Weekly Chillicothe crisis. (Chillicothe, Livingston Co., Mo.) 1878-19??, 1880-09-02

81, 900, 100000, remains legacy to our
children,
THIRD ACT-THE NATIONAL BANK ACT
Passed June 81, 1864, Surrcndering
the Sovereign Right OF the Nation to Is
sue Money unto the Untaxed AriStoCra-
cy, the National Bankers.
One would naturally suppose there was
limit to human greed-that the now cs'
tabllshed bondocracy would rest content
over their unparalleled plunder. But not
they. Success made them bolder, and
they actually conceived ascheme by which
the nation was to manufacture money and
give it to them free. This scheme was
finally consummated and became law un-
der the national bank act.
Free money would almost cause any
body to start bank. But alas this mon
ey was only free to bondholders; and they
appreciated it. For by September 30,
1871, they had in full blast 1884 money
corporations known as National banks,
and to-day there are in operation some two
thousand.
The money furnished by the govern
ment to these institutions is known as Ma
tional bank notes. They are furnished
free under the act of June 20. 1854. which
virtually declares that all bondbolders
who place their bonds for safe keeping in
the Treasury vaults are entitled to receive
ninety per cent OF their amount in nation
al bank notes from the government free,
should they wish to take out charter and
start national bank.
This is n beautiful auanpement for thc
bondhoIder whereby he can draw a doubjr
interest ON the one capital. and moi only
run the government bnt the f1rns and
eyerytbino else worth rnnnino.
The proposition NAV look Gseer that the
government should nav 5000 for thc priy.
Ilegc of Duardiup SI'OOO bond. Init CON.
gress has done some STRANGER tbinos than
that since 1851. For instance. thc con-
orrssionol act of 1S65 GIVING the bonG.
holder his interest in advance.
Uo1rpru ,cT C,,,m.,.,u.,,. o.,,
f'o nj M ~. SoN N't lhAi ~ ~ Oui'aw It
,qS n.' mGncS eun tAVcpU po.u anu thc
Iy ua IoolnIj ~ inJ ".Ti, L"il pi,nAs ihn Il l
.l nS Mti fng uUhuiio.Tels L,, lo'I tlic solu anu
Jor th;S act hoJ 'Im tho Hi 'nI ooIo;no u
T' az vrro %v; nav eno oIaip,' oyJoSt III s.em
oln,' aJn"oi L M EIIot5 uo'y G'9o noHty
,ain s".ugless W ictlIia'ioh, ti anu p.dc'ug tne
ElvPlo NafI JIoinp'iGCo'y pui III eIIo Powtr VI tnt
naI'ol"i tSil p""Ns. IN oFTer 20 o'Ing a9out
.nis result ySGGSSMl"'lng iSS Goo oon cd.lcu III
pIeSNuFE 9i'piuOV'ovO pIs,a' 'utlcucy'
W5uI W p,ieu uP luo uoiuLolIets W. lolluucs
,t sLat amount more, anu III lhe same tlmG
oolti"IU'"'' CHo pTuPic VuiIeEVJ 10 ihtt
"IllVuntrp?sah Iuq u, business VI rouhu'iS
anu poi'5 "lHS vi tnc cIlllfo GChclie uy
wE4.tsol' TIv9 .s tyHvlNJV'oh' 20 III riVrqary'
iolp .Iie N".loaal GonsPlru'oi5 at NaSt,
'hglon u5'lohitl"eu sllVer' uectatIng II
10y lcgaI leIuer 5l6 ~ SGS ann GO 6Sceeaihg hyG
ugl'ls' sMceP'"R T''J'VVV'uVJO' OUT
VI Si.oG."';uni f. 1o7. A., i..,,,.,,
ARaln, IN oahuay' laIo, tno 1Inuh9Lu.
,Is, InrouEn G?nsLVSs, StLuch ii anothGr OloW
" Ire''Ie anu lpIehsliy tio 'i'onry IamlhG
anu compel .ho peoP't 70 CoiiS Ne uP any
mortgage themselves 10 tne Natlona'
oahhs; anu On thaI Ha.G VlsS,H lhe ne
Sulhptloh 1c., o:Cens'9iy ~ resume specie
payment Dnt III TcN'.ly I? iuilher CON
.IIG' ,gt. 'ui 'oluhc Ui lnIhe! IN cltculallon'
@r'Sn !. "G9'onpI'? WIN vcnSeauGt,
Iot " h"a pltu up ~ the stGasnry l5G nro O vaults
uuH "ei'I ,'l't N cifcula.lon gtoo'uuU'olJ III
sgiG' s'Lnt' nnu lotSS, lenuCihg-MongI
WIZ ~ sll,l,.., iTuStsLtne 'eIHhe ol money
~ I''-,,' Ge"1S1 See, dtoiii gi' Pti tdP'"
.|'ltn IL wy IN d9CoJ, uowh 10 sgG lhsiE-
l,.y @ WV AN. an' lnsulIelcht ;.. sum oi Slz per
ca Nv V""''ng un''crS"' bankruptcy ana
run, M. .,,.,,o;,.,, :. ;.;.:A. ,.r,
mus, toAeelveu IN iinilquity, perfected
y tSeaT t y, n9u resulting IN the present
., p'or4, !. 1oHultlon Oh inc people, snese
oH. ;i!' %n.,. un.tons tL were Drought i9rIn'
,nyHint M III ''n ne tne country perpetual ueDt'
anu ;r o a,i NJ MISSES Vi tutoring poor-pr"c'
''ITt M Siii,si III ,,,...,l,
lnai Uuess loGr 'lcts h,'Ye Sot 10 We un,
uoue' L W. are 10 expect the perpGiuity OF
'hG .rei u2gli3, none understanding the SIT
uatlop WIZ ueny..
Ellli' 'ti N"'loh'l uank' or the repuo-
/. y, nus ~! MA
w MhlSH Snall u DeS u,,
lhe NaaonaI einkeTs ana Gondholders
nave the fepuoilG oy tae throat; It's on
y 9uesti9n OF tlme lor tneM 10 strangle
Ii ana substitute a oespOtlsm',
Inc questl9nS, 70 DC decided by the pal-
lot or 0y me bullet, are:
j. 2idA capital, the product OF labor,
t"'l more privileges tHlh lhVor, the
source OF al Weealtnf Or' Is the thlng
created, greater than lts Crcatorf
q, Money Delng necessary TO the peo-
PIES comfort and the lie OF trade shall
the people through thelr government Is
sue ana control II, or shall an arlstocracy