New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-08-13

n little bond, baby bond! Anu IL 'i'e .
faith and credit are good for 1900 are they NOT
GOOD for e. .cia,lv II the bill is legal tender
which the bond Us not? And does not the h'''o'!
Of those ssoN)ocO greenbacks demonstrate al
this?
Did any one ever find more financial nonsense
than is condensed into the brief quotation ABOVE
Mr. Donnelly tells us that United States pohd
has no intrinsic value, that II does not cos' NV
cents to make It. He ignores the fact that inc
value Of the bond is not IN the paper ''So'i'
|, Is IN THE PROMISE of which the paper j
evidence That promise il and always mus pr
q, orroeroent To PAY SOMETHING WHICH
HAS INTRINSIC VALUE. The bona l. ho'
"go,d or silver" True. but it Is PROMISE TO
PAY GOLD OR SILVER. and its value Consists
in the fact that the Government Is able 10 pay
and does pay such promises at maturity. Inc
Government might make such promise ana
mayor mt Il into writing or print It in any way
Yet the promise would be worth the amount
verbally agreed upon. because SUI" ""0'''
would be paid on demand
.Jr the nations faith and credit are good ior
Z, 600 are they not good tnr s5?" asks IL d. Most
certainly they are. That does not touch me point
IN issue AT all II the Nations faith ana credil
are good for $1,000 does It necessarily follow 'fat
they must also be good for OBSERVATION-DISCLOSURES
That is the rca, qu .ston at issue. Al"
deed that sum Will rot meet all the purposes '"r
which the Populists would have the Government
issue paper money.
VIII Mr. Donnclly indicate whether ne believes
that there is any limit to the credit OF nation
| II the Government can create money oy SIMPLY
running printing press, will 1t make any diher-
cnce how much OF such II oney 1t makes ana puts
in circulation?
Is there any point as 10 amount beyond Whi'h
a government cannot safely 60? II mas pceh
conceded generally in the past that such a limit
does not exist as 10 all nations. That mas or'h
the notion Of hnancers Of the world. before the
word had been illuminated by these modern
ponulist lights Since the blazing glory Of their
wise teachings irradiated this planet. am unable
70 state what the refugence has revealed
upon this subject.
II the credit Of an Individual or nation can
~, ba DESTROYED by an ovcrssue ~ obligations It
n.,n mo news u me The world is full ~ business
mon who may be "old fogics" AMI yet they viii
hesitate 70 beiev- such foolishncss az these Pop
uists teach.
SOME FATHERLY ADVICE.
oro Word moro address directly t. Mr.. Don
nelly himself I am somewhat familiar lG-
| a,rs With vour efforts to abolish Shakespeare.
7 meet some people who doubt your success IN
TIM, effort Your present effort to abolish all the
ueu-known laws of finance may also prove a
failure beg OF YOU 10 not try to do too inu'h'
Did YOU ever contemplate trying to abolish the
law Of gravi,ation? Why not? That Is an '''
fogy" institution. Suppose You try your hahd
| AZ that next Just set the planets - running VIA
| through the realms II space. They would NJ,
become worse tangled up. he more "rfauc IN
their courses or more likely 70 90 10 smash than
the country would be Il the Populiss could reSu-
late its aNai's
Permit me ilst one suggestion. Whatever y'n
attempt in the future. Try and le' your efforts
he governed by rules which are recognized Is
proper among all gentlemen. Never write ana
publish ANYTHING the aecond reading OF which
Will max. you ashamed ~ yourself
According 10 the philosophy 50 APPLY state!
by General Garfield. you are compelled - i've
and associate With Ignatius ponney %' DAYS
OF each year Of your natural NE How important
then that you retain your own scif-r.sp"ci. Heai
over again your "scrccd' IN The Representa-
tive" and then tell tho world caniidly II lis
| perusal has a tendency 10 make YOU feel proud o'
Yourself II II does then IT will enable the people
Of the United States I, determine the kind o;
inca, on which you feed. and on which you grow
so great.
People may have horcSt differences IN this
word They may state Auch differences tn In
c,slye and impressive language. Men 81 sens"
never object to clear eLt and telling sentences
That however. never gives n man the right -
indulge in vulgar lnvec'lves Men Of genuine
culture never bemean themselves by descending
into the rnire II. G.. IIORR.