Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1896-09-18
Ohaan Monau in France.

We ask our read rs to read carefully
the result of cheap money in France as
shown in the article of Prof. Andrew ID.
White in the September Forum which
we quote as follows:
"Despite then these suggestions OF cor
respondents, as read the D. oceedings at
Chicago, recall those revolutionlsis at
Parir, who initiated the long seiies OF
sterile revolutions not yet ended; who
thwsrted all real Efforts At TaIonsl To-
form; who brought in misery Infinitely
worse than that which they pretended to
remedy, and de-potism infinitely worse
than that which they prett to OPP
pOse. Their speeches come back 10 me
with strangely familiar sound, especially
~ hear these men OF today clanlorlng
for fl At silver aud fureshsdoWing fiat pa
per. seem 10 hear Martlneau demand
lng the emission OF the hrst four hundred
millions of sssiglats, aud showing that
such money il the best because It TO-
spends on the will of the people" | seem
to hear Mirabesu. who had only six months
b. fore spoken Of fiat money as, "a nur-
seIy of tyranny, corruption, and deluslon;
vtritable deoauch OF authority in de-
lrum," little later, advocate what he
calls zone single operation. grand, simple.
magnificent" which was the emission OF
twenty-fOur hundred millions NOR
Rover Uses before ma. insisting on the
necessity Of Issuing i've thousand millions
more. aud then tue long line OF dema-
yogues, successful in pressing on the
Issues of billions more of fiat money, de
claring 1t 1.-The best currency III the
world" insisting that the laws OF nature
did not operate in a free country like
France. a,crIbing the rapid depreciation
of fat money, aud the wreck OF business,
to the corruption Of the ministry, the
peryersity OF merchants, the machlna-
| ions of bankers, the intrigues OF Eng-
land to every cause, seve tina right one
seem TO hear Prudhamme declaring,
coins will 20 Oh rising until the people
have lung a broker" and COHthen, first
carry ing law punlshiOg any person sell
ny paper money for less than its nominal
value with Imprisonment for twenty
years in chalns, and next a law punish
ing those making investments abroad
with death. | seem to hear the same
demagogues who, when farmers refused
10 sell their produce for worthless nat
money, carried laws which Obliged the
farmers under pains and penalties to
bring in their gram, the millers to grind
il. ana the merchant to sell 1t
And. all this financial debauch going
on until the entire sue OF fiat money had
reached close uUOh tUrtv thousand mlliion
,, .rauc, with the result that al. tnrilt
had been obliterated, all business yltiated,
the working classes plunged into aoJect
distress: the country given over TO an
aristocracy Of stock gamblers and money
changers, until finally a Bonaparte was
peeded to force the nation back to souuh
money. And | note that ON July 10
1864 hundred years almost to n day,
be,ore the assembling Of the convention
at ChicagO-the whole tAt.mon9y system
u Flauce collap ed, and the vast mass o'
| thIrty-six thousand millions Ell asslgha'S,
and two and a half thousand millions OIL
mandates, issued under the sanction Of
a y, @ people, all became refuse ana were
sw0pt in o the dust hean together"
Can you not find a parallel to MirS-
beau who had only six months before
spoken OF fiat money as "a nursery oil
tyranny, corruption, and deluslon, a
yrritable debauch of authority in de-
lrium." but who lacking the courage OF
his convictions, or seeking popularity by
going with the masses against his own
knowledge Of what was right, advocated
1.-THE emission Of twenty four hundred
million more" Of the worthless assignatsl