Rensselaer Republican, Volume 25, Number 9, Rensselaer, Jasper County, 27 October 1892 — "A Local Currency.” [ARTICLE]

"A Local Currency.”

Hon. W. D. Bynum, member of Congress from the Indianapolis district, declares himself for wild-cat money, in the following language: “The hope of tbe South and West, lies In a local currency—a t irrenoy that 1* flexible end ean be regulated to the needs of the people; then we should have no fear of hard times, no scarcity of money.” Commenting upon this,the Indianapolis Daily News sayr. “There Is the scheme in all its beauty. What we need is “local currency”! That is a happy phrase—an accurate phrase. Ponder It well, and it becomes an argument—but not on Mr. Bynum's side. The country ha* had enough of “local currency.” We tried it, and were tried by it, before the war, to the dissatisfaction of all concerned. The hands on the clock of progress move not backward, “Local currency” has seen its day. Mr. Bynum should got on tie right side of the money question and stay there, if he is to continue to represent this intelligent community in Congress.” It is this avowel that has caused scores of German Democrats to abandon their party,