The Weekly Kansas chief. [volume] (Troy, Kan.) 1872-1918, 1876-04-27
THE CURRENCY QUESTION.

DEAR CHKF:-when somewhat younger and with less
to weary my brain won't and than 70 bore you
with eusons from my pen but nsught feeling of
deep and abiding interest In the well being of old Doni
phan, ere spent many pleasant years. could
induce me to espass upon your patience and that Of
your readers. might add, that . feeling over me
that those who have studied with
ic questions Of the day. have right to b quiescent
while much Of aacy s uttered and folly taught upon
nearly all financial questions No doubts
whether he be upholder Of hard sot money thst
one Of the most imp practical questions of the hour
coming home to every mans pocket day by day is the
mysterious and difficult financial problem and of which
it most truly be said that without knowledge
may dsrken counsel"
i presume that every intelligent observer Of passing
events has watched the growth and development of the
socaled Grange with interest see its effect
upon the agricultural portion Of population and pos
sibly with soieude. lest designing and unscrupuous
men should gain control of its in the effort to
array one class of people aganst another-by truly
demagogcal appeal the prjuces and the
farm ing community. must confess that have been
while not always ready to approve the resolves of the
Grange, well pleased with its influence good and en-
hghtenment.
am, therefore, not a little disappointed when read
the Nhereases and resolution of the DOnphan County
Grange published your issue of this week. just re-
- W." Ps''AAS WIN AAAe W a'~ "i nionus
Of the Grange to moment and consider the
racy of some of their statements and briefly attend
few suggestions in reply to Of their conclusions
set forth in said whereases and resolution.
% nis' SAS' 'nAt am hot DOW anu never nave been,
In any National Bank nor an officer of one
one nnereas nnds aut with the Government for fOs-
Fr'ns tne National bank monopoly In what it mo-
noPoy have our friends OF the Grange forgotten that
some two years ago in sbedisnce to the popular
will removed the monopoly provision of the Nation n
BANK aett mat now any one may stat such bank who
he bonds or the money to purchase the
sof Surey eur iss"ing nhehds Oh al classes do not
ieSre 70 and Wildcats such as cursed
me " est after the panic Of 1887.
10 the resolve asking Tor forthwith repeal of the
AW creating the National Banks and the withdrawal of
their issues from circulation and substitution Of green
oacks Wonid ask little further attentisn-regrettng
mat your columns cannot spare the room for anything
Ike fuii discussion Of the question
would offer these objections to the repeal Of the
ers OF the National Banks and any hasty retirement Of
heir circulation
lst Assuming as above that wants State Banks
o replace the National Banks object to . currency
5hOy greenback for the tn at then the financial
interests of the entire people the mercy Of political
arties; and at least each four years % now We
houd have both parties usins the financial Question a.
DOT ball rather . shuttlscock Of party strategy II
ur Grange friends will read the hIst0ry Of the bank
ouOes uuring IN adminisfrnton Of Jackson they will
be that the VIII hg party charged with producing or
ttsmptng to produce commercial relapse by means Of
be banks calling in its discounts In order affect the
opulsr vote especially commercial crcles and secure
rschartsr With the increasing rumors of dishonesty
high ocial positions and the dishonesty dis
'vered IL vss TO increase the responsibility of Wash
gton bureau officials by giving to them the sole power
emitting aotesi
3D. Has the Grange considered the disaster
hich must result from speedy vithdr awing Of the Ma
onal Bank notesi The natural and it seems inevitable
'tion of the banks many Of them, must be to
all in their loans and produce contraction of
retits thus raising the rate Of interest and causing
II prices-frsm which could suffer more than
10 farmers Immense quantities Of Government bonds
ould be thrown upea the Market In sbsrt space Of
ne. not only deprecatnS their value and thus unset
ng our foreign exchanges but alse raising the price Of
Id and large number Of bonds sold must inevitably
Use gold and render Its value for considerable time
ry nuctuating and the farmers Losses oorrespondngly
eat aside from tn fact that the impaired confidence
q good faith and wisdom of our overnmsnt would
Use not only greenbacks but honda to diminish in val
, and at first very greatly.