The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-02-14

| WH'u huo lsWt uHufIthhu 10 huu 10 lntto nat
aral and Just advantages artificial distino
uons,to grant titles, gratuities, and skolu
| slVo privileges, To make the rich richer, Ant
"a" potent more powerful, the humble mem,
berh OF hoolety, The fsrmor,, mechanics, Ano
lAborors, who have neither the time nor In,
| means OF securing like fayors " themselves
hays - right 70 complain OF tho Injustice Of
their dovsrsmont'
| Erpsrisnos should toaah us wisdom Meat
OF tho difnutlss our Government now on.
| counters, and most OF the dangers which i'm.
pend over our Union, have sprung from an
abandonment OF the legitimate objects OF gov
ornmont by onr Nation.l legislation, and tho
adoption OF snoh principles "A arc embodied
IA this act. Many OF our rich men have not
been content with equal pritaotion and
| elual benefits, but have bssought us TO make
Them richer by acls Of Congress. ny attempt
Ing 70 crafty their desires we have, In Che
results OF our legislation, urrayed section
against section, Interest AGAINST interest,
aud man again Il man IN fearful commo-
tlon, which threatens " shake the founda-
tlonS Of our UpiOn.
Suppose the prayer Of the petitioners from
New York Is granted and the logal-tendcr
currency isrotired, do we get gold AMI silver
In ts placer BY no means, We will sec It's
place filled, Of course, with nalonal-bank
notes. Yet In the war made on lcgal-tender
notes the people are sought to be deudod
with tlh cry Of "hard money" when In truth
II is sought to destroy silver (which is half Of
the hard money! and greenbNcks, only to re-
place both with national.bank notes--na-
tional-bank notes in place Of silver, national
bank notes in place Of legal-tcndcr green
backs, and national-bank notes in place of
gold, if that, under changed conditions, shall
flee tho country rs It did after 1873. The
country must have money of some sort, and
If the resolution of the honorable Senator
from Delaware is adopted and the recon-
mendation of the the President and Secre-
tary Of the Treasury to stop the coinage of
silver shall be adopted, and we will have left
n little gold locked up in bank vaults
and great flood of national bank
notes in circulation among the people. This
is the "hard-money" feast to which the peo-
pie are invited State banks of issue have
been taxed out of existence, and not one Is
left in order TO create monopoly for Ma
tional banks and now the peoples currency,
issued and backed by the peoples Govern
ment, redeemable on demand in coin, at par
with coin, the safest and soundest currency
in the world, the creation Of necessity, mold
ed by the circumstances of nearly twenty
years Of chsnge and revolution TO fit tho
times successfully from fragrant war to pro-
found peace under burdens inherited from
war, perfected by the wisdom of experience,
tried by the country and found good in every
crisis, is sought to be destroyed to make way
for more National bank notes, and all in tho
name of "hard money!" "honest money"
Money cannot be "hard" or "hones." money
according to this theory, which does
not rob the laborer and producer
and enrich the banker. A few Democrats
are found who call this return to the prin-
cples of good old Jacksonan Democracy.
If Andrew Jackson, Martin Van Buren,, and
their compeers who believed that the United
States bank, with capital of S4000O000,
surrounded by competing State banks, was
too powerful that it corrupted the press and
sought to rule the Governments that it was
about to acquire controlling influence in
politics, to be used for its own gain and the
peoples oppression; that by its power to
expand or contract the currency at pleasure
it could worry and distress the people and
bend them to Subserviency and through that
means control elections, and was therefore
dangerous to the liberties of the country rs
well as its material interests, and for that
reason, in the name of the Democratic people
of the United States, of whom they were dis
tinguished leaders, overthrow tiff they
could be terminated and could hear the prin-
ciples of the Democracy invoked in behalf of
a measure which will destroy the only check
in the hands of the people upon the
power of system of bank corpora
tons animated by common purpose and
common interests, possessed of aggregate
capital, including surplus, amounting to
$50 900 900, and with power of indefinite ex-
pansion, besides large amounts of public
money always on deposit with them, huge,
monopoly to which every OBJ
lection they urged to the Bank of
the United States will apply with
twenty-fold force, besides which
the bank they devoted the best years of their
lives to crushing out was utterly insignificant,
they would come to the conclusion that the
principles of the Democratic party had I'M
dergone tremendous revolution since they
led the party. Andrew Jackson was the ar
dent advocate not of gold alone, but of gold
and silver money, as the people of my State
are and as am and have ever been; but
every word or line to be found in his State
papers on the subject is coupled with express
,ions of undying hostility to national bank
As the greatest enemy to free government
mat had ever taken root in American inst- |
Iutions; and his messages and farewell ad- !
dress TEEN with the most impressive warnings
10 the people against the danger from such
powerful corporations.
The reserves of the national banks in the |
city of New York alone, whence the man. |
moth petition referred to came, are one-third |
arger in amount than the entire capital of !
he Bank of the United States, which Jack
ION slew because, he said, its existence was |
Incompatible with popular liberty and repre-
sentative government.
Sir, this country is corporation-rdden al
'eady, without aggrandizlng them further.
1 read again from Jackson's farewell adj
lress. This address was issued upon the re-
irement of that great man from long life |
If distinguished and honored public service.
I was issued when he was going back to the
hermitage. 1t was his last word of warning
md of advice, his last preceptt to the Ameri-
AN people. ask attention to it:
But when the charter for the Bank of the
United States was obtained from Congress 1t
perfected the schemes OF the paper system,
nd gave to its advocates The position they
lave struggled to obtain from the commence
nent of the Federal Government down to the
present hour. The immense capital and pc
uliar privileges bestowed upon IL enables IL to
de,potic sway over the other banks
II every part of the country. From It's super
or streng h 1t could seriously injure, If not
esiroy, The business OF any one Of them which
tight Incur Tvs resentment; and IL openly
laimed for itself he power OF rsgulStipg the
urrency throughout the United states, in
ther words IL asserted land undoubtedly
osse sed) the power to MAKE money plenty
II scarce, at its pleasure, ut any time and in
my quarter of the Un,oD, by controlling the
ssiles of other ban ks, and permitting an ex-