Louisiana capitolian., 1880-08-21
THE GREENBAOK THEORY,
No National Banks, No Bonds.
Z WHAT THEM
WHAT THEN 7


to concede that he is cxcmplifying
the maxim of Socrates, for we believe
him to be wholly in earnest.
But the lsraclitrs arc rs sincere III
their faith as are The Christians, the
Mohammcdans, or.cven the idolutcls,
and with all of these, equally certain
that theirs is the true faith, where
is the unprcjudiced man who can say:
there is the truthy
So that, with as much sincerity as
Mr.. Booth, we can very properly at
vance other views and claim the same
consideration that he is entitled to
receive ut the hands Of our readers
and leave it to them to say which one
of the two champions the safest
financial and political doctrines.
Mr.. Booth tells us that we were III
error, when we informed our readers
TINT a fusion between Democrats and
| Grccnbackcrs had been agreed upon
in Maine. In reply, all VIC can say,
is, that our only source Conformation,
is the press Of the country, from
which we have read and rc-rcad this
assertion without having yet seen amy
contradiction. As he belongs TO the
Grccnback HcseIlsba0, or tho inside, If
he will permit us to call1t, OF Mo'r'"1,
he is of course in u better position to
know.
We will even, on the strength OF
his assertion, say that the fusion does
not exist.
This being the case, tic necessity
smore apparent Iorall lovers of Con.
stitutional liberty to rally around the
: banners OF Democracy, if they would
overthrow the party of hatred and
ccntraliza,on, led by Garfield and
Arthur.
As to Mr.. Weaver, whose praises
he has so well sung, we must say
that until Mr.. lidwardy's Alabam'
revelations are completely rcf'ltcd
we cannot but consider him mythin!
else than suspicious character.
Mr.. Booth complains of the Na
, tional banks and the bondholdcrs n
monopolics which arc. reducing th'
t masses to a condition Of scrvitudc, al
, most. This is " very bold assertion
I indeed.
g lis very well to advance the idc
that unlimited coinage and the iss'l
of sufficient amount Of Trcasnr.
notes, would do away with the pay
mcnt of interest on the National deb
and relieve the people Of their bur
thcns. We would that we could be
licvc that such policy might max
~ every citizen happy and rich, all Il
once.
But we can't believe it. Wh;
would follow then. The chartcrin
of free banks?
That's not wlat.it's cracked up {
be either: for have We not the exam
plc under our eyes Of the most fcrtll
" lands in Louisiana, lying idle, til
y property ofthc old Citizens Bank,
corporation though private on
which has wrought more ruin upo
. our planters than all the Nation;
" banks put together. And beside
= does not every one remember, ho
=" the free banks, would occasional
y" fail, leaving their worthless paper
." the hands of the holders. F.
" The National banks may bc ever
-: -: thing that Mr.. Booth says OF thc1
" Yet their bills are rs good as ii
bonds, and these us good as gold a,
-, silver.
Until q sure substitute can be Il
vised, it were better in our humb
/, opinion, that We should think awli
~ before VIC do away entirely with Il
. present financial system.
~ ~ Far from objccting to bonds, r
49, publican France, for instance, Ii
~ ~, issued them by the milliard, in ord
y :, to fund its debt and be enabled
maintain u currency on a specie bas
al as the circulating medium among &
people, the working classes especial
= Has Mr.. Booth forgotten the 80
spectators of Wall street, and t
gamblers in State, parochial and M
nicipal deprecated certificates OF il