Southern standard. (McMinnville, Tenn.) 1879-current, 1881-10-29

PbVPS' ava e'N w ~
some facts.
l have great respect for your opinion
about some things, but any one is lia-
BILE to make blunder about matter
he. has not investigated. The fling you
make at the financial position Of the
new party is very ungraCiOus. The
Treasury notes put in circulation during
the war were dishOnored in their very
creation by not being made full legal
tender. They did not have all the at
tributes of money. There never was
a full legal tender treasury note issued
by the government but what was more |
than the peer Of coin. National bank |
paper is not redeemable in coin. 1t is
based upon the bonds of the govern
ment. The government is alone resOn'
sible for the paper. Why not have
the government to issue the paper d.
rectly and not turn over the issuance
to private partiesH The volume of
money necessary can be more perma-
nently fixed if issued by the govern
ment than if issued by the banke. The
banks can contract the circulation at
pleasure, which they have more than
once threatened to do.
We have fifty millions of people,
vast extent of territory, immense pro-
auctions and commercial transportation
beyond computation, and 1t is remark
able that this great government pro-
poses to furnish money to carry on this
wonderful business through private in
dividuals. l wish you would look into
the matter a little SO rs to avoid rehec.
tions for the want of information.
II the treasury notes in circulation
at the close Of the war had been made
full legal tenders aud let alone we
would have paid our debt without q
murmur. We paid the interest fol
several years when we had less to ex
change for money than ever before
Our people never complained till tn,
contraction of the circulation reducet
to actual necessity. The people of on
State are not responsible for the fnan
cial condition. That responsibility,
rests upon the shoulders of the two oil
u parties. Specie basis, bank issues an
great monopolies are Pandora's bOxe
:, from which all financial troubles flow
P Money is the greatest factor known
= man, but very few people can undel
9 form the government, and il they wi
u inform themselves in relation to III
! important matters they can have thel
any way they will. The truth is, th
tail ways the dog, and the people 81
l. content to look to the men who wal
places for information and very few
J. the men who want places know an
more than the people. 1t is a frst-cla
e case of the blind leading the blind.
My financial views are public pro-
erty, and you make filings at them, an
= now | would like to have your view
" upon the subject. / never have mad
neutrality-suspicious. the State debt an
" do not intend to do so now. So fl
as know the 1908 is not satisfactor
., to any one. This puts us all togeth,
. upon that question, and there is I
quarrel about it. Nobody expect,
the debt to be settled at more tbs
;" 50-4. The holders of the bonds adm
large war equities against them, an
~ now we have large equities again
them in consequence of the worst fina
;" cial management this side of Hade
So | think we can come tOoeth,
and settle the matter Let every di
- trict instruct its member for 50-4 or f
any figure below that, and then let Il
~ Legislature meet in compromise spir
. and the matter can be settled. L
u the the settlement be peremptory al
~ a time set at which all bonds shall
funded or barred. All this talk abo
" formality, courtesy and State pri
: must be ignored or the debt uuesti
~ will be bunch of thorns for years
come. Very respectfully, ETC.,
" p. G. lsBELL.
Was Garfield an AgnOStic 4?