Weekly Chillicothe crisis. (Chillicothe, Livingston Co., Mo.) 1878-19??, 1883-05-17


llh q family to support, serving
puniry at Sl3 per month, there
splendid show for an ordinary
+ 10 aeep' his grccnbacks or 10
ST. llnm in bOndsl The men
kept the grecnbacks and Gin
e. them in bonds were the coward
uks who stayed at home and got
%, jJ cents on The dollar in gold.
, however, q rare thing to find
w GI hands. They have been
g,in and again at increasing
pn the faith that the nation
lr gold for the principal Of the
20 vas bound to do for the in
;bo only thing that keeps
ni9 from falling some eighteen
row is faith In the honor of
tod States, and whoever wants
down that faith is the enemy
uutry. 1t may be urged that
rigners would suffer by this
'aith, but u very large
the bonds are held by
rs and by savings banks,
nks, lie insurance com.
nI trust companies, The un-
rnrhaps necessary measure of
leemnble greenbacks as
a,r robbed all creditors of a
70 If their due, but that would
manGcd now by robbing all
a a similar amount, seeing
unl3Ons are not the same" "
'c not In whose bands these
iound; the present owners o
legally presumed TO know the
ldcr which they were issued.
lcgslly presumed to know that
re payable originally in green
' then corruPtly made payable
that the shylock contract
iliillcd to the letter, notwith-
he fact that the pound of flesh
demanded from next the very
taa nation! In all probability
ret will he carried out till the
I'd is paid in full in gold-and
10 doubt to some extent. ac-
g. he high price of tie bonds,
fact that they are uNlaxable
q. ugy can be used rs 4 basis for
'ul bank money adds muChmore
.luc. The contract will be
because scOundrcls are in
~ of the government and will
main in possession till it will be
" remedy matters. Our only
the cnOrmity of the bond
" be shown up so that fu-
r.I ations may avoid falling into
a-." rrrOrs.
, J.A' mony of The Witness closes
Z lowing;
re truth seeker may not re-
.r NV earnestly Horace Greeley
rN I'll true Americans TO invest
ollar in national bonds when
uld scarcely be obtained TO
1ldiers or buy food and cloth
" IN and other supplies needed
ne union, and how pa,riotical-
n eth" nv""rln "f i,',."s,irt,
..t liSposablo means in that
lie paid for the bonds
backs, as did all others, and
,.. was marching on Washing
Fn Getty ysburg, it was an even
. w ether the confederate bonds
ne out TO be worth their face
10 worth nothing, and it was |
Inr with the union bonds. Those .
ought either did it at Il great .
g1 the greater part Of investors |
i My have given the money at .
-'. the expectation that il the |
nqucrcd they would make n
lroft. 1t was only for short
wever, that the extreme de-
iul lasted, and take the war from
90 4st the bonds were issued for
backs when these were probably
lout twO-thirdS of their face in
un the average; or, in other words,
in gold would buy $3.50 in bonds.
nat rate soldiers were paid or the
70 in dollars worth GGi cents in
instead of 4j, as stated by our
spOndent, and the pay was, in
reliability, made one third more
oenbackS than it would have been
in gold, in which they lost moth
The soldiers did nobly, and de-
all credit, but those who loaned
money where there was so much
# loss did nobly also, and deserve
dealt with honorably."
IS last paragraph is little else than
ngy upon the patriotism" of the
holders, who invested their money
the expectation that they "woulu
a great profit" without which
.tation they would not have in-
Il their money at all.
Iat a magnificent standard OF pa
SIN this is to be sure! 1t may do
he Witness stripe Of men, but 1t
lot the sort that sustained the old
,rs or that actuated the hearts Of
evolutionists in l776!
e Witness tries by an ingenious
figures to show that the soldiers
paid at about gold rates after
1t is true that in 1868 about 20
cnt was added to the soldiers pay,
was not till after gold attained
'crage premium of 200 per cent;
lt instead of receiving 20 per cent
nee he should have had hundred
cent. But what about the two
that he had already put in at the
nal figure of $l3 per month?
body objects to dealing honorably |
wen generously with the bond
,rsp But was it honorable on their
to depreciate the credit of the gov
ent and speculate in gold in order
the bonds at enormous discounts
IS directly charged by both Chase
FessendenP
honor demand that after they |
obtained their bonds by such
ods the government should make
payable in coin instead of green
J?
honor demand that silver should |
in order that the bonds
d become payable exclusively in
es honor still demand that only |
shall be paid to bondholders3
honor demand in 1870 that the
ne of currency should be con-
od and the nation ground
Igh such a period of hard times as |
yer passed before in order that the |
1aslng power of the bonds should |
ubledp
es honor demand that the people
d pay four dollars for one Jas il
ing, counting principal and inter-
nd taking into calculation the dis
on the bonds] to the cormorants
speculated upon the necessities of
daring the terrible |