Weekly Chillicothe crisis. (Chillicothe, Livingston Co., Mo.) 1878-19??, 1881-04-07
Hurrah for Highwaymen.

lOT lIlt DllIINlSt Ol ItCtDllOIl, uIt lllSl
now endeavoring to appease the indig-
nation of the people against the nation
al banks by claiming that during the
war they rendered very great assistance
to the government. Harper's Weekly,
from which nothing can be expected,
for instance. pictorally represents the
banks as the faithful mastiff of the
United States treasury during the war.
1t goes so far as to represent this ma
tional bank opposition as born of a
"copperhead" spirit of revenge against
the banks on account of the aid which
they rendered the government.
One would suppose from the tone of
these NEWSPAPERS. that the national
banks constituted the one strong staff
upon which the government leaned dur
inc the war.
They would have the people believe
that without the patriotic aid of these
institutions, the government would
scarcely have pulled through the war
successfully.
The facts in the Gaze, however, fall
SO far short of warranting such need
of praise that mere exposition ought
to make even a national bank organ
hang its head for very shame.
Now for the facts.
February %. 1868, two years near
ly after the war commenced) the law
authorizing the national banks was
passed.
Notwithstanding the dire distress of
the country during that critical year of
1868. these patriotic institutions raj
lied to the aid Of the government to the
alarming extent of taking bonds enough
to issue $3O,1l5 of national bank cur
rency.
Just think of it! Thirty thousand,
one hundred and fifteen dollars.
Give them Il banner with $50, lis"
inscribed thereon for the work which
they did in 1868!
And now of lS6i-thc last year sub
stantially of the war,
The average price of gold for the
wear 1864 was 2O3,3
l Y
During that year these self-sacriicing
loyal supporters of the government sold
gold at 263.3 and bought bonds enobgh
to take out $GG. 769375 of circulation.
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ny col'llouillIiS lnLeleSU ne vi l'iell !
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low eSIIlliale 10 pun lne Iatc vi lilter-
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$4,000 uS'Ilr'' llI'n interest oll
c'lcl.l"t'o''' anu we IIIli 'I,aC iot one
year Ih'o'"e 'lcF re"''"eu Slo'o'-'-
o','o'' ,,,,o,
| jbnS9 on an original investment OF