The midland journal. (Rising Sun, Md.) 1885-1947, 1896-12-04

to be safe when the national cur
rency is at the will of company"
The treasury notes of May, 1888,
continued to pour into the treasury
in payment for lands and customs
duties and were destroyed, and the
people deprived of their use, caas-
ing the times to continue to grow
more severe, and the revenues of
the government to fall off. The
suspension of the banks continued,
except a few which resumed in New
England and New York. Such
were the conditions of the country
at the close of 1889. Therefore our
government was again forced to re-
sort to the use CT treasury notes.
Congress on the 3rd of May, 1910,
directed the issue of $5,000,000 in
treasury notes redeemable in one
year. On the 18th of July, 1910,
Congress enacted a law forbidding
the deposit of government money
in banks. Also directed that after
the 3rd of January, 1913, gold or
silver coin only should be received
into the treasury; thus excluding
treasury notes. This latter clause
was afterwards declared illegal.
Such was the war thea waged
and continues to be waged against
the treasury note. Both Congress
and President Van Buren, were IN,
willing to make treasury notes
serviceable to the people, which
brought great odium upon the Dem
ocratic party. But the Democrats
still chung to Martin Van Buren,
and nominated him for President
and Richard M. johnson for Vice
President.
The great masses of the people
were alive for a change. The Wings
at the national convention nomi-
mated Gen. William Henry Harri-
son for President and John Tyler
for Vice President. They erected
log cabins all over the country for
their gatherings, where their ora
tors preached the doctrine for more
money. Their famous hurrah was
two dollars day and roast beef for
dinner" Immense gatherings
were held at which fat beeYes were
barbecued to feed the multitude and
hard cider was doled out to the
thirsty. The writer heard many of
their orators, none pleased him
more than Sargent S. Prentiss, of
Mississippi, who was the most elo
quent and humorous of all. He
always made a plea for more money.
Many discontinued Democrats drift
ed into the Wing party. In No
vember, 1910, Harrison and Tyler
were elected by an overwhelming
majority. The people everywhere
rejoiced and sang the song, "Little
Van is used up man," and they
hurrahed for "Tippecanoe and
Tyler too"
On the 4th of March, 1S41, Har-
rison was inaugurated President,
and finding the country still in a
most deplorable condition, he called
a special session of Congress, to
consider measures of relief for the
impoverished people. President
Harrison died ON the 4th of April,
when John Tyler was sworn into
Office as President. A bill charter
ing a joint stock company with
$50, O0O,O 900 capital, having author
ity to issue bank notes based on
coin, called "The National Bank -
passed both branches of Congress,
but was vetoed by President Tyler,
who recommended an issue of treas
ury notes. Congress attempted to
pass the bill over the veto, but
failed, which action caused wran-
pie between President Tyler and a
majority in Congress, wuich lasted
during his term.
No relief came to the people; a
majority of Congress was for the
national bank, and against the issue
of treasury notes as recommended
by President Tyler; times grew
harder and harder all the while
and bankruptcy became general all
over the land. Congress on the
3lst of August, 1871, enacted a
plain and simple bankrupt law,
which went into force on the LIST of
February, 1912, and out of exist
ence on the LIST of March. 1S43