The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1879-05-07
Letter from Col. j. M. Wesson.
BoGUE CHTrro. Apri1 20 1S,

Il BoGUE CHITTo, April 80, 1879
= EDITORS CLARION: Please tell us-the pec
: ple-what is the policy and platform of tn
Greenbackers so called: | must confess tina
never knew; if they have ever defined thei
position, have never seen it.
Is there anything that they claim tina
could not be be better accomplished. so far a
the South is concerned by the present Demo
cratic Conservative party?
: IL they wish to substitute Greenbacks i'm
mediately, wholly and Internationally 70,
national currency, | doubt the propriety of
such policy. 1t is true it would save about
fifteen million year in interest, but [ do not
believe that the credit of our Government
great as 1t is, could maintain circulation of
eight hundred millions of dollars on a snecie
basis with the small amount of coin now
available Tor that purpose; and as resump-
ton itself Is yet but an experiment it would
show the want of wisdom to add another OK
pertinent: we would endanger the success OF
| both
graduated scale of conversion can be
adopted and maintained, that will in the
course OF three or four years take up all the
national currency and substitute in its place
the issues of the government. and this i
what suppose the Democratic party now in
power will proceed at once to do if not
thwarted by the Executive.
In 1860, when the war commenced u,o h.,
a circulation of b ank notes of three bundred
ana twenty-five millions of dollars which
proved to be ample for the commerce Of that
DAY and under the system then prevailing. II
Is true that much of the commerce was tban
done on drafts and commercial paper for the |
reason that the banks notes of one State v-as |
at discount IN another State millions az
dollars We're transferred from State to Stota
usually IN the purchase of negroes. and muIes
ana other commodities, by farmers drafts
deemed by shipment of cotton. rice tahoaoa
ana otner produce, without the use of cl1rrencv-
:, by the AID OF the Express companies and |
the currency being at par everywhere. the usas
- TRAITS are very much reduced and there
lore much larger amount of currency viii
be required WI
Inc increased population of eighteen wears
anu our widely extended agricultural products
and enhanced commercial interests 80,
great DOMAIN not then occupied, will reouire |
ao llucn larger amount OF currency than was
necessary IN 1860, so that bv wise and nm
lent scale OF conversion, we can maintain on, I
pecle OASIS and IN very few wears substi+,ta | I
,reehpacks Tor all the national bank currency
'oP the interest on three or four hundred l
Unions and increase or curtail the currency a
without
hook to commerce or shrinkage in nrors %ltS il
alues. ~ property c
But the question naturally recurs: Can not C
serythlng necessary to be DONE be done hy n
ne great Democratic-Conservative party her.
T tnan 1t can be done BY new party Whose q
rlnclples are underlined, and mere corporaps !.
u = scattered about in few States? II
may De too fast. / confess / never sa,r NJ
of their principles. might fa~or ca
lem II they, will make them known. All
nov ABOUT the principles of the party is found IL
hearneys speeches in the Eastern stats IT, ST
sar, and l could see nothing in them but dis.
= gaIi]ation- only disorganizing parties da
II me ne whole labor system, the government
Id christianity itself He is not only an aa-
an: put communist. In none of his sneech-
t ald ne make plain his financial policy
y III you please allow word in refer
&c TO United States Senator. am in So
a Democrat for that Office. He lives =
ckson' out his home is everywhere in Missis-
'pi, and his name is BARKsDALE ISIS be
Your obedient servant. of