The Pulaski citizen. [volume] (Pulaski, Tenn.) 1866-current, 1876-06-22
The People vs.. the Money of
Che East.


from the CO umbia Herald and NALL i
In complialce with my promise, |
I enclose a coltribution which you |
may publish, il you think it deserv-
ing a place in your columns. The |
year 1876 is t. be the scene of |
great political onfict in the United |
States. A battle often fought in
Republics. A battle between the |
people proclaining upon their ban
ners, economy, reform, and protec-
ton of properly and person on the
one hand, and maladminlstration,
corruption. moley power. and bond
ed interest on the other. And the
greatest of these is the money pow
sr. That which controls and has
controlled our government for the
last ten years; that which corrupts
high officials; thae which secures
official appointment. and that which
Expresses and impoverishes the
people, and makes their misfortunes
the gain of political Shylocks. 1T
is to be regretted that the Demo
cratic members OF Congress are in
interseconflict upon the future fl
nancial policy of the party. While
it is eminently proper that the peo-
ple's representatives should consult
together, on questions of moment,
it is to be hoped that they will not
attempt to compromise the peoples
rights, by yielding to a compromise,
a mere snare in the interest of the
money power of the east. What
does the bondholder Of New York
care for party? Money power has
no party, no principle, no creed,
save its own increase and authority.
The bondholder viii feign obedi-
ence to that party which yields him
the greatest facility in investigating
his means and clipping his coupons.
Can any man in Tennessee go be-
fore his people and ask them to
support a party manipulated and
controlled by compromise, and in
allegiance with such influences?
This is the power which brought
our government into her trouble.
They are our enemies, and in the
coming campaign, we should place
them on the side of our foes, or the
people will not support our cause.
1t is true that the main fight should
be in exposing to the gaze of the
people the malfeasance and sicken-
ing corruption of the Republican
party, and their total disregard and
unholy abuse of the sacred trust re
posed in them; nevertheless, the
people will demand, and the voice
Of the nation will cry out for well
defined, wise and economical finan-
cial policy. and they will not, and
should not, support any party which
refuses to speak upon this question
While I do not assume to be an in
hationist in the popular sense of the
term, 1 most heartily oppose any
scheme looking to contraction, and
favor a sufficient volume of green
back currency to place a just price
upon the products of the soil, re
ward labor, and meet the full de
mands of trade. There is a two
fold purpose in the next canvass
First, to expose the corruptionist!
in power; and second, to stop al
conspiracy between capitalists an'
the officials of the nation to siez
upon the functions of the govern
ment, to subserve individual ends
As the currency is contracted, so
the power of bondholders increased
and the burdens of the commo
people become more oppressive. Il
+ the years 1865, 1866, 1867, and 1865
| lands were high, labor received it
Reward, the products of the so
brought fair prices, and the dc
F! mands of trade were supplied b
/ the volume of the currency. Ho
S is it to-day? Let the farmer, tn
mechan ic, the merchant, the toilin
d masses speak. Now, let us 81
5 what has been accomplished, an
$ what are the legitimate fruits of tt
contraction policy inaugurated
l. 1866, by Mr.. McOulloch, then Sc
IS retary of the Treasury, and now
u banker and bondholder in Londo
~ and steadily kept up since by Il
g Republican party.
er Treasurer Spinner, in his repc
81 for the fiscal year, ending June
y 1875, shows that the outstandi
We currency on the Both day of Jun
ld 1875, was as follows;
U. S. Treasury notes $69s, ,91s, 500
0n National Bank notes .... III 100000
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