The home journal. (Winchester, Tenn.) 1858-188?, 1876-06-01
Card from Col. Williams,
TO the People Of Marshall, Lincoln,
Moore and Franklin Counties!

not be nmiss for me TO give in this publ,
manner my views on some oi the more I'M
portant subjects that viii certainly com
llp tor Legislative action. Chivt anon
these is the question of finance,
\ great financial depression has beer
for A few wears gathering over the coln
try. Quietly, yet certainly II has con
| tractcd its coil, until 1t has made it>el
felt by every branch OF industry, The Ia
bOrer has been thrown out OF his daill
work the merchant and manufacturer
if not driven into bankruptcy, is trrm.
bling on IT. verge; \ general stlgnatioi
! of business Is everywhere apparent, and I
mighty incubus of debt aud taxes weighs
Us down; and, on account OF the scarcity
of money, the price OF property Is below
the actual cost OF production. The cause
OF this II apparent to the attentive OBJ
server. When the late war closed thcr,
was an actual circulating medium in I'll,
United States OF nearly two thousand mil
lions of dollars; this was to accommodate
not quite forty millions OF people, whicl
gave about litty dollars per head COR cacl
inhaOitant. Money was plentiful, and Il,
Il consequence the products Vt labor u az
kinds commanded rcmunerative prices,
and general prosperity everywhere pre-
,"'t''' "'" ''i'I t'o " n''i t'' Io""''! ~
J''v uVtu ueN','"'rH w, tnu '''''o''
SeTTIee ~ " ouI lt9Is ctfll ""I'
=, pou " w" man ~ ."t Su.''".'"Ss
tHe 'o"'lo'H o''tcs n"u p"t ''t,I' "'".L"-
Wv "none8 w. E,'e",Tt'oi' " nn"Ne Nv
$500 - pto"".u '""I lew ,nO"PCN NV,
''n"oe' W 'nI val "nu " '"''iN"'' '"'
80 " ",''u " ''s".t va, law 70 wv
~" '"T '''e "I''''H I"'"IIH On'"' ""s'"I>>
on tln EnultpN Inl. Mp- InlIttl freely.
y ! Il" 'o""l'H l"lS wa 'o"'I'" tI'.'t'
uV'"u>t 'H"ncl was p't'''A an" l''''' NY
county "H'"' was 'it uc"' "'llt''u ''tI
~" oPP''NseN Us ~ We NV az ''H"''
o' o'i lF"tlhE or speculative adventures
IIl"' p'"u-hI II H"oUl' oUi Llc mI'I'u'o u'7,
Nl't VI gu. PtroP't T." Jun" up ""t N">''V
country TO It's prlSIIhe prosperity ana
tHriIt al" 10 ply lhe N'H,uH'lI"Ipu uru''
ana taxes That Il!ry owed. y" one SUS-
ltcl'u llaI thc 'husII lllhes "oWIu come
10 siIch 'l abrupt tcrlhllatloll' ana no uI-
'",''.S' VIZ W. ,. NJ,
b"''hS T'o ""' VIC 'i'icu H'"'ts 'lr">-
ury notes lIad Orth llIctUatlng III NalNc'
ana lIIich oI l''c tIIiieal IcNr tU"h NV per
cent ~ulS'oUit; ana at lhls fate capitalists
NolS"l largely OF the government nuiIu'
tIlaI were tHeli on tIlc llaTh't' anu tiIu>
was our tcucFaI bonded dtbt maze soon
aiter tiic war inc holders OF lheSc ooIH'
combined 10 make thell Il more N"I'aoie
Investment n.y. having them made payable
IN god instead OF the deprecated c'rren-
cy they had paid for them. inns Il SuhSl-
'iiled Congress Willingly ma After inns
success the same combination set about
still iurtlrrto enhance the value OF their
bond which was now simply an interest
bearing gold certificate ANA to DO this It
was necessary to discriminate in favor OF
the bondIloldcr' and to increase the pUr-
chasing power OF gold. Under the Npe-
cious prcteNt OF resumption OF specie pay
meht, the secretary OF the treasury MN
self Il large and Interested dealer IN GOV
eminent securities introduced 'hc polIci