Jasper Republican, Volume 2, Number 2, Rensselaer, Jasper County, 24 September 1875 — Making More Money. [ARTICLE]

Making More Money.

Does itever occur to the people who in list upon an. increased issue of greenbacks, in order that there’shall be “ more money,” that money in any Corm, paper or coin, can only be obtained in exchange for labor oriome of the product* of labor* Every dollar of gold or diver costs a doU lar to produce and procure it, and no man by gift. Kis the same with paper money. The Government may print it in unlimited quantities; but it can only be honestly obtained from the Government by an orphan re of something of equal value. There fe no more chance of getting money out of the Treasury honestly, without giving an equivalent therefor, than there is of getting it out of any bank or out of any other person’s possession. It is immaterial how much money there may be in the country, the only way to obtain it is by giving something in exchange for it The owner or holder of money may give It away, but unless it be proposed mat the United States shall distribute it per eapita gratuitously among the people, in which case, estimating the total population at 42,000,000, it would require an issue of over J 51,000,000,000 to give each person twentybur dollars. But that is not yet proposed by anyone. There remains, therefore, but the one way in which this money can be got, and that is- by giving labor or some other valuable equivalent therefor. For every dollar of the additional issue of currency there must be a dollar in value giveq. How, then, will the increase of the issue of greenbacks make money more plenty in the hands of the people? Greenbacks can now be had by giving an equivalent therefor. The man who has anything to sell which anybody else wants can get greenbacks in exchange, and he can ao no more in case the Government ■- ahouM double the issue. There are <750,000,000 of currency now in the hands of f the people, which has cost the people an average of 08 cents on the dollar in coin to get They have given of their labor and their production to that value in exchange for the currency; They have exchanged their property for the greenbacks. To get any more of it, they must give other property injike manner. This currency which they have thus got in exchange lor their property is in their hands; it is on - deposit subject to demand in the sayings banks and ether banks. An increased - issue of greenbacks, if it have the effect of depreciating the value of the currency," Will of course also reduce the value of the currency now outstanding, for which the people have already given - its full value. Every cent of depreciation in the value of the present currency is an aggregate loss of several millions of dollars on the money now in the hands of the people. To get the new currency we must give dollar for dollar in property, and as we get it it declines in value, sweeping away million after million of dollars of the hard-earned accumulations of the past as well as of the earnings of the present As we give of our substance for the new currency, its value will be receding every day. Let any man who wants “moremoney” or expects “more money” as the result of an increased issue of legal-tenders, ask himself how he is going to get it. Can he Obtain it without giving an equivalent for it? Will he not have to pay for it just as he-does now? Can he get it without paying for it in labor or property, unless, as we have aaid, the Government makes a free distribution of it?— Chicago Tribune.