Concerning Northern Investors as seen in The HAZARD CIRCULAR 1862

[Thea]

The Hazard Circular sought, in 1862, seeking Northern investors in war bonds to pay for the military conquest of the Southern States.  Here is the original language:

"Slavery is likely to be abolished by the war power, and all chattel slavery abolished.  This I and my friends are in favor of, for slavery is but the owning of labor and carries with it the care of the laborers, while the European plan, led on by England, is that capital shall control labor by controlling wages.  The great debt that capitalists will see to it is made out of the war must be used as a means to control the volume of money.  To accomplish this, the bonds must be used as a banking basis.  We are now waiting for the secretary of the treasury to make this recommendation to Congress.  It will not do to allow the greenback, as it is called, to circulate as money any length of time, as we cannot control that.  But we can control the bonds and through the bonds the bank issues."

THEA

[unionblue]

Thea,

Long time, no see.

And just how successful was the HAZARD CIRCULAR 1862 in attracting investors?

Sincerely,
Unionblue

[Thea]

I haven't tried to follow up on the Hazard Circular 1862 article, but don't you find it ironic considering what's happening today?  That ol' greenback isn't worth the paper it's printed on.

It's only worth is under-written by the sweat of the tax-paying slaves of the Federal Government.


Nice chatting with you again, Unionblue.


Hugs!
THEA

[unionblue]

Thea,

Nice hearing from you again, too.

HUGS RIGHT BACK!

Unionblue