Slavery, Lincoln & Greenbacks

Dr. R.E. Search in Lincoln: Money Martyred (Omni Publications, PO Box 900566, Palmdale, CA 93590)

An alternative view of the Civil War history.

Abraham Lincoln was "the man who first proved that government could issue its own paper money, legally, honorably, and rightfully, and make it full legal tender for all debts, both public and private..." The Greenback was successful in it's intended purpose but Lincoln failed to get approval to extend the system.

Was Lincoln "a dangerous man from the [bankers] point of view? Could they have continued their knavery, trickery, bribery, and destructive work... if Lincoln had lived?"

"The struggle that was to rid the country of human slavery of the black race, however, was also to fasten upon the whole nation an economic or money slavery, which has endured to the present time..."

Abraham Lincoln and his Treasury Secretary, Salmon P. Chase (Chase Bank later named after him) went to the New York bankers "and applied for loans to the Government to carry on the [Civil] war; the bankers replying, 'Well, war is a hazardous business, but we can let you have it [the loans] at from 24 percent to 36 percent.'" (Dr. R.E. Search)

Appleton Cyclopedia (1861), page 296, states: "The money kings wanted 24 percent to 36 percent interest for loans to our government to conduct the Civil War." (qtd. in Search's book)

President Lincoln and Secretary Chase were outraged at the usurious interest, and refused the offer.

Lincoln wrote to an old friend, Colonel Dick Taylor in Chicago, and asked for advice. His friend told him to "get Congress to pass a bill authorizing the printing of full legal tender treasury notes or greenbacks." (qtd. in Search's book)

60 million dollars of full legal tender greenbacks were issued. "All were taken at par and never appreciably fell below par at any time..." (Dr. R.E. Search)

Lincoln referred to these greenbacks as "the greatest blessing the people of this Republic [have] ever had." (qtd. in Search's book)

But as soon as Lincoln began issuing the greenbacks, "the bankers and money changers saw that unless they could stop that sort of thing they were 'sunk' as far as ever being able to issue money again themselves." (Dr. R.E. Search)

The banksters "had been able to fool and hoodwink England, and keep her in bondage for 168 years, and they wanted very much to continue, and to add the balance of the world to their conquest; making the people everywhere economic serfs, working for them." (ibid.)

From the London Times:

If this mischievous financial policy [greenbacks]... should become endurated down to a fixture, then that government will furnish its own money without cost. It will pay off its debts and be without debts. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of the world. The brains and wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe. [qtd. in Search's book]

The Bank of England/Rothschilds (do not be deceived by name, "Bank of England"; Bank of England was/is a private bank) issued, and distributed to American banksters, the following document, quoted in part below:

The Hazard Circular

Slavery is likely to be abolished by the war power, and chattel slavery abolished. This, I and my European friends are in favor of, for slavery is but the owning of labor, and carries with it the care of labor, 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 [Civil] war must be used to control the value of money. To accomplish this, the Government bonds must be used as a banking basis.

We are now waiting for the Secretary of the Treasury of the United States to make this recommendation. It will not do to allow greenbacks, as they are called, to circulate as money any length of time, as we cannot control that, but we can control the bonds and through them the bank issues. [qtd. in Dr. Search's book]

Slavery is but the owning of labor, and carries with it the care of labor.

A "new, improved system" of slavery was being born. Gustavus Myers (a "leftist") corroborates this in his book, History of the Great American Fortunes: "...chattel slavery could not compete in efficiency with white labor... more money could be made from the white laborer, for whom no responsibility of shelter, clothing, food and attendance had to be assumed than from the Negro slave, whose sickness, disability or death entailed direct financial loss."

"The perfect slave thinks he's free." That was the "new, improved system" for exploiting labor. (Currently, a further refinement is the use of temporary labor.)