The independent. [volume] (Lincoln, Neb.) 1902-1907, 1903-12-31

ored slavery favored "state rights"
because state laws originated and pro-
tected slavery, and because they
wanted the states to be strong enough
to nullify any law of the United States
and then go out of or secede from the
Union, il they thought proper: and
because they wanted the United States
government to be sosweak, that it
could not prevent the slave states
from going out of the Union. 1t is a
matter Of history that as soon as slav-
cry became the paramount issue, that
is, as soon as the people of the south
ton" was in danger, they changed
their mind not only as to tariff, but
as to the nature OF our government
and money. In the early days the
people Of the south wanted United
States bank, instead Of banks char
tered by the several states. After
wards they wanted banks chartered
by the states, instead Of the United
States. This was increasing the pow
er OF the state governments and d.
minishing the power of the federal
government 1t was furnishing state
money instead Of national money
or, at least. state currency instead Of
national currency. And, now, II we
put in power the party that wants
free trade or tariff for revenue only,
we shall be called upon not only to
destroy our present national banking
system, which, bad as 1t Is, gives us
bank notes, that circulate all over the
Union at par and are money In every
part of the country, but to restore the
old state banking system that gave us
bank notes that circulated at par In
only one state OF the Union and had
a different value In every other state.
| say that IL we restore that party TO
power, we shall be compelled to use
the kind Of currency which the south
forced us to use before the civil war.
also believe that il Grover Cleveland
Is elected president next year, or any
one else OF his political school, there
will be a movement TO break down
the present national banking system
and to restore the old state banking
system instead of allowing the ma
tional government to issue all the pa
per money.
What we now need is not destruc-
ton of the present national banking
system, but. an improvement Of 1t,
We want the national government to
issue all the paper money instead OF
allowing the banks, whether national
or state, to do it. II we can't get this
from the democratic party, Their 1t Is
time to go somewhere else. And as
the record now stands, the republicans
are more inclined to give us national
paper money (greenbacks) instead Of
national currency Irrational bank
notes..
Who, in all the history of the past,
has been in favor of national bank
ing, national bank notes and green
backs for money and currency?
First-The old federal party under
the leadership of Alexander Hamil-
ton, George Washington, John Adams
and their friends and political asso-
ciates.
Second-A majority or the ole re-
pubicans under the leadership Of JEFF
ferson, Madison, Monroe and their
friends and political associates from
the year 1900 to 1928. Then the ma
tional republicans under J. @. Adams
and Clay in 1886.
Third-All the old wings under the
leadership of Henry Clay, Daniel
Webster and other eminent states
men from 1886 to 1856.
Fourth-A majority of the republi-
can party formed by Abraham Lincoln
and others of his time in 1856.
Who has been in favor of state
banks and state bank notes for mon
ey or currency?
The answer to this question must
be, the democratic party (scon after
1t was organized in 182i-1S28). To be
sure. this party was not organized Tor
the purpose of destroying national
banking, but 1t soon became a party
for that purpose. This is a matter OF
history, which every school boy has
read. II is also a matter of history
that soon after General Jackson left
the White house, the democratic par
ty was of no use to the country, be-
cause II encouraged the extension of
negro slavery with free trade Tor tar
lfi for revenuel, and the old state
banking system and state bank notes
for money