Weekly Chillicothe crisis. (Chillicothe, Livingston Co., Mo.) 1878-19??, 1881-03-24
The Rag Baby Triumphant.

Chicago Sentinel
Had Weaver been elected last No
vember and this week inaugurated
president of the United States instead
of Garfield, it would not have been a
more complete vindication of the teach
ings of the Greenback party, than have
been the experiences of the last ten
days.
The national banks, enraged at the
action of congress concerning the pass
age of the Funding bill, sought, either
to enforce Il modification of the bill or
to retaliate upon the country, by with
drawing its circulation.
With all the impudence and arldacity
of imperialism they openly declared to
congress and the country that if the
Funding bill was not passed in Il shape
to suit them, they would bring ruin
and disaster upon the people such as
has not been witnessed since the origin
of the government, not excepting even
the terrible days of 1877 TO 1873.
Their action was as dastardlya and in
famous as is that of the highwayman
who makes the benighted traveller hand
over his pocket,book at the muzzle of a
pistol.
They might as well have marched a
brigade of troops to Washington and at
the point of the bayonet demanded such
legislation as they saw fit as to take the
course they did.
To demonstrate that they meant
what they said, and that they intended
to rule or ruin, in less than three days
they withdrew not less than $lS,OOO,-
600 of their circulation.
With vice-like grip they crushed
the merchants, manufacturers and
Stockholders of New York and other
places, as easily and relcntlessly as Il
giant could crush an egg.
"We now have an organization that
can make itself felt in forty-eight
hours" insolently boasted the secretary
of the Bankers Association few
years ago!
Last weeks experiences demonstrated
that it was no idle boast.
Driven to the wall, the panic strick-
en- people eagerly sought for relief.
With ruin staring them in the face,
they cried out for n savior
Instinctively and confidently they
reached out their hands to the Rag
Baby?
Let Sherman issue treasury notes
in place of the national bank circula-
ton, said the Chicago lnter-Occan-
always friendly to greenbacks, or at
least as friendly as a pur-blind parti-
san can be.
Let congress authorize the issue Of
greenbacks to the full extent of the
law, $400,0O0,000 says the Chicago
Tribune-although that journal has
been the most willful and malicious of
all in its abuse and misrepresentation
of the Greenbackers.
Let the government take the control
of the currency into his own hands,
issue greenbacks and abolish national
banks, says the New York Sun-a
journal that a few weeks ago, laudcd
the national banks, declared that the
government should "get out of the
banking business by retiring the
greenbacks.
The national banks have succeeded in
creating such hostility to themselves al
ready that cOol-headed public menthink
it not unlikely that movement in the
direction of their abolition would be
by no means unpopular, says the Chi
cago Times--that hitherto most faith
full of all western journals in its devo-
tion to the banking institutions,
Owing to the action of the national
banks the Greenbackers will have ev-
erything their own way hereafter, said
to us a prominent lawyer and ashrcwd
politician the other day on the street.
"You may count me as a Green
hacker hereafter, said to us one of the
leading merchants yesterday only
last summer this same man contributed
5000 towards defraying the expenses
of the Republican national convention,
and was strong supporter Of Grant
On every hand one hears bitter de
nunciation of the national banks, from
men who have been heretofore their
strong supporters.
The national banks must 90 is the
determined cry from every section.
What, we ask, must take the place
of the bank notes?
Not the old "wildcat' money?
mol
Not gold and silver exclusively?
No! Silver is too cumbersome, and
gold is too scarce.
What then?
Greenbacks lis the universal response.
Thus does the Rag Baby triumph
Send up shout after shout, oh fellow
Greenbackers, for the glorious vindica.
tion of our principles.
Rend the air with your patriotic
cheers, for the clouds are breaking and
the sun is beginning to shine!
Now, of all times, is the time to
work.
Gird on your armor anew, and once
more put your shoulder to the wheel.
Sow the seed and spread the light