Osage Valley banner. (Tuscumbia, Miller County, Mo.) 1879-1881, 1879-02-06
ADDRESS on THk
MissoUri state Executive COMMITTEES
OF THE
Greenhacle Labor Party.
eT. Louls. Januarr 8. le7p.

uOWtng grhnhfctAnU unphrAiotieu eunefiuNbs
from the money famine created BY forced
contraction to resume specia payments, We
haya yet good reasons for mptusl congratula-
sIons at the close oi the year. A smali par
", under The venerable patriot aud humani-
tartan Peter Cooper, as candidate for Presi-
dent, polled S2.G40 votes 1870, when At the
State elections OF 1873 the National party In
creased its votes 30 I,289 600. witheu. sstinas-
log the votes IN Georgia and other Southern
States.
The coin basis tyrants In the two old
parties had demoni.iEed silver 10 1878, and
Ia 1875 bal enacted gold resu9, ption for
JSnusry, 1879, when the treasury Was TO re.
deem and destroy all legal tender greeDbscks.
Tbs appalling horrors OF rapid money con-
tractor, and the ruin OF trade as foretoid
years ago by our greebbark statesmen, 10.
ducod the last Congress 10 remone,iSe silver
and preserve the present issue OF greenbucks
from destruction. Honor TO whom honor il
due, We demanded that ConRress at its
last annual session sbo1ld declare greenbacks
full legal tenders tor Hll dehls, coin interest
and duties, and diroct fhe issue OF coin GER
tifcstes alan as full legal tenders In sums OF
$40, $40. $50, 800 Suc $500, 10 purchase the
gold and silver bullion Tor Gale, .; the marke.
r,tes, 70 ps 10 enlarge the circulating medium
$500 000, 600 on the bullion purchased tor
cJtuage, and avoid selling $500, 900 900 4 per
cent bonds TO buy this bullion thnt could
not be coined 10 less than four years. the
$32. .0Oe, 600 interea, 20 be saved tor the peo-
pie and the $200, ,000, 600 coin certificates TO
be added 10 the circulating money, in our
days Of money distress and misery, caused
the money tyrants TO oppose the Dill. IL
these two bills proposed IN Congress by our
party had passed there would have been no
need OF apy otbe: retnmt tioD than the opera
tion Of the laws would have produced. The
greenbsck. becoming full legal tenders, they
would have risen above coin, Ut all points
except the commerciaI ceDters, while in Csl-
ifcrbia, Oregon, Washington. Nevada, etc.,
they Nould have been 2 per cent, above gold
and to per cent, above silver. The coin
certificates would have had the same legal
value as greenbscks, and he naiionsi banka
would have been relieved OF all necessity for
| bording thei. own notes 10 prevent being
called upon for EreenbAcks. Tbis great boon
WAS denied the people, aud the Secretary OF
the Treasury, amid universal suffering, has
| forced resumption successfully upon the two
other measures Of the Natlo ais for the pre-.
servation OF greenbscks and the recoinage OF
| silver legal tender dollars.
With our plan OF Auance, gold, lilver and
paper. would each have become full legal
lenders without any necessity for resumpliou
| at All-and The DtOple curing the summer
and autumn of 1873 and THE winter OF 1879,
would have becOus prosperous and happy In
their financial arrangements. All their mon
ey would have been from the fret day OF
| July last % good as gold, and the green
backs and G In certificates would have been
better than gold at ell points of our country
tar distant from New York
Paper credits OF the Bank Of Venice repre-
seDted paper money OF the Rerubllc that
remained for 800 years, from l24S TO l747 st
at premium of 20 per cent, above gold or
silver coins. The merchants OF Venice want
| ed paper base not coin base. Toe money
OF tbe Bank OF tbs Republic was based on
The sovereignty and wealth OF the State alone.
Why did II rise above gold and silvefi
About 500 years ago the coin basis system
OF finance was invented and used by Italians
and Jewp, who iesued paper money drafts
and credits OF banks msns ed by themselves.
promising 70 pay or redeem all notes In coin
on demend At the bank This system OF coin
basis banking coon grew into common use,
snd 10 two centuries the Jews and bankers
have become possessed OF = monopoly ot the
coins In Europe and America. The poor
morey changers OF "a. d. l6C0 have nov
become the masters and dictators 10 the old
and new world, under the coin easie system
of hnsnce. The secret IL simply thie; The
barker issues notes from 81 70 $40. In his
own paper to 81 Ia coin In bis vaults, and
draws exchanges and bills TO the extent OF
his credit and that all his associates through.
/. out the world. The Lrofits In Interest and
exchanges room absorb the whole capital OF
coins ia the country and ~ paper money OF
bankers rapidly increased.
Tpe growth OF paper money has been 90
, great since the Introduction OF steam power
aud .leciriciiy. ss agents for production, thst
1t new amounts 70 70 per cent Of all the
, money of Great Britain or the United FtAtes.
The coin basis system OF finance has thus
mAgniaed the banking capital, sen' twenty,
fgtV and even cne hundred fold, 90 es 70 en-
Able lie owners to levy interest premiums and
discounts on ten 20 liiy times thtir actual
coin capital. Money being the lever that
moves all business, its uanry 10 every form
adds vast pfonts daily 10 the capital, 30 that
, In the lspse OF two hundred years, II has
come 10 be the all controlling power ~ our
| modern civilization; and has created an over
, shAdowlng monopoly OF coin money, IN the
, hands Of few men, who give lava 70 busi-
! ness aud to nations for their own permanent
profit, &C the expense OF all Industries.
While the bankers and money dehleFs grow
rich. the operatives, farmers, householder,
merchants End traders have generally be-
come poor. Ia our oplnion II is now necessa-
, ry 10 overthrow the coin basis despotlsni,
and TO do this the nations o. the civilized
world must issne 40 absolute morey beaed
. on the national Sovereignty OF each Republic.
KiOgdom and Empire, for their domestic use
respectively. and BY inttrnallonal clearing
houses, make bhlances and setslemenu guar
ter yearly.
The coin Sasis sysiem OF finance 10 the
United STATES bea produced, Ia tha torty-nlnt
/ yesra from 1909 70 1867. inclusive. seven
, violent and sudden coltTactione of the vAsl
sOl0me Of paper money iftued BY banks ane
banleefa ON a coin bEetn. 10 cary on the fraDl