Clarksville weekly chronicle. (Clarksville, Tenn.) 1873-1890, 1878-08-10
OUR GREENBACK VIEWS MISUN-
DERSTOOD.


Our neighbor of the Tobacco Leaf
has misunderstood our leading edi-
toriai of last week, and, as he has
done so, it is not unlikely that
others may; we therefore give the
following as our explanation.
We favored and still favor the
financial policy of the Western DEM
ocracy as commended for in Congress
last session.
We oppose the substitution of
either Understanding bonds or Ma
tional Bank notes for greenbacks.
We believe that too much Of this
has already been done and want to
see that financial policy completely
reversed.
We denounced the resumption
bill as fraught with .incalculable in
jury to our commercial system and
look upon the present depression of
business as realisation of our an
ticipations; at the same time we
look upon the mischief as already
done and do not believe that it will
be remedied now by renewing the
attempt to repeal the bill at thenext
session.
We do not stand with the Eastern
Democrats; themeasure which most
widely separates Eastern and West
ern men is the tariff, and on that we
are square on the Western platform.
What we warned the Democracy
against was the being misled by
names. The National Greenback
party is now in the field claiming
the unlimited issue of greenbacks as
the panacea for all political and
troubles. The Republican party is
already in the field bidding against
them, and the danger we pointed
out was that the Democratic and
Republican party might be led into
a Dutch auction, each bidding
against the other for the greenback
vOteuntil incurable confusion should
be introduced into our finances
We imagine our neighbOr will ad.
nit that there is limit to the safe
issue of greenbacks, though we
might differ as to the exact defini.
ton of that limit. Our fears are
that in such a scramble as seems tG
be projected between the Republi.
can and Democratic party for green.
back votes that limit may be lost
sight of.
And here let us say that we are
opposed to the further issuance Of
bonds on long time, whether Ma.
tional, State, county or city bonds
If it were not for the reckless Law.
ishing of the credit of the State in
the flush times before the war We
should hear nothing of population
now. Moreover, it may be observed
that the National Independents are
strong just in proportion as the com.
munity in which they work is over
loaded with debt. In Nashville and
Memphis they carried everything
in Louisville, whose bonded debt is
comparatively light, they could dc
nothing.
II is desirable that it should be
understood that this Protean organ.
ization called in different localities
the National party, the Greenback
party, the Labor party, and always
the independent party, is always
recruited at the expense of that one
of the old parties which is FREEDOM
inant in the community in which il
works; at the North and East at the
expense of the Republican party, in
the South and West at that of the
Democratic. Now, if our readers
will read the views which some OF
the leaders of that party have aired
before Mr.. Hewitt's committee, we
think they will agree that it would
be dangerous for either party to bid
too high for their support.