The home journal. (Winchester, Tenn.) 1858-188?, 1874-05-14
The CurrGncy Question.


D''sI1 INFORMS us thal lhc Eastern aI'I
M'uo'e o'"'c5 nave an ~"n''huohce 81
cuI'rHcS-!"r SIX Eastern states -"
~ al" me hVe M'ddIc STATES ~
fio'''" "Ip'c I0oi ''oN arc c'ltl'le" y"
noo'r lhc oPp"rlloNlhchl uHl'-"hlI'
the SOUTHERN Southwestern AMI west
tih states together nave a dollel"icN
OF S'2'o9i $40, Ana MI Maynard
agrees "IlI Mr, bright lhal "lllr
Wholc country Is demanding money
money money, except ~ the Ne"
E',S'"ho ahu MllIIr States
n0I why Is II That the Nrw Eo9'ah''
7,"t'7 arc Rowing WIN mIIN amt money
WINE me southern States are upon 'Ic
verge OF "a~rNruplcy what has pro
uuGed lIIia s'aLt oI aIi'lf3 Lac ans
"rI 10 lUla question - Il simple one
I~"n'r"cllon OF inc currency NY ''c
Cn'te" Nt"l'S 'o''r''lh'lI MAS dohe It,
MF' ht'2hI informs Us that ION INC
"l,I on August, lH''' we I'ad S2,l5j,-
]9''oZ' OF currency. On lHc l'l "I
NoNem0cr' 1850, we IAl @o]lIoH'ol' y
Wbcrr l,d il ,n2 I, Goa. eyoIlnwnI
mn In tine bnudrI dnht of IA, I,,i,,I
oIAtsS' where IS Tue PROOF! L""k
urrr II shows an or,uoI distraction
Of uywnrd of 81. 900 600 600 of lL,,
cirrviuIion In ,Iliti,n +, TINT fire
notes Of the State banks have been
driven ont OF circulation. l~pa,inp only
SG3I lSS GIT Of r]urrrury IN ,hn Iui,,I
SIo,rs-Iu answer what To
surcad over iIlimitniIr trrriIorv. 20
distribute amonJ rorly.Gyn m.IioE
urorlr. to furnish monrv far sa'rs of
rouirul ar wroIlh omuuuiiuU unw tn
about lO,OOOO 600, OOO; to pay nation
al, State, county, city, corpJration and
Individual Indebtedness. nmonnliuD +,
$4,000. GOO 900; to nav Cor the market.
able proportion Of annual production,
Of all sorts, $4,000, 900, 600; IL Dog
tur0ion, Tinted States. State, cpuul,.
and town, SOL zoos OO: - etc, etc.
But why has the Government pur-
snrd the ruinOus policy Of EXCHANGING
l., 5. bonds hearing interest IN gold tor
/. 5 Treasury note, which bore no
interest Z And why has the currency
Uccu contracted uutiI there is but little
lnUrc than enough in circulation 10 nav
the taxes Of the pcOpIc for n wear
These problems are easily solved.
During the war the manufacturers Of
New England made "A vast Mount OF
money by "fnt' contracts with the
Government to furnish the army with
And when the war ended
all the retail merchants in the
country took an armlul oi grccnluck,
% the Eastern States TO lay in Il STOCK
If goods Thus tie lar est portion OF
llc currency in circulation louuI if,
way to New England. Her capitalist,
rae more moncF Than they needed tor
hose enterprises winch invokc ed ,lc
employment Of Labor, aud therefore
hey determined to convert their gIccu
into bonds bearing interest in
,oll, and to obtain q monopoly Of the
DnnklnG business Of the country. THIS
purpose was easily accomplished The
Radical Patty %w"rships only at the
Of Mlmmon and has no viii in
opposition to the demands OF capital
Tue very mon who had plunged the
Northern States into the most lnjqVj-
Gus war which has even djsgraccd the
InnIs OF mankind, began TO pratc of
he honor OF the Nation $1,000, goo,
100 Of [. 5. Treasury notes. which
'oio no interest, which answered all
he purposes Of currency, and every
.OIIdr Of which WAS subject to taxa