The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-11-23
Frsning Telegtap'l
WIKI NEsDAY, NOVEMBER p. is9l.
a eREENBACK.-DY FSIE "FATuEROF
GREENBAtRS

The following Is an extract from the very inter-
esting speech madc in st. Louis ou last turhy
Dielt By Governor Chase, ox-Secretlry Of the
Treasury Now have been called tho fa.her OF
ersenhacks. Tot are the fathers Of grecnb tcks.
Wbat is peenbAckl DID you ever thiak what
nWas2 Why, Il Is simply the credit OF this gralG
Amtr;can people pat in the form OF monoy 20
cirt ulate among 'hc very people whose credit.
male. IL worth anything. When Ty1s secret ary
OF The Treasury, the question arJ,C, Iow should
tbe vast arniits aud navics be supnisi2 dow
shf old The boys be fed in toe field the sa lnr, ia
sbis, sad provision made for their supbor. thair
clohing, thtir FOOD and transportation / Jund
Inc banks OF the country tid SUSPENDED s.safs
pa, uirut. What was I 20 do TIE banks 5ysntei
nc borrow her credit or pay them iltargst IN
gold upon their crc iit. Tbcv did mot DlY ulv
gold, or propose top.y any iuem,lly.s, uut they
whtiod ne 20 Ourluw their ultfs. 1 sad ..-.'E, D.
ger fltntn, this great American people E, worth
81 q you pot tcgethcr. and viii take The Gre Iit
Of these people and Gu 10 mp u ha form Of lig'Ie
bits oi pGpr, and We Will circulate tult paper,
and We will receive fha' paper for bonds ugl1
VIII, we viii punc.uully pay The interest in gold:
anG then, in Urdet thai the national currency
might be permanent, aud that uobJdy could have
riust cause 10 complain, l called tho na'iOnll
banking system intO existence aud pledged every
bauk To redeem its currency ia greeu5 ,Cks, and
the Government pledged that every dolhrshollt
be- Tedcemed in the eud-ths securities tD no
pledged and pruyided-thIt in the end every
ihire shouldbe made equivalent 10 gold
thluk THIS u the true idea of grgcnbl *.
II j, the credit ana property OF the Ans lean
people. made TO serve the purpose OF mo1ay "a
the midst OF great strife, when we must have
even thing We can get. And, felloW-cifiarns iu
ms hgmbe judgment. IL out lf this var this
nati1ual cuuenc, comes as Is provided for iu our
platiO. ~, 30 that no WesIen farmer or merchant
viii be- OBLIGED 90 pay triJutc 20 the East in his
exchange (sppausc) so that We sa7ll no! lose
upon exchange SO large q profit upon Our i1-
du,jry that the abOrer re elves his dollar or
i've collars, or GO1eu dollars at tue nitht of fha
week tno, shall b. perfectly sure IN lt 10 will no.
tDTu 10 ashes before the morning sun rises. 7 SAY
Il We can get such sound currency AS this,
then this country will not 0t least, have been
WitnCGt ore Of tie collateral benefits OF t1i, var
ifJCu can take your money on the Atlantic aud
90 20 the Pacific and pay yOug bills ali the way
Without having 20 change the currency O, every
tavern you stop at
/ say il the Government is administered rs IL
should be, With proper yigOy and economy, every
do,sr in rreeubacks will be as gOoi as "a dollar
In Eod Why, eight months ago II [ could have
had the assurance that 1 would npt have been
trouh With any other issues, It | could have
been assured that there should ne no trouble from
any unauthorized currency, unauthorized by any
hui the netion itself, l would have undertaken to
Tetrme specie pay meut in week, IL anybody
wanted it and say, now if the war is prose-
cnted as 1t ought to he, and the Government Is
administered with the economy and pru lsu'C
that trust it will be, thea there iR 40 more
dAI er Of that currency than thetc is that the
American people will fail.