Weekly Chillicothe crisis., 1885-05-21
The residents Opportunity.

American tN.lD
With Secretary of the Treasury and
a Treasurer eager TO do his will, Uncle
Sans cash all counted and found TO
he correct, and with everything to gain
for his party and his country by expos
ing the falschoods and avoiding the
false theories and evil practices Of his
Republican predecessors, President
Cleveland has before him plain road
and rare opportunities for good.
Let him act upon the vital truth that
it is industry and not the intrinsic worth
of money used that makes nations rich
and prosperous, and that it is his duty
TO promote industry instead of money
| Juggling. 1t is for him to brush aside
the financial miStS raised by the dclus.
i've theories of the money changers, and
from his exalted position proclaim TO
the nation the eternal truth, that so far
as any monetary system of kind of
money promotes general and steady in
dustry and inSureS just compensation
to the worker,it is good, while any kind
OF money or monetary system that
tends TO make industry spaSmodic or to
render Il Just compensation for it un-
certain, is bad-wretchcdly dcmoraliz-
lng in every sense Of the term, and in
its very essence, bad.
Let him, as the chosen guardian of
the peoples interests, make known to
them the yitally important truth that of
the 1916, ,OOO,O 900 of grccnbacks outstan-
ding millions of dollars are in use in
Canada. That greenbacks are plentiful
in the Bermuda Islands, and are fa-
yorite money and extensively used in
Mexico and Cuba, commanding in the
latter Il mOnstrous premium over any
other money, whether of gold orpaper.
Let him also state the important truth
that many millions of dollars of green
backs referred to in Treasury reports
as sin the hands OF the people," have
been totally destroyed or lost, and that
there is no reason to believe that out
side of the treasury there exists within
the United States so much as two hun
dred millions of dollars of all that have
been issued.
Let him call attention to the fact that
millions of dollars of natoual bank
notes reported as in the hands of the
people, have also been destroyed, and
that while Treasury reports state that
there is more than 500, 100000 of gold
coin in the United States, that outside
of the Treasury and bank vaults it is Il
very scarce article-in fact, only Just
enough Of it to present n rapidly van
ishing, dissolvinG view,
Let him set forth the truth that there
is in the country, available for use, but
little more money than is required by
the gamblers in stocks, grain and pro
visions. That while in Wall street il is
loaned on call, very cheap,upon collat-
erals that can be converted into cash
within five minutes at any time during
business hours, il is so scarce and diill-
cult TO get in the country, that prudent
men are afraid to borrow lest they shall
be unable to pay, and that mon
cy lenders are afraid to lend lest they
be unable to collect when due.
Let him warn the people that the
available volume of money in the coun-
try IS not sufficient to sustain the nee
essary credits in vigorously carrying
forward the business of the country.
That relying upon metallic money is
trusting to accident and luck for the
finding of the needed metal, in the case
of silver, with nm absolute certainty that
the supply will always be uncertain
and ftful, That as to gold, trusting in
that,is to rest our hopes upon dwind-
ling supply of it, and place ourselves
wholly Mt the mercy of selfish, ,merciless
spectators and the accidents of foreign
trade. That bank issues cannot be de-