The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-06-18
MONEY vs.. JAwBONE.
A Practical Statement of the Effect of
Cheap Money.
Monte Cristo Mountaineer.


Monte Cristo Mountaineer.
when we needed vast amount of
money with which TO carry on the civil
war, did Lincoln ask England if he might
issue neutrality-suspicious. City Times.
Get the premises right, Brother Times;
so back eighteen words and substitute
the word credit for your erroneous idea
of money" and we will tell you the way
We got caught land converted) in our 18th
year. The Mountaineer lived at Utica. n.
Y; Lees army was up between Chambers
burg and Gettysburg. Lincoln's great war
secretary. Stanton. was telegraphing fran
tically TO every Northern governor to hur-
ry forward every available man TO the
defense of Harrisburg. Gold was quoted
in newspaper market reports at $3.50, and
we had not. seen a piece of gold or silver
for over two years. our uncle's family
lived in Detroit, Mich, and the writer's
mother permitted him to visit his cousins,
going via the Grand Trunk railroad
through Canada West" The time card
was looked up and 1t was found that the
meals at Syracuse and Buffalo. n. Y, cost
80 cents; at Stratford Canada West. 80
cents and at Port Huron, Mich, 30 cents,
which. of course, was SIS for the four
meals so with a bright, crisp. brand-new
s. greenback in our vest pocket, and many
admonitions not TO talk 10 strangers. we
boarded the New York Central train at
Sracuse and Buffalo at so cents each, left
us a nice. new, 81 greenback to pay for the
81 cent meal at Stratford, Canada West.
and the 80 cent meal at Port Huron, Mich.
The meal at Stratford was good one. ana
we passed our 81 greenback over TO the
cashier, who inclined his head most cour-
teously and handed us back one cent
piece and one Canuck cent. a total of
cents eW told him we had handed him n
81 bill; that he had advertised his meals
at So cents; that ne had given us back
only cents, which made 81
cents. and that we wanted the
other 81 cents. He pulled the Toronto
Daily Globe out and ran his finger down
the market list TO "U. S. Greenbacks, IS
cents" and motioning TO the conductor,
who had Just shouted 'all aboard" told
him the we were "a rum little chap, as
didn't know nothink about money" and
told him to explain IL to us on board
the train. which he did by showing that
he United States had no money and was
borrowing and running in debt at the
rate of 81, 10000 day putting out nice
pieces of green paper with lies printed
on that the United States would pay
SO much TO bearer on demand" when
the other nine-tenths of the population
Of the world knew that our nation was
frightfully hard up and doing all its
business on "iawbone" and II US" It
wasn't very difficult for him TO demon
stated that what was termed a dollar
by the forty millions OF Yankees would
sell for but thirty-five or forty cents in
the actual money, the spot cash that
the other nine hundred and sixty mill
lions OF the worlds people had the ut
most faith and confidence in.
Now, Brother Times the above stated
little trip taken by the writer with one
Of the Lincoln one dollar greenbac<s in
his pocket. thirty-two years ago about
l.
burg, convinced him by actual facts that
paper promises to pay are not money,
but the exact opposite, and are a plain
statement Of a total lack or entire alb
sence of money which the promiser hopes
TO redeem al some future time al a profit
TO 1t Cor him) self.
Finally. along in 1S77, after seventeen
long. weary years of use of those green
back statements that the United States
mad no money, the financiers at Washing
ton City decided that they would rnanufar-.
ture money on exactly the same plan that
our people manufactured wagons. loco
motives, rifles. paper. pianos. cutlery
pioWs. etc, and say 10 the other go go 600
people in the world: american wagons
and locomotives and plows and paper and
money. etc, are the best in the world. heat
them II you can; the manufacturers have
put the very best material in them. the
toughest steel in the locomotives, pIows.
iAL4tA7 anu tut4riS . the iNtf@t resonant wood
in the pianos; second growth hickory in
the wagons; silver coin, ZOO fine" and
gold coin just as near q Carats fine as We.
can make II. and Of plump weight And
for the next seventeen years the United
States prospered as no country had ever
prospered before, simply because we did
honest business with the best OF goods
and money that was just as valuable dol.
lar for dollar as any other money under
the sun.