The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1897-08-05
CHARLES BONSALL
WRITES INTERESTINGLY OF THE
RESUMPTION ACT.
ne Thinks the People should Quit
Acting the Booby and Look at Mat
ters Carefully-A Few Com.
ments BY the Editor.


ters sCarefully-A Few Com.
ments by the Editor,
Editor News Democrat; In your issue
ot July 30 appears TIE following;
"Silver doll RS are legal tender in pay
ment of debts as much rs &, Id coin. A
greeuback is q public tebt and Is reieem-
At le 10 silver as well as gold
The first sentence of the above para
graph is entirely true but the last one Is
misleading to such vital degr'e as to
call for an explanation.
The fathers of our greeenback currency
originally intended that it should be abse-
lutte money, and its own redeemer, ex-
actiy the same as gold coin, silver dollars,
United States, and as a matter of fact :. 1t
was, save for imports and bond interest,
which exc ptions wsie public c'ime per
petrated by Wall street, and the supreme
court Ct the nation has repeatedly so de-
slsred No loyal citizen Cf the United
States ever desired his greenbacks CON
yei ted into Ii or silver until after
congress and psliticians, at tie bid of
Wall street began to cry down the loyal
Ereenbnck and enacted the so-oallei Re
sumption law, the primary object Of
which was to destroy them entirely.
But now look 1t is claimed that the
said Resumption act makes the green
backs reseemsble in goli and silver coin.
Is that so? Snppose you or l or any 9ther
citizen has $40 in greenbaolls, is there any
statute 10 the nation that Gays we
could legally demand gold CT silver for
snem aIy place in the United State;9
No STR You must fist have $50 or
more aud then the demand must be
made at the Office tf the assistant tres
surer of the United states in New York
city. What was the object Of this dis
eliminating provision? Was it to give
she masses an equal and fair advantage Of
wha yer benefits there might be in re-
sumption? Oh. no; exactly the con-
srary 1t Yves TO enable the associated
banks of VII street to hoard greGnbaoks
and then ooerc3 TIE government into
sCceding to whatever demands they
might max, by threatening a run on the
reserve.
So let US t7lk straight on this matter,
and expose the shams and rotteuness of
this so.callel resumption business. Tie
common people cannot legally demand
gold or silver for their greenb-cks, sim
ply because not one ID a thousand has
as much as $50 in his possession; and
even tnen he would have to pay some
blnkar a commission for converting it |
or take trip to Saints Alley himself. |
It is about time for the Anne lean
people to cease being boobies, and el,ct a
congress and president who will give |
US the Jeffersonian system Of money. No |
banks of issue, but the government issue
Of all money, whether gold, silver or
paper all q full legal terd-r ani enough |
Cf It TO insure the industrial Teople easy |
sailing in the production and distribution
Of the nations wealth. When that dsy |
shall be realized iu all its fullres3 and |
glory, tie loyal people # this great Re
public will not ect the Ounce about
parity, honest money, redemption, etc,
but everybody will at all times prefe;
Uncle > im greet back t. ei5ter gold or
silver, and frally tie latter metals can
aake their norm places in the markets
{ the world, along with ell other com
modities The truth shall make US free.
CHARLES BONSALL,
S,lem, Ofio, JDlv q.