Part 2

---

But according to the truth, many Greenbackers were all for the central bank concept backed by permanent public debt.

According to Yamaguchy and public records freely available:

[In 1862 greenbacker John Sherman advocated for an hour in favour of the legal-tender clause, then voted for it; and voted for the legal tender bill as well. Unlike Sarah Emery, or any of the future Greenback Party members, Senator Sherman was in the position to say and act nay or yea; without John Sherman's vocal support and vote, the legal-tender clause would not have passed.]

An ever-increasing public debt interwoven in every facet of social life, and this to, as Clement Laird Vallandigham states:

...subjugate the States and the people perpetually to the Federal Government, and therefore never to be extinguished ? 

The true policy of the money-power and the radical republicans of whom many just so happened to be greenbackers was to centralize the government over state rights to be used as a strongman for their cause.

Lincoln states in His Second Annual Message on December 1, 1862:

Applications have been made to me by many free Americans of African descent to favor their emigration, with a view to such colonization as was contemplated in recent acts of Congress. 

http://www.yamaguchy.com/library/emery/emery_index.html

The vast amount of money daily loaned on call in Wall street, at a high rate of interest, shows how the currency of the country is being used.  So long as the national Government takes no steps toward redeeming its own paper, so long will there be nothing to call the notes of the country banks back home;  so long will there be no healthy and equal circulation of the currency. If $200,000,000 more currency were now issued.  I do not doubt that within two months there would be the same want of money in the rural districts that now prevails.  The surplus would flow to the money centers, and the increased prices would make our condition worse than before.  It ought not to be forgotten that while the capitalist and speculator are able to take advantage of fluctuations in prices, the poor man has no such power.  The necessities of life he must buy day by day, whatever the price may be.  He offers for sale only his labor.  That he must sell each day, or it will be wholly lost.  He is absolutely at the mercy of the market.

http://www.yamaguchy.com/library/emery/emery_index.html

In this essay James Garfield takes on the monetary reformists and paper advocates;  and once again clearly states where he stands on the issue.  Of course, book-peddlers and their groupies never read this piece.  From Mr. Garfield's article we find out that quote fabrication did not start with 20th century book-peddlers, it was the bread and butter of the monetary reformists from the very beginning;  little did Garfield know --or could have imagined-- that soon as he died, he and a quote blamed on him, too, became part of the regurgitators' fodder, and James Garfield was presented to ignorant groupies as someone who opposed bankers and their system and for this reason was assassinated by them. [...] At that time silver was still in use in France, there were about $700million worth of legal tender silver coins among the people; in the U.S. Garfield participated in demonetizing silver because he wanted irredeemable bank paper. Eventually, the banking interests, whom Garfield represented throughout his military and political life, forced France --and the Latin union-- to abandon silver] [...] [In the 1860's] compound-interest notes were very large denominations, so they did not circulate, they sat in the vaults of banks and insurance companies, where they earned interest; National banks were required to keep 25% of their circulation in greenbacks in their vaults, which in this case was ~$45million; so that did not circulate, either; the 830million 7.30s which were just issued, to pay off the soldiers of the disbanding army, also did not do too many transactions before coming to rest in vaults and earn 7.3% interest.--- Yamaguchy

---

for the machinery of civil war speedily developed opportunities which enabled Congress to adopt a system of class legislation, the results of which have already placed insurmountable barriers between labor and monopolistic capital, and have built up social castes which can only thrive on monarchial soil.

Whatever may have been the object of our civil war is not necessary for us at this time to question, but its results are evident, for the most casual observer cannot fail to see that the democratic simplicity of our fathers has given way to an aristocracy of wealth on one hand and a most abject and degrading poverty on the other. The middle classes are rapidly losing foothold, the line of demarkation between aristocracy and serfdom is becoming more fixed, and a system of land tenantry has sprung up which bids fair to outrival that of the old world.

(Source: FINANCIAL CONSPIRACIES WHICH HAVE ENSLAVED THE AMERICAN PEOPLE BY MRS. SARAH E. van de Vort EMERY. : http://www.yamaguchy.com/library/emery/emery_index.html )

Up to the time of this treaty the German empire was on a silver basis, but, upon the payment of this enormous war indemnity, Bismarck, in the execution of his policy to cripple France as much as lay in his power, procured the passage of a law through the German parliament which provided for the demonetization of silver.

Not a fan here.

So, It is of no lie to say that Lincoln hd enemies, just as banking aristocracies are enemies of other banking aristocracies.

"I know of none which promises so certain results as the organization of banking associations.  To such associations the Government might furnish circulating notes, on the security of United States bonds deposited in the Treasury." ---December 1, 1862.

"it is hoped that very soon there will be in the United States no bank-note circulation not secured by the Government.  The national [currency bank] system will create a reliable and permanent influence in support of the national credit and protect the people against losses in the use of paper money." ---December 6, 1864.]

How's that going for us?

The faith of the United States, supported by taxation, is to be abandoned, and this paper money is to be floated in every commercial and business transaction of the country, by main force of law, and not voluntary credit because of the solvency of the United States, till a year or two hence the Secretary shall have stocks enough to enable him to execute his financial schemes and contrivances in full.  This, then, is the first step in the direction of his grand fiscal and monetary agent which is to maintain the credit of the Government and supply the sole paper currency of the country;" And now, sir, what, I beg to know, is the object of all this, if it be not to create an enormous and endless public debt, to be interwoven with every political, social, and business relation of life;  to subjugate the States and the people perpetually to the Federal Government, and therefore never to be extinguished ? As we know from future history, and as you have noticed it by 1874, Hooper &co. carryed out their plan and the predictions of Vallandigham became reality.

--- Yamaguchy; and research what happened to Vallandigham. What did the US government do? They expelled him for telling the truth.

And Yamaguchy continues here:

...radical reconstructionist[s], [...] wanted to reorganize the united States under the firm control of a central government in Washington ---greenbacks were one of the means to that end.

...following Wilson and Sherman, Senator Cowan spoke, and asked a question:

It has been said that this bill will relieve the people from the clutches of the bankers and brokers, &c., and that any one who opposes it, is of course friendly to and sustaining their interests.  I do not understand it, when I am told by all the advocates of this bill that all of these same people, almost without exception, are in favor of it.  I suppose they are the financiers --the great financiers of the country-- of whom we have heard so much, and to whose opinions we must all yield.  If so, they are more patriotic and magnanimous than they are reckoned to be, in thus devoting themselves to this scheme, which is to be the death of their interests.  It may be true, but the Jews may believe it for me."

Basically, many of the "greenbackers" were for the floating of 5/20 bonds AFTER the Treasury notes were depreciated by over-issue. This was the scheme.