The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1894-08-16
THE wORTEINGToN ADVANCE.

THE wORTHIN
obtained for paper money with9pt any
kind Of redemption. I have tried for
years to get some one Of them to- end me
sample of such wonderful paper money.
am anxious to look at 1t, to examine it,
10 as to find out what it Is like.
u 4 Few Things Arc Right.
Why wonder. then, that should have
said to my St. Paul audience: H@
You've got to meet q new party. A
party that believes that everything was
wrong aud that everything is still wrong;
that thinks that wisdom never .stIuck the
earth until q few years ago, when the
first Populist was born.
II. D." virtually admits that my claim
as to the belief Of his party ia correct.
Hear him: .,s,.. - ,ssf
And the new party, he says. believes
that everything is wrong" Well, isn't it
wrong? Will Mr.. Horr tell us what is
right today? Now, even the money-lend-
ers are not happy, for their securities are
turning into chaff. And if wisdom
struck the earth" beforethe People.s Party
was born, where did it lights ssiA
I assure this Populist writer that the
world is full of things which are right.
TO name for him all such things would re-
Quire volumes. To enumerate the bless
ings that know about myself would be
to write a:book For example, patriotism
is good thing; it is right; patriotism is
not dead here in the United States.s
Honest men and women abound all over
this nation. Our country is full of people
who are striving to make this world bet
ter. 1t is right that such should be the
The great majority of the religious peo-
pie of the world are sincere, are not hypo-
critics. They are struggling each day to
live pure and upright lives. That, too, is
quite right.
Mothers, as rule, still love and care for
their children as tenderly and as patiently
as they have ever done. 1t is we'll.
The majority of our business men are
upright and honest in their dealings. Our
country is full of men whose word is good
as their bond That is right. 4$. 0
Most men in this country believer de-
cency, in law and order. Crime is not
generally approved of by the masses; and
mean ness is not at premium among our
people. ~
The upward tendencies of civilization are
generally recognized by the sensible men
and women of the United States. This is
all as it should be.
III wisdom struck the earth before the
Populist party was born, where did it
striker" asks Ignatius. answer:
1t has been occasionally lighting through
all the ages past. Solomon had touch of
it. Socrates and Plato would compare
favorably with Donnelly and Weaver.
England, France and Germany no doubt
had a sprinkling of wise men during the
last thousand years. Indeed, wisdom at
times may have taken up her abode even
in this republic of ours. This nation need
not despair l recall with little effort such
names as Washington, Franklin, Hamil-
ton, Marshall, Story, Webster, Clay,
Greeley, Douglas, Sumner, Chase, Fessen-
den, Blaine and Abraham Lincoln, besides
a host Of others that might be readily
named.
If Jerry Simpson, Senator PETER, Gov.
Pennoyer, James B. Weaver Calamity
Weller and Ignatius Donnelly are wise
men, then the men named above were all
FOOLS Honestly, prefer to be found train
ing with those old "fogies> rather than
with these new lights" Mind you, the
question of finance was studied carefully
by most of these men. More than that,
the world has produced thousands of able,
studious men in the past centuries who
have given careful and lifelong attention
to financial questions. This entire army
have been all wrong if these Populists are
right hesitate to believe when mepstell
me that only fools have heretofore been
born.
"What This Fool Meant"
Mr.. Donnelly seems to be angry because
I attempted to illustrate that money must
always be composed of some substance
which possesses value in itself, or, if it be
paper money, that it must always be
promise to pay certain amount of some
substance. Hear him:
What this fool meant was that you can't
have money without it has intrinsic value.
Now everybody knows that 81 900 United
States bond is not only worth its face, but
commands large premium. 1t has no
intrinsic value. 1t costs about cents to
make it. It is not made Of gold or silver.
1t simply represents the faith and credit
of the nation. No banker endorses it.
Now, if this bond was cut up into separate
bonds of IS each would they not be also
worth their face value? And what is a
greenback but a chopped up bond-a little
bond, a baby bond? And if the nations
faith and credit are good for $1,000 are
they not good for s., especially if the bill
is legal tender, which the bond is not?
And does not the history of those s60,000.-
600 greenbacks demonstrate this?
Did any one ever find more financial non
sense than is condensed into the brief quo
tation above? Mr.. Donnelly tells us that
a United States bond has no intrinsic
value, that it does not cost 5 cents to make
it. He ignores the fact that the value of
the bond is not in the paper itself. It is
IN THE PROMISE of which the paper is
evidence. That promise is and always
must be an agreement TO PAY SOME
THING WHICH HAS INTRINSIC
VALUE. The bond is not 'gold or sill
ver." True, but it is a PROMISE TO
PAY GOLD OR SILVER, and it's value
consists in the fact that the government is
able to pay and does pay such promises at
maturity. The government might make
such a promise and never put it into writ
ing or print it in any way. Yet the prom