Weekly Chillicothe crisis. (Chillicothe, Livingston Co., Mo.) 1878-19??, 1879-07-24
POLITICAL MENTION.

POLITICAL MENTION,
INSTEAD of printing new money to loan
to the people at or 2 per cent, the gov
ernment should pay out the money on hand
for its own bonds drawng4 per cent.
THERE is but one party that can Or will
carry out honestly and fully the princi-
pies of the greenback party, and that is
the party that was organized to do 1t.
FoR fifteen years they have been making
laws to enhance the value OF their bonds
until now their bonds are payable in a
dollar that has purchasing power Of 4O
per cent. greater than gold dollar in
1860, and the bond is above par.
TuE grcenback went where gold and
yer dare not 20. The grccnback went
down there with the old flag, and stayed
there ntil the last rebel shot was fire,
Gom was never found in dead soldiers
pocket. If the soldier had any money
when he died fighting for his country il
was grecnbacks,
In 1868 in the very midst of the war,
when the CLOUDS against the union were
dark and lowering, under the influence OI
an increasing volume of money, there
were only 4S5 failures in the country. In
1873 when this volume had been reduced al
most 500 per cent, there were 10,47S fail
urcs. Comment is unnecessary.
WE desire victory, and as we believe in
the final overflow of the powers of dark
ness, we know we shall obtain it, if We
keep our skirts clean and our principles
pure and worthy Of it; but rather defeat,
yes thousand defeats, than a victory won
by trickery and fraud or by sacrificing one
lot or title of honor or principle.
We need more currency. This is nc
rag baby. When u panic strikes people
there is general loss of confidence, and a
frantic effort to do business on a cash
basis. There is in consequence money
famine, and it is upon us that the Money
Power in control of the government sec
iii to force resumption by contraction Of
the currency.
TIE laws that have deprecated tn,
value of all property have increased the
purchasing power of the bankers bond as
much us the other property has been con-
fiscatcd. After having robbed the people
of half their property, like jeff DAVIS,
after having stolen half the states and
half the nations guns, they wanted to be
left alone.
The good old grccnback that followed
the flag into and through the South and
conquered the rebellion, is now degraded
into a "supc's" position to gold and silver
that was only to be found during the wal
in the vaults of the bankers. This is the
way the grccnback party tcadies to the
money-powcr; this is the way the party
which pretcndcdly favors the poor man
bends its knee to his oppressOr.
The banker don't want the power tc
collect his pay or his bond, but he wants
the power to collect his pay for his green
backs, so that by drawing one dollar. oi
gold from the treasury he can force the
government to retire three dollars of the
grccnbacks. The mischief is not in pay
ing gold for grecnbacks, but in giving the
bankers the power to drive out Of circula-
ton three times as many grcenbacks as
they have got and fill the void, if it Is
their pleasure, with national bank notes
EVERY civilized nation that limits its
cash exchanges to the amount of specie il
its bank vaults, encourages debt and spec
ulation and is responsible for panlcs and
industrial break-downs. Barbarous ma
tions which have few and simple exchang,
cs and no social system, may so limit itI
business, but it is not possible for nations
which deal in every form of exchangable
commodity. The nation that limits its
cash transactions to the amount of specie
which 1t possesses will have rich banker,
and poor people. This is why the specie
basis is such fraud.
A REGULARLY organized !,Stcm fol
loaning money to the people, would re
quire less than one-half the number to su
perintend it that now devote themselves
to the business. Not less than 10000
persons do nothing else. The system pro
posed would send 250,0OO of these back t,
productive labor to earn their own living
Besides, it would reduce the cost of mon
ey to the people from twelve per cent
(the average rate now paid), that absorb
not only all the profits oflabor but also al
the property of laborers, to rate thai
would allow them to accumulate some
thing in their own right.
A GREENBAcK issue would give u nev
impulse to production; idle labor woult
find employment, consumption would in
crease and trade flourish. Every brancl
of industry would react bene6cently OF
every other until the busy hum of indus
try would be again heard in every nool
and corner of this God.favorcd land
Even with this volume of currency, tn
debtor class, through prosperity, woult
soon release the grasp that Shylock ha
about its throat, and Shylock consume
himself and die a natural death. Th
united industries would rise and in on
grand anthem sing their deliverance from
the most subtle, insiduous, and heartles
foe that ever cursed the human race.
The needs of the country not only re
quire an issue Of money sufficient to pa,
the bonds and stop that drain of interes
from the Industries, but also enough NOR