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Benjamin Heath, Greenback Dollar
Debt to America!
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Author Topic: Benjamin Heath, Greenback Dollar  (Read 33096 times)
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« on: May 19, 2011, 05:05:17 PM »

"Governments, whether monarchial or representative, are but faro tables for gamblers, and the people are the dupes of the games, and it will be so until the masses become more intelligent in public matters, less partisan in their prejudices, and command their servants in high-places, instead of being controlled and blindly led by them."
--Benjamin Heath

The Greenback Dollar, Its History and Worth
by Benajmin S. Heath (1821-1887)
Published in 1877,
by Brick Pomeroy

In 1861, when the resources of the country seemed exhausted, when the last dollar had been expended, when it was found that the whole volume of the national currency was inadequate to meet current expenses, when our imperial cousins across the deep, instead of coming to our aid, had already recognized the belligerency of our foes, and stood, cat-like, ready to pounce upon the fragments of a shattered Republic, E.G. Spaulding and Erastus Corning, of New York, and Samuel Hooper, of Massachusetts, were appointed a sub-committee under the House Committee of Ways and Means to devise some plan of prosecuting the war, perpetuating the Union and paying current expenses.  The country was rich in patriotism, men and munitions of war.  All that was needed was money, or a medium of exchange, to move the armies and purchase supplies.  Under the urgent pressure of necessity the best and ablest thought and talent of the nation were brought into requisition.  A happy thought conceived the idea of applying the "nation's wealth to the nation's needs."
--Benjamin Heath
Mr. Heath obviously did not know about the conversation Lincoln had with his Dick.  He was a true greenbacker, lived through the period, yet did not hear the story that it was Colonel Dick who gave Lincoln the idea of legal tender Treasury notes, and Lincoln got Congress to enact it.
He clearly attributes the concept to the Sub-Committe of Ways and Means -- the true "fathers" of greenbacks, if there were any.

Who were these gentlemen of that sub-committee ?
Mr. Spaulding, a banker before, during and after his public service.
Mr. Corning, a forerunner of robber barons;  "a large capitalist of Albany who was the head of the projectors of the Minnesota and Northwestern Railroad Company which, in 1854, by fraud and corruption obtained from Congress an extensive land grant of 900,000 acres."
In earlier years, Lincoln's Secretary of State, William Seward --an old Whig and supporter of the Bank of the United States-- was attorney for Erastus Corning.
Mr. Hooper was a rich merchant before he became a Representative in December 1861.  A decade later he was instrumental in the sneaking through and passing of the February 12th 1873, Mint act which demonetized silver.

Mr. Heath relies on and quotes extensively from Mr. Spaulding's 1869 book "History of the Legal Tender Paper Money", and William Berkey's 1876 book "The Money Question".  Unfortunately he did not read the text of the debates in Congress of the legal tender act.  He presents this picture that good people in the hour of need came up with a good idea, but big bad bankers and their paid senators and representatives ruined it.  Unfortunately he cannot support it with facts;  and the facts support another picture:  the money power had a decades-old plan, and now they implemented it;  and the greenbacks were simply means to facilitate this plan.

Thus are secured all the benefits of the old United States Bank without many of those objectionable features which aroused opposition.  It was affirmed that, by its favors, the Government enabled that bank to monopolize the business of the country.  Here no such system of favoritism exists.  It was affirmed that, while a large portion of the property in the several States, owned by foreign stockholders, was invested in that bank and its branches, yet it was unjustly exempted from taxation.  Here every State is left at perfect liberty, so far as this law is concerned, to tax banks within its limits in whatever manner and to whatever extent it may please.  It was affirmed that sometimes terrible disaster resulted to the trade and commerce of different localities by the Mother Bank of the United States arbitrarily interfering with the management of the branches by reducing suddenly their loans and sometimes withdrawing large amounts of their specie, for political effect.  Here each bank transacts its own business upon its own capital, and is subject to no demands except those of its own customers and its own business.  It will be as if the Bank of the United States had been divided into many parts, and each part endowed with the life, motion, and similitude of the whole, revolving in its own orbit, managed by its own board of directors, attending to the business interests of its own locality;  and yet to the bills of each will be given as wide a circulation and as fixed a value as were ever given to those of the Bank of the United States in its palmiest days.  It is not to be supposed that variation in the rates of exchange will entirely disappear.  Specie itself yields to the law of demand and supply, and fluctuates in value with the continual changes of the balance of trade.  But this currency will approach as near uniformity in its value as possible.  These institutions all originate among the people in their own localities, and are not created by the Government.  The Government simply authorizes the investment of capital in the loans, and the use of the bonds representing the loans as the basis of a sound circulation."
--Samuel Hooper
Mr. Heath did not read it, or did not want to know about it....

The facts of the next few years proved Mr. Hooper right, and indicated that there had been a plan, and that the greenbacks were part of that plan.

The booklet was published by Brick Pomeroy who in 1864 called Abraham Lincoln the widow-maker of the 19th century; a vote for Lincoln a vote for worthless currency, a vote for a nigger millennium....

« Last Edit: December 30, 2013, 10:34:13 AM by 789 » Logged

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« Reply #1 on: January 12, 2013, 02:20:12 PM »

Jacob Sechler Coxey (1854-1951), The Cause and the Cure

The New York Times
June 16, 1895.

The Marriage Not Approved by the Girl's Father.

MASSILLON, June 15.-- Carl Browne and Miss Mamie Coxey, erstwhile Goddess of Peace of the Commonweal, were secretly married last evening by Justice Folger.  The bride and bridegroom separated after the ceremony, with the expectation of keeping the fact to themselves until the Fourth of July, when they will have another and a spectacular marriage in Washington.

Browne is forty-five years of age and the bride eighteen.  They have been infatuated with each other for a year, and it was this circumstance, that led to the rupture between Browne and his former chief.  Coxey has been away from home for several days.

The bridegroom's wedding garments consisted of the leather coat and trousers he wore on the March to Washington.  The bride wore a simple white dress.

The New York Times
March 26, 1894.

Carl Browne, Chief Marshal, Heads a Procession of About Seventy-five Tramps, Cranks, and Malcontents -- Twenty-five Desert the Ranks on the Road to Canton -- Commander in Chief Rides in a Carriage -- Privates Walk on Their Uppers.

CANTON. Ohio, March 25.-- Coxey's Army of Commonweal moved out of Massillon today on schedule time, there being perhaps seventy-five stragglers in line at the start, and twenty-five less when Canton, eight miles away, was reached.  Carl Browne, Chief Marshal, headed the procession, mounted on a white horse, and was followed by a half-dozen aides, all mounted on horses belonging to Coxey.  Coxey rode in a carriage drawn by a pair of spirited steeds.

The precession consisted of the marshals, Coxey, his wife and sister, a bugler, four covered wagons containing camping outfits, baled straw and several quarters of beef, a brass band that played all kinds of music at once, and the soldiers of the Commonweal, on foot.  They marched single file and two abreast, as pleased their fancy.  With very few exceptions, they were hard-looking citizens.  This they claimed was not their fault, but the fault of our system of government.

The weather was pleasant when the start was made, but the procession was soon overtaken by a severe snowstorm.  This had a depressing tendency, and a number of desertions were reported before Reeduburn, the first stop, was reached.  After a brief stay at Reeduburn, the army resumed its onward march, and reached Canton a little after 4 o'clock, where Camp Lexington was pitched.

Coxey apparently is enthusiastic.  He says the movement thus far exceeds his most sanguine expectations, but this is hardly in keeping with his former declarations.  Canton and Massillon were both crowded to-day with persons who had come in from surrounding towns and cities to see the sight.

On the march from Massillon to Canton the army was followed by a mob of nearly 1,000 persons, in carriages, on horseback, and afoot.  They indulged freely in cheers and kept Coxey constantly bowing and lifting his hat.  On reaching Canton the army was greeted by fully 10,000 persons, who were crowded on the sidewalks and in windows and balconies along the street.  Every one regarded the affair as a huge joke, and good humor prevailed on all sides.

As soon as Camp Lexington was pitched on a vacant lot near the workhouse the army at once began building bonfires, scattering straw upon the ground, and making other preparations to keep comfortable during the night.

The army has had to start on its march without a goddess of peace, as no maiden could be found to assume that rĂ´le.  Instead of a goddess a burly negro has been enlisted to carry the banner, thus giving the African race representation in the movement.  One group of five soldiers deserted in a body.  Their Marshal thought the celestial powers were not exercising proper discretion in sending a snowstorm upon the advancing hosts, and advised his men to break for passing freight trains.  They heeded his advice and have not been heard from since.

It is feared by some of Coxey's lieutenants that there will be more desertions before morning unless the weather shall moderate.  This fear is based somewhat upon the prevalence of comfortable haymows in these parts.

Coxey's life insurance policy has been revoked, the officials of the company fearing he may meet with a violent end in his present enterprise.

Coxey said to-night:  "I am satisfied that I will be followed into Washington by 150,000 men.  As people hear that we have actually started, they will begin falling in.  Up to this time they have been afraid that we were bluffing.  Now they see we mean business."

Dr. Kirtland of Pittsburg, known as "the Cyclone," arrived at Canton this evening and joined the army.  He says he has figured out by astrology that this is to be the grandest move the world has ever seen.  Even if it should die out now, it would be revived again.  He knows this because the stars have told him so.

Nearly all the noted cranks in Ohio are now here, expressing their determination to join Coxey.

The army expected to leave Canton at noon to-morrow for Louisville, Ohio, where Camp Peffer will be struck.

Lieut. Browne announced to-night that seven groups of five from Canton and two from Cleveland had just been enlisted.  Solon C. Thayer, Chief Commissary Marshal, got discouraged and resigned on reaching Canton.  Oklahoma Sam was appointed his successor.  John O'Neill of Cleveland was appointed Chief of Commissary Marshal's staff.  Coxey says he has assurances that the sympathetic citizens of Canton will feed his men on boiled ham and potatoes to-morrow morning.  In a bulletin issued late to-night Marshal Brown said:

    You boys are behaving yourselves honorably, and all the sneers about tramps and vagabonds that being hurled at you daily by portion of the press fall from your backs like water from a duck's.  Pay no attention to the snickering of those who have never felt the pangs of hunger, but be true to yourselves and it will cause others to be true to you.

Many of the Coxey recruits applied for lodging in the city prison to-night and were accommodated.

November 03, 1896
General Election Ohio District 19
Stephen A. Northway(I) 31,789 --60.29%
William Sawyer 20,626 --39.12%
Solon C. Thayer 308 --0.58%

The New York Times
1897 January 13.
Coxey making a New Party
He and a Few Others in Conference in St. Louis.

St. Louis, Mo., January 12.-- "Gen" Jacob S. Coxey of Massillon, Ohio, was disappointed in the number of those who gathered at the Lindell Hotel, here, at 1 o'clock this afternoon, in response to a call for a conference at which the Populist Party would be re-formed, or, rather, a new People's Party would be organized.

Among those present at the conference were Son-in-law Carl Browne, John J. Streeter of New Hapshire, A. Steinberger, editor of The World, Girard, Kan.;  Editor Ferris of The News, Joliet, Ill., and J.P. Norman of Knoxwille, Iowa.

Before the meeting Carl Browne said:

"The Populists have been sold out by Butler, Taubeneck, and the fusionists. We are going to organize a party where the people will control and where the Executive Committee will not be allowed to betray the people. Our new party will be organized according to the plan of Jacob J. Streeter."

Less than a score of delegates were present when Mr. Coxey began his address, in which he outlined the plan of formation of the new party. A committee was appointed to adopt an address to the American people.


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