Daily public ledger. [volume] (Maysville, Ky.) 1892-191?, 1896-10-10

than he lent. He was to receive again the
same sum, and the public authority was guar
antee. that the same sum should have the
same quantity of silver under the same de-
| nomination"
"And the reason is plain, why in Justice he
ought to have the same quantity of silver
again, Notwithstanding any pretended rise of
| its value. For If silver had grown more plen-
tiful, and by consequence (by our authors
rule cheaper, his debtor would not have been
compelled, by the public authority, to have
paid him, in consideration of its cheapness, a
greater quantity of silver than they con-
tracted for. Cocoanuts we're the money Of a
part of America when we first came here.
Suppose then you had lent me last year 800, or
fifteen score cocoanuts, to be repaid this year.
would you be satisfied, and think yourself
paid your due. IL l should tell you, cocoanuts
were scarce this year, and that four score
were Of as much value this year as a hundred
last; and that therefore you were we'll and
fully paid if restored to you only 94O for the
300 l borrowed? Would you not think your.
self defrauded of two-thirds (one.fifth) of
your right by such payment Nor would it
make any amends for this to justice, or repa-
ration to you, that the public had (after your
altered the denomination of a score and de-
clared it to be sixteen instead of twenty"
Locke's reputation as a philosopher is too
great and has been too enduring TO be ques-
toned. He lived and wrote two centuries
ago. AT that time corporations, syndicates
and trusts were. unknown. There is no refe-
renee in his writings to paper money. Silver
was the standard of valuation. He cannot,
therefore, be accused of being in the pay of
corporations, or upon the side of monopoly in
opposition TO the people, or of being actuated
by prejudice for or against bank notes or
Treasury notes, or of being blind wOrshiper
of the yellow METAL At that time the mod
ern system of machinery as a substitute for
hand labor had not begun to develop, 80 that
the labor question of today d ID not affect his
views. Neither was there then the great ex-
pansion of commercial credits, which the in
ventive talent OF the nineteenth century and
the demands of business under the altered
conditions of life have created. 1t must
therefore appear TO every unparalleled
reader of his works, that a man today in the
United States may hold the philosophic and
economic opinions which were maintained
and defended with such perspicuity and force
by this apostle OF sound currency, without
being justly open to the charge of prejudice
of any sort, political or economical. Locke
said of himself: ~ shall never knowingly be
on any but truths and my country's side;
the former shall always gladly embrace and
honor whoever shows it me; and in these
papers, l am sure l have no other aim but to
do what little / can for the service or my
country" 1t is in the same spirit OF loyalty
to truth and devotion to the honor of the
American name, as well as to the prosperity
OF the American Nation, including all it's
members, whether employers or employed,
rich or poor, debtors or creditors, purchasers
or consumers, buyers or sellers-Republlcans
Democrats, Populists, Prohibitionists,-that
this brief abstract of his views and the argu-
ments by which they are supported lie given
to the public. FREDERICK HOWARD WINES.