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NORTHERN TRIBUNE. SATURDAY, SEPTEMBER 2t, 1873. O facial Paper of the County and Village GREENBACKS AND FIAT. Prof. Storey rrnxlertakes to describe a rimilarity between Greenbacks and the proposed flat, and arrives at the condit ion that they are all essentials the same, lie says: The Republican pirty chiefs issue a piece of paper, representing not worth but the absence of worth, and by a fiat of the war power made them legal tender for the purposes of money. They were tylel '-lawful money." but they were not real money. They were made money only by ihe fiat of the war power. The liatisU now proposer to exercise again the war power which the Republican dadies ot tho fiat greenbacks exercised In 1S62, by issuing more fkl money. The Re publican "press and orators oiily say to this proposition: 'No; let u3 not use the war power to issue tantXf flat money; but let us tree the war power to re-issue and keep up the supply of fiat money to the full atacfuut already issued." This is no opposition to the flatist project ot us ing the war power to make hat money, it Is only opposition to using It so exten sively as the fiati3ts think they would like. It makes no Issue between the Re publican party ?nu the Jb tat party upon the principals at Shtf foundation of the flat money tcheme. It only raises a ques lion as to the Mmoun-t of the fiat money which the war power shall issue and keep In circulation. It is only the old question of inflating or not inflating the volume of fiat money by the war power. l'e ween the Republican party spokes men aud the fiat money spokesmen, there is do other ucstiotfin controversy. Tl.e question in controversy between the Republican spok-nnen and tb Fiat tpotesmen is a very great one; it would be difficult to imagine" a greater. It is the diflVrence between gold and gas; be tween act ud values and fiction. The l.rofessor ot the Times professes to sec no 4iti4Jctio of $iHtt ef fact, but there are none so blind as those who refuse to see. Most people suppose there is an esscn tial difference between issuing legal ten- tier notes in time 01 war under war owert aud issuing fiat scrip in time ot iMr.ure without any war power authority. .Most people find it impossible to compre hend how a ,4 ar power" can be employ ed iu time of peace to perfoim an act which is unconstitutional if doneiu time ot peace. If fiat sci euu be issued and made a legal tender in time ol peace, then it was not Accessary to issue legal lender paper. For the purpose of siting, the Union and the constitution from destruction, Congress issued lour hundred millions oT lorced notes, ami dvclared then a legal leiuler, and at the same time made a olu-u promise to the public creditors and thepcople that tho nou-lntere. t legal, tender i.otcs should not exceed the limit named, except by fifty millions foe tem poral y purposes, which were to be and wtre speedily returned. Congress issued those legal-tenders in the lorm of promise to pav the bearer dolLtr, meaning coin money. It was impossible to redeem the note while the War progress e I, and therefore no day cer tain was fixed for their redemption, but good fa th rei.u red that it be done as boou as possible. An act w as passed by Congress, March 18, 18G9, which reads : "And the United t'UL'calw solemnly pledges its faith to make provision at the earliest possible period for the redemption of the United Stales notes (greenbacks) in coin." On tne 14th of Jai.itaj', 1875, another act was passed that -On and alter the 1st day of J-mury, 1S79, the Secretary of the Treasury shall redeem in coin the United States legal-tender notes then outstand ing on. their presentation for redemp tion at ihe office or the Assistant Treas urer of the United Slates, in the city of -.New York, in sums of not less than $50. Such Is the character and limit of the war notes issued by the Republicans. But the fiat party have auo.her kind of money in view. They jr pose to issue unlimited quantities of fiat scrip, never to be redeem Uiicver;o promise redemption. The tcrip Is not to be ot the nature of notes at all. Notes aie promises to pay money. The liaiisU call their strip money itself that needs no redemption any more thau a gold dollar. It is not to be issued, only Hitimeoi war or vy-virtue or any w ar power ot Congress, but in time pes ce, regardless or the constitution or the de- re js of the ujreme Cjurt, aud witht ut any otherliinit hs to quantity than the discretion ot the fiat demagogues who may be running for Congress aud fishing tor popularity among the communistic rab.Ue who will be brawl ng lor "more flat" as long as it is wir-h j cjnt a num. The diftt r jnce 1 e.wt e i gi ee.ib; cks and ii-as wU'e asunder a the p Ls. yg one Is t qulva ent to cisli; the other of chimera. The one is redeemable 111 reaj money; the other not even in mooii beams. A xumbsk of cases of leprosy among the Chinese have bewi discovered iu San Krancisco, aud a hospital for their issola. lion is to bo erected. It i$ ji&t,' p!easant t iought that m my of the h pers are en gaged in the manufacture ot cjgais.Xep rjsy, fortu lately is uot regarded as con t igeoas ye its Ioatbsomenes9 makes it a dreaded disease. It is hereditary, and the least taint descends to the children. It is one of the most ancient diseases, and is. by no means confined to the hot dis tricts of .the tropics. Norway and Cana da, as well as the Sandwich Islands, have their l?per settlements. It Unot;oniy inht riled, but comes also from uuclean lines3 and ths ute ot impure and un wholesome food. Leprosy is en incurable dise-.te by any means known to .science. Of its real uaturj medical men know bu( li.ttle. I is a slow but certain desth. EDIT ORIAL NOTES. A locomotive, capable ot drawing 100 loaded cars, will be shipped lrom Philadelphia for Australia Oct. 1. Ilere. tofore English Manufacturers havo had an exclusive control of the locomotive trade in the colonies of Great Britain. Tareox, who espouses the' causer of Butler In Massachusetts, said two years ago, that "when the Democratic party drifted away from the rock of specie pay. ment, he would cling to the rock." Some of the Grecnbackers are quoting his olif sjrerches and asking explanations With all the British care for human life, England is be ceding the most fa mous country in the world for fatal catas trophes. The COO dead of the Princess Alice are hardly buried before a mine in Abercorne, Wales, explodes, sending two hundred and fifty ot the miners to the mm horrible of deaths. Tna cold wave of last week brought no relief to the fever-stricken soutn. Although the mercury fell many degrees, it did hot reach thff freezing point, and the heavy damp-air rather ngraeated the sufferings ofthc sick thau otherwise, Forty deaths at New Orleans and ninety at Memphis in one day are figures which telltheir own story. TrfB British Medical Journal reports a peculiar case of glove poisoning. A gentleman traveling In Europe purchased in Berlin a pair of natine Dlue gloves put them on, and made several calls. Soon after he felt ill, and his hands were covered with a peculiar eruption. On In vestigation a considerable quantity of arsenic was detected in the gloves. The President's policy of appointing good Democrats excise officers in Georgia does not secu to work very well for either the revenue or the officers. In the fight between the revenue officials and the illicit distillers in Hancock county in that state the former, it seems, had voted the Democratic ticket all their lives, but that fact did not save them, from the bul letts of the moonshiners. The dispatches report that the old vttcan, General Shield-, has been st rick en down with paralysis in New York The General is now 6S years ot age, and the announcement of his critical illness will awaken the graVesU apprehensions and call out the warmest sympathies oj the people who have recently felt renew ed Interest in the life and interest in the life and work of this veteran of two wars. Pkof. Watsox, of Ant? Arbor, reports that be has discovered two intra Mercu. rial planets, Vulcan and a larger one. Prof. Swift, of Rochester, reports that lie has confirmed his discovery of Vulcau,by discovering that it has disappeared; th-tt i3 to say, it isn't where it was July 29, which demonstrates that the object he saw was a planet, not a star. This Vul can business grows lnterc6lingand con fusing. When a National tells yen that "the public credit act ot 1S60" made all the bonds and notes that were originally pay able in "lawful money" payable in coin, take him firmly by hisjimple ears and real into ti'eir civerous recesses- this clause from said act: "It is hereby pro provided and declared that the faith oj the United States is solemnly pledged to the payment iircoiu or its equivalent of all the obligations of the United States not bearing interest, known as the United States notes, except in cases where the law authorizing the issue of such obligor tlon has expressly provided that Vic same may be paid in lawful money." He will know more after he has heard that exception distinctly read. TnosE jubi'ant Grcenbnckers who see in their large gains to success in Maiue an Indication of any sweeping or perma nent victory, and those wavering Repub licans who take counsel ol their f tars on account of the same event, may profita bly study the history of the Know Noth ing party. The Know Nothings in 1855 swept Massachusetts by a laige majority elected their Governors In New Hamp shire, Rhode Island and Conmeticut, car ried their state tickets in New York California aud half a dozen Southern states, mid, Ueiotcd" oi their' ability to carry the next Presidential election. Yet, in November, 1S56, they carried only a single state, and ia many of the states figured hardly at all. "Nationalism! should not lorget that hlstory'repeats it self. The EveningTelegraph of Saturday publishes a page full of Interviews with leading Dem erits and Nationals of M'c'iig in in regard to the Presidential question.' The Democrats of the state appear to be divided between Hendricks and Thurman, with a few for Bayard, and with ge11pr.1l unanimity in rejecting the renomiuation of Til Jen. The Nationals ' are wholly at sea. A portion of them iavor inc nomination on inurmin or Hendricks, aud declare that these gentle men can easily be. captured by the Na tionals, and can be drilled to keep step with the anisic of Ihe National org iniza tion. Others declare themselves in favor of Ben, Butler. The most uoticeble fact in regard to the utterances of the Nation als is their readiness to. unite with the soft money Democrats in the support of a candidate. They &re, by preference, eithi r for Thuiroan or Hendricks. But here and th re a vcteeVis-heard iu favor of Ben. Butlerr-that. clown ot politics who has been many things by turns,aud nothing log.. One thiug. is certain that the demoralized and disintegrated Democratic party will play an insignifi. cant part In the coming Presidential elec tion. If they put up a hard-money Dem ocrat, like BayanUoc Tilden, they will lose their hold upon the West, ard are by no means 6ure of carryingjiny North ern state; if, on the other hand, they sur reuder to . the "Nationols aud put up Thurman or Hendxicks, they cai'rt defeat- The London correspondent of the New York Herald, after referring to the recent distressing accidents says: "As if England's enp of sorrow were not lull enough at this moment there comes the additional spectre ot depressed trade in many branches of her manufacturing interests. The snfteing has already be gun in the iron industries, and judging from an article in the Times it would apppear that the cotton trade is In a real ly desperate condition. The Times says; '.There is not a single enewiraging feature in the cotton trade of Norih Lancashire The condition of the markets is woise than ever and the outlook most gloomy. Goods are not only being piled up in the Manchester "warehouses, but are fast ae cumulating in the mill storerooms. The small manufacturers with I'mited means are obliged to sell at almost any sacrifice and before the crisis is passed there is :io doubt many ot these firms will succumb.' The gentlemen who in 1SG1, proclaiming coUou king, declared with ki huzzas 'The bubble ot Republicanism in Ameri ca has burst, must take care that the Democratic mills at Lowell. Lawrence and Fall River do not desiroy them. Their 'king may prove them a King Stork. Poverty rs. Poverty. It has been said, and truly, that two wiongs cannot make one right; but in the language of our Greenback friends it does. Their method of reasoning is, that as the farmers or other debtors ffifcide their purchases when money was depre ciated, they should be allowed to make their payments in the same currency. Thus it can be seen that thy expect the greenbacks they propose Issuing will depreciate iu the marke'; else what would be the use of tho extia issue, what becomes ot tneir arguments, con-' stautly made to the people ? it was simply an unfortunate business transaction for the man who ran heavily iu ueo expecting, mat tne currency wouitt remain innateu. ihe same cau be said ot the man who invested largely in a mine, expecting it would continue to yield as largely as formerly, but who, unfortunately, hnds the yield lanrelv diminished, Now the question is, should the purchaser of the mine pay his credit ors iu a depreciated eurreuty, to make up his loss? The two cases are parallel, the products of the farmer and! llie miner being tneir loss. .Admitting that it was wrong tor the Government to issue money that was depreciated, causing men to make thir calculations upon a wrong basis, how cm it make matters rhhi by again issuing depreciated currency thus re-enacting a wrong? If issued, we will admit, as none can deny, that priced will appreciate Just to the ex:ent that ihe money depreciates. When this will end uo o.m cau say, s s they propose to issue enough money to 'meet the demands of trade;" and when these demands are to be met, no two men can agree upon. Under such circumstan ces, the deb. or class can mo.-t assuredly pay oil' their encumbrances easily. Where the greatest wiongs come in is because many of the me. i who have purchase I bonds, mortgages and other securiiie.-, have done so with money at its present value. So ihey were literally robbed, lo make reparation fur men who have been unfortunate iu a bargain, in oilier words, it is two wrongs to mike one right It is taking from one ln.ui to en rich another, making one chss poor mid another class rich. It is simply t'hifinr the pov rty ot one man on to ihe slu ul ders of another. Their answer to this is, t'at wh.it .is good enough for one man i good enough lor another; but this do-s nut refute Hi-: fact that the creditors h ive been paid in money woith one halt or less vh;it tin contract billed for.. Iu this country, where iheie are so m my njis and downs iu lite, the bond hoi. irrs of lo-day wer- not the bondholders diuiug the war. Twelve or fifteen 3' cans make great changes. The moneyed men of toil.iy were tbe poor men ot-:vfew4 j'eais since. It is a new dispensation a new inter pretation of justice, that respects only the rights of the debtor class, and t;.n hardly be said to comply with the Scr'.p ture tlociiiue, Keuder unto c. ch iu iii hisjuUdue." The a reci tiou ot the cuirency can be carried to such an ex tent that, it will totally upset all business a ratine nents and pbico us iusuchasiate as was France during: the- time ot the Assiguuls. Ann Aiuor Cornier. The Currency Quostitm in Politics If the resumption experiment on the 1st of January next succeeds and lliere are good reasons for expecting iis success the currency question as a politio.il issue will be as dead befo.e the next1 Presidential t-hcUou as the slavery qties tio'u was after the close of t!ic civil war. It i3 only pending questions that can b made tfliciens political issues; when a question has been irreversibly di cided it passes out of poliics. iAll- that is worth disputing about In Ihe cuirency question will be irreversahly decided by the fact of resumption, when w.uitt 01 shall have become a taev instead of an expectation. The abolition ot tdaveiy continued to be a mooted question ..long after the emancipation proclamation, which' s only a promise or ihe express ion of an intention; bt:t when the free dom of the blacks became n accomplish-1 cd fact by amendments to the constitu tion the question passed forever out ot the domain of practical pontics. A sim ilar fate awaits the currency question as soou as the resumption taw or loto ceases to be a promise aud becomes an accomplished fact. When the business of the country shall have been success fully conducted for a single year 011 the specie basis the wildest inflationist in t In land will no more think of re-opciiug the question than the most venomous copperheads in the--. Democratic p.iriy thought or re-opening the slavery ques tion after emancipation was imbedded ia the constitution. When a thing is settled there isiiu cnd of It, arid the cur rency qucstlcn will be effectually settled b3 the successful resumption of specie payments in 1879. Before the Presiden tial canvass opens in lsoU the business ol the country will be securely re-tstablish- ed on a specie basis,-and.' like all setthd questions, it will cease to be a topicot agitation. All classes, wneiner iney be debtors or creditors, will find it for their interest to acquiesce. There is constantly arising a new class who wish to contract debts, and men seeking loans or credit can obtain them to - belter advantage when creditors run no risk as to the me dium of payment. Even existing debt ors will profit in the same way, because a large proportion of existing debtors depend upon a renewal ol loans or cred it to help them through. Capital. will easilv flow out in the support of. new enterprises when its owners become as sured that they will be paid in money as valuable as that which they lend. One year's business on the specie basis will pnt an end to all the wild agitation for inflating the currency. New York Her ald Michigan filiiay Academy, School year commence THURSDAY, BEIT. 19. student prepared 'for the tn.versity, West Point. Annapolii, or lor busim-oa. J"or catalosu , a drees MAJOKf J-SUMNEIl ROGERS, tSiriBisTturnjtiv Oakland O-J. (Atbard Lake, Midi. TO OUR We have removed our stock of GHOCEEXES & ACROSS THE STREET, ISText Dooi-to the 3?ostofiioe, ' Where we will be pleased to meet our friends and patrons. We will keep a com plete line 01 m Choicest Grades of Fanoy Groarl Always on hand, at the lowest Cash Poices. We are Giving Great Bargains in Teas- Ranging in prices from 25 cents to 70 cents. A handsome chromo given with every pound of Tea purcnased in our store. Green Fruits and Vegetables Kept constantly on hand. We have the J. M. Brunswick-Bailee, & Cos handsome 15 ball Novelty POOL Aug. 31st, 1878. Noiseless and more, by buying Hi m&cbine that will last you a life time, and that has all the' latest improvements. VICTOR BEWETCr MACHINE CO., , Liberal Terms to Agent. 381 W. Madison St., Chicago, HI. ' Scad fof Circular. . CARRIAGE S HO PI JtTST OPENED H YVIXG- engage class the ecrvicca ot a first- C AB3IA GE UILDER Wc ar' vr-'V tJ d al1 kia,l' of work in th.- ine, mr,h.i Bugois utters. Wagons, Luberlug Sleighs, &c. 31-aclrs mi thing AhdlHevy Foging.1 Shop on Main street, joining Blake's ma chine shop. K7A1I kind? of farm produce change tor wo k. taken in x-1-u O..S. CLARK, L. RUDDOCK. N O T I O E To Consumers -O F- Tobacco 3 The trroat cebrity of our T TA.QI TO c BACBO have cause mary imitations thereof lo o bo placed on the market, we therefore caution ali cliewersrfgamsti.urchasinftiuch immltation. All dealers buying or sellmu other plnst tobac- cobcarin;ahardor metalic label, render them ' rclvea liable to the penalty of the law, ant all persons violating eur trade marks are punMiable i"liy fine an 1 imprisonment. SEE ACT OF r- CONGHESS, AUG. 14,1870. The irenuine LOKILUKI-TlN TAG TO c RACCO c:in be dUtinzuUhed b a TIN TAG ou each lump with tho word LOIULLAKO S ttami ed thereon. Over7,088 tons tohacco sH in 1877, and ? nearly 3.O00 persons emplnj-ed 1" factoring. Taxes paid Government in 1877 aViut f 3, e 500,000 and daring past 12 years, ever 20,- pooo.ooo, TlieuM jrooda are afild bv all oobers at mnrn- iiiciurorfc ratoa. 43-Sni Hote Property for Sale -rE3IRIXG to leave town I offer therropertj 1J, known aa th Heth. r DK lloi.se, rituatcu un ihe rorntrot Wain and Tioe Stieet. This tle- Mieable prope ty.witl bo eoM on terms to suit ihe purcuueei. Also 3 ACRES OF LAND, 3 miles from the village, well adapted lor garden- j iCtuicSui ' M KS. A LICE H LTI1 EUIXCTOS PATRONS. PROVISIONS. In onr Sample Kooms. C. GALLAGHEB, Succe sor to Ga lather & McDon ild. Povii VaaAndale, Whwsalf- an4 retail lealcr6 in HEAVY AND SHELF HARDWARE T 1 X W A R E I'AINTS. OI.r, GIJASS, TlMTT AllkmUot Fainiiiig" Tools, T2Z2ima ASS UATEBIAL OIL CLOTHS, WHIPS, LAMPS. TUMPS, LEATHER BELTING RUBBER ATH) HEMP PARING, BUILDING PAPER, STEAM FITTINGS 3AS PirE. .lsoall kimlsof TIN AND COPPER WAKE Hiarto ad repaired no20-ly r.ngrutiuy on Wood. H. O. Chandler, ENGRAVER ON WOOD Glenn' Block, lndianapi fs, Ind, EsUmiti on chccrtully mrBi.ct!on npplie I lIBil SULLIVAN Manufacturers Parlor, N I pring Bids, Hittraajj, Iisuajas, Bu:snv Chvis, Looking Glasses, Pictures, Picture Frames Sec Particular Attention Paid to Upholstering and Repairing UNDERTAKING IN ALL ITS BRANCHES. PLATES ENGEAVED In the latest and best style of the art, by J. K. SMYTH. CALL AND LOOK AT OUH PRICES Before purchasing elsewhere, as we will not be undersold! Cheboygan, Mich., Aug. 30th., 1878. BOOK AM JOB PRIHTIM. of buiinf5runi nl t er'N ecPtnu; all K A NH' Business Cards, Bill Note and Letter Heads, Hand Bills, Pamphlets, &c. We have jusl receimf several' fonts of COMICEROIAL WORK Ve VouIil atlrkc Esamina our "specimns. and , Prices Before scutlinf outshlc lor w ork uuruuue uti HUI Our work l jjuarantceiil to GIVE PETiFECT SATISFACTION, prices of any e!as of work will he promptly JuniUhed on application, cither on or by letter. Orders by mail or otherwise lor pi intin lor Wddings. Receptions Will receive prompt and NORTHERN BEOTHEI and Dealers Chamber and 0: T U B E -K- I to j it kint!3 of ij '-j.i r ."a jllltiai for ex- JGBPEINOi'G - . SCCU AS- Heads, Statement.?, Receipts,-OJiG'.ks, Pesters tlm latest styles ol tj'pe Ccsigr.ecl lor our business mca' of this class Wc rc able to r OR CHICAGO. PRICES Balls, Fa "cs, Etc enreful attention. Address, TRIBUNE, Cheboygan Mich.