The Andrew County Republican. [volume] (Savannah, Mo.) 1871-1876, 1874-09-04

will the half of it initiate us? Is not
our currency eight dollars less per
capita than England, ten dollars less
than Germany. and eighteen dollars
less than France? and. as a mat
ter of fact, does 1t not require more
money per capita 10 do the business
of this country than of either En-
gland, Germany or France? Did not
all the New York bankers and, in
fact. all the bankers Of the great cit
les OF the country, who are now al
most frantic against the Issue Of more
greenbacks practice expansion by the
issuing of clearing house checks ire
deemable? And did not Vanderbilt.
Belmont and the whole money ring
ofNew York city, aided and advised,
and their course approved, by all the
great newspapers of that city. includ-
ing the World, the Times, the Herald,
the Tribune and Harper's Weekly,
urge and demand the issue of forty
millions reserve? And after they
have been gorged with the money
that ought to he in other sections Of
the country do not the whole pack of
gold and stock gamblers cry ont fran-
tically against any more greenback
currency? If currency had been OBJ
tainable to the extent of the national
debt by deposit of bonds, could there
have been any panic caused by its
scarcity; or could gold gamblers lock
it up and produce a Black Friday or
a panic? Task who are sustaining the
national credit-the men who have
faith in the Government. and are
willing to receive its grccnback issue
and treat it as a sound paper currcn-
cy, or the men who decry that cur
rencv and desire q return to the old
wildcat policy of individual credit
and currency based OF Onc-third only
Of coin, that always failed, and was
refused by the people in Il panic?
We have contracted thirteen hum
drcd millions since September, 1865.
Has not contraction failed. absolutely
failed, to maintain the prosperity of
the country? And has not this ruin
Gus policy Frustrated all branches of
industries that to-day the whole ma
ton lays PROSTATE and powerlcss at
the feet of the money kings of Wall
street?
Is it not true that contraction
failed to reduce the price of gold from
April. 1866, to 1868. when il was fair
" tried? Did it not utterly crploae
the theory by the raising Of gold
fourteen cents. while all the time
tightening the money market Is il
not true that apanic can he produced
at any time by any six men in Wall
street. who would demand TO he left
alone to manipulate the currency.
expanding when it suited them and
forcing contraction when in harmony
with their interests, locking up the
currency TO speculate in jobbing un-
der an absurd fixed volume of cur
rcncv? If raising the value of gold
three cents Oh the United States val
%uation. thIrty-fivc billions, is n thou
sand millions. docs not their ability
to initiate a thousand millions by the
use of one at any time demonstrate
the absurditv also of a rigid volume
of currency and of contraction which
! they practice &c accomplish jobbing.
while imitation promotes cash pay
mcnts and low rates of interest for
all tie people, and prosperity only
gives payment? Is there any road
to wealth except by labor being en-
plOved, and does not n currency of
double ours employ labor in France.
and did it not here until contraction
stopped onc-third of III mills, fac
tories. farms and mines? Can we
afford to starve a million waiting
toilers in this land, or increase II
coin interest bLrdens, to crafty
foreign and untaxed bondholders?
Will not a continuance of the dearth
of currency. in its crippling Of our
mills, our farms, mines, and in
fact all the great industries of our
country turn over all the great wealth
producing agencies to spectators
and foreign bondholdcrs to tax the
people unlimitcdly?
Then is ii not time for an ample,
sound, convertible, sclf-regulating,
elastic currency, and for liberty i'll
finance as well as confidence in the
wealth of the country and its credit?
Whv should the bankers and railroad
kings who failed to pay their W
checks, and expanded by resolution
without limit, with nothing upon
which to base this expansion, now in
sist on choking down the business of
the nation to the insufficient, rigid
volume that failed them during the
dark days Of September last? Wall
street locks up money, makes currcn-
cy scarce, to raise the price of gold:
Will men of sense and of justice aid
them to plumber the honest, produ-
cling labor of the country? The men
who favor expansion of the currency
volume are the only men who have
proposed a method of returning i'm
mcdiately to al unalterable standard
of value, by receiving the Govern
ment duties in legal tender notes in
stead of rcpudiating by the selling Of