Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1857-12-06
SUNDAY MORNING DECEMBER 8, 1867.
~ We have never known healthier tone to

~ We have never known healthier tone to
pervsde the Democratic press upon the subject Of
banks than at the present time From every portion
Of the country they are eminenty orthodox, and in
substance, speak the same language. Never before,
in the history Ofthe country, have the practical ad
vantages and the sOundness of the Democratic theory
in favor of UHOrm constitutional currency been SO
fOrciby illustrated as at the present time Hereto
fsre shin plaster advocates have been able to some
extent to divide the responsibility of suspensions
and revulsiOns between the banks and the people.
Heretofore large and ruinOus individual embarras-
rlents we're the precursors and sham excuses for
bankrupt banks. Fortunately they stand alone now.
open and exposed. Their troubles have come upon
the country without provocstion OF excuse, except
from the inherent disease and rottenness that lie
within the system itself Their, alamites have come
upon the people in the midst Of unprecedented pros
perity, when the positive wealth of the country
At it's highest point, and energy and labor were
resPing their fullest reward-When the people were
comparatively, out Of debt, and Providence most
beuntiful in its favors. The banks are powerless
and defenceless for They have none and can
make none, except that there is q want of "con-
hdenoe" in their soundness
There are but few Of the uninitiated who under
stand the art and mystery Of Faro Bank or Lotte-
~. There are very few, however, but what can un-
derstsnd that they are instruments of fraud and
sWindling upon community. So with our present
legalized banks. The great mass of the peopemay
not understand this modern system Of fnanciering,
or comprehend the immediate causes that brought
about our present monetary troubles yet the hum
blest and feels that it can be attributable
to other cause than the banks themselves, and
that therefore, they are eating cancers upon the
body polite and that the sooner removed the bet
ter.
There is one other thing that the people under
stand, which is, that gold dollar is at all times
worth more than its sham paper representative. All
that is necessary TO convince every honest man of
the prOpriety Of getting rid of this sham money is
to show that there is enough of the real money at
command TO take its plsce-solid metal, not now in
circulation but boarded account of its inability
circulate with another currency of unequal value
That there u more gold and silver in the country
now, performing of the offices of currency,
than the entire paper issue, at the height of
its recent expansion, is well known fact shown by
the statistics of the country and which no intelli-
gent man will dare cOntrovert.
OF all the causes which have ever afflicted our
political system our present spurious currency is
the worst OF all the times to remedy the evil one
more favorable than the present has ever occurred
No evil was ever gotten rid Of without suffering and
loss; nor rid ourselves of this without sub
hitting to some temporary inconvenience. The to
per who has stepped himself in dissipation fer time
past, may find some difficulty in getting weaned
from his cups, by slow process but it is GER
tainly infinitely better that he should do so, than
endeavOr to keep his strung by continued po
tatiOns Of the poisonous drug, which will ultimately
ruin him. So with our present banking system
and the people feel tit is better that radesmen
and Spectators should experience some temporary
inconvenience in borrowing credit, than that the
great laboring masses and producing interests of
the country should continue to be taxed with rot
ten and fraudulent paper money system, thai robs
them every few years of large portion of their |
earnings and materially retards the solid prosper.
ty which they would otherwise enjoy.