Wilmington daily commercial., 1875-09-28
AN OPPONENT OF BANKS AND BANK MON
CApgyllLr, NORTHAMPTON Co., Va.
Ean.emhar o4 1875

LAPEyILLt NORTHAMPTON Co., VA.
September "A, 1876.
10 The Editor of tie Commercial:
Enclosed are two ''rag currency promises to
pay that you are doing your beet 70 discredlt.
They are the same money" that the patriotic
bond holders bought gold-besring bonds with, and
the same kind Of money that made Nation out
of "a conglomerstion Of dscordsbt States, and they
are kind Of money that will enable the tiller=
Of the soil to get fair price for their products
and stop the city gamblers, q. =. middle men and
speculatorz, from making corners or lock-ups
of currency, when It suits some gambling zo-
called bank president to depres= our labor.
When or how that internal innovation crept
INTO the body polite OF allowing Smith.
Brown, and Robinson, under pretense
Of a bank charter, to make and issue the cur
Iency OF the country csunot learn bat l intend
TO do my best 70 help eradicate the dsmnable
heresy l am not an iniatloni5t or contraction
ist, but want TO see the total destruction Of all
kinds and sorts Of so-called bank notes, and
substitute for them either demand notes or legal
tender.
Banks, banking, and bank notes are polite
terms for sgindiing, stealing and robbiug. The
bank interests OF. large cities may buy few
leading politicians and presses, as Jay Gould
has the New York Trit,tlp, but the rural popu-
Istion south of New York will rally next year for
Z currency issued by the people for the people,
and II you aud men like you succeed in saddling
the Republican party with tile bank Interest,
YOU will see 1t most Internally beaten
Iou cannot carry State south
Of New York, any such a platform, and
the sooner You let the bank gamblers alone the
better It will bo for you Look at your town,
county, and State; their political fate is what
you may expect all over the country, south OF
lankeedoin. You're,
1. TowsaESD.
We print our correspondent letter as curl
ous specimen Of that sor OF express
zion which man uses when he doesn't I'm
derstand what lie is talking about He charges
iirst that VIC are doing our bet to dscredit
areenbarks. On the contrary, We want to make
them what they were intended to to be-good az
gold. They never have been 90, aa yet, Hince
they we're fret isEuel. He sneers at the bthd-
holders,yet he wa glad to beg'th TO lend their
money TO the government, TO save the Union, and
lie then gave them no hint that the moment the
danger wa- over, he woull denounce and decry
them. He talks Of having 4 currency that will
stop ''city gamblers" from making corners and
lock-up- Of money. Certainly he does not Gx.
pee; to do that by issuing greerbacls for such
-oek-lps have fourished only since greenbaeA-
Lave circulated
Finally, as to tbs bank. oar cores spondcnt
IN doubt a. 70 their origin. He should read
rp. He will find tina. they have been established
n all civilized countries, for centuries aud that
they are regarded in all business communities
az essential to the prospert! Of all clas=es. In
this country, the State bsnks, before they were
absorbed into the national system epioyed al
most unlimited privileges Of issuing note-. AID
tie nationa! laws lave not only regulated and
-sstematzed their currency circulation. and
made it safe, bat they have greatly zhoru away
the profits Of the banks in regard to their note.
.. issue.
The Wholesale deuuuclstion with which our
correspondent relieves his mind resembles that
Of Sam Cary, IN Ohio, and OF other demagogues
elsewhere. They presume, we think, entirely
TOO much Oh the supposed ignorance aLd folly
q the people.