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One of the duties of the government is to encourage industry, and one of the means is the creation of true money—money that is not subject to change of rate, and that is therefore constant in value—money that represents the people, and is therefore as good as they—money that is a perpetual lien on the wealth of the country, and is therefore as safe as that—money that is independent of material security, and is therefore cheaper than any other—money that, being true in kind, constant in value, good as the people, safe as their wealth, cheaper than any other, of undivided function, of unrestricted circulation, and of undoubted authority, has all the qualities that money should have, and not any it should not have.
Philadelphia, February, 1868.
