The Morristown gazette. [volume] (Morristown, Tenn.) 1867-1920, 1878-10-23
TIE DEHOCRAOY AND GREEN.
BACKS.

4
THE DEMOCRACY AND GREEN
BACKS.
Recently in an article on the SUBJ
ject we denied that the platform
adopted by the Democracy of Ter
nessee, at it's last convention, on the
greenback question was a new de-
parture. In addition to the facts we
then aduced it is well known that
the Hon. George II. Pendleton, Of
Ohio, the recognized father Of the
Greenback movement. has been cleo
ted by the Democracy Of Ohio 70
the Senate of the United States, aud
has been twice a prominent candi-
date for President before the Ma
tional Democracy. The Democracy
of Tennessee, for ten years, has
been squarely and uncompromising-
Iy committed to the Greenback
movement, as the following facts will
show: The Democracy of Tennes-
see. in convention, June 8, 1868. at
Nashville, passed the following res
olution upon the currency question.
which was introduced by Gen. John
G. Brown, Chairman Of the Commit
tee on Resolutions
We declare that the five-twenty
L I 4 L L
rency received by the Government for
their use, and that, by the withdrawal /
of the money granted to the national |
banks, we hold this result can be accom- /
plished without an undue increase in I
paper money, now the only circulating /
medium: and that by this means the I
people can somewhat be relieved of the |
burden of public debt, corrupting and .
enslaving in its character, and that in .
this there is no infraGtion of the public .
faith, nor violation of contract with the !
holders of the bonds"
On the 18th of September, 1870,
the Democracy Of Tennessee passed
the following resolution which was
INTRODUCED by the Hon. John F.
House, one of Tennessee's most dis
Democrats
''Resolved, That we are opposed to
the system of National Banks, and urge
the immediate repeal of the law crea-
ting them and that in place of the notes
of such banks, the Treasury notes of the
United States should be substituted
Gen. John G. Brown in his address
to the voters of tue State, August
26th, 1870, while seeking a nomlna-
ton for Governor said
''The $50 bonds should and must be
paid in the lawful currency of the Uni
ted States"
1t is well known fact that the
Democrats from Tennessee in Con-
gress since 1870 have use their best
endeavors to repeal the law aQthori-
zing National Banks and to issue
Treasury notes in place of said cir
culation, and Withdraw the 5-20 to
that extent.
The Democracy of Ohio in 1870.
in convention said: "Resolvod that
we are opposed to the system of Ma
tional Banks, and demand the i'm
mediate repeal Of the law creating
them and that in place of the notes
OF such banks, the Treasury notes
of the United States shall be substi-
tuted.'
Their leading men including Pen
dIeton, Allen, Ewing. Bishop and
others have battIed for these princi-
plies ever since.
When we look to Indiana we see
Hendricks and Voorhees,, the recog-
nized leaders of the Western De-
mocracy, who for long years have
urged with all their ability the
Greenback policy.
The Democracy of Tennessee. the
South and the West, now as in the
past are opposed to the National
Bank system and advocate its re-
peal and favor the payment of the
5-20 bonds in Treasury notes, to the
extent that the country needs cir
culating medium. While the Dem
ocratic leaders have gallantly fought
for these principles for years, yet,
as they were in the minority, they
have failed to reap the fruits Of their
Iabors.
But it is now a fixed fact that af
ter the 5th of March next. the Dem
ocrats will capture both houses of
Congress by large majorities, and is
it to be called upon to step aside for
an organization that is in it's infancy
in age, organization. members and
political training.
No true Democrat will desert his
party now, just as it is sure of ta-
king charge OF the Government in
short time. and restoring it to the
principles of Jefferson. Madison aad
johnson.
Ir union and harmony there is
safety and victory, but ia division
and dissensions there is defeat and
National ascendancy.