The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1896-05-19
It will be remembered that President

0AU OoIO16 u6 O6C6n6 1E6SlQenC, nFmlY
supported the administration of Gen
eral Andrew Jackson, and voted against
re chartering the United States Bank.
And when Mr.. Tyler became President.
he, (unlike Grover Cleveland Of u
day., refused to become the slave of
concentrated wealth which then, as
now, clamoTed for national banks, and
control OF the pe0ples's currency. His
tory tolls Us that President William
Henry Harrison, (1otour Ben Of Force
Bill" ~notorie5y, but BINS grandfather,
the hero of ~"TippecBnoe," whom our
Wing ancestors loved to honor, soon
after his inauguration, when the times
were flar C ally cut of pint, issued a
proclamation, C~Onvening Compression
an extra session On the 3Ist OF May,
1871, to consider "sundTy weighty and
important matters, chiefly growing
out Of the state Of rev nue. and finance
of the country" But President VIII
liam Henry Harrison did not live to
submit his remedial plans-dying after
a brief illness on the / h day of April,
1871, exactly Il month after coming
into cfh3e, and President Tgler being
then the Vice President, succeeded
him. Congress met in extra SCI sion on
May 3lst, 1871, and continued in ges
sion until the 18Th Of September. On
July 27yh, a bill for the establishment
of the Fiscal Bank Of the United
65atea, " passed the Senate by a vote of
20 10 %. and was ~concurred in by the
House of representatives. on the Oh
of AUguet by a vote OF 128 10 81. Presi-
dent t. Ter, however, vetoed the bill,
! and it was lost for want Of a COnstitu
tional mHj rity. But the friends Of a
national bank were not to be deferred
from yhoir purpose by a single repulse;
another bill, (a0out the same in sub
~stance), was Immediately hurried
| through both Houses, under the title
of The Fiscal Corporation of the
United States" and this also shared
the fate of its predecessor, and failed
to become a law on account Of Presi
dent Tyler's veto"
So, it occurred that the friends Of a ma
tional bank system of finance failed in
184l to carry out their scheme of fnan
cial relief, which if adopted, would no
doubt have produced about the same
''reIief' which we now en- Joy in our
day under the ''reIief'' of the hundreds,
and even thousands of national banks
scattered over the United States, and
controlling and manipulating cur cur.
rency. l believe we have to day some
thing over three thousand national
banks left, and in operation since the
Bankers panic Of 1898. How did
the people during President Tyler's ad
ministration get fl 1ancial relief? His
tory tells us that when the same scheme
of the bankers failed, by eason Of
President Tyler's veto, then Congress
did the wise and patriotic thing in
passing the above cited act in relation
to making legal tenders Of foreign gold
and silver coine, and allowing them to
circulate in the United States as debt
paying money. And as before stated,
president Tyler approved this act of
Congress on March Sd, 1913, and it
was the law, and the people were happy
and prosperous under it for years and
years thereafter. To day, Congress re-
fuses to pass a free coinage law, and
will not only not allow foreign silver
coin to become legal tender in the pay
ment of debts, but Congress will not
even allow silver "Trade Dollars
which were coined and issued by our
own government to become legal teuder
in the payment of debts. And yet, we
hear ignorant goldbugs, who ought to
know better, pirate about government
credit" back of every coin; that every
dollar should be as good as every other
dollar, honest money" end such like
expressions. Is it not time for the
States to walk up and begin to exerciee
their Constitutional reserved rights of
making eli gold and silver coins of the
United States Gncluding Ira Dol
lars') and foreign gold ard silver coins
too, legal tender in the payment of all
debts within the State, both public and
private2 Would that we had one term,
or one month, OF even one week or a
day Of g man like Andrew Jackson or
John Tyler in the White House at
Washington. When John Tyler stood
up for the people against the money
power in his day, he incurred the ever
lasting hatred Of the money power,
just as patriots who stand by the peo-