The Somerset press. [volume] (Somerset, Ohio) 1873-1977, 1879-10-30


Let the Greenbsck-Labor party
from this tune hencefurth concentrate
its fire upon the National b nks.
Let all the guns be aimed at that
that one point.
1t is vital point.
1t is the point d'appui of the Money
Powers line of battle.
The National Banks are the life,
The heat, the soul of the Money Pow
er.
They a-e the heart, the life, the
soul Of all the opposition to the
Greenback party.
Their abolition is the death blow of
the Money Power and the Bondhold-
er's Ring.
While there should be discussion
Of other matters, such as the extin
guishment of the national debt, the
enactment of an income tax, ETC., the
main issue should BE- the retirement of
the national bank notes, and the sub
stitution Of the greenbacks.
Three years ago the Greenback par.
ty demanded the preservation of the
greenback, the reconciliation Of sill
yer, an imitation of the currency, and
the receipt Of the greenback for Gus
tom duties.
Public opinion, created by an agi
tation of the money question, has COM
pelled Congress to adopt the four prin-
ciples above contended for.
The three vital principles left are:
1st. The preservation and perfec-
ton OF the greenback.
I'd. The abolition of the national
banks.
3d. The extinguishment Of the
public debt.
The first and second Of these prin.
ciples can be consolidated into one,
viz: Tue substitution of greenbacks
for national bank notes
Upon this single issue the Green
haeE-Iabor party can call to its ranks
three out Of four Republicans and one
half Of the Democratic party.
IL would at once antagonize the Re
publican party, because that party is
the especial champion of the National
banks. 1t wants TO destroy the green
back currency iu order that national
hank notes may be substituted.
II would antagonize the Democratic
party. bccause the Democratic party
desires to substitute paper money
based upon coin tthe old wildcat"
currency for both sreenbacks and
national bank notes.
The single idea Of substitution of
greenbacks for national bank notes
would array the three parties in this
way:
1st. The Republican party in IA
yor Of destroying the greenbacks and
substituting national bank notes:
I'd. The Democratic party in ia.
tor Of destroying greenbacks and ma.
tional bank notes and the substitution
Of paper money based upon coin"
the ante-war wildcat money.
Sd. The Greenback party in favor
of prohibiting the issue of wildcat
money, the retirement Of the national
bank currency and the substitution Of
greenbacks therefor.
Upon the issue of retiring national
bank notes the Democratic party
would agree with the Greenback par
ty, bit upon a substitute for such
notes there would be an issue, because
the Democratic party would be in ia.
vor OF paper money based upon coin
while the Greenback party would de
mand the substitution of greenbacks
Upon the question Of retiring tn,
national bank notes the Republican
party, Of course, would oppose thu
Greenback party, but upon the ques.
ton Of substitute therefor, as be
tween greenbacks and the wildcat
money Of the Democratic party, tn,
Republican party, or at least three
fourths Of it, would agree with th'
Greenback party.
We repeat, therefore, that hereafter
there should be concentration of al
our forces upon the one point Of a de.
s.ruction of the national bank system,
Against this principle no political
party can stand Tor single campaign
Let the people once understand the
fact that the Republican party propo.
poses, sooner or later, to destroy the
greenback, and they will destroy tho
Republican party.
Let the people understand the fact
that the Republican party prop oses te
restore paper money based upon coin