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Editorial
February 10, 1841
The Daily Herald
New Haven, New Haven County, Connecticut
What is this article about?
Satirical editorial criticizing the U.S. Treasury for issuing paper warrants instead of hard currency, mocking Locofoco Democrats' push for gold and silver while highlighting government hypocrisy in small payments subject to postage and protest.
OCR Quality
95%
Excellent
Full Text
The better Currency—Down with the rag money!—Up with the hard!—This is the cry of the new Locofoco "regulators," who were to make the gold shine through the interstices of long silken purses and supply every man's necessities with pure metallic coin. Let us see how this gold affair turns out. It has been in partial operation now about two years;—the government has made its arrangements to take nothing but gold and silver of the people, and has appointed its Receiver-Generals and Sub-Receivers, thence to be placed in the hands of the Treasury of the United States. But when the Treasurer is called on for a small balance of account, what does he do? Does he count out the coin? No: He goes to his rag book, and on a piece of paper figured out like a veritable bank rag bill, he writes as follows:—(We have the document before us)
"No. 6211. Issued on Warrant No. 4591.
$9.86 1-00. Treasury of the United States,
Washington, Jan. 29, 1841.
At sight, pay to the order of
, due widow
of
, Nine Dollars 86 1-00.
W. SELDEN.
Treasurer of the United States.
No, 6211. Registered 29 January, 1841. $9.86 1-00
T. L. SMITH,
Register of the Treasury.
Receiver General, New York."
Here is the veritable "better currency," issued for a sum less than ten dollars, subject to postage and liable to be protested—an instance being known for even a less sum than this, "for want of funds." Vive la bagatelle!
Did the Democrats have any hand in this matter—the "miserable Locofocos," as the Herald calls them, "who are not worth a stiver." Register.
We will thank the Register to point out that No. of the Herald and that part of it which contains the epithet above, given as quoted from us. We deny ever having used such language. It is too common with the Register to take up its own misgivings and attribute them to others, and argue from them as if they were facts. We have indeed heard of "miserable Conservatives" and men "like cattle driven to market," but have never seen the term "miserable Locofocos," "who are not worth a stiver," except in the Columbian Register. "Equal and exact," you know.
"No. 6211. Issued on Warrant No. 4591.
$9.86 1-00. Treasury of the United States,
Washington, Jan. 29, 1841.
At sight, pay to the order of
, due widow
of
, Nine Dollars 86 1-00.
W. SELDEN.
Treasurer of the United States.
No, 6211. Registered 29 January, 1841. $9.86 1-00
T. L. SMITH,
Register of the Treasury.
Receiver General, New York."
Here is the veritable "better currency," issued for a sum less than ten dollars, subject to postage and liable to be protested—an instance being known for even a less sum than this, "for want of funds." Vive la bagatelle!
Did the Democrats have any hand in this matter—the "miserable Locofocos," as the Herald calls them, "who are not worth a stiver." Register.
We will thank the Register to point out that No. of the Herald and that part of it which contains the epithet above, given as quoted from us. We deny ever having used such language. It is too common with the Register to take up its own misgivings and attribute them to others, and argue from them as if they were facts. We have indeed heard of "miserable Conservatives" and men "like cattle driven to market," but have never seen the term "miserable Locofocos," "who are not worth a stiver," except in the Columbian Register. "Equal and exact," you know.
What sub-type of article is it?
Economic Policy
Partisan Politics
What keywords are associated?
Hard Money
Rag Money
Locofocos
Treasury Warrants
Paper Currency
Democrats
Gold Standard
What entities or persons were involved?
Locofoco Regulators
Democrats
Treasury Of The United States
W. Selden
T. L. Smith
Herald
Columbian Register
Editorial Details
Primary Topic
Critique Of Treasury Paper Warrants Versus Hard Money
Stance / Tone
Satirical Mockery Of Government Hypocrisy And Democrats
Key Figures
Locofoco Regulators
Democrats
Treasury Of The United States
W. Selden
T. L. Smith
Herald
Columbian Register
Key Arguments
Government Accepts Only Gold And Silver But Pays Out In Paper Warrants
Small Payments Like $9.86 Are Issued As Protestable Paper Subject To Postage
Locofocos Promised Pure Metallic Coin But Deliver 'Rag Money'
Denial Of Using Derogatory Language Attributed To Herald