Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1886-08-03

: and particularly so when we ref. c
that the national bank paper re
after all upon the same basis o
credit as the greenback. NeitheI
would be worth the paper upor
which it is printed without tt {
credit of the United States wal
pledged either TO redeem it or e
keep it in circulation as le, al
tender.
The question has not been clear
ly answered why national banks
exist at all. If their circulation
were retired ard greenbacks draw
ing no interest substituted therefor.
the government would be re-
lleved of from twelve to fifteen
millions year. 1t is manifest that
the designs Of the national banks
In their war upon silver is to create
a necessity for more national bank
notes. Theavowed purpose is to
retire the 1916, 000.000 Of green
backs; and, of course, If they are
retired, they must be bought up
with bonds, for there is not enough
surplus in the Treasury to retire
them. These bonds will then be
dep Islted ata more na,r"n cur
rency issued. Will not such an
operation cost the government
something ahd give the bankers
something for nothing, and would
you not call that a subsidy?
Since greenbacks We're bought up
with bonds and national currency
issued on such bonds. the govern
ment has paid to the national banks
not less than $25A ,0O0N00 interest
on bonds that need never have been
issued If greenbacks had been al
lowed to remain In circulation
How can it be shown that the ma
tlonal bank currency is any better
than greenbacks, or why Congress
legislated 10 substitute national
bank currency for greenbacks when
the former Involved the payment of
twelve to fifteen millions year on
bonds issued to retire greenbacks,
while the latter drew no interest?
. In addition to the scheme to re-
tire greenbacks and substitute ma
tional bank currency therefor, the |
bankers are making this war upon
silver in order to substitute nation
al bank currency for silver also,
when they shall have denonetized |
that metal. Why not let the people |
deposit their silver IN the Treasury
and the government issue certiti |
Gates thereon. secured by the bull
ION so deposited2 1t will cost the
nothing. Silver Ger
.iicates secured by bullion will be
he peortes money, and cannot be
controlled by the national banks.
If the 2,121 national banks now in
,xistauce have already so inter
cred with the administration Of
he laws and have managed to so
the currency as to produce
Universal staenation and depres
ion in bushes, in what condition
will the countrr be if they obtain
bsolute control of its finances?
Free coinage of silver and the is-
nance of silver certificates on un-
oined bullion would be resump-
ION On the part Of Congress
f the power dele gated by the
TO coin money and
egulate the value thereof Tins
'ould relieve the people Of Wall
treet rule. and furnish them with
circulating medium which could
OF be expanded or contracted at
he option of the money brokers of
lew York. Let Congress do its
uty In this respect and the power
the New York rings to produce
Black Fridays" will be at an end.
Hard times, while we are at
eace with all the world, with no
lilure of crops, with 40 want of
iling hands to develop the re-
,urces of our great country, ought
0t to exist, and would not, but for
lie manipulation of the bond
Dlders and national banks. Ii was 8
pped that when the war vas over -
lie gold brokers Of Wall Street
I'D inflicted upon the country by
Ieir cruel manipulations of the