The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1892-04-01
MACERATED MONEY
The Reduction Of Currency by the AID.
illustrations Of THE Republican
Party
ITO Contract the Currency, q HleneOnS
Crime Against the
People,"

While In Washington, D. c., last
spring, / Learned this fact: That the
stores and cutio shops, mostly located
OH the north side of Pennsylvania
avenue, did a regulat business in SELL
ing mementos made of maCerated
greenbacks. These stores are generally
stationery and book stores, that sell
views of WashingtOnI and consldera-
BILE trade is done in mementos made Of
destroyed greenbacks The are made
in various forms, perhaps shoe. or
grandpa's hat, and are usually labelled
with the amount Of currency value that
these greenbacks represented. We
remember one, q miniature Of the
Washington monument which was la
belled, Moderated greenbacks, 3d.
900. OOO."
The fact that retired currency Is
treated in this manner Is well anthem
ticated, and we'll known to every in
telligent person. No one but an
ignoramus would question this, and
only wil.ful liar deny the fact.
Now in the face of this, the eloquent
! (D j. r. Burton, whom the republicans
Of Kansas are bringing out for congress
man-at-large; in II speech, recently
delivered ut Leavenworth, Kas., denied
that any United States currency had
ever been destroyed, Here are his
words:
"The leaders of this new party went
about over the state bowling about
what the republicans had done, They
said there was not enough money per
capita in the country, and many dem
ocrats and many republicans believed
this statement. These leaders said
$l00,OO0,00O of money had been dc
stroyed by the republican party ava,
back in 1868 and 1869, and this wal
the cause Of the hard times The fact
Of the matter is, not dollar Of cur
rency was destroyed. What was de-
stroyed was bonds which had beer
redeemed by the government"
Now this republican prodigy (P) IL
either ignorant or mGndacious. Either
he does not know, or he lies In either
case he has the qualifications Of hi
kind.
Here are the facts. On the 10Th day
Of April, 1866, congress passed II law
authorizing the secretary Of the treas
ury to sell 6.20 bonds, and with the
proceeds retire United States currency
including greenbacks. IL will be re
membered the said Burton said-cur
rency.
On December 4, 1866, +. G. Spauld
ing. s Buffalo, N. Y. banker, and {
member Of congress wrote 10 Secretar
Mccullough at follows
you. no doubt, now, to certain
extent, have control Of the currenc.
of the country, and | think that yoI
will, of necessity, contract moderated
30 a. to preserve tollerable eas.
money market. There may be occas
onal spasms or tightness Of money
but generally shall look for plent.
Of money for at least one year T.
come"
Az that time-1866-th volume o
money In circulation amounted to 81
: 900, 687, ITO which was about $57 pc
capita OF the people. At the sugges
ton Of Secretary Hugh McCollOugl
congress had adopted u policy Of con
: traction. by the act Of Septembe
IL, 1865. entitleai ian act to retire tn
, legal tender notes." the secretary wa
} authorized to refund 10000, 900 pc
, month in United States bonds for 81
months, and s4,OOO,O0O, per mont
after that time, and by the act Of Apr
! ~. 1866 he was still further authorize
I to continue this refunding at the sam
: rate-$4. 000, 900 per month. Their
4 was thus retired about 500, 900, 600 !
i one year.
s The martyr Lincoln. had, before hi
h death, expressed his views Of the polio
: of contraction. He said!
{ "To contract the currency, after tn
: nation and the people have c0htracte
e Indebtedness on account Of the war.
r a henious crime against the people.
e That this criminal policy was dc
s liberately followed cannot be success
fully denied by anyone acqudiite
r with the financial policy Of the natio
= for the last quarter Of 4 century.
9 While in Washington l called o
$ ex-Congressman Z. j. Turner. H
r said.
i 1.-The fact is, Mr.. Stewart, that n
one, no matter how stsunch a repnbl