Weekly Chillicothe crisis. (Chillicothe, Livingston Co., Mo.) 1878-19??, 1879-10-23
POLITICAL MENTION.

fULlIlCAL MENIlUNs
THE sum of the bonded debt, Aug.
was $1,9Ol, ,7l6,1lO.
The first national bank chartered was
Jay Cooke & Co.'S. in the city of Washing
ton, about the beginning of 1864.
f. G. SPAULDINa, member of congress,
from Buffalo, New York, drafted and in
troduced the original legal tender bill.
WHEN gold was 2.S5 and greenbacks
worth less than 40 cents in gold on the
dollar, Greenbacks were convertible into
bonds at par.
THE law authorizing the contraction
and destruction of the greenbacks was
passed April IL, 1866, and the process
commenced Immediately thereafter.
CONGRESS, has for years been made up
of bankers and lawyers. OF all the pro-
ductive industries, not one, nor all COM
bined, have had potent voice in national
legislation.
THE 10.40 bonds were authorized to be,
and were sold for lawful money green
backs) of the United States, or for any of
the certificates ofindebtedness or treasury
notes outstanding.
No war bonds except about 1870 900, 900
Of 10 40s were by the terms of the law ex-
pressly payable in coin-the balance in
lawful money except the interest which
was payable in coin,
PUT your house in order, gentlemen,
for until you can dam the Mississippi
with bulrushes, and turn the current up
stream, you cannot stay the Greenback
tide either in the south or north.
IT is impossible to tell from the treasury
statements how much coin it has on hand,
as they make no distinction between coin
and greenbacks. The last statement Civ
en-, reports coin on hand at Sl39, 900, 900.
THE bonds are used as an international
currency by the large American and Eu-
ropean traders. Most of them, however,
are held by John Sherman's syndicate,
who re!New York partners Of London and
German bankers and capitalists.
NOTWITHSTANDING John Sherman COM
plains that heis accumulatins more coin
in the United States treasury than he
knows what to do WITH he increased the
interest bearing debt Of the government
$50,650 during the month of September
Thus does he persistently pile up the peo-
pies burdens.
THE national banks have an aggregate
capital of about $5OO,O0O,OOO, and there
are 1900 of them. Their power for evil is
as much greater than the old banks as
are their numbers and combined capital
We HAYS no one man able to crush the
monster, but we have a Greenback army
who will try to do it.
If farmer has horse for sale, he val
ues the horse at q certain figure, the buyer
may value it differently, and so may
dozen bystanders each place different
value upon the animal. At last price is
agreed upon between buyer and seller
and money measures the value agreed up
on. Our money Is divided and subdivided
from dollars down to mills, and forms the
unit of measure bv which all products are
exchanged.
The sleeping dog is aroused in Iowa.
A host of speakers are rising up from the
people and giving their time and their
talent for the good of the cause. These
local speakers are doing effective work.
Men take the stump who never thought
Of making political speeches before and
talk with the same earnestness that men
talk in religious ieviyals. These local
speakers have interests in common, with
the people, and have more effect than
lawyers who talk for pay and notoriety.
The United States revenue laws exss
plicitly declare that gold and silver coin
only, and they by weight, shall be re-
ceived in payment of duties on imports.
That United States legal tender notes are
receivable at their face value for all pay
ments other than duties on imports. Not.
withstanding this law, and in violation
of it, out of the total payment at the New
York custom house for the month of
July of 81, 5000, there were s6,sOS,OOO
received IN geenbacks. 81 ,149, 900 in silver
certificates, and but $32, 900 in coin.
WISDOM enjoins upon us not to raise a
single issue among ourselves, but to fight
the Greenback battle wholly on the enc.
mys ground. 1t enjoins upon us To ig-
more and keep out Of our platform every
issue and idea calculated to create oppo-
stion and antagonism among ourselves.
We have no strength to spare, or efforts
to squander on any force but the main
enemy. On him let our guns be centered.
Should any one, through ambition or ig-
norance, attempts to split our ranks on
minor or side issues, let his efforts Ibe
wholly discountenanced and discouraged.
ALL the power that gold possesses over
paper, is what the law imparts to it. Let
the nations of the world clothe their pa.
per currency with legal tender functions
and deprive gold of that quality, it is
doubtful if gold would be worth dollar a
pound. The great object Of bankers and
usurers the world over is to limit the vol
ume Of legal tender money to the smallest
possible compass, consequently a metal is
selected that is very scarce, and cannot be
materially increased. This is to compel
producers and wealth creators to initiate