Arizona silver belt., 1886-12-11
Saturday, December II, 1886.
rHE NATIONAL BANK MUST CO

naturally cause lhNHNtols 10 Iuoh ttSN-
where for lucrative returns. Second
ly, 1t promotes commercial enterprise
es, the extension of commerce by open
ing up new avenues Of trade by ralI
and otherwise.
A large surplus in the TreaSury
renders the government independent
of capitalists and places her where she
naturally belongs, an aid to financial
transactions and the commercial bust
ness of the people Of the United States
The necessity Of tho government be-
coming a borrower arose from ITS
Strengthened circumstances in 1861, at
the beginning of the conflict between
the North and South, when the State
banks were the only fiscal agents of
the people, and the then existing cir.
culation depended on the laws Of thir-
ty-fOur States.
MIR, Lincoln. soon after his iuduc-
ton to office, comprehending the situ.
ahon and recognizing the necessary
large outlay of money to preserve the
integrity of the States, invoked the
counsel of Col. Dick Taylor, leading
Democrat Of Springfield, Illinois, of
which the following letter from Mr..
Lincoln to My dear Col. Dick" is an
acknowledgment: "You had always
been friendly to me, and when troub-
lous times fell on US and my should,
ers, though broad and willing, were
weary and myself surrounded by suoh
people that knew not whom TO trust,
then | said IN my extremity, I will
send for Col, Taylor; he will know
what to do / think it was in Janu-
airy, 1862, on or about the 10th that |
did so. You came, aud said to you,
What can we do?' Said you: Why,
issue treasury notes bearing no inter
est, printed on the best banking paper.
Issue enough to pay off the army ex-
penses and declare it legal tender.
Chase thought it q hazardous thing,
but we finally accomplished it, and
gave to the people Of this Republic the
greatest blessing they ever had-their
own paper to pay their own debts, 1t
is due to you, the father of the pres
ent gresnback, that the people know
it. take pleasure in making it
known. How many times have /
laughed at your telling me plainly
that | was too lazy to be anything but
a lawyer. Yours truly,
A. LINCOLN, President"
For the redemption OF the green /
backs a funding bill became law, and I
as a further adjunct for the redemp- .
ton Of that currency, the National (
bank system was created, and now 1t I
behoOYes the people of the United I
States to get rid of the National bank /
notes, with a view Of forming an cx-
elusive basis Of gold and silver, which .
can be done by retiring bonds as fast
As they become due, and, if necessary,
issue gold and silver certificates, re-
spectiyely as representatives Of gold
and silver, as received by the L. S.
Treasury, redeemable at sight in coin,
or received in payment for govern
ment dues of every kind and nature
whatsoever.
The increasing product of SILVER can
not be overlooked. The product Of
the SILVER mines of the United States
Is S5O,OO0,0OO, exceeding in value by d
Sl0,O00,000 the tobacco crop, and only
S2,000,000 less than tho barley, rye
and buckwheat cropsi and because of
the increasing silver industry and its
necessity in the ramifcations of trade
it will not do to permit it being legis- I
lated against for no other reason than
to cater to the interests of mono-met. ]
ailsts, who make merchandise of silver !
coin. The Democratic platform Of s
1884 declares for "honest.money, the
gold and silver coinage of the consti-
tuition The Republican platform of
the same year favorS bi-metalism, IA
gold and silver standard Thus it
seems that both Of the great political
parties are in accord upon gold and !
silver as a circulating medium and
yet we see our President favuring the
single standard of gold through the :
influence of the monied power, the l
National banks, TO the detriment of
the welfare Of the people at large. :
Recognizing those banks so potent for :
evil, we would withdraw their founda- /
tion, by the redemption of the bonds. :
as fast as possible, thus forcing them '
into liquidation and creating neces- J
sity for gold and silver certificates.
The defective feature Of the Nation I
al bank system is that it requires the
of the National debt as
-he basis Of its existence, which is in
mcal to the spirit OF our republican ,
Institutions, and for that reason new =
system OF finance is likely to prevail.
Quoting Daniel Webster's words, c
Gold and silver currency is the law