Council Bluffs bugle. [volume] (Council Bluffs, Iowa) 1860-1868, 1867-10-31

the Gos ernmsnt. My good old friena
What dill you ges for your son7 Nsth-
ing az ell IL be enlisted in the beginning
OF tbs gar, when IL vas proolaimsa g
be war FOR lhs Uaian- The NAN wh1
Hrst vent out, and want from paress
motives, g0s nothing. IL was rot till the
purpose OF the war vas syowedly chang
I'd that biz boQntiss bad to be offered.
NATIONAL BAsKs.
There Ii atiIl another proposition 70
be considered, and -is is very impei.
tant one, too. About I've years ago,
ens Mr. Salmon P. Chase, Of xhom yon
have heard and read, invented . scheme
Of National banks for Supplying the
country wish eGErsney. Daniel WsbstsE
said a great many years ago, that shs
ingenuity OF man never deFised anything
90 succsssfal for pluudering poor men ~
paper money, but even be never dreamed
OF such . mischief for the plumber of
poor men as Salmon P. Chase's national
banking system. Look at it, and then
ponder upon the character and capacity
oil shs man who could invsps sueh sys-
tem. What is the saodus oDsraHdi =
The Government authorizes these banks
TO issue paper moGey. A eertai9 naR
Der Of men get together and purchase the
bonds of the United States. They put
in, say one hundred thousand dollars IN
greenbacks, and purchase honda Of the
Tn ted States to that amount, they 40.
quire the privilege Of issuing paper mon-
ey. They Issue q certain amoans OF
notes, aad their notes take the place OF
the legai-tenders. TbeY are equivalent
to the legal. tenders ia all respects as 3 cir.
culating medium, exeeps that they are
not compelled to receive shem in payment
for the debts. Let as look ct these vari-
Gus kinds Of money aud see how this sys-
TEN works. That is the sort of money,
[hold ding up q 81 50 gold pisesl that We
mad seven years ago, under Democrat.
ie adminIstr1 tion. That Is not tbs mere
representative of value itself. Seven
years ago that vas worth 2,50. To dag
Ii is worth $500. Now look at this
Holds up S5 treasury note. What's
taat worthP Itswas worth five hundred
cents when il wRs issued TO- day il Is
worth three hundred and sixty ceass.--
That is the difference. Here ID your le-
gal tender, and here, (hoiding up Ss-
tional bank note, 10 Jour national bank
currency. Upon Ehs legal tender yoa pay
no interest; upon the national bank note
you pay six per sent. on the bonds upon
which it is Issued, and good deal more,
too. There is bank 10 Hamilton, uear
whers Hive, that recently declared q div
idcnd Of si5,y one per cent, Who pays
that exorbitant rro6I? You pay it-the
people down at Hamilton pay it. Look
at the cireauloeusion there Is about il.
Here Is bond issued. Mer gss bold oi
it and start bank and eommence issa
ing currency. This note 10 my hand says
s. The National Bank of New London,
Connecticut, will pay S. on demand" F"
will it? No, is won't. That's q lie
right on she face Of il. Pay is whas I In
this--this gold? No indeed. M; that
was under the old Constitution, which
Thaddeus Stevens says is at an end. lie
ssss thq tsqs A 2 RiEJ a ana al gss5su 5uH tHa
Now the Democratic party Of OHIO pro-
poses that instead of this oircumlocusioE
We shall wipe out the national bank cur
rency, and the Government shall issue
its own eurreLcy and saya annually
twensy millions Of interest nov paid 10
the national banks. would ike
sems Republican editor TO answer that
argumeBt and show MhY what have
been suggesting should net DO carried
out. Will any one have the audaeity
TO tell me there is justice In paying
out twenty millions of dollars q yeaH
foe national banks, when We can haEe
Government currency and save shal
amount. Thess national banks are paid
twenty millions yesF for supplying
currency, which is payable 10 another
currency oplY. We have $3.50, ,000, ,00C
of grsenbacks, and 500, ,0d0, 900 Of nA-
tionaI bank notes, All that wunt is,
th i instead OF these two,Rs have 5000,
OJ3. 900 Of greenbacks. Here IL is--a
ereenbaok. IL has got LipSoia ea Is By
Way of iasult. | suppose il hiss ths
goddess of liberty on it. We bad her In
Old times, q dif~rent looking woman. -
There is an old fashioaed goddess oi
liborsv od this piecs Of gald-that's a.
she was when ne had Der a. a reality,
but here sha is on the gseenback, dressed
like q New York belle koIsS TO fancy
ball. TLaugbseF.l There Ia not one oil
you wno would not ss soon take taai
grcenbaek az q national bank nats. And
yet you are TO pay twsuty millions yeaI
for the privilege Of getting these aasion-
al bank notes. | want Congress 70 is-
sue $500, 900 Of kreenbaeks and save the
in eFess. / want taas iSsus made Rexi
year, When yeu are goiDg TO slect Con-
1ressmeu, and | want men Who ara aan
didates for C1ngress TO sxplain their po'
siGion on tbis qaestios. But shey say
ws Hust uos food the country sith pa
per meney. Well, how much more pa
beg -noney will you have out when yeu
have $3.50, ,O00. 600 Of gresnbacks thar
when you have $500, ,000, 900 OF green
backs, and $500, ,O00. 600 Of national ear.
rensy. hslieve, according 70 the bes'
of the arithmetic, that learned down Ia
Naw Lisbon thai 660, ,000, 900 is 6e0, 900
600, whether In national currsHey ol
Rreep backs = Ia one on Ia both.
have said shis issas mast be NAT, ana
Il mast. We shall not forget Samhe,
for he 10 forced upon as. They used te
accuse the Democfatie psrsy Of agisasins
the negre question, bus they ean's d.
that apy more, They have asked a. te
vote the Negro into equality with as
We intend to vote upon that question:
We hags 1871 900 Democrats 10 0hiC
who sill vote upon that The old pFoph.
"a congratulated hlmsslf that be Bad
found : frw people in Israel who did noi
bow the knee to naal. What woald b
hays said If be had found IsI 900 i
[Arpiaase.