The Burlington weekly hawk-eye. [volume] (Burlington [Iowa]) 1860-1876, 1864-11-19


Deal 70 traitors swift dee eetruction,
UAuse this cruel war 10 cease,
And dy Arm. decisive action,
Gain an EVERLASTING PEACE.
THEo ]. EIxoRE.
TEE FINANCIAL STRENoTH OF THE
CouN1Rv-WHAr A GRREHBAcK Is.-The
following 10 an extract from the very in
teresting speech made in st. Louis, on Sat-
urtlay evening last, by Gov. Chase:
DEFINITION OF A GRERNBACK.
DNow have been called the father OF
Greenbacks. You are the fathers Of green
hacks. What is Greenback? Did you
ever think what it was? Why, it Is SIM
pie put in the f0um OF money, to circulate
among the very people whose credit makes
1t worth anything. When I was Secretary
Of the Treasury, the question arose, how
should these vast armies and navies be
supplied? How should the boys in the
fsld be fed, the sailors in ships, and pro-
vision made for .9eir support, their cloth, !,
the banks Of the country had suspended
specie payment. What was ! to do7 The
banks wanted me ito borrow their credit,
or pay them interest in gold upon their
credit. They did not pay any gold, or
propose to pay any themselves, but they
wanted me TO borrow their notes. said,
mo, gentlemen, this great American peo-
pie is worth all of you put together, and /
will take the credit OF this people and cut
it up IN the form Of little bids of paper,
and we will circulate that paper, and we
will receive that paper for bonds, upon
which we viii pnnctually pay the interest
in gold and then, in order that the nation
nobody could have just cause to complain,
called the national banking system into
existence, and pledged every bank TO re-
deem its currency in greenbacks, and the
Government pledged that every dollar
should be redeemed in the end-the secu-
rites to be pledged and provided-that in
the end everything should be made equiv
think this is the true idea Of green.
hack. It IL the credit and property of the
American people, made 70 serve the pur-
pose Of money in the midst ofa great strife
when We must have everything we can get.
And, fellow-ciizens, in my humOle judg.
ment, If out of this war this national cur
rency comes as is provided for IN our pat
form, so that no Western farmer or mez-
chan. will be obliged to pay tribute to the
East in his exchange, lspplause] 50 that We
shali not lose upon exchange go large
profit upon our industry; 30 that the la
borer receives his dollar or two dollars, OI
dozen dollars, at The night of weeks end
shall be perfectly sure that it will not turu
to dust and ashes before the morning sur
Rises. ! say if We can get such soung
currency as this, then this country viii
not, at least, have been without one OF the
collateral benefits Of this war, il you car
take your money on the Atlantic and SO tc
the Pacific and pay your bills all the way
without having to change the currency q
every tavern you stop at. say 2
the Governmsnt ID administered as Il
- hn n -
every dollar in greenbacks will be as good
as dollar in gold. Why, eight months
ago could have had the assurance that
would not have been troubled with any
other issues-if could have been assured
that there should be no trouble from any
unauthorized currency, unauthorized by
any hat the nation itself-I would have
week, If anybody wanted il, and / say now
II the war Is prosecuted as 1t ought to be
and the Government is administered with
the economy and prudence that I trust il
will be. then there Is no more danger o.
hat currency than there IS thai the Amer
lean people will fail:
TIE Sors OF LIBERTY ALLIES OF JEFF
DAvIs.-Colonel sJaques, who, in compa-
ny with Mr.. Gilmore, visited RchmonC
last spring, and had an interview with
JsG. Davis, was in this city yesterday. II
"a Account OF MS COuvo1 49, AOA wASaA Az
Davis he said: ssIt was in the presence anG
from Mr.. Davis's own lips that learned o
the existence Of such an order as the SOM
Of Liberty at the West, and that the mail
reliance Of the rebels for success was upol
the divided North" Colonel Jaques alst
said that, contrary to the generally re
ceived opinion, JEFF. Davis appears to be il
good firm health; that all the weight Q
the Southern Confederacy will never crusl
him. It Just develops his indomitaol
powers Of will and feeds the intense ire
Of fambition forenpire, which dazzles him
Boston Traveller.
The New York municipal authorities ar
giving their attention to novel street nui
sance in that city, in the shape of immens'
wagons covered with ,placards, advertis
Ing various medicinal and other humbugs