The Meridional. (Abbeville, La.) 1856-1906, 1893-08-12

is $1,000 poorer than betore-but
there is not q cents worth of value
more in the country, than there was
at first. Where is the value then.
that has been created out of nothang !?
Don't say this is dogmatism, and that
your fancies are facts. The plain
truth is that no value whatever, has
been created, either out of some
thing, or out Of nothing. The thing
that has been done is that $1,000
of the wealth of one person, has
ben transferred to another person,
nothing more.
When the United States issues
treasury notes, or nickels, it trans
fers the amount signi6ed by the notes
or nickels, from the wealth of the
nation to the individual, and creates
a debt which must be paid to the
holder o this money Oh presentation.
So long as the government has the
wealth to transfer. SO long it's money
will be of value, bul just so soon as
it attempts to transfer mere value
than it possesses, then it's money is
deprecated in proportion.
Now as to that sixty million dollar
issue of ~greenbacks, that was better
than gold. I expect Fl. is o little off
on that fact, but let il pass. How is
it hal this money was better than
any other issue of greenbacks. Was
it because they had more paper, Or
more fiat, in them 2. How was it
that when it took two dollars and
eighty cents in greenbacks, to buy
one dollar in gold, this issue was at
at'par | would be glad to have
that explained. If any such issue
was ever made, receivable in pay,
ment for import dnties, that fact
alone shows, why they could remain
at par with gold, and it was because
import duties could only be paid in
gold, Or that issue of greenbaks, as
import duties are not payable IN
greenbacks ordinarily, and and the
receiving of these greenbacks, in
payment Of duties, was of itself, a re.
demption, and the provision, that
they should be SO received, was
equivalent to a promise to redeem.
When we consider that the import
duties, at the US. Custonhouses
annually, amount to several hundred
of millions Of dollars, it is easy to
see, that sixty millions of these
greenbacks, would very soon be alb
sorbed, and there is no probability
that any of them, now exist, except
as a curiosity. / respectfully ask
the farmers of Vermilion parish, to
examine this fiat money question,
carefully and thoroughly, and not be
mislead by such faIlacies, as Mr.. FL.
has been preaching and writing
about. These theories arc vain,
and have often been exploded, to the
cost of the dear people.
I wish to tell you, that in asking
the United States to make and issue
money to the farmers, you ask it to
create an enormous debt, and to in.
fate the currency to that extent, that
will depreciate the value of the money
you borrow, perhaps one-half, and
then when the bubble burts, your
children, and your children'5 chill.
dren, will be taxed to make good the
losses. The burdens will largely
fall on the farmer and Iahorer.
Don't do it. don't.
| have written nothing against an
honest silver dollar. I believe that
Congress should give Us free coinage
of silver dollars, each one Of which
should contain one hundred cents
worth of silver bullioR value.
Don't imagine that the govern.
ment is a magician and can hocus
pocus wealth out of nothing. It
can't do il, and lift could, you should
not desire any of such devils treas.
are. Money made by magic, which
so suddenly appears and disappears;
disappears just as suddenly, and mys.
teriously at the time Of greatest
need. All legends and tales of
wealth producing by magic, teach
this, and that it is unwise to your
trust in devils gold. If You believe
in magic don't have anything to do
with it. 1t is not the right kind of