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Ob£ >3 q | CVSOnia IX
Vo(. 11, No. 50
What Right Have the Bankers to Dictate to the Government and
fAN October 25th, the Atlanta papers pub
lished the statement that 3,000 bankers
;of the Cotton Belt had signed a pledge to re
fuse to lend money to farmers, unless those
farmers would agree to cut the cotton crop of
1915 one-half.
It was stated that these 3,000 demi-gods
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' THE PAN-AMERICAN UNION LEADING US INTO OFFICIAL RELATIONS WITH POPERY.
constituted a majority of the bankers of the
Cotton States.
Where did these 3,000 demi-gods get their
money ?
They got three-fourths of it from the con
fiding depositors and the Federal Govern
ment.
Where did the Federal Government get
the money to lend to these 3,000 demi-gods?
The Government got the money, partly by
taxing it out of the farmers, and partly by
using the machines to stamp certain letters
and figures on little pieces of paper.
The Government taxed the people in ex-
Thomson, Ga., Thursday, December 10, 1014
to the Fanners ?
cess of its needs, and it loaned the excess to
these demi-gods at 2 per cent interest.
When people complained of being taxed
to supply the demi-gods with cheap loans, on
long time, the Government replied that it was
good policy to have a surplus, so that the
Government would have quick funds to use
“in case of an emergency.”
Last summer, the Economical Democrats
squandered a hundred million dollars more
.than the Extravagant Republicans had ever
squandered, and there was “a case of an emer
gency.”
Did the Government then draw that sur
plus out of the banks of the demi-gods?
No: the demi-gods needed it in their busi
ness. '
The demi-gods were allowed to keep the
surplus of $78,000,000, at 2 per cent interest,
and the (Government got what it needed in
the “emergency," by laying new taxes on the
people.
Not only did the Democratic Administra
tion leave the surplus in the banks, for the
private benefit of such demi-gods as Morgan.
Rockefeller, Jake Schiff. Bob Lowry and
Hoke Smith, but it created hundreds of mil
lions of new money, end loaned every dollar
of it to the demi-gods, at 3 per cent interest.
Thus, the demi-gods dictated to the Gov
ernment, compelling it to allow them the in*
definite use of the Treasury surplus, and also
the use of all the new money.
The demi-gods never intend to pay back
into the U. 8. Treasury the surplus money of
the people, which they, the demi-gods, are
using at 2 /xv* cent.
THAT ENORMOUS SUM IS A PER
(continued on page tour.)
Price, Five Qents
