Weekly Chillicothe crisis. (Chillicothe, Livingston Co., Mo.) 1878-19??, 1878-09-26

1t had its effects upon commerce, In pro
ducts there W. IN increase Of 800 to one IN
de of forty years. Then commenced
THE STRUGGLES OF BANKS,
on n coin basis, TO furnish their paper money,
drafts, bills, etc, and to run the new business
created by the steam engine
The monopoly Of coin gave the bankers
OmnipOtent control over banking and paper
money. They charged interest on their paper
issues when they exceeded even 10 or " per
cen of their coin on hand. Failures OF the
coir basis system have occurred in the United
States in 1909, 'lG, '2l, ~, 81, '46 and %.
legal tender notes-gOod as gold. The money
pow ar opposed this, and by buying over
members, had the Senate 10 mutilatc the
greenback act by making duties on imports
and interest on bonds payable in
gold. Compound interest notes, gold
certificates and loan notes were then
issued. National banks were created and the
grccnback act was still further mutilated by
repeating their intercOnyertibiity into green.
back 20 bonds Bonds, treasury notes and
all L, 5. obligations were exempted from tax
alton by State or municipal authority. The
war then closed and contraction commenced
Grants gold policy, the syndcatr act OF lSll,
the demOneti2atiOn Of silver in 1913, and lht
ensuing panic were then touched upon. The
greenbaCk and hard money parties aud The
excitement attendant upon the last presidcn
tial campaign and election, and the demoral
izing effect of the same upon trade aud com
mcrce were talked upon al length. The speak
er continued and SAID
THE BuLLlONlsTS
Of the Democratic aud Republican parties
were united upon the coin basis. The lead
ing politicians in both parties were bullion
SIS and welded to the money power ant
, heir newspapers trumpeted the beauties o
the coin system through the United States
and they Still continued TO do so. Silver wa
| remonctized but it brought no relief; tht
bulIionists still held their baneiul powe
| in Congress. No such men should be sen
back to Congress. The Democratic platform
Of Missouri is a National banking, coin bont
paying, coin basis platform. 1t is skllliull!
wOrdcd SO as TO deceive The Democrats
grccnbuckcrs. Its a
BOLD, MPuDeNT n luD,
and whenever any political hack attempts t.
say it is u Grecnback plato II deny ii as
| aischOud. You must Uyertl Ow the bulliOl
party or sink down in more ahJect slayer
than ever to the money power The spcake
then said that the issue between the Green
back Labor and the bullion Democratic part
in Missouri and the other States is narrowe
| E,I
down to single point-whether tle fvuera l,,
| government mas thc Pp"cl " lsS.c m 'uUi si
backs rcrelVaoiG i9r a.l purposes In"s HJ,
SILVER CONS ol Inc I'M gu H'"'c' "'c '''ci'
able iOr' ............
THE sEDALiA rEAitoHS 49,,
asserts lhls power OIL ti'G m'tru Ita'pS ', Con
StcSs 10 eA.9t anu 10 W. iuiS ", vn
GlsT ullut' 'e Vo,s',t"to', w. ,i,I,, h''oI., -
| nulllohIst pialIoiHi VI VIC l'"''''"' l"NN' +.
Jefferson Clly denies thls proposition, "mu
strong terms declares that no oIhtr money ca
exist under Inc constitution ior 'he 'eu''hl
ii0n OF bonds but goa ana sil'cr, u.r..;,
In SUNNI up MS spGecn NJ, Mr; 'iail '., say IT,
ihe Whole question rgsoi,Ss l'Stl lr,u ai
single one, has lle hlleu otalCs SoNernlnI,
The power TO make money omV ol pSpcI na' IL, u,
no intrinsic value 70 ne Nlul' tE"l lcnuv, w