Weekly Chillicothe crisis. (Chillicothe, Livingston Co., Mo.) 1878-19??, 1879-01-23

boNclHWcllti HuNlllg lOduCu nOtnlnp DUl
greenbacks!
A REPUBLICAN journal says the "tramr
nuisance is Il product of the war. If SO,
the fruit was long time maturing as
none appeared in market until after the
contraction frost of 1873
If the government chooses to farm out
its control over the currency to private
parties, why not grant the privilege to
those who need it in the production of
wealth, instead of giving it to an idle
monopoly to rob, blackmail and oppose
the producers of wealth?
ENGLAND is enjoying resumption. Pa
per and gold have maintained their equil-
ebrium there for sixty years. Labor and
enterprise have had their fill of specie
basis prosperity. As westward the star of
empire takes its way, so shall England's
specie basis prosperity. We shall have it,
1t is coming.
THE Democratic party as an organi2a.
ton is insrncerc in its Greenback profess
sions. ltproyed its insinceritY in 1876. In
1851 its Pennsylvania. Ohio and Indiana
sub'organizations were loud in their advo-
cacy Of Cir 'cnback measures. This proved
to be ruse, IL sort of back-fre to prevent
their members from leaving the ranks.
Now that Thurman admits that when
he fshed last fall with his grcenback.
baited hooks, it was only to catch suckers
for bullion feast, and since Hendricks
and his cortege have renewed their ale
glance to the cypher hero of Gramercy
Park, 1t may be well for honest Grcenback
Democrats to examine theirpolitcal charts
and see whittier they are beng driited
The provision Of the resumption act
that permits the exchange Of gold for
greenbacks only ut New York and in sums
not less than fifty dollars, is the mark off
Intentional dishonesty on its brazcn coun-
tenance and virtually renders impossible
general resumption. 1t is passing strange
that ouch financial Juggling Is for a mo-
ment tolerated among an intelligent peo-
pie
BY combination between John Sher.
man and the national banks, resumption
is postponed indefinitely, and gold is a
complete drug in the eastern cities The
grccnback is the fayoritc money of the
country; but contraction! All! there's
the rub. What of contraction? 1t has
completed the design of resumption, by
taking away the people money, forced the
gold dollar down to par with the green
back, and, in doing SO, has ruined the in.
nocent holders Of every kind of property
but bonds and mortgages; doubling every
debt and increasing every obligation oil
the working and producing classes But
the end is not yet
ONE of the cardinal principles always
Advocated by the grccnJacll labor party
has been that the greenback should be
nude Il full legal tender, equal to gcl |
and silver. Had this simple act of ius-
tlce to the laboring classes been adopted
by sherman years ago, what suffering and |
loss would have been ayerted. That If
ought to have been done is now proved bv |
the action of Sherman himself in using
t1Is very device to save in part his Other. |
wise impossible scheme of RESUMPTION. |
sherman admits the weakness of specie
resumption by adopting this principle Of
the sreenback theory, and, by it, pushing
back for time, the ultimate failure of
his resumption policy.
THRouGH the bold manipuations and
schemes of Sherman and the banks. tbe |
country is returning the old and rickety
specie basis system of finance, IAN inaat |
ed currency issued en- the honest money
specie basis system" This system has
been sufficiently tried in this country and
always found wanting. Its history is one
ot ruin. Ii smashed the producing and
commercial interest of the country and
ruined millions of citizens ten times in
NIFTY years, while 1t advanced the Hamil-
tonian scheme of strong central govern
ment and the formation of an aristocracy
of money and landed property on the ruins
of the republic. Its history is written in
characters of lurid light, in the terrible
financial commissions and crashes of 1906,
Sl4, 1919, 1925, 1884, 1887. 1889, 1871,
1857, 1861 and 1873 might be added by
similar causes.
BANKS, Shylock, Sherman & Co. entered
INTO co-partnership on the first of Jan
uary, 1873, and will transact large
wrecking business, as wholesale and re.
tail dealers in confidence, credit, COM
pound usury, foreign exchange and bogus
coin, Capital invested 81, 1000, ,OO), of
witd cat paper, promises to pay, secured
by an immense stock of resumption soap.
bubbles. They, with brazen confidence,
refer to the firm of Hayes and Belmont,
United States; Bank of England, Roths.
childs ~ Co., Great Britain; General
Grant, King of Smaon Islands, and
long list of celebrated financial vampires
too numerous to mention. The American
assets are principally made up of labor ri.
OTIS, strikes, enforced ideness, poverty,
starvation, state militia, usury, national
decay and the complete prostration of
labor.
HISTORY proves that no church Or party
ever reformed itself. Every important
aavance in politics and religion has been
the result OF new combinations and indie.
pendent organizations which were obliged
to run the gauntlet of conservatism, and
depend upon its superior merits for sue.
cess, During its growth, and until the
work which called it into existence has
been accomplished the new party possesses
a spirit of patriotism. Then its organiza.
ton is seized upon by political pirates for
gain and personal aggrandize.
ment' Its name, its prestige, and the glo-
ry of its early achievements, attracts thous-
ands OF honest men to its support long af-
n its soul and spirit have departed, of