The Tiffin weekly tribune. (Tiffin, Ohio) 1859-1868, 1864-11-24
A Speech by Mr.. Ohase---Tho Fin
ancial Strength ofthe Country
MILal - d.. Ill e.

Tho following is an extract from the
very interesting speech made in 81. Lou
Is, on Saturday night by Gov. Chase;
DEflNIrIoN OF A GREENBAck.
Now have hccn called the father of
grcenbucks. You are the fathers of
grccnbucks, What is a grcenbhck!
Did yoI over think what II wal Why,
il is simply the credit OF this great Amer.
lean people put into the form of money
to circulate among the very people whose
credit makes il worth anything. When
was Secretary of the Troasnry, the
question arose how should these vast
armies aud navies be supplied! How
Shoud the boys be- fed IN the field, the
sailors In ships, aud provisions made for
'h"ir support, their clothing, their food
ana tansror,utioh! found the banks
OF thc country had suspended specie pay.
! mcnt. What was To dor The banks
wanted me 10; borrow their CT, di, ar nav
them interest IN gold upon their credit.
They did not pay any gold, or propose 10
pay any themselves, but they wanted me
to borrow their notes. snid,"No, gen.
tlcmcn, this great American people is
worth all of you put together, aud | will
tekc the credit OF these people and cut il
up IN the form of lilllc bits of paper, and
wcwill circulate that paper, aud We will
receive that paper Tor bonds, upon which
We will punctually pay lhr interest in
gold; and then, In order that the national
currency might be permanent and that
nobody could have Just cause to complain,
] called the national banking system in
to existence, and pledged every bank To
| redeem It's currency in gr1cnbacks, aud
the Government biedgcd that every dol
lar should be redeemed in the end the
securities to be pledged aud provided
that In the end everything should be
made equivalent TO gold.
think this Is the true idea Of green.
back. II Is the credit aud properly oi
the American people; made to serve the
purpose of money il the midst of groai
strife, when we must have everything we
can get, And, fcllUw.cil,zcns, in my
humble judy ement, ii cut OF ihis war this
nationa, currency comes as is provided
Tor in our platform, SO tha, no Western
farmer or merchant will be obliged to pay
tribute To the East ia exchanged .pplsuieI
50 that we shalt not lose upon exchange
so large profit upon cur industry; $,
that the laborcr receives his dollar or tive
dollars, os d,z,n dcllars, at the night o
weeks end, Fhall be perfectly sure that !
will not ,urn 60 dust aud ashes before III,
morning sun rises; | say ii we can 90
, such eOund currency us this, then thi,
4 country will not, at least, have bcel
1 without one OF the collateral benefits O
this war, ifyou eau take your money ol
!. the Atlantic, aud 20 TO the Pacific, an
], pay your bills all the way, without hsy
! ing to ses9gS the s'Tss,i, say if the & Govern ,rD
n ment is administered as il should be-. viii
proper vieor and economy, every dollar i
grcenbscks viii be Ds good as a dollar !,
gold. Why, eight months ago, If coul,
have had the assurance that | would no
have been troo5led with any other issucs
, If could have been assured that ther,
should DO no trouble from any nnuulhori
zcd currency, Unauthorized by any bu
The nation itsclt'-I would have unIerta
r Ken TO resume specie paymeu. in week
! anybody wart,d IL, aud ! say, now, 1
the war Is prosecuted as Il ought 10 be
aud the Government is administer ~ ill
tho economy and prudence that | trust !,
will be, Then there is no more danger nj
that currency than there is that m, Amer
lean people will fail.
They ave negro In PoinforJ. Y,
'Whois 1870 years old