The patron of husbandry. (Columbus, Miss.) 1875-1883, 1880-02-07

The opposition that the Presidents pro-
posal to destroy the Greenback aroused
warned the enemies of the peoples mon
evfhat they could not effect their purpose
by direct assault on the Greenback.
Remembering the adage that there are
more ways of killing dog besides chok-
ing him with butter, they have set about
20 insidiously carry out their designs by a
bill recently introduced into Congress
which has for its ultimate object the re-
firing of the Greenback. The bill we re-
fer to requires the National Banks to keep
the reserves in the gold and silver CONS
of the United States. Two Greenback
Congressmen, MessrsGillette and Weaver,
have exposed its design. In referring to
it, Mr. Gillette said:
"The bill before the House regard as
most serious one Like that famous act
to strengthen the public credit passed
March IS, 1869, the object of which was
to rob the public of 100000 900, and like
almost all financial measures passed by
Congress for the last twenty years, the title
ofthis bill is designed to hide its real object.
"As the law now stands, the banks may
keep all their reserves in coin if they pre-
fer; SO this bill is not to increase their
privileges. 1t simply accomplishes what
they are all struggling for, the degradation
of the Greenback, creating a new market
and an exclusive use for coin, and impos-
ing new limitations upon Greenbacks.
''Nearly $500, OoO, 900 of L nited States
bonds will become redeemable during this
and next year The leader of the Repub-
lcan side of the House Mr.. Garfield has
| introduced a bill to refund all these bonds
into others that cannot be paid in gener-
alton for thirty years., no matter how
great our resources. The leader of the
Democratic side of the House Mr.. Fer
nando Wood, wishes to go one better
| than his Republican competitor introduce
ed a bill to refund these bonds into new
ones which cannot be paid for PITY years
| Neither party proposes to pay one dollar
of these bonds out of the mountain OF
coin lover 5000 900, ooo) in the Treasury,
which the chairman of the Committee on
Banking Currency (Mr. Buckner) says
rs now performing no service either to
the Government or people This sum can
| be indefinitely increased before pay day
but lest the people should discover the
! fraud the lack of single excuse for these
refunding schemes, and demand the pay
ment and destruction of these cancerous
! bonds, that their children may be free
men, some step is necessary to reduce the
| coin in the Treasury, if possible, before
the bonds mature This bill is that step
as its author (Mr. Buckner) admits in
| these words:
al introduced this bill at the extra ses-
sion, or one very similar to it and my pur-
| pose was to unload the Treasury of por-
ton of its immense boards of gold and
silver
SIN case it becomes a law the Banks
will exchange their Greenbacks for coin
at the Treasury, if not Immediately, GER
tainly as soon as their present stock of
coin is withdrawn by an unfavora bic bal
ance of trade. Thus the Greenbacks will
be driven into the Treasury, and as effect
ually retired as if burned; not put into
circulation as the advocates of this meas
ure claim, and the com VIII be hidden
in the vaults of Banks when pay Gay
comes. The syndicate vultures will then
proceed to quietly fasten the shackleS of
perpetual debt upon the people, mOrtga-
ging to capitalists the labor of succeeding
generations, perpetuating and strengthen
ing an untaXed aristocraCy that already
| claims greater power than this Govern
ment, and boldly attacks the very princi-
| piles upon which it was founded. The
| title of this bill should be, A bill to create
a market for coin, to depreciate the Green
back, and prevent the payment of the
| public debt. 1t is a shot from a masked
battery at every interest of the people
How long do you imagine they will sub
NIT to such tactics by which bondholders
and bankers will still further rob and de-
grade them by continuing and entrench-
ing that sum of all financial vilanies, a
perpetual interest bearing debt with the
National Bank monopoly resting thereon?
The Wisconsin State Grange met in
| the city of Milyua L ga Loot 1,,aol- N-o~+L,.