Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1895-01-30
MAKE THE NATIONAL BANKS REDEEM
THEIR NOTES.
kansas Commoner.l

Charles L. Haven of Boston, Mass,
proposes a scheme for the retiring of
bank notes.
Seeing that banks are so anxious to
retire government paper money and
substitute bank paper for their own
private gain, he proposes to break the
bank power by making the banks re-
deem their notes, and retire them, and
in thls manner fight the devil with fire.
We would suggest also that as
national bank notes are not legal
tender for debts, that the friends of
government issues refuse to take them
in payment of debt, but insist upon
having honest money.
Mr.. Haven writes as follows:
Mr.. Editor: The national banks
have been and are continually with.
drawing gold from the treasury, by
rendering so called coin certificates or
treasury notes and demanding the gold
in exchange.
The shifting of this metal from the
banks back to the treasury, only to be
again withdrawn when the latter de-
sire an issue OF bonds by the govern
ment, may be successfully repeated
without limit, unless the people take
up line of action in self defense,
which will be effective in calling halt
to such unpatriotic and dishOnorable
inanciering.
a ~
banks have set III circulation among
the people $207 ,OOO, 900 of their own
national bank bills, while sorting and
keeping out Of circulation these treas
ury or coin notes for the above indi-
Gated purpose of exchanging them for
gold, that the people who believe in
protecting the government-l e. them
selves, from the nefarious practice of
sorting the currency for the illegiti-
mate purpose of draining the treasury
gold, do tender to the banks at their
earliest convenience In exchange for
legal TENDER" any national bank bill
coming within their possession before
using the same.
And, further, believing that the peo-
pie of these United States have but
this one weapon left at their command
by which they can successfully resist
or seek redress from the injustice and
imposition practiced upon them by the
national banks, we therefore urge all
who believe in the government issue
OF money direct to the people to act IN
dividually and collectively, If possible
to further the above movement.
/. Tender every national bank bill
direct to the banks instead of passing
it on and thus keeping it in circula
ton.
2. Buy every national bank bill
found in circulation amongst friend.
or business associates, and tender thes,
also 20 the bank.
3. Urge every friend and business
associate to do likewise.
The law compels every national banl
to redeem its own notes, as well a
those OF all other national banks, il
government legal tender" money; anC
the inevitable result would be to fore,
the national bank bill out of circula
ton into the banks, while the tall
about the retirement of the nationa
currency to make place for bank bill,
would soon cease.
The banks would either desis
through discretion from looting tn,
treasury of its gold or be forced to stoy
their operations through lack of thu
kinds of bills Treasury notes and lega
tenderl necessary to continue this meta
rious scheme; while the government
illegal tender" received in exchang
would take the place of the hationa
bank billin general circulation amonI
the people, where it could not be useC
by designing bankers to draw golt
from the treasury.
BY the gradual operation of this com
bined action on the part OF all believ
ers Ia the government issue of money
a more perfect condemnation of tn
schemes of national bankers will be Ell
fected. than could possibly be enacte,
by law or resolution; and in time, tn
only outstanding circulation would b.
The government illegal tender" Will
the dIscredit thus thrown upon the ma
tIonal bank bill, would compel its with
drawal from the circulating medium 0
the country.
A more thoroughly practical and Ell
fective solution of the currency cues
ton for and by the people, than woul
result from such action, could not
devised in the interest of an homes
money issued by the government.
CHARLES e. HAVEN.