OCR Text |
Show (,f ; A JACKjON WANTED. ) " " It is the common remark of arclaea ; ;of financial men of the? presentday that anything in" the shape of legal tender paper money bearing the stamp of the United Stales is a modern heresy, which has no authority in the i-teaching of tho fathers of the country. Ihitis not a correct view of. the case. Thomas Jefferson, in hia letters to Mr. Eppa, volume G of hia work, says: "Treasury bills, bottomed ou taxes, bearing or not bearing interest, as may be found necessary, thrown into circulation, will tako the place of so much gold and silver. Bank paper must be suppressed, and the circulation circula-tion restored to the nation, where it belongs." Practically gold and silver " form only a vory small-proportion of the currency of the country, and the present dispute in regard to the authorship and responsibility of the paper money involves a vast and ini-: ini-: portant question. Shall the power ' 1 to furnish the money of the country veshi private1 hands or .remain the prerogative of the-general government. govern-ment. This power carries with it the queation of thtwteof interest, and involves the prices of labor and commodities. com-modities. Jackson fought the United States bank to' tho 5eatr on account ,",ol ita ereat'DOwer in tho regulation of 1 finances and'businew, and because it had been converted by ita directors into wa permanent electioneering en--, gine." In his annual message in 1S33 'i Jaokson' alluded to- the efforts of the bank to control; public opinion, and rbj,4a curtailment of-its acoommoda-vi acoommoda-vi . tions, more rapid than any emergency emer-gency requires, it is attempting to produce great embarrassment in one portion of the community, and by unTeunded alarms to create a panic in all." Though we h&vgnQ naiUmal bank at the present time, we have e much "larger and more formidable combins-" combins-" tion of national bankers and "bond -' "holders, who control a large share of the national debt, ad well as a great part ol the gold both in thia country i and England. It is tho aim and de 1 termination of these elates to also j maintain the control of the United 1 States treasury in order to manipulate ma-nipulate its financial puliuy ' to thoir own advantage, no ra fitter what may be ibe result upon the commercial and indu-tiul pursuits of the country. They have already been permitted to chango the currency in which the public dabt should have been paid; they have brought about the withdrawal of the silver dollar from the financial system; sys-tem; thoy have demauded the resumption re-sumption of specie payment by the withdrawal of the greenbacks, and now they insist, notwithstanding the ruin and misery that their insane laws have imposed upon, the people, and the fact that still greater disaster stares us in tho face if this policy of contraction and destruction if followed, that no step backward shall be taken, and that the administration shall ' push on heedlessly and helplessly to the speedy wreck of every interest and every species of capital save that which these capitalists and monopo lista hold in their own hands. Are we wrong in the aaeortioa that a mure gigantic and powerful combination now threatens to destroy the freedom and rights of tho people than Andrew Jackaon had to throttle and dethrone? Ia not a Jackson needed at this lime to interpose a firm purpose against the, ..consummation of the selfish pur poses of tho great and united money power now menacing our liberties? |