Weekly Chillicothe crisis. (Chillicothe, Livingston Co., Mo.) 1878-19??, 1879-09-04
POLITICAL MENTION.

POLITICAL MENTION.
If greenbacks are not money, then what
are bank notes?
If bank notes are not money, from
whence do they derive their money quail.
ties2
If the government can't create money
for the banks, why not for itself and the
peopleP
If greenbaCks are money how can the
power of the government to create money
be denied?
II the debts OF nation are good security
on which to base its money, why is not its
wealh better?
In 1866 the aggregate state debt OF the
United States was $39O,0OO,0OO, and now
eleven states owe nearly $3.50, 100000.
WE need no public credit" at u pre-
MUM. We can paddle our own canoe
If the government will give us the pad
die.
If greenbacks are not money, did the
bondhOlders ever loan any money to the
government, having loaned nothing but
grcenbacks?
ALL we need is tools, and at the touch
of labor's hands our resources will yield
up their untold wealth, and give us credit
without sacrifice.
BUSINESS is like the animal organism.
After hog has nearly bled to death, it is
no sign of his immediate restoration be-
cause he bleeds less the last minute than
he did the minute he was stuck.
The war of the revolution was fought
with irredeemable paper money, a portion
of which for time was what is known as
continental money" and the balance is
now issued by the state Or colonies in the
form of money.
HARD times, suspension of business,
failures and bankruptcy, tramping in
search of work, pauperism, crime, dostitu.
tion, despair and suicide have increased
steadily as the value of currency arose to
an equivalency with gold
IT is as inconsistent to reissue a Unit
ed States note after it has once been re-
deemed as it would be to reissue a note
of hand after it had been paid, as the
goldites claim, why will not the same
principal apply to bank notes?
THE financial struggle now upon us is
to decide whether England shall pursue
and perpetrate this ruinous policy, or
whether the people will rise in their
might and strike for second indepen.
dence from the yoke of British bondage.
WHEN gold dollar basis is required to
support paper dollar superstructure, it
takes two dollars to make one, and he
who has interest, principal Or taxes to pay,
is obliged to pay two dollars for one; but
he who labors, or produces, receives really
but fifty cents for each dollar he earns or
produces.
WHY should the money power that has
ac umulated colossal fortunes solely
through government protection and favor
iteism, be exempt from all government
support, when those out of whom it has
made these fortunes are compelled to bear
all the public burdens IN addition to be.
ing robbedP
Tie most discreditable feature OF our
government is, that our statesmen depend
more upon the public credit, and national
honor, than they do upon the labor and
enterprise Of our people, and their ability |
with our boundless resources, to become |
independent and defy the opinions of the |
world
TIE New York Public, a prominent
financial newspaper of the bullion school,
furnishes statistics to demonstrate that
the purchasing power of gold has in
creased "a per cent. since 1878, and that
there has been a corresponding shrinkage
in wages of labor and the general prices
of products.
WE hear much of the danger of our
credit being injured in the money markets |
OF the world; but we never see in the |
money'mill pass any recognition of the
fact that we have lost caste in the labor
markets of the world Yet labor creates
all and pays for all. Labor is the goose
that lays the golden egg Of wealth, and
our government is killing labor. Let us
give some attention tothe labor market as
well as the money market.
The greenback both possesses value
and represents the value expressed upon
its face. When the government issues
greenback, the man who receives it must
have delivered to the government for the
benefit of all the people the value of prop
erty or services expressed on its face. 1t,
therefore, represents the value deposited
with the government by the holder, and as
this value deposited with the government
was for the benefit of all the people, every
person in society becomes debtor to the