Weekly Chillicothe crisis. (Chillicothe, Livingston Co., Mo.) 1878-19??, 1878-10-10
PAPER MONEY.


| Dten III harmony WIN tllc assumption
that they constitute debt; consequently,
it has, with little or no references to the
disastrous consequences involved, left no
means untrled to pay off, in the shortest
possible time, this so-called debt. The
means employed have been the boarding
Of gold and the destruction of grcenbacks
received in payment of dues to the Gov
ernment; plans equally effective for cx-
terminating our currency and for annihi-
latlng our prosperity.
The only sources open to Government
for obtaining gold have been purchases
of the metal from gold peddlcrs and du-
ties from imports. As compared with
the receipts from customs the purchases
have been small; they have served, how
ever, to indicate the tendency of our Gov
enment to sacrifice the best interests of
the nation, rather than displcase foreign
capitalists by not indorsing their pet idea
that the good Of this country calls for
specie payments. The mere fact that
these foreign gathcrers of tribute from
| the tOiling masses advocated so strongly,
nay, vehemcntly, their own iavOrite nos
trum, should have suiiiccd toplace II patri-
OllA' ull WDWfNi WV bll llN PNulN,
and prevented the consummation of a
scheme which has brought 40000,0OO of
| Americans, 40,000,0OO Of frcemcn, humble
supplicants to the feet of few foreign
bankers and money-changcrs.
While this gold purchasing was in pro-
gress these philantmopic (?) foreigners
obtained, through their agents here, cx-
elusive information from Washington.
which enabled them to take the utmost
advantage of the necessities of people
whose welfare, to believe their hypocriti
cal language, concerned them so deeply.
Then it was the world witnessed what,
but for its sad, serious import, would have
been ludicrous, the spectacle Of our Gov
eminent buying gold from these Shyocks
upon their own recommendation, ut a
future day to sell it to them, in the name
of specie payments, at par.
Nothing, however, sets forth more glar-
ingly the imbeciity, to give it no harsher
name, of Government in the management
of our financial affairs than its saddling
US with illimitablc gold obligations, and
then determining that these obligations
shall be met by receipts ofgold from duties
nation and imnoverishmcnt Of the Nronic NJ M
notbin0 more inoenious couId have bren
devised When fbr Coyrrnmcnt entered
upon thc coursn here indicntcd. If was
with full knowledge that European capi-
talists were practically the sole cuStOdians
and arbitcrs Of all the gold in the world
available for commercial and financial
purposes; and therefore, it was not blind
urcs il was rcworI;ng The Iihcrntors If
negro slaves with srrviiuJc to a Enroncon
m6ncvcd oligaM.bv which release! ito
victims os sniIers 10 Ains oniy octor ov.
troct;ng olI tbc;, Vial srL,ta,cn Gov.
srnment mipht. with canal rronrictv have
made thc nation tributary to India hv is.
suin~ our Lonis navnLlS nr;nrinol nn1
interest in CnshmcrG shnwli " i'''
Bv dccidinT thnf its rolJ rrroinfs should
bc inr;vnd fr0r Jutirs On innnrt. Gov.
eminent Jcnlt " naralvging LIow 70 onr
ministries and rnnnJGJ %nt ~ noI;cy i
were charitable to nsscrt il tbn ;6;nt nro.
duct of IGNORANCE and ijiory, for in in order
TO Obtain from customs tbc cold rrm,ircd
TO meet ihr obligatl"ns GoTr,nmcnt hoJ
insanrly fastened mon us, il Lrrnmr noe.
essnry that tbc ioroi%n mnnniactnrcr
shonid he cnrouraoeJ to fooi ms with HE
Goods and to tLis ouI thc tar;fl was 70.
incrd to thc lowest noint comnotihIc with
securing tho LARGEST imnortatidns Of dutin.
ble articles and with rcapinr thercfrom
sufficient cold to meet Gayrrnmnnt ryi.
gencics 70 further cnconrnoc thr forci"n
manufacturer Goyornmc"t IaiJ addition.
nj hurden on ou,. home ministries Inv toy-
ING their prodncts 50 hcayilvns 70 enhance
the cost Of them TO a degrnS that enabled
our foreign compctitors fo rcnn, nt onr cx.
pcnsc. a ycry b6untiful harvest.
Nor did the evil. though SO great sion
here. our cynorts nnrtiolIv Mid for tbr
imnorts fins rencr6uslv rnc6urnpod Lt,t
n very laroc balance remained to hc. 81. .
fled and this wns orromnlisbcd hv scnd. |
inr 10 Euronc. in lien Of Gold millions m
on millions Of Goyernmcnt Londs nt 10 |
snd 60 cents on the dollar. II is estima. |
ted at least $500. 600. 900 orom bonds went
abroad ON these terms: or. in other words
for S3OO. 900 600 of imports and other for.
eipn obligations we rcmittnJ Si0o O00. .
O0O of orr Londs unon which we have
maid thc forr;gn boIdrrs nnnnoiIy SSo
0O0 OO0 in ,,old for intcrcst for ns;,ry ,'y' nr
10 ncr centnm annually m tbr SSSo 0oo
00C in foreign rooJs rnSeivcd for onr 500
000 000 of bon5s When thosc ara Gnoi,v
linnidatnd wc shall in aJi;t;on to onr
Sl60 000 OoO no;J to .,t;sf,. nr,rry Nr ha
cLli%e5 10 horG ovo, 10 tLo fnro;,,n Mon, Nv
ey.IenJer sTO OnO oOO in ,,olj or "'G,, r.
eon;vaiont 10 ,v;no omt t,n ,,inn;nol, ,,o3
is to saw in orIrr ~ SETTLE fpr sS0p 06O @ 6G6
of foro;y,n ,nnnnf,ctnros wo 'L'T'yiUUU sL,iI G.o,
fret m 7ast %e caIIeI mon ~ snmJ ,hromI ao
10 tbc coITers Of foro;',, PcnrtoI;st, 'SE saEH
00o 000 in ,,old nmJ H. ," ;,IdomandoTtI TyvV,
tbo enormaTS % snms @ in I ao,J % wb;ch 'mal La ~,
ultimately nrovidn1 10 Scttlo thc nrnc;,o ri"oH ~"
and ;ntcrSst Of omr natior"i W hnnd, @ nVnpIiiI poii
"s Of our ro;Iro"d 'o "mJ mnicinnl GS "I Iow meIi
%oIJ oIro,J I' uhVoh " r,t ",. oIan "a i'' 1onus
ho MaiJ 'V m,nona m'Tn nnd "1y tors "os G0',I oiJ
" VIII tis is"Hp", ;nim,oa" ",," nII Lillian Ioit III SGau
IN tho W go"o I'' o.nt u,iIG so," uogI s,"iIG US
,m all H. o. l,,oiI .l,i. ",i vlio
on" uoin H., III .G moI,u, our uI'Gtlleht; h1
~. P,G" ~ iGa eish ;lIi G'liihvis "u' iIoulucu
~ ~ " toat ooti'e, 'uuanu,HeJ piGIs, !" uolhs
tLot tno;. t;oppoi pi'""Ju s"I. :no pcoPic
,mor tbo ",,V dosdr"c,om on' ",So'' Wv woPonas
upon 'iG or .Ho To"''uroloH i D., tIc iast
nart;oIn or " tho ,'o 5ountn'' u.H;I"t A. vno i"s.
ns 'i,,e bn1 ~ ~ en" pma 1L.l''IIg ,L .ne latioh
r"toI % ;n w ..'a"Lv oF ~ IL .'' tci''ctlous an9
av", po'tiS VI L l.s iu'cLS' ANU iol MliaC
eur' L,S NJ SJ'ngt'As nIi, "l,o MiousnI ,'s
% h;r,h or t hoC to a; u,i ,,, lor never slLce the
olv, ~, ',,0 it.v' tLnU IGio vIc Pcoplc lnoie
paJI5pV,Una LIZ vi',i "ano 'iro Bieenoarks r
~ e IL wv ""y' ~ MN, % % %uio