
ence. But unfortunately that was
not the policy of the g.-o.-p.; its
policy was to take from labor and
give to the bond-hOlder; by paying
the debt in a more valuable currency
than that in which it was contracted
as they did in the matter of the five
twenty bonds, and other transac-
tons. Yet when it was proposed
to equalize the soldier with the Shy
locks, they held up there hypocrih-
cal palms in horror and said it would
bankrupt the government. Yet they
have the cheek to pose as the soldiers
friend par excellence. Mr.. Ingalls,
said in trying to account for the
thleving legislation they have given
the country he could not account for
it on any other theory than that they
had been hypotIzed.
1 think Mr. Ingalls, theory of ny
pnotism, is prehaps the correct one.
But that the method was through
superior will force and mind power, I
must be allowed to dissent. There
was far more potent way of hypno-
thing than through will force and
mad power. 1t was you scratch my
back and I'll scratch yours" That
is how so many congressman got rich
On a salary of FIVE thousand dollars a
year.
I.notice Mr.. Harrison in his little
speeches, on his swing around the cir
Gle, in referring to money, says as soon
as foreign countries are ready to adopt
bi-metalism; We will be- If we never
adopt 1t till that time we never will
adopt it. AS the monetary system
of the world as now in operation is
the method and means by which Ia
Dor has been robbed and the laborer
pauperized in all ages of the world;
and viii continue TO be as long as the
system is continued. Trying to run
Z democratic form of government
with monarchicai monetary system
of finance will always result in a fail
ure; as they are inconsistent with one
another.
And the sooner the people make
up their minds that what ever they
use as money shall be of q uniform
value, receivable for all debts public
and private, and that the government
furnish it directly to them, as con-
templated by the constitution, without
the intervention of corporations, the
better it will be for them.
a. DAWSON.