The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1878-12-28

I Honest money!" What il honest money
anyhow That catch.pcnny phrase is a very
+, beautiful and symphonious one to deIudc men
with and Is often used to deceive Grccnbacks
are the best and they are honest money. Gold
land ,,lvc? are dishonest, dcccitiul, dangerous
,rcachcrous money. They have always been
lacking when needed, alwHy, subtle encakS
land sure to crawl into some hole to keep away
| from danger. Under our old banking system
all their bills were BACKED ny gold ar silver
| but when called for were they honest or dis
honest? What Is The use of subterfugc? why
! lie when the truth will do better? Why say,
I'VE will redeem our bills in coin" when II
| is moral and physical impossibllty! Why
wish To burn and destroy the glccnbacks
Tley are the best paper money made Green
nacks and bank notes cannot Co,cXi,t They
are anlagonisic One must stand and be the
sole currency, the other destroyed. Which
shall it be? The national bank currency Is
not legal tender to pay debts Why keep
them to serve as money; Any man who is
IN enemy to the greenhack and works for its
destruction, whether consciously or not, is an
enemy to the republic and seeking its dissolu.
ton; he may work and act blindIy bat ittends
IT, that end
The gisatlou for the past twelve scar, has
been wholly in favor Of the rich. and has utter
" discouraged pr duccls, manu- acturcrS and
tradcsmcn OF aIl kinds, We need law. 10 help
Hen and to encourage enterprises lha; employ
those needing work. Reverse the order of
things for while Sell the coin in the treas
ury to pay bonds held by the banks Pay out
the hundred millions Of grccnhacks locked up
in current expense, Burn national currency;
and issue $iO00JG0JJ jul legal tender green.
backs in their stead Increase the whole vol.
ume of grecnbacks to a thousand millions of
complete legal tender. Make all paper money
bills receivable" instead of bills payable"
or promises to pay" Print on them the Ian
Euagc we mean. Stop funding all bonds. Pay
every bond rs rapidly - possible Never ere.
ate anothe bond. Never changer now interest
paper money into interest bonds Dcmonctize
gold and silver both and pay all bonds in green
backs, If their owners are further bent on their
pound of flesh at the expense of the nations
lfe Repeal the infamous resumption act i'm.
nediately, that the money now boarded in the
,anks may be unl,ckcd and seek investment |
Put II premium on industry and economy in
'cad Of on crime; rs it now is the penetcnti.
Try convict fares better aud fears less than IN
loneSt toiling producer in debt Make the |
egal rate of interest 4 per cent, and the high
1t rate allowable under any circumstances 6 /
'er cent. Provide that there can he no such
hing as an innocent holder of a note given
Or usury, and that the plea cannot be made at
ny time or under any circumstances. Make
penientiary otfense to give, take, offer or
SIX more than legal interest. Make all notes
rawing over legal interest, under any circum-
tances, whether as damages or otherwise,
bsolutely void. We need "A far more liberal
law, one that will give the debtor
title property for his wife and children to en-
", free from the possibil ties OF contiscation
Y rapacious souless creditors.
Forever prohibit land grants and subsidies
CoIpOIhllonS, IL we nave ldnu OF money 10
lrow away give it to the poor and needy.
As IA national debt is curse, provide that
roperty shall not be more sacred than lite,
nd that in war or peace when the nation
ecds either men or money she may draft one
nd contiscaIe the other to its own use, to pre-
rye the national life. We have no right to
ortgage po~tcrity for our present public or
rivatr nPre sSitpS and if this sublime tact
lou'd ne e r ed by law, u repetition of the
rctul present would never again occur.
Yours Truly, S
j. IvOR MONTGOMERY.
Sandwich, Ills, Dec, 8, 1878.