The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1875-10-21
THE OURRENCY QUESTION.

we believe greenback is an uncon-
stltutional Issue of the government.
The necessities of hard pressed govern
ment under the load of an immense debt
Is pleaded in excuse for the government
Issuing paper when forbidden by the
constitution, The power conferred up.
aA Congress by the constitution was
Oniy TO coin money and regulate the
ValnH thereof"
Aud gold and silver only is the con-
stitut5onal currency of the country In
our mind the constitutional question has
long since been settled. But we have
violated the, constitution under a sup
posed or real necessity, and greenback
was given by the government to the peo-
pie Of the United States, and they are
told it is legal tender. We found it
ahoat at the cl Sc of tie war; but IN
Ger republican rule, we are getting It'll
larther and further of from constitution
al money, and complication after COM
plication is being added to our condi tion
Where was the reason for putting the
. people off another step removed from
constitutional money by inaugurating
the wretched system of National banks.
The Preenbaok was promise to pay
. national bank currency, promise of q
premise. That is, itpromises to pay UP
on the faith ola bond of the government
which promises to pay. Nor is this al
The first promise from the headquarter
bore no interest The seeond promise i.
based upon bond which bears inter
est that the people will have to pay The
Legislation of congress which looks t
resumption of specie payments in Jan
upry 1879, eontemplates the retiremen
Of outstanding greenback, contraction
Which must be oppressive to the debtor
and laboripg classes not only to tn
amount of currency diminished, but a
the rate of Sis to 1920 for every $40
they may owe at present. We think i
an, outrage to force the resumption 0
specie payments at the expense and ruiu
OF the laboring classes Of the country
We are opposed to any further contrac
tiop Ut the present time, that our .countr,
may have time to reeuperate, aud tn
People become more prosperous tina
they now. are under the heavy burden
placed upon their shoulders by bad GO
ernment This is a very different thin
from favoring expansion. Comparin
the amount of currency with that W
had before the war, and with the amour
per oapita as compared with other couI
tries, We cannot think but that there
in the United Stgtes an abundance
currency, but the misfortune at the pre-
ent time is,its unequal distribution. Th
Essti surfeited y hist there is deart
iDtRe Vest and South
How is this to be remedied. No. |
sxpsnsion. Not by any legisl4 ton
congress can currency be localized
Observation-Disclosures of country. l. M
be tie work Of the pc ople item ;elve
They must through their indus'r Is hs'
Ia1rs to sell than they nave to bay, or
otbeV words make more money than tn
spend abroad. Our people in West TIE
nessee are spending beyond the limi
Of our State every dollar tbeF NAL
ana expect money to be abundant I
REM edy NUT he found within the i'm
Of our xlapiations and wDIkshoFs, a
through the economy OK our peoll' Eco
pmy ia the government should also
dsmanded, whereby s5O,OO0O00 mig
be easily saFed to the pockets Of the ia
payers Economy and production cor
biued constitute the remedy The Ct