The daily gazette., 1880-12-09
For the Gazette.
An Open Letter 20 Andrew q. Gray,
EAq.
locKEssIS, 12mo., 6, 1880.

HocKEssIN, 12mo., 6, 1880.
DEAR SIR: In a quite recent conversa-
ton you Informed me that had misrep-
resented the views OF Thomas jefferson
on financial questions. My reply was
to the effect that thought not but, if
so, would be glad to stand corrected by
gentleman Of your superior attain
ments, and for whom had always en-
teltained high respect. Further ex-
aminalioDs seem TO snow that Jefferson
was correctly quoted by me, and, unless
he changed his views later in llte,or there
should be found contradictory state-
m'nts of his opinions that | am una
ware of, We will still be compelled To
differ.
In Mr.. Jtflerson's works (Vol. 6,p. p
40, Az win De found as follows, in let
tels 10 john w. Epps, A. d. 1913, JuR
"a: "And 80 the naLou may continue
to issue its bills as tar as its wants ie-
qniIe, and the limits VI It's crcula-
tIoH Will admit" ...ose limits are un-
ders' 0od 0 extend with us az present to
two hundred millions Of dollars.
"Bul this, the only resource which the
government could command, with GER
tainty, the States have unfortunately
fooled away, hay, corruptly alienated TO
swindlers and shavers, under the cover
of private banks" "In the
war of 1850, our State (Vrgiuia) availed
itself Of this fund by issuing paper
money bottomed on specific tax tor its
redemption, and to insure its credit
bearing an Interest OF 5 per cent. With
in very short time, not bill of this
emission was TO be found in circulation.
1t was locked up in the chests of execu-
lrs, guardians, widows, farmers, &C."
ave then issued bills Doltomed on a
redeeming tax, but bealIng no interest.
These were readily received, and never
deprecated single falthiug."
Returning tU 1918 he goes on to say,
"But although we have So mproviden.ly
| suffered the field of circulating medium
TO be filched from us by private indiyid-
uals, yet | think we may recover il in
part, aud even in the whole, if the States
will cooperate with u.s." Thus far Mr.
Jefferson speaks. Permit me to ado
right here that the U. S. Governiaen nj
at this time t1SS0) has not had this felt
OF circulating paper currency "filchet
lfom neF Dy private lhulVluuils, Du
has mos wickedly and corruptly giveI
large part oil 1t away to National Banl
Corporations, and that it as wicked!
ard corruptly now aims 10 give the who'll
away in like manner, for the purpose o
perpetuating the public debt. | sa.
corruptly because Congress is in a grea
measure controlled by monied interest
involved in the National Banking sys
tenn and In the Government bonds Of
which the banks are based. Now, IN,
d, ar sir, trust you will excuse me 70
thus publicly addressing you. 1t is ex
tremely important TO the welfare of oU
country that the intelligent masses shoul,
understand these questions as Thoma
Jefferson appears TO have understoo
them, according to tue quotations hav
made and others that were withheld 70
want Of room. There is no clearer ex
preston extant, that [ am aware OF, q
the greenb back idea of turning publ
debt into currency by the issue of prop
erly based Treasury bills, instead q
funding it on interest. Permit me l.
subscrbe my self with sincere respect,
Yours truly,
JNo. G.. JACKSON.