The post. [volume] (Middleburg, Snyder County, Pa.) 1864-1883, 1878-09-19

lnan Juu2e thurman estimates We
viii save TO the people by issuing
greenbacxs instead Of bank notes.
These taxes would ell he lost 10 the
United Sues snd 10 The States u
the pa' 'ousl banks we're abolished.
I, Tho" notes P"e secw oil beyond per.
adventure, they sre protected from
"ouu.N ;ei'ing fcr more successfully
:, by any formef system, aud, to
:'ai;' edit be Il said, not one dol
81 has BEN lost on any national
'npx note ever issued. Wherever
YOU 60 you may caiiy them with
s'fety, without examination as TO
where or when they weie issued.
They rre good eve; where il The
u led SiH;es.
Seus.or Thu nan has stated
some ob;ec ions 20 the na,ional
backs, to w''ich l w b. .eAy reply
He says:
''ln the 6rst place . mai ionr' bank
GU .ency means the indefinite pc, pc.
to uNtion Of the public debt"
As o national bank e. SITS only for
twenty yeas flom the date OF its
organization, and is liable at any
,i,ae by act Of Cong less 10 be abol.
isben, this does not seem Q very DO.
ieus ieasoa. rm sorry to say that
the prosp; :. Of paying our debt 30
soon as tho I''e OF o nationr' bank ia
not vel :, f'ttsrinS, nor e'e they like.
ly to deter its pay ment. As for the
influence Of these institutions, 90
much for rc' by NJ. Thu' man, IL is
not an object Of alarm, for il cannot
10 omO ned, or 70 that were at.
temp d, ;t could be overthrow a by
q single wave Of popular opinion.
His st cond objection TO the ma
tiona' bauk'ng system is "that IL
nds to combine concentrate and
items y the money power"
This Q f,?'t is an Elusive ferr.
there is no power in this coort, ;
that is 80 weak in politica, mana 20.
ment as what is cr'led the money
power. IL has never been, nor can
il be, concenf' ated 80 az to affect
politicc' questins. The tendency Of
Ou- institutions makes it easy 70
combine at oace politicr' op' ,'on and
political power against 10.
This nationn' bank c.rcr'at;ou is
not speci'' p .,'ege, but open 70
eve :, association os five persons that
n,as be o,gnn>e in my part Of the
u ed States. TO call it O special
p ''sye is absurd, The srue priv
eSe .A ght be grr rp,ted to eve, /; in.
a .i'"' c,t'zou OF the United States
bu. e-pe euce shows that O corpor-
q on is mo"a wisely al niristered
when il is composed Of . number Of
psrsons, not less than five, thau
whca IL is coa''o''ed by q single
person, aad co .'o'a', authority is !
essent'''', pies sc its O. -'stence ~
case OF ;he dot, o.. partner. But
for IS he sp,r''' p ''ese night |
he :. n cd 10 evsrv citizen who !
co. 4 ,',e the 'e4' size seer ity
.oc 20 :e~e.np Oh OF .be notes is.
sucI by HIN.
As 10 cu,,;o- none, into tbs pockets AZ
the aha ehoide,s. his synin il .bsurS
The 0ove,nmeut nav, NOTING and ooutri. /
bu,es uo;L,aw 10 4 bank The sharebold,
Ga buv Inc bond, Of TIA dovsrnment
and dsposit than With The C,overnmsnt |
FOR the security Of the notebolders II |
tie hank retires. tbs bond, belons "a ths
,Dnreho,ders and no; 10 the 0overomen,.
Nor can the 0ovsrumsut nav these bouds =,
i'm anv o,hs, vav tha. II couid nav the |
aonds In tbs hands Of iudi,idusls.
J,e Coye.,meut would nav tho same in |
tsrest on !. ess bonus wLc. bsr held b, the |
oc al or suy citizens or in Europe,
Tie resson Wv bonds ara demanded |
a. security IL oecause ,hsv are the hest !
security. Dut for this a mo. tsaae securi. |
y .njokt bo ken. hut "A IA. 0ovcrnment |
securi,v IA ths highest and hsst. this In |
d. .nsaied. not for the bensSt Of ths Gov. |
q. ,n.nt. hut fs. the notsaoldsr. for whom |
I,,s C3o,sromsnt IA a mara ,ru,tse' When
Tho S,ovsrnment mass 10 The bsnL in,ere,t
on bonds hsI,I nv NJ ass security. n onlv |
,svs what n ;u,t,, due and vhat il would |
nave 10 nav Al eli events to anybody hold. |
iny ,be bonds until tbsv Ara redse mad.
anv,t tn.ea manv millions annually |
ant az ,bs p,cke . az the oscpls h har,
,o c,,c.v.' M o,s oorrov, he uotss of
IA. ,sc,u,,s., IL Ia for his i.te,es ~ In /,
sn no .h,,'I, a. ,',e han, 10 IsaI Ia
.,.,,.n,.. "a ,hs borrov.r "A we'll as
,Sa la ,J.. ~. Covsrnmeut cannot an.
.s,s % I" ,,,;s h,,;nsss of ioaoiny money.
/, xonld bs , so,rv time for the people I,
."