Knoxville Whig and chronicle. [volume] (Knoxville, Tenn.) 1875-1882, 1875-09-29
NASBY'S INITIATION EXPERT.
ENCES.
Further IuhRtion-FOur New Hanks
And, Finally. Every Man Tits Own
Banker.
From the Toledo Blade.l

From the Toledo Bladel
CoNFEDRIT Y ROADS,
WGCu II IN THE STATE wv KENTUCKY,
Sept. II, 1875.
The man witch undertakes to benefit his
fellows loads up a very heavy contrack.
Half the citizens NV the Corners are a-goin
back in the most ongrateful manner onto
the Unlimited Confidence and Trust Com
psny. They are a getin $40 bushel for
wheat, and about thes same for oats and corn,
and men now talk NV thousands witch never
before knowd how to pronounce the word,
but yet they amt happy. They have a
hankerin after redempshun of some sort
they demand to know when this money NV
ourn is agoin to be redeemed in suthin else
some other kind NV money-ez tho our
money, backed by faith, want ez good ez
any in the world Ell these malcontents
wood only take it and look pleasant, there
woodent be any trouble about it.
But these men are not the worst we hev
TO contend WITH The citizens which are
the stanchest supporters NV the new money
| hev determined that. if we hev the right TO
! ishoO money, they have the same rite And
so four moo banks hev bin started this
week.
Mackey and Burns started one, with
| Mackey eZ President, and Burns ez cash
| Ter with them, and niger carpenter eZ
the Board of Direkters. They hev got the
drop on us by requirin the officers to give
| bonds which they accomplished by heyin
Mackey to sign Burnss, Burns sign
| Mackey's and both sign the niger car
| penter's. Then they hey another advant.
! age over US, for they bought their own
pres: and print their own notes, wich, ez
| we hev to pay Simpson, the printer, a
profit enables EN- to make money cheeper
than we kin. They call their institoOshun
| The Nashnel Benefit Asses hashen.n and
| hev the bankin offs in Mackey's bedroom
in the Pogram House.
Scasely wuz this bank histin out money
atore Squire Pcttus and Gedhey. the shoe
maker, started another, wich they called
The Biessn Diffusion Bank NV North
Ameriky," with their offs in Gedney shoe
shop, and they got ahead NV US by printin
notes in two cUlUrs which, | must say,
gives EN- u solvent look.
BY theis time wheat,hed got up to $50 per
bushel, and wuz scase at that.
Then PHrkins and Barney,lt the plasterers,
who he'd made "A great deal NV money since.
! inhashen set in, they he'd TO start bank,
witch they called "The Ekitable and In
| sashable Bankin Company of the Yoonited
States" and they ishood their bills by the
| bushel.
Wheat went up immejitly 70 S3S per
| bushel, and moo era Nv prosperity sot i'll
Before these Transfers he'd got fairly
under way, Butts and Busterd conclooded
they'd 60 into bankin, and behold one
mornin the bills NV the Labor Stimyoo-
latin Company-L Butts, President
made their appearance. They didn't hev
any offs, for Butts sed ne didn't see no
yoose NV an offs. He Good pay out money
on the street all he wanted to eff the people
wood take it, and ez it nevr wuznt II goin
to be redeemed, wat did he want NV an
offs ? He want goin to any SIGH expense,
| Nv ha hpla in ,fgtT
To 90 to yooselis expenditures
wuz to show a culpable disregard NV the
| interests NV the people. Wheat went up
to S45 per bushel, and there was more pros
perity.
Then the trouble set in in chunks. The
people who wuz not interested in bankin
refoosed, pint blank, to take any NV their
ishoos Banks wuz gettin rather too fire.
kent, and the times wuz q gettin rather too
prosperous. A reackshen okkurcd agiR
| our money wiCh we who wuz interested de-
tcrmined to crush TO wuntz.
The otiishls Nv the five banks in the
town met and decided to hold meetin NV
the citizens, at wich steps shood be taken TO
legalize our ishoos.
The meetinlwuz held, and NV course we
kerried it without any trouble for seven
tenths NV EN- he'd our money in their pock-
cts, and they wuz very favorable to any
ackshen that wood keep it bilin. To that
end we past the follerin resolooshens:
Wareas The Democrisy NV Ohio and
Pennsylvany, with n singerly just appre-
shiashen NV the wants NV the citizens NV
the Gross Roads, hev demanded more mon
ey, and
Wareas, Five compinies hev kerried
out the idee NV the Democrisy NV Ohio and
Pennsylvapy by furnishin thepeople more
B money, and
Wareas, Notwithstandin the onparalleled
prosperity that hez RENTED from the in
crease in currency, certin men in athe
commoonity, by refoozing to take it, de-
cline TO be benefited; therefore, be it
ResoLrcd, That this meetin Nv citizens
demand Nv the Town Council that it twunst
convene and pass an ordinance maxim the
ishoos NV the five banks legal tender for
everything from drinks down to taxes, and
that any citizen who refooses to take it, or
murmurs at 1t, or in any way discredits it,
shell be held ez public enemy and be i'm
mejitly hung.
The whereases and the resolooshen was
passed to wunst, and l felt easier. With
the power to hang all witch refDoze to take
our money rather think / kin make ii
, current. y rope over a limb Nv a tree is q
persuader of rare merit and it is the best
endorsement NV our paper that we kin pos
sibly hev.
SO far so good But list ez | wuz feelin
good over my success, that onmitigated
cuss, Jchial Perkins the man wat give his
= note to Bascom for bari NV whisky with
sich distinguished success, rose and sed he
he'd series of whererases and a rezoooshen
TO pass. He went on to say that he he'd
given this question of finance great deal
Nv study. He endorsed fully the position
Nv the Dmocrisy Nv Ohio and Pennsyl-
vany. He believed in moro money-mon.
ey enuff for everybody. He pinted with
pride to the development NV the Corners
. since the creash IN NV more money, and he
! bleeved that still more money would make
still more prosperity. The idee wuz correct
The government shood ishoo promises tC
pay, and faith shood make EN- good without
any such nonsense ez redeemin; and if the
government shood do IT why,shoodnt banks
If banks, why not indiviijles? That's wet
he wanted to know. IF ther waz any sict
{ thing ez redeemin Nv it in gold or any.
! thing else the people mite hev the rite tC
| ask if them ez shood the money he'd GOLD
, or anything else TO redeem EN- with, but e.
, Their amt no redeemin perposed why that
, question don't come in. The people hev tC
, hev faith, and that's all the hevin ther is il
: the transackshen, He wuZ a bleever in
more money, and he perposed to hev more
/ H.. = 4 1 a. IL Il