Newspaper Page Text
0 3 effersonian
Vol. 12, No. 14
How the Democratic Administration Has Aided the Wall Street Gamblers
'T' HE older men will tell you,
that we had flush times
tight after the Civil War, and
on up to the Panic of 1873.
This seems strange, until you consider that
flush times in business means, plenty of money
in circulation.
Those who understand political economy,
.will explain to you how it is that commerce
languishes when money is scarce, and
flourishes like a green bay tree, when money
is abundant.
There was never any Resurrection of pros
trated industries, such as took place in the
South, after Lee’s surrender.
Cities sprang out of their ashes, new towns
began to rise all over the country; the fields
[were soon covered with corn and cotton; and
nearly everybody had some greenback money
in his pocket.
Why was this ? ’ **
It was, because the Government had used
its supreme power to create money; and this
money had been issued directly to the Union
soldiers, sailors, contractors, officials, etc.
The money was not created and turned over
to a greedy lot of national bankers. It was.
created and issued directly to the people.
It paid salaries to the civil officers, it paid
the salaries of Generals Grant and Sherman
and /Sheridan, and it paid the wage of the
men in the ranks. It paid the bounties for
enlistment. It paid the men who sold arms,
ammunition, provisions, horses, &c., for the
use of the armies.
In this way, the new money filled every
artery of trade and industry; and probably
the first greenbacks that came South were
brought by the ragged Confederate, who* had
Priest Hardeman, of Franklin, Tenn., Attacks the Junior Order •United
VX/E Americans, whose ancestors fled to this
’ country to escape tte murderous }>erse
cutions of the Roman Catholic Church, in
Europe, are now asked by the suave priests
of Rome, to forget everything that our fore
fathers told us; and to believe every impu
dent falsehood that the priests have a mind
to tell us.
They know that the average man is not
well enough posted to answer their false
hoods; and even if an answer is made, they
know it can not reach all who read the
Romanist fables, which the daily paper's so
readily print.
For instance, Bishop Curley, of Si. Augus
tine, Florida, had the brassiness to preach, in
Jacksonville, a few nights ago, and to tell
a magnificent audience that the Roman
Catholic Church had always teen the champ
ion of civil and religious liberty.
Probably, not one man in that audience
knew of the torture chamber at St. Augustine,
where the diabolical mistreatment of Protes
tants used to take place, when the Romanists
Were in power.
Probably, not one man in Curley's audi
ence knew that, within a dozen miles of where
Curley lives, the Spanish Catholics massacred
the entire colony of French Protestants, and
did it with the most fiendish atrocity.
Curley, of course, knows of the Menendez
to Rob the Southern Cotton Growers
Thomson, Ga., Thursday, oflpril 8, 1915
sold a. part of his tobacco to the friendly
Yanks.
How much of that new paper money was
created and put in general circulation during
the war?
In Senator John A. Logan’s speech of
March 17, 1874, in the United States Senate,
I find the following:
I will give the following tables showing the
amount of currency in circulation in the years
1865 and 1866:
1865.
National bank notess 171,321,903
Legal-tender and other notes .. . 698,918,800
State bank notes 58,000,000
Seven-thirty notes 830,000,0 00
$1,758,240,703
1866.
National bank notes $ 280,253,818
State bank notes 9,748,025
Legal-tender and other notes .... 608,870,825
Seven-thirty notes 830,000,000
$1,728,872,668
General Logan added, “Since which time
the contraction of the currency has gone on,
until the whole amount of currency of every
kind is now only $742,000,000.
In other words, more than a thousand mil
liorf dollars of the paper money had been
called in, tzncZ burnt, between the years 1865
and 1874.
What happened? '•< !
THE PANIC of 1873.
The bankers of New York, Philadelphia,
Boston, &c., were struggling to destroy
American Mechanics
massacre, and of the torture chamber, in the
city where he lives, but Curley did not go up
to Jacksonville to tell about such things as
that.
Curley did not go to Jacksonville to tell
bow the Italian Church brought twenty-six
invasions into Italy, to stamp out civil ami
religious liberty.
Curley had no idea of telling how, in IS7O,
Pope Pius IX. wrote to the Protestant King
of Prussia, begging that a Protestant army
be sent to Italy, to again stamp out civil and
religious liberty.
Curley did not feel called upon to tell those
Jacksonville people that, on November 1,
1914, the present Pope published an encycli
cal, again proclaiming Rome's eternal hatred
of the modern demon ratio principles of sep
aration of Church and State, the right to in
dividual freedom in religious matters, and the
right of*the people to rule themselves.
Curley did not go to Jacksonville to teach '.
he went there to deceive: hence, his entire dis
course was a shameless sheen of lies.
Priest Hardeman, of Franklin, Tenn., is
on the same line. His effort is to lull Protes
tants into a feeling of security. His dope can
be reduced to the words, “Don’t fear us Ro-
and control markets.
The only dispute concerning the circulation
of these, war-issues of paper currency, was
thus disposed of by the late Congressman
John Davis, of Kansas:
In reply to a note of inquiry, General Spinner,
ex-United States Treasurer, stated as follows:
- Mohawk, August 17, 1876.
Sirs—Your letter of the 15th inst. has been
received. In answer I have to say that the 7-30
notes were intended, prepared, issued and used as
money. Very respectfully yours,
F. E. SPINNER.
I call attention to the followoing table and re
marks from the Chicago Inter-Ocean, a leading
Republican paper of Illinois, in 1878:
Year. Currency. Population. Per cap.
1865 .... $1,651,282,373 34,819,581 $47 42
1866 .... 1.803,702,726 35,537,148 50 76
1867 .... 1,330,414,677 36,269,502 36 68
1868 .... 817.199,773 37,016,949 22 08
1869 .... 750,025,898 37,779,800 19 85
1870 .... 740,039,179 38,588,371 19 19
1871 .... 734,244,774 39,750,073 18 47
1872 .... 736,340.912 40,978,607 17 97
1873 .... 733,291.749 42,245,110 17
1874 .... 779,031,589 43,550,756 17 89
1875 .... 778J76.250 44,896,705 17 33
1876 .... 735,358,832 46,284,344 15 89
1877 .... 696,443,394 47,714,829 14 60
The 7-30 three-year notes, whose circulation as
currency is most scouted, were outstanding on the
Ist of September,! 865, to the amount of $830,-
000,000, every dollar of which was legal tender
or its face value under the terms of the law “to
the same extent as United States notes.”
Secretary Fessenden’s report of December 6,
1864, says be caused to be paid out to the soldiers
(CONTINUED GN PAGE FIVE.)
manists; we are as good Americans as your
selves.”
Hardeman can quote the Constitution of
the I oiited States as glibly as the Devil quotes
Scripture.
For instance, he cites:
“No religous test shall ever be required as a
qualification to any office or public trust under
the United States.”—Constitution of the United
States, Article VI, Section 3.
“Congress shall make no laws respecting an
establishment of religion, or prohibiting the free
exercise thereof.”—Constitution of the United
States, Article I of Amendments.
“That all men have a natural and indefensible
right to worship Almighty God according to the
dictates of their conscience, * * * that
no preference shall ever be given by law, to any
religious establishment or mode o worship.”—
Constitution of the State of Tennessee, Article I,
Section 3.
“That no political or religious test, other than
an bath to support, the Constitution of the United
States and of this State shall ever bn required as
a qualification to any office or public (rust under
this State.”—Constitution of the Sta r .< of Tennes
see, Article I, Section 4.
Hardeman did not go far enough. Why
did he not quote all of the Ibn--. Am- d
inents?
Why did he garble it, and give only a
part, ?
(continued on page four,)
Price, Five Cents
Government money, in order
that bank paper might take its
place, earn compound interest,
