The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1867-08-10
sfARTLINe pEyELoPMExrs.

I IL any one. thing shsnld claim more than
another the attsntioa Of the people, il in the
National finances- Il lis f,ct hit they are
in bad condition, under the led Of the
Wall street gamblers, and western money.
shaving, wildcat banker. These worthless
have for some tune been paving tho wy 1,
60. down 20 specie basis. From day 70 day
the commerciai papers in New York have
been given loud utterances ia favor Of q e.oid
bssiss Although l. is true that the usual
aufoant Of base aceompanyments, dsf,yine
ths utility Of this scheme has hssls 50 in,srl
minged as not to have tAe<plot disclosed.
yetsvsa these have ssn so feeble aud SO
lev, that the pubic have not been aware Of
any apparsRis'dissent in any quarter of the
eastern financial world. IN the west the
4estago TribGsA the special organ Of the
Wild cats, with the happy knsck OF aenonnc-
ing whasis desired, has been speciaily en-
gagged in depreciating the scheme in coca
sional editorials. white the public have bean
gorged with fuii details Of Mr.. McculIoch's
l.policy. tat
The scheme Of the fnanciers to obtain
the absolute control Of the f.ances, and
threby Of the government, was coeval
with the government. General Jack son,
however, defeated the project, 50 lar a. 10
destroy the charter of the United States
Bank, in name, though the substance aimed
at was accomplished by a national coinage
system, gold legal tender and impost duties.
fho currency ortion was supplied by the
legislation Of the different States. New
York took the lead, and by her commercial
position, aided by large bank circulation,
and the financial laws of the United States.
was soon able to large exteat 70 control
the entire circulation OF the country. By
gold lying laws, including the payment for
public lands, as well as impost duties, the
gold was largely circulated at New York
city, and BY tbs humbug, or rather the rob-
berry Of the gold basis system, she wss able
to make the whole country pay her the trb-
ute demanded. Thus situated, when the
war comm enced, instead Of stacking rebels,
she opened her artillery upon the govern
ment credit, and with the aid of the London
inns and the British belligerent doctrines,
she succeeded, not in demoIishing the gov
ernwent, but is credit. though nov the war
is over the finances, in the clamor about
"reconstrnotion, will probably succeed IN
the demolition Of the government and plac-
ing king gold over the throne
Would space permit, we should like to
trace me meandering Of this willy power
through the war, and to exhibit some Of the
precious morceaus it dispensed to the people
The exhibitions Of Wal street patriotism,
illustrated in the LidePendent, must suffice
for fl- present IL has been for a long time
well understood in business circles that COR
national finances are in 4 bad condition, but
the offer Of this Wall street gambler is one
ia one Of pure disinteressed bensyolenee on
the part of the financisrs, and significant, as
showing what their aims are lie says:
ia order to iasu -e to- tha geyea6me,s a lali
REVENGE, aud at the .mE time TO foster coan-
merce. manufactures and agriculture, teeping
70 view return 60 sptcis payments, there is
needed 20 he laid down fbv the government a
system Of finance extending over several years.
10 which the business 81 ali classes can be ad>
Justed- Among other plans to produce this re-
suit tie present is Submitted.
According 70 the government exhi-
biz Of May, lstt1, there were le-
gal ,enferss IN circui -.,,-n excu-
siver fractional ,arreuyy. SAT-, 247, rs7
S~' bank eircCi atl0a author,
Ae extent Of 100000, 900
r .e-4 w. eor