The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1877-05-10
What Resumption viii Do.

The Resumption Act has for It's OBJ
iect the abolishment of all the green
backs now in circulation aud the sur
render of the right of issue to the
National Banks. The Interior object
is to have the greenbacks, which cost
the people nothing, destroyed, TO make
room for National Bank Notes, which
cost the people from ten to fifteen per
cent. The money power of the United
States, backed by foreign money-deal-
ers, is determined to have control OF
the money of this country. The priv
ilege OF furnishing paper money, or
to have control of the paper circula.
ton OF the country. is worth to the
stockholders OF the National Banks al
least S1OO,OOO,000 annually. Add to
this privilege the power To control the
volume of nOney-tO make 1t plenty
or scarce-and it is so INDUSTRIOUS III
its character that we wonder how the
real owners OF property can tolerate
such monopoly for day! The prices
of all kinds of property, real and per-
sonai, are thus placed i'll the hands OF
a few thousand persons located in the
cities and towns. We ask any honest
man if the Government is doing right
to grant s,rch powers TO any portion
vi tuC pCODlCs Va % tAoESh fhNh
meeting and calling themselves bank,
and straightway commencing To loan
out their debts and getting interest on
them, w bile all other classes Oiicitizens
must pay interest on theirs! I:einem-
ber that Il bahk-note is nothing but
banks debt, the same as an indiyiuu-
ais note is debt OF the individual.
The people, without distinction OF
tho
and settle it, whether the Government
OF the United States shall exercise its
prerogaIive of issuing all the money,
gold, silver and paper, or shall turn
this power TO the Bank rag Earons oi
this country and the English arist,c
racy. There is no use in trying TO dis
guise the fact that in twenty months
from this time the bank, bondholuiny
Money Power hope, by virtue OF the
Resumption Act, TO have complete and
entire control OF the finances of the
nation; and with such power in their
hands they can with iinpunity DEFY
not only the people, but the Govern
ment itself. This moneyed interest,
that acts together in compact mas,
has over two thousand committee
rooms (Uank parlorsJ throughout the
III
with each other, and i'll an hour can
carry into execution an order to ca
pand or contract the currency, or TO
suspend or resume specie Payments,
according to their will. The Money
Power always attaches itself to one or
the other political parties of country.
In this country they have fastened
themselves upon tho Republican par
l., E..ul,n,l barn al
both parties into their service, and, no
matter which party is victorious, Mey
are safe. This is the game they are
playing in this country. If they can
succeed in bullying, bribing or soaring
the Democrats of the West and South
into adopting their policy OF driving
out the greenbacks and substituting
no notes or bank notes, we may bid
good-by to government of the peo-
pie, and make ready TO be ruled and
governed by hcartless money Oil
garchy. Will the Democracy oiOhio,
who have so gallantly defied the Mou-
ey Power in the past, held aloft the
banner of the people during the dark
est hours and trials in our history, be
driven from their faith by few hum
dred tools of the money sharks? We
have but one life to live let us have
Justice and fair chance 10 provide
for ourselves and families while we do
live. We want no special privileges
where one set of men may loan their
debts and get interest on the same.
while another set, which is the great
mass of the community, pay interest
on theirs. We say this in the name OF
Justice, humanity and the rights of the
whole people, both Republicans and
Democrats. Let our motto be: The
Nation shall issue all money, be it
gold, silver or paper, for the right of
issue properly inheres in the Govern
ment alone Enquirer.