Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1886-01-01

on imports aed iaterest on the public
dobt.s This Hsb doubled their mo,scy
and interest and robbed the soldiers ID
| one.hnf u their pay.
Senator Wilson, afterwards Vice Prcri--
| dens, said; AS practical question Il IL
| n contest between brokers and jobbers assd
money changefe on one side and the peo-
| pie oi the Uuited States on the other.
venture TO express the opinion that ninety
nine Of every Itundred ii the loyal pee;,te
OF the United States are for the legal leu-
| der clausc.o
Shciiabarger, ef0hio said: The law
ful tender Is necessary that they may re-
tain their true vnlue a. you pass them 10
your noble soldiers In tho field and TO all
classes Of the people not engaged, az the
most persistent outside opposition to this
hill is In endeavoring to destroy the value
uf them no that ont I the blood OF their
sinking country they may bo enabled TO
coin the gains Of their infamy."
Judge Bingham said: "Not 10 make
them legal tender is 10 lay the people ut
the ieet and mercy of the bankers and
brokers'"
Thadeus Stevens, that grand old COM
moner, said: "Without the legal clause
the notes could not be kept at pnr, bank.
era would depreciate them" lie further
said.
II believe TINT no act OF this govern
ment was ever hailed with as much de-
light throughout the whole length and
breadth OF the Union, by every class OF
people, without exception, as the bill
which we passed Feb. 6. 1862, and sen, to
the SENATE. Congratulations from mer-
chants, traders, manufacturers, mechanics
and lnborers poured in upon us from all
quarters. The boards of trade from Bos-
ton, New York, Philadelphia, Cincinnati,
Louisville, st. Louis, Chicago and Mill
waukee, approved Its provisions and urged
its passage as il was. 1t ia true there was a
doleful sound came mp from the cavern of
the bullion brokers and from the solons OF
tho associated banks"
This much for the right OF banks against
the legal tender clause. They were de-
feated and fell back 10 their next position.
Who demanded the two exceptions-that
OF interest on the public debt and duties
on Imports should be paid in coin7 The
bankers. These were most unrightous be-
cause they were classed legislation, revolt
ing TO honesty. The grandest efforts and
the grandest wosd ds he ever uttered were
wrung from him in regard to these two
exceptions. lie said:
ut now creates money aud by its terms
delares it depreciated currency. 1t
makes two classes Of a,oney-one for the
bankers and brokers and another for the
people. It discrimiaatcs between the
rights OF different classes OF creditors al
lowing the rich capitalists to demand gold
and compelling the ordinary lender OF
money on individual security to receive
notes which the government had purpose
ly diAcre,iited. The bankers and their ad-
vocates in the huuse and out of il did
make this devilish demand the author ot
the bill knew all about it and affirm in
fearfal language; Yes, we had to yield;
We did not yield ill we found the bankers
had to be gratifed or the country lost"
Thndeous Stevens, after looking at the
monstrous legislation he broke out in
the sorrow OF his heart:
"When a few years hence the people
shall have been brought to bankruptcy
shall have the satisfaction of knowing that
L did all could to prevent it,"
Here is demand made by The money
power-mnde by the Just hatched aerpnnt
OF the syndicate, that if not complied with
the country shall be lost 1t was the self-
ish threat of the money class to stab to
death the Republic, unlsss the monoy sys-
tenn they dictated should be adopted.
Bowling Green, Dec. %, 'S5.