The Conservative. (M'connelsville, Ohio) 1866-1871, 1867-09-26


mnnded.
Mr.. EDITOR Tho sixteen hundred
National Banks, that now swarm all
over our country and liko so many
vampires draw the life blood from ev-
cry business occupation If the country,
are n nuisance winch should Mt once be
s7 blo,ted out Of existence, They are of
no advantage to tho business of tho
country, in any respect. They keep
out Of circulation the active capital of
thecountry by converting it into bonds,
inOtoad Of allowing it to Cow into the
channel OF trade. Their creation took
from tho legitimate business of the
- country. three hundred and fifty null
- ion OF dollars Of lawful money which
cost the people nothing to keep in cir-
culation, and supplied its place with
throo hundred millions for the use of
which tho people arc now paying to
Government in taxes twenty seven
million Of dollars which is regularly
paid ser TO these 1000 National
Banks, ~ u bonus for putting INTO cir
culation three hundred million oltheir
own promises 10 pay, not ono dollar of
which they ever expect to pay, or are
required to pay, by the law creating
them i'll anything except tho green
backs that were Withdrawal tor the
Soic snd only purpose Of enabling the
Gondhoiders Of the country 20 convert
u th0:r own use the twonty seven
million dollars now lOvied uron tho In.
Dor o. tae counlgy bya rpmp congress
for that plrp>5o. a. this statement
Oh. may etartlo tho uhii itiateI rtador IL
may bowoll to stats the mode of opcr.
tion by which the sixteen hundred M.
tional Banks were brought into exis-
tenCe. ... BE-
THR ORIGIN or ruE NATIONAL BANKS -.
uHAsH THEIR FATHER--A BRIBE TO THE
BOND HOLDERS TO MAKE THEIR AUTHOR
tim MKT PRESIDENT OF THE UNITED
srArgs a tl& uR -~- ..
Startling as this statement may ap-
pear TO TIE urin.tated. ais novertho-
lsssttruc and is not too strongly sta,
ted. but to. the facts. The country
knows, without It being hero stated,
that for ten yesrs passed S. p. Chase
has had his eye steadily fixed upon the
White Houy9. The rights and inter-
s-'' at the proplc are ashuthing when
l".crI bctwaon l,;m and tho god Of his
a7bition. II Ihe rendering Of n legal
decision 0i curt over which no pre-.
sile1 wo.:li expose 70 public view the
iufAmy that should attach TO those,
t,mse!f ineludei whohld without law,
amt 10 d,fsnce oC plain law arrested
INnss who were guilty Of no crllno
known to rthcr tho laws OF. goal or
man, and had by an illegal military
court an Ia mock trial doomed tho in.
nosent TO prison and TO death, if the
rendering ?, fsu h decision would be like
ly to lesson his chances for the White
House The dccrsion must not be
published, tho law must not be declar-
Ell, Let the baslLc grow with their
victories, lot the innocent 60 to the
gAlows, why should stop and loose
sight Of my prise on their account
To aid in bringing about an end so de-
slrablo was the chici motive had in
view By the author Of the Bank Law.
At ,hr tlmo tho bank law was pass
ed by Congress, nj the specal request
Of Chase, there was from eight hundred
20 ono thousand million dollars Of
grecnbacks in circulation and were by
the people preferred to all other mon
ey except gold The holders of green
backs %oro invited to forward tho
same 10 tho Secretary of the Treasury
and exchange them for 500 SIX per
cent. gold bearing interest bonds, fhe
holders Of the bonds, received in ex-
change fer the groenhacks, were thon
invted to form companies and so TO
banking upon the bonds just received
for thoir green backs Each company
having one hundred thousand dJlars
in bonds by doposting them with the
Treasurer ofthe untrG States were to
rOcelye tho interest regularly in gold
and We're to DO furnished with ninety
thousand dollars Of notes with author.
a., a. ,csua Them no mOnoN- tO ha ,ool