Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1886-02-19
THE THIRD STEP
or the Governmcn, Robbers.

and also the leaders pf the Republicans and
Democratic parties ihct every man OF tdhem
but six voted for the resolution. The
bankers were following the plan OF Niche
las Bid'lle, making money scarce 80 il
would buy more. The pnrchn-ing pswer
of the almighty dollar must be increased,
So just M soon as the banks Jn,lna got
into the treasury department he pot forth
ercd hedrd OF the syndicate. II rung like
a death warrant throughout the length
and breadth of our land.
On the 24th OF Descmber, 1865, in his
report to Congress, lie said "Ihe first
thing TO be done il to establish n pplicy
of contraction" A: that tmv he had of
all kinds Of circulating medium, $780,
$40, and we hai Of bonds registered
that could be msed M banking securities,
SS0S,549 ,43. As tie way for getting
bonds cheap by d.preciating The green
backs had been established by law the
Highway of robbery was elorified md MS
the banking system was TO rest on bonds
had also hsen established by law the next
step was to prepare way to make more.
TO do this they seated banker in the
chair of the treasury to devise the means
to accomplish the wish of his employers
the money power. Hugh McColloch was
the man fixed upon as the money man of
the money changers of Wall Street, New
York, Change Alley on The Thames, and
Hamburg on the Rhine. No more did the
specie changer OF our time make mistake
selecting Hugh Mccullough, liun the
people of eighteen hundred years ago in
choosing Judas when Christ was TO he
betrayed. He came, lie saw, lie conquered.
Now listen:
"Thas The legal tender acls were measures
passed in great emergency; that they
should be regarded only as temporary
that they ought not remain in force day
longer than would he necessary to enable
the people to prepare Tor return TO the
GOLD STANDARD, and that the work. OF re-
tirlng the notes which have been iss.,ed
should be commenced without delay and
carefully anttpersistenlg continued until
all are retired"
Here is the first forced march to a gold
standard, land that this mighty power knew
their strength, IS proven by the fact that
this recommendation was made OH the 4tl
of December, 1865, and on The 18th of til,
same month Congress passed the following
resolution:
Resolred-That this house cordially concurs ii
the view oil the Secretary of the Treasury in re
lation to the necessity OF contracting of the cur
rency with the view to as early II resumption u
specie payment us the business interest OF tn
country VIII permit and we hereby pledge Gu
s, 2O2.
Only six men voted against it-a golt
standard. So ut this early day the none,
power controlled Congress almost 10
man, as an expert engineer conlr,lls hi
engine. In the language of distinguish
ed Senator, "here Satan entered our Eden,
"The fact that means have been raised with
ont foreign toans to meet the expenses of II pre-
trncted and costly war, is evidence of the grcu
resources OF the country. The public debt ,
the United States represents a portion Of the AZ
cumulated wealth oil the cocntry. While it
the debt of the nation, 1t becomes the capital {
the citizens. All have invested in it-notwitl
standing more than 81, 900. 100000 of the neal
OF the people of the United States have bee
loaned. No branch of useful industry has su
ieIed by the investment nf"-McCulloch, De-
| 4th, 1865.
These Secret enemies OF the govern
ment," as Secretary Fressendon calle
them, intended to reap rich harvest o
the sweat aud toll of labor. They wer
agents of the money power. They intend
ed to double the purchasing power OF tLei
money by the mode described by the grea
banker, Nicholas Biddle, VIE: "Contru
The polume "f money and double The puchasin
poper Of the dollar requiring double the amou,
Of produce and -four to payu debt"
Men on both sides of the Atlantic wer
parties TO this conspiracy. McCulloc
further said:
at will be observed that / favor the cntir
withdrawal and eXtinguishment oi the grcci
back. desire the Federal Government TO gt
out OF and abandon forever aud us soon possibl
this whole business of creating and issuin
paper money to be redeemablc or irredeen
able."-R. Dec. 4, 1861
David A Wells, who never in the Who'll
of hls life wrote or spoke word who'll
in the interest Of capitalists and ugains
labor, said:
"Discard all methods would adopt what ma
be called the cremation process, or would huv
en)oined on the Secretary OF the Treasury to dl
stroy by burning. on given day OF each week
commencing at the earliest practical moment,
certain amount of legal tender notes, fixing til
II, 100.
The first reason for making war upol
the greenback, was because il could not b
exchanged or converted into $50 bonds
The law authorizing the funding at pa
had been repealed on July lat, 1868.
But all the other circulating mediums
certificates, compound interest notes, tn
7-3O, all that were convertible into 5-2C
to run twenty years at the option Of the gov
ernment. Capitalists held these dilleren
kinds OF circulating mediums, and having
secured u law authorizing the contraction
OF the currency they made the fight ugains
the dollar that was in their way. Will
the exception Of the gieenbscks all oihe
circulations were funded into interest. bear
ing bonds, deprIving the business of III,
country OF that amount of currency, an,
then taxing the country TO pay interest ol
these bonds.
This was an anti-American policy. l
was drafted after England's policy b,
which England robbed her people in order
to establish a landed arislocracy for wher
the Peal bill was introduced in 1919 and
became law Tor graded contraction o
the currency, England had $1,000 land
owners, and when she finally resumed spe-
Gle payment in 1928, Great Britain had
81, 900 land owners only.
John Sherman, before he was male
Secretary, thus said:
II wish to show that we are governed I'm a
great measure by example that the proponItion
made by the committee on finance II In exacl
accordance with the course that was pursued I'M
England from 1919 to ls23-."C. q TT Is67.s