The Somerset herald. [volume] (Somerset, Pa.) 1870-1936, 1878-10-23
Another letter from Mr.. Kaufman
70 tAe ElIler Of he Joha.lqrn rr.1s.e.

To the Editor Of the Joha.tcun Tr.tHae.
SIR: | have been at diiferenttinc.
asked to support this so-called Green
back party. will new say, ard ]
am sorry TO say it, that a great mary
good, honest men are led astray by
these Greenback leaders The,
make them believe t5ey are he ia
boring neu's friends, hile they are
doing them mere BARN at this pres
eut ulme than ever they al do them
good, because with their threatening
language to control the capitalists
and business men, they keep hua-
dreds Of them from going into any
business, and that Will certainly
keep the laboring men frcm getting
work. These greerbackers tell you
they will get plenty Of GreenbAek
paper money, AID make it u legal
tender. | .ill now tell -ygu they
cannot do that, because The Govern
ment has now fully as much payer
money cut as it Is able 10 kee,, ~
par. All history will tell Us tsat
10 nation ike our5, y hich is ttsdi1g
With the whole world, eau ptosper
with paper money, unless it Is r.
deemable III gold at any time. Now,
then, paper money we must lave.
We should have al least d0uble lle
amount Of paper money To The
amount OF guild and silver, and then
so managed as to keep it at par WITH
gold. This the Government can d.
with The assistance Of the National
Banks, and without them the Gov
eminent cannot do it. This Nation.
al paper money is the best, and best.
secured paper money that the United
States ever had. Now, how is this
money securedy This | will answer :
The Government was compelled TO
borrow money to carry on the great
war we had on hands; the brave
soldiers could not ught without get
ting something TO eat and drink;
they must have sCme clothing, 100,
and money TO send home TO their
families. Now, who l0aued the Gov
ernment the money TO do all this
| tell you 1t was the good and true
Republicans, who wanted to see the
Rebels whipped, with The assistance
of some good and true War Demo
Gratis. The time came whea this Dor.
rowed money was about all used up,
and the var was still going on. Then
tie Government made an fer to The
bond holders, who loaned them the
money, ssyiay: YOn are nov 10 q
good condition TO start "a bank. No
doabt you arc out Of debt, when you
have this money on interest. Hand
over to Us your b)ads, aad we will
give YOU S9Q0 blaak paper money fer
every 81 coo 10 bonds you deliver to
Is; and when you pa. this money ia
circulation, then this will bind your
properly 81 home to the amount of
81, 600 for each 5000 Of your paper
money ; SO then the Ian that has 50
Of your paper money has 800 secar.
ity for his 50. This will then make
it the best secured paper money in
the whole world.
Now, these Greenbackers want to
destroy this good money. They cry
out that there is not enough paper
money in circulation, and at the
same time they would destroy the
very best money we ever had. These
I GreeEbackers say the Government
gives this National currency 10 the
banks for nothing. | tell you these
banks are bound to redeem this mon-
ey st their banks by pay lag - the
holders good legal-teader greenbsck s,
or, after January /, 1879, they will
have to pay GOLD and silver for them;
and before they cap get rid of that
Ihey will have to 4ind up their bus
mess, and deliver back to the Gov
eminent this money and get nothing
for it, just as hey got it. The Gov
ernment loses nothing by these bank,
and nobody else, aud all the advant-
age the banks have in il is the inter-
est they can make opt ct it while
they have it In circulation. Well,
before these National Banks were
established, The other banks had a
right TO give cut 80 Of paper money
for every 81 gold or silver they had,
and their property a not bound
for the redemption Of this paper mon
ey. So when they could not make
money fast enough by having So
paper out OF 81 Of money they lad,
then they broke up, and the note
holders had to lose it. They could
not ftll back on Government bonds
or on the bankers property as they
can with the Nstio lai Banks. Again,
If these Greenbackers want to destroy
these National Banks, will they loan
tho money to the Government to pay
the bonds that the Government or e.
to the banks, or can they do itl |
say not. Therefore, | come TO the
NSA|4GS4Dbi Dh dDl .tttA wi -.
1878, TO call them the GreenhorD
party, hich think is the most suit
able name for them.
These National hankers sre and
must be the bondhoiders that gives
their paper money a backbone.
These Gieenbackers have no Gov
erpment bonds, and are not able to
buy them. They went 30 gige Us
g%reenbacks without backbone; SO
yen may look behind aud before
them, aud Won can again see nothing
but the yreenborn Smoke that in
your green greeG PIPE lill | see yoa
agsia.
ISAAC KAUFMAN
HiREEZ WAR REGARD