The Caucasian. (Clinton, N.C.) 188?-1913, 1895-10-17
SOMETHING ABOUT BONDS.

The people, individually and col
lectively, should keep tlfemselves full
ly informed with reference to all the
schemes and plans of the powers that
be. Next year there will be a mighty
appeal to the people to express their
opinion, pro or con, concerning GER
tain schemes in connection with the
financial system of this government.
IL they are not informed they will
not be able to properly decide on
the issues presented.
One plan or scheme Of the present
national administration is the retire
ment of all treasury notes and silver
certificates, and putting in their
place five hundred million dollars in
interest bearing bonds. Let's have
a plain, simple talk about this mat
ter. And to begin with, let Us ad-
init the assertion that there are now
three hundred and forty-six million
of dollars of treasury notes Green
backs) in circulation and one hun
dred and fifty millions of dollars in
silver certificates.
What is treasury motel 1t is
simply piece Of paper with the
governments stamp on it certifying
that 1t represents so much value.
For instance If the government
should employ man and agree to
pay him one dollar per day for work,
when that man had done days work
the government can give him this
piece of stamped paper which certi
ties that the man had done work to the
amount of one::dollar. The man car
take this note or dollar and ex
change it for something he wants
This is the old "greenback"-th,
kind of money that pulled this gov
eminent through the war, and thu
kind Of money that paid the soldier
aud bought their supplies &c. l
goes for dollar anywhere now
Whyf Because it is backed up by
the faith and credit of this govern
ment. Now remember that the maj
who holds this note has dollar. h
can hold it year or two years if h.
wishes, but it draws no interest, an
at the end of that year or two year
it is still worth but one dollar. Tn
same rule applies to thousand dol
lar note.
What is q bond' 1t is simply
piece Of paper with the government
stamp ON it certifying that it repre-
sents so much value, but it is issue
differently. Now let's take thor
sand dollar bond and talk about it
little. Suppose the government wan
ed q thousand men to work one da
and agreed to pay each man dolls
for the days work. 1t could, if it wan
ed to, give each man dollar note 9
above described, and each note woul
pass for q dollar, for each dolls
would represent days work and
thousand dollars would be exchange
for what each man needed an
would thus be put into circulation
And this money would be as good ,
any that has ever been used.
will be the old greenback none
which everybody knows is good an
passes everywhere. Then why does'l
the government do thisi This is Il
reason. Some man who has four
q thousand dollars worth of gold
has gotten it in some other way co.
to the government and says: "Dor
pay those men who worked for "
in treasury notes. Pay them in gol
have got the gold and will lend
to you if you will promise to pay
back WITH INTEREST" The Cover
ment says:' every we'll bring Il
gold. We will give you . note &c
tifying that we owe you one tho
sand dollars with . promise to p,
it back to you with interest at fo1