Buchanan County bulletin. [volume] (Independence, Iowa) 1869-1891, 1878-08-30

ed long ago. Don't you know that
these various classes Of short time
bonds were Of no denomination less
than $40, and vast majority Of them
above $50, so that they circulated very
little among the people? Don't you
know that the interest accommodating on
these Government securities caused
them to be boarded like good notes and
mortgages, and took them out Of circu-
lation? Don't you know that John
sons Cyclopadia," vol. l., page 1,226, in
it's article on THE Currency" written
by Alexander Delmar, Chief of the Blu
reau OF Statistics, says the total circu-
lation of the United States, per capita,
in 1865, was $2490, or less than half
what you state it to be? Don't you
know that the currency in circulation in
the American Almanac" and the
Treasury reports, was about $40 per
head, or 81 per head more than you
stated in your speech at Ypsilanti?
Don't you know that the purchasing
power OF the grcenback dollar has in
creased from about 20 to 999 cents
since 1865, thus enabling the $40 per
head to do more business when required
than $24.5O would do in 1865?
In charging the present financial dis
tress upon contraction, don't you know
that all these short-time bonds, which
you reckon as circulation in 1865, were
taken up according to law by the year
1863, whereas the panic did not occur
until 1873?
Don't you know that the enormous
sinking OF labor and wealth in railroads
which did not pay, together with the in
credible waste, debt and suffering from
the rebellion, were the causes of the
financial depression?
Don't you know that there would
surely have been panic, sooner or later
and that there always will be panics
when men over trade, over-speculate
and overstrain themselves in business
or when nations play with sword and
fire at the game called war;"
Can such evils be laid Justly at the
door OF the Administration, and are the
moneyed classes (who have lost much
OF the capital they put in) to be hound
ed to death and denounced in YOU
classic style as crew of old cusses,
''pinching Shylocks," robbers of the
people, tools and pimps of corpora
tions, and cancers on the body politic?'
Did you not, at Ypsilanti pay the fol
lowing generous tribute (the only gener
Gus thing to be found in your whole
speech) to the lamented President Lin
coin: Il believe that Abraham Lincolr
was the greatest man in human history
and as ages wear away, unshackled anC
regenerated humanity will fill the eartl
with his praises, and the infants of pos
terity, lisping his virtues, will drop tear.
OF gratitude and scatter perennial
flowers on his tomb?"
Do you know that President Lincoln
in his annual message of December
1862, spoke Of the issue of greenbacks
as a measure which the Government
was compelled" to resort to by tn,
pressure OF war expenses, and declared
that a return to specie payment at the
earliest period compatible with due re
gard to all interests concerned should
ecer be Kept IN riew; fluctuations in tn,
value OF the currency are al,rays an
JurtouS, and to reduce these fuctuation
to the lowest possible point will Away!
be leading purpose in wise legislation
conrertibiltty, prompt and certain con
vcrtlblllty into coin, is acknowledged t.
be the best and surest safeguard agains
them?'
Now, if Abraham Lincoln was ''th,
greatest man in human history" and s,
good and wise a man that you vote,
for him twice and are proud of it." a
you say, once voting for him after HI
sent the above ardmoney message t,
Congress, why do you go back on MI
Lincoln's advice?
Why do you sling mud all over tn
men who stood with Lincoln then an,
continue to stand where he did?
Are you the bright light of the worl
on finance, and was Abraham Lincoln
hardmoney fool" and "a pimp of tn
money power
Was he subsidized to support tn
national banks when he recommended i
January, 1868, that Congress shoul
furnish a national currency through
banking associations, organized under
general law, with their circulation sc
cured by the pledge of United State
bonds?"
VIII you tell your audiences whethe
Lincoln was knave, tyrant and con
spirator against the rights of labor i
this country?
VIII you repeat and confirm the filth
SANDERS upon him and his sainted mem
DRY, put forth by your brother irredeem
bic, Brick Pomeroy?
Are you not talking to Republican
and Democrats about forgetting thei
old party ties, in order to make ther
forget the multitude of great and nobl
men of all parties, excepting the ire
deemable, who have stood by the world
basis of specie for currency?
Finally, Mr.. Cary, how much is you
advice worth in business matters, sine
you have failed in every kind of bushes
undertaken by you?
If you cannot successfully practic
law or run a farm or hold a politica
office, is it not supreme impudence i
you to come up into State like Mich
gan and attempt to give lessons in busi
| nncc ,nottnrc to tho naon1a2