The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1878-09-12
LETTER FROM SALISBURY.
SAULsBURY, Tenn,

Sept 9th, 1878.
Mr.. EEIToR: Below you will find some
Greenback notes, which | intended using as
part of a speech if that National Green
back Convention had been held last Satur-
day in Bolivar. / hand the manuscript to
you, and request Its publication in your
popular journal. Yours,
DR.. HENRY BIGGs.
/ We desire that Treasury notes or Green
/ back shall be issued by the Government to
pay all debts, public and private; and that
the volume of currency shall be so swelled
as to be equal to all the demands of pros
porous trade and commerce.
We want, and demand full legal tender
paper currency, and we desire no redemp-
tion for the same. Let its validity be based
alone upon the authority and power of the
nation.
And that all this be made permanent ;
we demand that the Constitution of the
United States be so amended, that the
amount of paper circulation shall never fall
below $40 per capita.
We hold that all of the public debt, prin-
cipal and interest, shall be paid in legal
tender notes, which shall bear no interest.
We know that money is simply a meas
ure of values, and in the same ratio as a
nation contracts the volume of its currency,
it reduces the value of property and lessons
the price of labor and therefore that times
will be hard prosperous in proportion tc
the amount of money in circulation.
The years of 1S64-5 and 6, are conceded
by men of experience and observation, Il
have been exceedingly prosperous, and there
was, at that time, over one billion and ;
half dollors in circulation, and in conse
quence of its withdrawal, we have a nation
of bankrupts, with half million tramp
and paupers; and labor no where in thi
country brings more than a meagre living
and the poor have no means left by whicl
= they may educate their children.
We know that as surely as cause produce
effect, the prosperity of the country will re
turn as soon aswe can get theproper amoun
. of money into circulation.
: And we also hold that the Great Coop
erative National Greenback Labor part
. are in favor of the only policy by which tn
prosperity of the people can be restored.
We demand the repeal of the resumptio
act, because enforcement will keep none
scarce.
We demand the repeal of the Nations
4; Banking act, because the banker gets il
4 terest on bonds and currency both. (Tl
N borrower paying 16I per cent interest p
an annum.)
70 We are opposed to all class Legislatio
ds such as giving Railroads, banks and bon
ID holders special privileges and exempti
.s from taxes, at the expense OF the labori
st, man.
bo We want no monopolies.
a's No subsidies,
at We are in favor of giving all the unel
mt ployed men work by improving the navig
ne tion of the Mississippi River and its trit
all tariez, and building the Southern Paci
Railroad.
Public lands in suitable quantities to
tuaI settlers.
all We are in favor of the proper adjustm'
ed of the tariff.
le- Our policy on the State debt should
ic, clear and explicit. We should not adop
Sc policy capable of any number of constr
cts tions for the sake of catching votes.
Use are in favor of compromising our State d
les. at % cents on the dollar, with an annual
BE. terest of not more than 4 per cent, said
led tereSt not to be provided for until the
ole turning prosperity of the people of The st
ars shall justify it. So long as our people
NJ. so Strengthened as they now are, only
much tax ought to be raised as is necess
to run the State Government, economical
administered.
for Our people are not able to pay anyth
,g o on the State debt, as you viii see by rel
bad ence to Governor Porter's report, which 5
full that our gross income from every sourc
COS only Is dollars per capita, and you all kr
- that this amount Is too small to draw he;
cine tBxes from.
pro- And besides, the statutes under whic
Tior part Of the bonds were sold provided /
" they should not be sold for less than
.ble, cents. on the dollar, or ten per cent.
rice count, and it Is a fact that they were
for less than the law required, which
dies thorized their sale, and we hold that
edi- fact invalidatcs the bonds.
the The consideration for which part of
ills, bonds were given has failed, in-as-muc
rial the Railroads for which they were give
lack aid, have rot been completed.
h to hold that the Legislature has no m
-our right to impose debt upon the peop
e by the State without their consent and ii