Birmingham state herald., 1896-02-23
PEOPLE VS. WALL STREET The Advertisers Position Twenty
 Years Ago. WANTED GREENBACKS BAD The Old Lady Was Opposed to Wall Street, Gold and Silver and National Banks.
 Opposed to Specie Payment.

Those may bend their necks to Wall street who will; for our part we go with our people-first, last and all the time.- Montgomery Advertiser.
 It would be we'll for the Advertiser to remember that "our people"-whoever 1t may mean by that indefinite expression have as yet adopted no platform upon the financial finances" except that of the national democratic convention in 1S74.-Moble Register.
 The Advertiser is presumptuous, to say the least. It imagineS that it represents the whole people, when we assure 1t that in it's financial course it does not rep resent one-tenth part of the people in Alabama. On the other hand, as the Register well says, no platform for the party has been adopted, so far as finances are concerned, and the people have not designated their choice in con vention assembled, and until they do, the Advertiser has no right to find fault, or to hold itself up as the representative of the people, We differ widely with the Advertiser ourselves and our record will compare with any man on it's edi- torial staff as a true and tried democrat, nor do we believe we have done anything wrong. When the platform is adopted be what it may, we will adhere to it, but in the meantime we, with the Regis ter, feel that we have a right to our opin- ions. and will express them.-Tuskegee News.
 Now here is a deal of good passion wasted for Taught. So far as we are concerned the News may "bend it's neck to Wall street, if it wishes to do so- which is just what we said before. But the people, who pay the taxes and on whom the burdens of government fall, are tired of taking their financial poli- tics from Wall street; and we go with our people. We do not pretend to lead in this matter; we merely follow. In this thing the people lead. and if the News or Register do not care to Ego with them so much the worse for the Regis ter and News. Wall street is made up of money lenders; the people are bor- rowers. When money is tight Wall street reaps rich harvest; when it is plenty the people prosper. Wall streets financial politics are, therefore, diamet. rically opposed to the best interests of the people. ''The wayfaring man. we thought had no need to be told this yet it seems that on this very subject one at least of our state exchanges "dlf- fers, widely with the Advertiser'' An other knows something of national democratic convention of 1S14, whereas no such convention was held that year. unless it was held con clavis.
 And now what is the nature of this case of Wall street vs. the people?. It is easily stated, and in few words: Tn
  scarce and that high rates of interest may prevail Wall street, backed by the radical press and few democratic news papers. demands that specie payments shall be resumed after January l, 1873. To which the people respond that they, too, are in favor of the early resumption of specie payments (vide democratic platform of 1S72), but that resumption should not be forced until such time as the business interests of the country will not be prostrated by 1t. If this can be done instanter they say let specie pay ments be resumed instanter. If mot, then wait until it can be done. Again; Wall street says that not less than l0,- GOO good and loyal people of the United States are making comfortable ltvingS out of the rest of the people by means of the national bank system, for which reason the said Wall street desires to see the greenback retired from circula- tion in order to make room for lO,0OO oth- CT good and loyal people to double the number of national banks and fasten themselves like leeches on the body po- litic To which the people respond that they are tired of supporting the 10000 good and loyal bankers, the more so that the greenback demonstrates the possibil-
 ty of securing a better currency without the necessity of supporting and enriching a single banker. Wherefore they ask that Wall streets proposition be revers- ed and that the national currency be made to give place to the greenback.
 This, in plain phrase and without tech nicality is the issue. now joined by and between Wall street represented and backed as aforesaid and the people; and hence 1t was that we said what we now desire to repeat with yet more emphasis: Those may bend the neck to Wall street who will. for our part, we go with our people-frst. last and all the time. There is nothing Indefinite" in that Montgomery Advertiser, Dec. %, 1875.