New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-03-01
people.

The PopuSis are not dependent upon thoil
| intelligence. They are able to rise above sucl
monopolStic limitations. and the "onc ealluN'
! statesman who can rant more Violently than
anybody else about the tyranny of the money
power finds it great advantage not 10 be
! hampered by inconvcnicnt knowledge Of facts
! Still. even the average PopuliSt might have in
formation enough to refrain from stopping mp
! preparation bills and the business Of the Gov
| eminent because the Democrats Of the House
| cannot muster quorum for Mr.. RlandS bill
| 10 coin vacuum. The PopullSt might az least
know that the stoppagc Of mails ana postal
facilities, Of courts and Of The means of rc-
dressing wrongs. Of The Agricultural Depart
mcnt and its distribution If seeds and misin-
formation, would be nj least * inconycuicnt
TO the people ~ it would br &" members OF
Congress Yet the Popuist who made This
threat, with all The Scriou>ucSs Of which he
was capable. apparently supposed that he would
somehow benefit the people 10y dcpriyng them
for a time Of the services which Government
renders.
Even tie average Popuis' ought to know that
the Bland accommodating bill would not add "a
solitary dollar 10 The silver coins In Use. nor
take single ounce more of silver from 'hr
mines or The markets into The Treasury What
the hill would do. as respects silver. j. simply
this: II would turn into bags Il useless standard
silver dollars the bullion now held I'm Treasury
vaults 1t Is hard to conceive that any human
being can suppose that this operation would
in any way help silvcr-mining. or promote rhc
cause Of silver coinage. or aid To- the use of
silver money.
The Populisr. 10y his Tuning about This
vacuum bill. bctrays his identity with The fiat
money inhationst Of old times All that he
wants is more paper IN circulation. and paper
that has nothing behind H. That was what he
wanted twenty years ago. when Foehorn
Allen made ohio rcsouud with his cry for
more money" and demonstrated daily 10 men
rs dull rs himself that a paper based on moth
ing and rcdccmablc in nothing had u great adj
vantage inasmuch ~ there was nothing behind
II 10 dcprccatc. The faith AMI resources Of The
Government be- insisted. formed the best and
only safe security for a circulating medium.
On this fantastic notion the Grccnback party
gathered together It's votes. ana earned the
gratitude Of other parties by relieving them Of
Il lot Of incurablcs. The fat-moncy lunatc of
that IL the same dcmagoguc who IS to-day
appealing Popust 10 the envy Of The I'M
thrifty. the spite Of The lazy. and the dishonesty
Of the men who would rob their creditors
But more silver certificates whether issued
after the coming OF more silver dollars or be-
FORE would probably not Increase the volume Of
paper In circulation In fact the additional issue
would be extremely likely 10 drive out Of com
mon acceptance and circulation the silver Ger.
tfcatcs now In use-about $50 100000 in
so would reduce by about "A third
the volume Of paper money. 1t Is easy 10 say
that the silver certificate can be practically used
as n legal tender, because anybody can demand
silver dollars for II, which are legal tenders
In payment Of debt. The fact Is hat The GER /
tihcates can only be redeemed by the Govern
ment at It's Treasury ard nobody can afford +
TO travel 10 the nearest Sub-Trcasury in order /.
To get silver dollars nor can anybody afford 10 4
cart back the bulky coins in order to pay debts
with them. The silver certificates have been /
very hestailngly taken into circulation. but I
with much less opposition since the issue Of /
Them was stopped. so that the volume Of such /
paper In circulation was permanently restrict /
I'd. II Is more than probable that an addition .
If $JO,OOO,OOO 10 the issue Of such paper would .
drive those now in use out II gen
'ral acceptance as money.