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Editorial August 25, 1837

The Daily Herald

New Haven, New Haven County, Connecticut

What is this article about?

Satirical critique of impending congressional currency reforms, mocking the idea of an 'untried expedient' to replace paper and metal money, proposing tobacco as a historical alternative from 1662 Virginia, with jabs at politicians like Silas Wright.

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OCR Quality

98% Excellent

Full Text

"The Expedient."—In the approaching session of Congress, the currency is understood to be the main business; and there are hopes that "an untried expedient" will complete the work of destruction so ably commenced and hitherto so successfully carried through by "The Experiment." If our rulers are determined to carry us back to barbarism, proscribe one artificial standard of value, (paper money,) and banish from the country another, (the metals,) it is high time that all of us were casting about for something to supply their places. What measure of value, then, shall be had? If the decree has gone forth that the "expedient" must be "an untried" one, what then shall be our currency? Is wheat to be the standard of value, or do you think Mr. Silas Wright has an eye to pumpkins and squashes for his "untried" currency?

Unless it is supposed by our rulers that they cannot have glory enough in reaching ruin except by an "untried expedient," an expedient might be suggested which has been tried in the good old times. Since we must retrograde in the social condition, let us march back at once, and make no bones of it, to 1662. when the old "Old Dominion" was blessed with an expedient for bank rags and gold and silver Tobacco was that "Expedient."

That the officers of the party may know how this expedient might suit them personally, and thus enable them easily to arrive at its advantages to the nation, it is proper to state that Virginia allowed each Burgess during the sitting of the Assembly, "150 lbs. of Tobacco and cask per day, besides the necessary charge of going to the assembly and returning." Would this be enough for members of Congress, or do you think there ought to be two casks instead of one?

D. M.

Newark Daily Advertiser.

What sub-type of article is it?

Economic Policy Satire

What keywords are associated?

Currency Reform Untried Expedient Tobacco Standard Economic Destruction Silas Wright Virginia History

What entities or persons were involved?

Congress Mr. Silas Wright Virginia Burgesses

Editorial Details

Primary Topic

Satirical Critique Of Untried Currency Expedient

Stance / Tone

Satirical Mockery Of Government Economic Policy

Key Figures

Congress Mr. Silas Wright Virginia Burgesses

Key Arguments

Government's Currency Policies Are Destroying Standards Of Value Like Paper Money And Metals Mocking Proposal Of An 'Untried Expedient' Leading To Barbarism Satirical Suggestion To Revert To Tobacco As Currency From 1662 Virginia Personal Benefits For Politicians Under Tobacco Payment System

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