Indiana American. [volume] (Brookville, Ind.) 1865-1872, 1867-09-20


No system could be devised that would be
more injurious to the common people, for
it Is well known that the sharp ones always
work off deprecated currency into their
hands. The old Continental money was
made plenty in the Same way-so plenty
that 81 900 would not buy square break
fast. The Government Of the rebel States
made money so plenty in the same way,
that their money was only good for waste
paper. If the people want to disgrace
and. ruin themselves and their Government
they have but TO lend favoring ear TO
thcse repudiating doctrines, and follow
the advice Of these scheming. repudiators.
They are only the teachings Of the same
men who wished to hand you over, bound
hand and foot, to the rebels.
A large part Of the bonded indebted
ness of the United States is owned in
foreign countries, and, Of course, is out of
the reach of any tax laws that could be
passed in any of the States. Greenbacks
would be valueless for the redemption OF
these bonds, and an attempt to force pay.
ment in such currency would result in
driving the bonds, now held by our own
people, Gin order to escape taxation,) to
such foreign countries; aud If not paid in
gold, as already solemnly promised, would
involve us in war with England, France
and Germany. Again, very large amount
Of Government bonds are used as the basis
of National banking. These bonds now
pay State and county tax, and yet these
schemers talk about destroying the Nation
al Banks.
My advice is. let we'll enough alone. You
have a national bank system, more perfect
than any that ever before existed. No
holder Of National Bank note ever lost
cent by il, and never will. Such banks
may sometincs suspend. but the people
who hold their notes are thoroughly pro-
tected from loss. Iau well know this was
never the case under any system that ever
existed before. Then suspension was
generally a total loss, and the note OF u
good bank was only current in ;he neigh
borhood where it was issued. DON: you
all remember in days gone by, when ;he
country was flooded with the State curren-
cy, how every neighborhood was oyerrun
with brokers, running from State TO State
and bank b bank, TO secure payment in
gold of the notes which they held, forcing
the bank to suspend, thus leaving the vast
surplus Of worthless currency in the
hands Of the common people? National
Bank notes are good alike. in every part
of the Republic. Irepeat, better lot well
enough alone. Anything that disturbs
the currency, unsettlcs values and Injuries
the people. National Banks cannot con-
tract and expand, which was the chief OBJ
lection to the old system. National Banks
issue no bills themselves. The Govern
ment issues them, and is resposibe for
them, because the Government owes the
banks, in bonds owned by the banks, and
deposited in the United States Treasury,
6 per cent, moro than the bills issued
Hence there can be no such thing as the
failure Of National Bank not so long as
the National Government is good. The
whole amount fbills that the law author
lied has been issued, SO that any expan-
sion or increase Of National Bank notes
is impossible.
Again, the official reports show that the
National Banks have loaned to the people
an amount equal to their capital stock.
Now, force the National Banks to wind up
as these hypocrit:cal schemers would have
them do. aud the inevitable result is, that
the banks must force the people to pay
back what they have borrowed, and the
runious injury falls upon the people at
last. Nothing could be more fatal to the
business of the community. 1t would
bring famine, disaster and ruin upon thou
sands of our best business men, depress
prices. injure all, aud benefit none. Let
the currency alone. Keep the power in
the hands of the men whose wisdom, pa
triotism and yalor put down the rebellion,
and have thus far saved us from bankrupt
cy md ruin. Teach these repudiuting
schemers and rebel sympathizers that they
must keep back seats; that when their
advice is wanted they will be sent for
This will be the best course for you and
for your country.
The wisdom and patriotism of tho Re-
publican party carried you successfully
through tie ho rors OF civil war,in spite OF
the efforts Of the Northern wing Of the
Southern Coniederacy, in spite of the
counsel aud efforts Of such political lead
ers as Thurman, Ranney, Pepdleton and
diiuhutpudhh, ahu thO 0ahO NASNOh hhu
patriotism will be exercised in relieving
you Of every burthen as speedily as it can
be done without dishonor.
What more can / say2 would say
another word to the boys who have worn
the blue. l have had good deal to say
to them in tho past few years, aud they
have always trusted me. If the enemy was
TO be attacked-if there were barriers in
the way, they we're already to obey orders
attack the foe, aud make their barriers. oui
own. There may be barriers in this con
test. and this question Of negro suffrage
may be one, but il has been thrust upon
us by tho enemy. Their rebellion has
made it necessary; let US take the barrier
and make it our own. Cheers.
These traitors think they are going to
succeed. Tho acting President is with
them, in attempting to destroy the power
of the Union party. And predict tha
when Congress assemblies, Andy johnson
aided by the leaders of this party, will at.
tempt to resist Congress in the preiormanc,
of its plain duty. There is danger ahead
every vote you cast, which is not directly
for the Republican party, or which yol
fail to cast, is in effect vote against tn,
life of the nation. But the grand arm,
OF the Republic still lives, and while
! lives the nation will live.
Tom Thumb lisps. lie considers him
self Thumb punkinth.