The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1865-12-16
Greenbacks VS.. National banlx

1 The editors of the Chicago Tribune, before
they were seized with the rabies of abolition
ism, were democrats, and We notice every
now and then, when they get subjec,
unaffected by the poison Of this mania, they
can still talk nationally and like democrats
Thus, on the tariff question, the Tribune
within . month or two. has had some very
| sound and sensible articles; and within a
week it has taken up the currency question,
protssting against the evils Of . redundant,
irresponsible and irrsdeemable bank curren-
cy, with an energy and point worthy Of a
Legget,. In the Iribune of Saturday We
find . letter from ''Ons of the p ople,'
dated 1t Ottawa, which letter the Tribune
introduces with the remark: There 10 no
doubt in our minds that if the matter WAS
submitted to vote of the people, full uiue-
tenths would oppose the issuing Of .nothe r
dollar of National Bank currency until We
have arrive i at specie payments" The fol-
loving is the letter alluded to:
El,to,s Chicago Tribune:
1 write TO thank you ~ one of the people
for your prompt protest against the further
issue OF Nationsl Baak curr.acy. c,,n;ai.,ed
in yesterdays issue. The opie say with
you, If we must have the vulum- of currency
Increased let it be in the shape oi greenb.cks.
for the benefit of the Government aud the
people, and not for the benefit OF bankers
and capitalists us 20
But tor the fierce clamor of the old bsuts,
who were anxious Tor the fate of their shin
plssters, Mr.. Chase would have issued
800, 100000 greenbacks, which would have
cost the Government nothing, instead OF
recommending the banking law nutho, izng
the issue of interest bonds As the basis Of
National currency. l he member Con.
gress who votes for the Issue OF another
dollar OF National currency will dig hi.
political grA.e from that mJfnrnt. The
people are altogether better posted this
matter than the politicians think They are
willing the pound of h.sh called for i the
'boud"-the Na'ional Banking Law should
be cut. but not n drop ot o.o1d ~ill they sub
NIT to lose. They are willing 10 ne taxed 70
pay the bankers, interest or bondS already
issued, but Secretary McCul'och mus, not
attempt . second edition Of the .chen,e nor
must the representatives of the people, II Ider
any pretence whatever, undertake t. increase
the National currency base upon interest
bonds. No man has vet, and no IN Al can or
ever will answer the question coming up
from al quarters OF the coIntry from Ihe
laboring masses, why did you not give us
greenbacks, which cast nothing, instead of
bankers notes, which cos, US seven and
three tenths per cent interest? We submit.
ted to this because it WAS SAID the Govern
ment in its peril mast have the support of
the capitalists of the country, ard they
demanded the banking laws ~ the price Of
them fidelity We. the people, must aid did
contribute our blood whether We .ouid or
not bnt the y power said. Not dol
lar unless We can control the currency" The
Government bowed To Nall StreeI then. The
danger is now passed and the people are de-.
terminsd to be heard. Retire chment, re-
trenchment. is what We demand. and what,
BY the grace Of God. we are determined 10
have, and woe be IL our servants If :hev
our will in this matter rs,ss :
One OF TIA PEoPLe