The Fairfield herald. [volume] (Winnsboro, S.C.) 1849-1876, 1870-03-09
Elo..ing Brings Us Home.

ANA we. 9 LORD, have wandered from Thy !
HU. evening brings VS. home.
Among the mials we stumble, and the rocks |,
Where the brown lichcn Shitons AMI the
toX
Watches The s,ragslcrs from The scattered
iu. cv uins hrings us hpuc.
Tic sharp ,horns prize, '. and our ,cnicr
A,c ,ui aud hlra,i,n@ AMI The lamhs "nr"l
tIhrir ritiui @rmrltImiS .. ro.' Il $500,
When evening bring, nont
We have bee, wo" dSj IS tho lrtltcr's
oar c,vs are ycry heavy, and our hearts
Search lov thy coming when the light dc.
Am.l cyrnin. h'ings ua home
Currency Expansion il Congress aud War
q thc Supreme IOult OH the Legal
10 !de,%.
,j''.5 when the Supreme Court of
,nc United States, says the New York
iu|d, decides that debts contracted
before the Legal Tcnlcr act Of 1862
was passed must bo paid in specie,
n"l tIus dealing blow ut our
:;tccnhN1h money, Congress seems
intent 9" increasing the national
jHnk currency. There have been
several resolutions submitted to Con-
"rcsj to dis end, aud various amounts
Of currency to be issued. These re-
solution. have taken The usual course
"t rc!crcAco to committees, without
aHy action or report up to this time.
Il appears that the members Of tho
i|"uSc have become impatient. They
want more national bank notes, and
want Chem immediately, Yesterday
Mr.. l'ouShri1gc, Of Iowa, brought up
his resolution, offered on the lth of
tiiS month, to increase the national
currency atty millions, and instructing
She Committee on Banking and Cur
roncy to report to The House at as
early a day as practicable bill for tho
purpos,. On II motion to second the
prDyiou, question, and thus to bring
tho resolution directly before the
!l"asH, thn vote stood l0S to 73.
'!hc resolution was then adopted
ylas llo, nays 73 1t is evident
t'om This vote that the national bank
interest 10 overwhelmingly powerful
in tho House, and that the Western
mcmbc,S especially arc favorable to
IN expansion Of tho currency. Many
OF Tho Snuthc representatives. and
democrats voted also for the rcsolu-
Ii ~.
All the talk about contraction in
order to bring about specie payments
amounts 10 nothing. In fact it is
sheer tnncombe, and is only used for
The purpose Of getting the legal tender
&tcenbacks out of the way so that the
national bank corporations may have
tho whole Of the national circulation
and tho enormous profits thereon.
This proposition Of The House to in.
crease tho currency fifty millions
like that which was pushed through
The Senate :, few weeks ago pro-
siding for an increase Of forty-fivc
millions Of national bank circulation,
ia part of this general plan. We
SHOULD ike to know how many mnm-
hers of Congress are interested direct
ly OF Indirectly in the national bank
associations. A knowledge of that
might give clue to the action of the
Congress on this question. If tue
national banS monopolsts can get the
:Tncnbacks out Of tho way, as they
"lp)ar determined to do, and have
,hc whole circulation Of tho country
n their hands, their annual profits
on this will amount 70 thirty five
mlliions Of dollars in gold. THIS
enormous sum will come out of the
pockets of tho people, and could all
hc saved i we had q mform legal
tender currency only. No govern
mcnt in tho world is stupid enough
70 ,Aakc gift Of tho 'roiits on
national circulation - private coy,
rorations but ours, tLc talk about
specie Pr ymouts Is q shallow prctux..
How and when is that likely to be
rcnutcd Ii we arc to havo another
circulation than the irrcdccmnble
notes Of the national banks2 These
institutions would never want it., for
They can make much more out of their
paper money system.
1t has been said Of Mr.. Chase that
he WAS the father Of the grecnbacks
but he now contcSscs that ho never
liked his o'lsrrinSing, and he is doing
All he can to rcpudiato it, lie IS
proud, however, of that other f.
spring, the nctional bank system.
llo is an ambitious man, and the
national bank are mighty power in
the country.