The Works of Robert G. Ingersoll, Vol. 09 (of 12): Dresden Edition—PoliticalIngersoll, Robert Green
History
The Works of Robert G. Ingersoll, Vol. 09 (of 12): Dresden Edition—Political
Ingersoll, Robert Green
Free thought
The next question prominently before the people--though I think the
great question is, whether citizens shall be protected at home--the
next question I say, is the financial question. With that there is no
trouble. We had to borrow money, and we have to pay it. That is all
there is of that, and we are going to pay it just as soon as we make
the money to pay it with, and we are going to make the money out of
prosperity.
We have to dig it out of the earth. You cannot make a dollar by law. You
cannot redeem a cent by statute. You cannot pay one solitary farthing by
all the resolutions, by all the speeches ever made beneath the sun.
If the greenback doctrine is right, that evidence of national
indebtedness is wealth, if that is their idea, why not go another step
and make every individual note a legal tender? Why not pass a law that
every man shall take every other man's note? Then I swear we would have
money in plenty. No, my friends, a promise to pay a dollar is not a
dollar, no matter if that promise is made by the greatest and most
powerful nation on the globe. A promise is not a performance. An
agreement is not an accomplishment and there never will come a time when
a promise to pay a dollar is as good as the dollar, unless everybody
knows that you have the dollar and will pay it whenever they ask for it.
We want no more inflation. We want simply to pay our debts as fast as
the prosperity of the country allows it and no faster. Every speculator
that was caught with property on his hands upon which he owed more
than the property was worth, wanted the game to go on a little longer.
Whoever heard of a man playing poker that wanted to quit when he was
a loser? He wants to have a fresh deal. He wants another hand, and he
don't want any man that is ahead to jump the game. It is so with the
speculators in this country. They bought land, they bought houses, they
bought goods, and when the crisis and crash came, they were caught with
the property on their hands, and they want another inflation, they
want another tide to rise that will again sweep this driftwood into the
middle of the great financial stream. That is all. Every lot in this
city that was worth five thousand and that is now worth two thousand--do
you know what is the matter with that lot? It has been redeeming. It has
been resuming. That is what is the matter with that lot. Every man that
owned property that has now fallen fifty per cent., that property has
been resuming; and if you could have another inflation to-morrow, the
day that the bubble burst would find thousands of speculators who paid
as much for property as property was worth, and they would ask for
another tide of affairs in men. They would ask for another inflation.
What for? To let them out and put somebody else in.
Public-domain text, read in full here on John Shaqi.
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