Weekly Chillicothe crisis. (Chillicothe, Livingston Co., Mo.) 1878-19??, 1881-03-31

Jue llOllS Ill Ilelr uclS, ana now w
hear them growl. Andrew jackson
said the banks cannot be relied upol
to keep the circulating medium uni
! form in amount.
|, One party has warned the county
for years that the finances, the business
the dearest interests Of the people, al
rest upon magazine penetrated will
, electric wires from 1000 natiOna
banks, which can at pleasure fill The
Eeavens with the sickening wrecks OF
American industries We have de
manded on every stump that this arc
giant, insolent monopoly which pro.
poses, like the United States bank, tC
rule or ruin the republic, shall be
abolished forever, and have submitted
many bills to the house for that pur.
pose, every one of which has been sup
pressed by the committee to which il
was referred.
When this bill was previously before
us u member who was the mouth-piecc
of the banks warned us that if we
passed it in form not satisfactory tC
them, they would contract the currency
S2O0,OOO,OOO and produce Il greater
panic than the world had ever seen.
They are displeased with the fifth sec
tion of the bill, and propose to make
good that threat and wrCak vengeance
upon their unfortunate victims, the
American people. Money, which is
the vital air of commerce, is suddenly
locked up in the United States treasury.
Fifteen to twenty millions Of dollars
have already been retired, panic and
distress result. This is but the begin
ming. The treasury ispowerlcss TO stay
the storm if they proceed.
AS the banks fiddle 50 the industries
and business of the country must dance
it may be a triumphal march, it may
be a funeral dirge-and this is the
great success" the Financial par
adise' which the policy of John Sher-
man has fastened upon the country.
Each day every business mm in the
land looks with breathless anxiety TO
read his fortune or his fate in the dis
patches from New York, telling what
the banks are doing.
History repeats itself. The same
old question that confronted Andrew
Jackson's administration cOnirOnts u.s.
Shall the people rule, or abdcate in IA
vor of the banks? Let this Sampson
be shorn of his locks Snatch from
these banks this Pandora's box Of ills,
which they empty at pleasure upon a
defenseless people, and convert para-
disc of prosperity into Il hell of bank
ruptcy and ruin.
Will this congress adjourn forever
and leave the country to the tender
mercies of an institution that has been
well likened to Victor IIugo's devil
fish? We ask for vote upon the
amendment of the gentleman from In
diana Mr.. De La Matyrl
"PrOyided, That whenever any
national banking association shall re-
tire its circulation in whole or in part
as provided by law, ii shall be the duty
of the secretary of the treasury to cause
to be issued and placed in circulation
in lawful manner, Il like amount of
legal tender treasury notes in addition
to those now in Use aS currency, and Of
the character and denominations now
authorized; and no national banking as-
sociation SO diminishing its circulation,
or which may have retired any portion
of its circulating notes since the 18th
of February, 1881, shall hereafter be
permitted to increase the amount Of its
circulating notes
This requires the secretary Of the
treasury to issue greenbaCk for every
national bank note retired. Il green.
back that will not hide at the wink Of
banker, a greenRack under the be-
nign watchful EYE of congress. The
United States senate, frightened by the
banks has cOwed and hurried to ap-
pease their ire by sending in its apOlC-
gies for having dared to vote for this
bill in a shape of bill repeating $ll,-
100000 of taxes now collected hy the
government annually from the banks.
1t remains to he seen whether the
house Of representatives can be thus
easily buldOzed. We are here to rc.
present the people. Let us do it and
protect them from the banks whose
agents to-day swarm to the capital.
The Republicans have hlibustercd
against this fifth section for two days.
They created these banks and have al
ways yielded to their wishes, and you
could no more separate the two organ
i2atiOns than you could separate the
Siamese twins. Each depends for its
existence upon the other. Each swears
by the other. | appeal to the Demo-
cratic party in this house to know
whether they are willing to 90 out of
power leaving the country in panic
because of the iniquitous national bank
act, passed by their political opponents,
without raising finger to protect the
innocent victims of bank contraction.
l ask whether the spirit of Jackson
has died out of your organization so
completely that you are willing the
dearest interests of the people should
be subject to the whims of national
banks? If so, you prove yourselves
unworthy of the trusts the people have
reposed in you.
You have to-day the greatest oppor-
tunity presented since Jackson's day to
vindicate the sovereignty of the Amer
lean people, and protect your interests
from an arrogant, insolent monopoly, |
and you sQuarely refuse to embrace it
unless you will pass this amendment. |
You have stirred up the bankers by
the fifth section, to do their worst |
against the people, and now refuse
even to consider provision that would |
absolutely protect us against them.
You have deliberately invited the fire
of the enemy, and refuse to raise
breastwork or arm a volunteer for the
common defense. Can you-dare you
invite panic; invite financial ruin to
the country, and leave the treasury
helpless to protect the people with the
peoples money!
An Eastern man, whose time must hang
heavy on his hands, and who has some
fame as microscopic writer, has surpassed
himself by writing the whole Of Hayes
last message on one side of postal card.
Io 30 hn ,NrncfIa,,t xt,b. ~, 4