Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1898-06-02
A BErOGGED REPLY.

In order to show TO what kind Of srgu-
-ment the goldbugs are compelled TO resort
We reprint below the reply of the Hc-
GUAM Washingtonian TO pertinent
question put to i, by the HERALD. We
wish every one would read it and anslyae
Il, il it can be analyzed. and see i! they
can and out what the meaning is:
Will the Washingtonian inform an
anxious public of the difference between
the Fiat" in . non.interest bearing prom
ise to pay, or greenback. and an interest
hearing one or bond ?-Aberdeen Herald.
Or in other words what is the differ
ence between . greenback and bond?
Just the difference there is between 6
substance and shadow; just the differ
ence there is between . promise and
performance; juet the difference there is
between honesty and dishonesty just
the difference there is between paying an
honest debt at stated time and promis-
ing to pay a debt at an uncertain time and
then refusing to fulfill the promise.
The bond brings forth gold and silver
which pays for supplies furnished the
government. 1t pays gold and silver to
the men who 60 forth TO battle. The
green back promises to pay the bearer ior
his services or for his supplies. 10 be
sure these promises may be exchanged
for the necessaries Of life. They may be
worth one dollar or they may be worth
forty cents.
But the bond draws interest and the
greenback does not, is replied. This is
true; but the 500, 10000 kept in the
United states treasury is kept there to
redeem item and would not be necessary
but for them. This is an enormous in
tereN to pay for the pleasure OF circulat-
ing fa. dollars. But worse than this The
run "a this reserve has been so great at a
time of profound peace, that $3.50, 900 900
worth OF bonds had to be sold to kee p up
this reaerve. Add these together and see
how nnch would have been saved by
honesty paying interest on s465, 900, 900
in bSNoe rather than the issuance Of that
amount OF g1eenbacks.
During tho great Civil war so much
money Vas required that bonds were sold
at big discount, and possibly, even
thea. money could not have been raised,
tut neither this nation nor any other has
gone into the premise TO pay" business
without great los. There is not nation
today that has a fiat or legal tender cir.
culatioA, but is trying TO get rid OF it.
There is not nation in history that has
tried such monetary vagaries but has
lived to regret it. The mos. monumental
folly in financial history is the folly OF
trying to call nothing something. There
can be no greater failure than attempting
to make something out OF nothing. The
government can no more say This is
dollar and make it worth dollar, than
its hunblest citizen. The government
stamp does, not create value. The com.
mercial world, the desires of the human
family, the needs of exchanging ones
labor for another's possessions; these
give value to money.
When our people learn that the stamp
OF government creates no value that there
is but one primary money, and that Gus
tom bAs made that gold, tina. the issue OF
fat money has brought trouble upon all
nations that ever2 attempted it. and tina.
greenbacks are promise to pay. but do
not pay, then will We hear less about is.
suing non'interest bearing promise to
pay, or in other words greenbacks.-
Wasbingtonan.