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THE CEAWFORMLLE ADVOCATE.
CRAWFORDV1LLE _ Co^=olicia‘o<1 with i
DEMOCRAT, Oct. 6 1863.)
NOTES AND
Keep the enemy on the run.
Save the money that saved the Un
ion.
'There'll be "another county heard
from” in 1896.
Who is there will call himself a
democrat?
Wonder if Judge Ricks is the only
One of the kind.
Prize fighting and private banking
should be prohibited.
The “robber tariff "Isn't in it with
the robber gold dollar.
“Prosperity” is still wearing a linen
duster for an overcoat.
Wonder if Grover Cleveland still be¬
lieves in “legislation behind glass
doors.”
The banker without a new currency
scheme of bis own to propose is now
a curiosity.
The money question is not the only
one that, demands a solution—blit it is
the greatest;
Shall gold, the base coward and de¬
serter take the place of the loyal sol¬
dier greenback?
Who will erect a monument to Gro¬
ver Cleveland—and O, Lord, how long
before he is ready for it?
Wonder if Carnegie reduced the
wages of his employes in order to make
better steel or to steal better.
The whole policy of the money power
is “control or destroy”—but it will do
neither with the People’s Party.
The gold reserve is vanishing like
dew in sunshine. Another shower of
bonds may be expected any day.
’The “blood-stained greenback” must
hot be crowded out by the mon who de¬
serted the country in time of need.
The panic could be settled in 3D days
by the issue of government money to
employ idle labor upon needed public
work.
Thousands of bushels of wheat fed
to hogs, and thousands of people with¬
out bread. Verily, the hog is in it all
around.
Abolish the gold reserve, and the
greenbacks will no longer be an “ap¬
palling menace” to any honest man or
institution.
Beniocracy niusi befin a terrible tan-,
*' fiiaSis!" " ^ r0USU ltS ° WU
The greenback is sprinkled with the
benediction of America’s most loyal
heart blood. Shall it be destroyed by
bushwhacking bankers ?
The government should issue enough
more legal tender greenbacks to force
the bankers to earn an honest living
at legitimate business on productive
labor.
The Napoleon agitation through tho
newspapers and magazines is an effort
of plutocracy to educate tha children
1
:of America into military hero worship.
Away with all such barbarism.
: Instead of voting bonds for the Nic
araugua ditch, it would bo better to
.take up Coxey’s good roads scheme,
and do some improving at home where
American workmen could be employed
to do the work.
: The south will be fully emancipated
when the voters of that section divide
on economic issues irrespective of any
question growing out of the war, and
it seems to be reserved for the Po¬
pulist party to hasten that day.—Kan¬
sas City Star.
\ The tax necessary upon the people of
each and every congressional district
of the United States'for the retirement
of the greenbacks would be about one
million dollars. Watch and sea if the
congressman of your district is work¬
ing for a measure that will impose a
million dollar tax upon your district.
The only way to escape trouble with
the gold reserve is to abolish it, and let
it go into circulation. Let the bankers
and "balance” men send their own gold
to Europe, and the government issue
legal tender greenbacks for use in in¬
ternal commerce with the common pa¬
triots.
By all odds, the most able document
in the way of governor's messages is
the one sent in by Governor Altgeid.
No better Populist article is in print
today. It should be given extensive
circulation. Bunco federal judges, cor¬
poration tools and tbe General Man¬
agers' Association get a terriffie scald¬
ing while Pullman and Cleveland are
just ripped up the back and skinned
alive.—Denver Road.
We wish every one of the great plain
people could spend two or three days in
this city watching the movements of
congress. Two days would be ample
time to convince the most skeptical
that the power of seif-government no
longer obtained in this country. We*
believe the time is near at hand when J
a visit of this character will be of ail
things the most appropriate and ne¬
cessary—National Watchman.
MBS
Any representative who works for
the retirement of the greenbacks is a
traitor to his country and his district,
Hit him a jolt with your ballot when
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THE ENGLISH PLAN.
GOVERNMENT OV/NERSH1P IN
OPERATION.
Reduced Rates for Telegraphy—Greater
Conteflience—Increased Service—How
the System Is Conducted—We Arc
Far Behind.
A late report of the practical opera¬
tion of the telegraph system in Eng¬
land will be read with interest. It
proves that under government owner¬
ship the public is served with greater
satisfaction and it is a strong argument
for its adoption in this country. The
improvement in service and increased
convenience in every way is so satis¬
factory that the public would be very
reluctant to permit a return to the old
system. An abbreviated extract from
the report is given in the following dis¬
patch :
“Washington, D. C.—A sketch show¬
ing the great development of the tele¬
graph in Great Britain since it passed
under government control iu 1870 is
ta a rep ort• to Lated efiarLl
ment in 1870 for £11,000,000 and that in
the year succceeding the government
built 15,< 00 rnilei of wire to connect the
various systems. The reports show
that while in 1870 the total number of
telegrams handled by all offices was
from 128,000 to 215,000 per week in 1893
the number exceeded 1,000,000 per
week and the number sent annually
exceeds 70,000,000. In 1869 the Eng
lish press service was 22,000,000 words;
now it amounts to 600,000,000 words,
thirty-six times more than formerly,
The present press rate is small com
pared with the tariff prior to 1870 and
in place of sending seventy-five words
per minute one way the wires now
carry 500 words a minute, and six mes
sages are sent simultaneously on one
wire. The service is performed with
perfect punctuality, the average time
of transmission of a message being
about seventy-nine minutes, against
two or three hours in 1870. The rate
is 12 cents for twelve words, paid by
stamps.”
The Democratic Party’s Failure.
The final and utter collapse of the
democratic party in the presence of the
grandest opportunities that ever came
to any political party in the history of
this nation is simply marvelous. No
party ever made greater promises, ever
had greater opportunities, or made a
more signal failure. Under the leader¬
ship of Grover Cleveland, who was
worshiped as a party idol—raised to a
pedestal higher than his party, the
party has gone down in ignominy and
reproach, so far and so low that even
its strongest partisans scarcely - have
the courage to defend it. Cleveland's
second administration has been char
aqterized with stupendous incapacity
in every department of government.
The Fifty-third congress-which he
had on his hands, and the policy of
which he molded with his own sweet
will, has already gone down in history
as the most venal and corrupt that has
ever assembled in our history. His
cabinet selections were either nobodies
or men plastic in his hands, the mem
bers of which might have been fourth
class department clerks for all the in
fiuence they seem to have with the
executive. The picture is not one for
partisan exultation. It is too serious
for that. There is a point at which |
partisanism ends and patriotism b e .
gins. While partisan zeal may prompt
a strong opposition there is naught but
humiliation in the hearts of all true
patriots when they see a party sink so
low and prove itself so hopelessly in
capable as the democratic party has
shown itself to be in the two years of
the present administration. All this
after thirty-three years of promises!
All this with an overwhelming ma
;ec-m to agree upon one thing that is,
that the last bond deal buncoed tho pea
pie out of about seven or e.ght m-ilion
dollars.
CRAWFORDV1LLE. GA„ ftlDAY, APRIL 5 , 1895.
A BLACKMAILING SCHEME.
tvlmt a Groat Democratic Taper £a y
of tho Bond Swindle.
We presume that the cuckoos who,
against their own convictions, may feel
themselves compelled to defend Mr.
Cleveland’s gold bond scheme, Will
claim that it the scheme had been in¬
dorsed by congress, it would have re¬
sulted in a saving to the people of
$16,000,000 during the next thirty years.
The answer to this is that the whole
scheme, in its intention and concep¬
tion, was in the nature of a blackmail¬
ing operation in the interest of the ele¬
ment that is growing rich out of the
increased purchasing power that the
single gold standard is conferring on
the money they are hoarding. The
representatives of the people refused to
permit their constituents to be black¬
mailed, and that is the end of the mat¬
ter so far as this congress is concerned.
The alternative proposed to congress
by Mr. Cleveland may be very simply
stated. In effect he said: ‘‘You gentle
men seem to be opposed to the single
gold standard. Very well. If you don’t
accept it for at least thirty years, I
pjoppse .iolgvjLAR’ <*44i^ional tax of
wnld not rava tb pay if you would ac
cept gold monometallism for thirty
year® ”
That was the ultimatum, and if con”
gress had accepted it, that body would
have gone down to history as the most
infamous assembly of representatives
that ever pretended to represent the
people.
sav e $16,000,000 in the course of
tbir, T years, the people’s representa
lives were asked to indorse a scheme
*-bat would have tied the country to
^old monometallism. The country has
nlneady lost untold billions by the op
erations of this system, and while $16,
O 00 - 000 might have been saved by ac
ce P tln S the blackmailing conditions
> ,ropo f ed to congress, the people would
have ’ ost f b ilhons ln the further shrink
age of values , and prices and in the
” gener 10net f' , 3y depression making gold of the business only unit occa- of
account and measure of value,
The Constitution regrets that thero
waa even one Georgia congressman
ready to indorse this scandalous propo¬
sition, and, at the same time, thanks
heaven that there was only one. With
the sole exception of Mr. Turner the
representatives of the people of Georgia
in congress stood by the interests of
their constituents and by the prin¬
ciples of their party. This fact shows
that all the efforts that have been made
to induce Georgia’s representatives to
indorse the financial views of John
Sherman and the republicans, have
been futile.—Atlanta Constitution.
. , .
_________ ”
FREE SILVER PARTY.
~
„ ... , ... , , to Iol
opu "* s » """’ o a ‘ " ,e ' “
*" 1| -
St. Paul (Minn.) . special: The slate
ment wired here from (.he cast that the
f° pu '‘ s ‘ par > v «* Minnesota would join
tbe SlbI, ; y free-silver-comage party is
V1 porously denied by Ignatius Don
m P aren *- tbe peoples party of
Minnesota.^ . Mr. Donnelly
said this
r ’ v<5nlriK ' Tbe *dea of our party de
®e it!a sthe principles laid down in the
G ma b a Platform and consenting to be
tbe t '.' to an exclusive free-silver
P arty almost too silly to be dis
c,,! ' fl “ J be proposition, while
enough in its way, is an cssen
ia J Rr ' ob onf ; K0 ^ ar 35 ’ *be men who
ar0 most prominent in urging it are
concerned. _ They and are largely
mIn e owners are seeking lor a
mai j e ° r 1 " elr P roduct - The People’s
par . , ,lK and ^"ily
J ' 0 Y as important
P ans oa . anfi for the amelioration
of
^ e con ' " lon of mankind. If the silver
*” en are in r5arnr ' sf their move let.
‘f. m b ?*f, ou 5 party " bav ’° a * wa ys
f a ' are re e coinage of silver, but
we have oth ^ r pians ,n view which
c V n <* abandon. v Had the silver men
stood by our part " m the last election
we wouid have carried Colorado,
6tab I
The courts, backed by the military, |
are threatening our li
GOLD, SILVER 01 * PAPER ’
—w Sr law.
Money is value, rented by
Cernushi. ’ faction 1*'!fc # is better
A legal-tender a
basis for money a specie basis.
—Benjamin Frank)** ofStthhtly *
Gold arid silver, varying
in their own value, never be made
a measure of the yi' w 5 ,f olller things.
—Adam Smith. iU4nsic % value for
money has been at ndqjied by the best
writers and think*’®* < 0 ‘ n IU,f n
safe basis for mor'- v ~ base is too
small.—EncyclOt ia Jritannica.
A shrinkage in -**$’ ''°* misery unle o£ than cur ‘
rency has caused 1110 ' 15
war, famine, and and more
injustice than @* ier Dad laws
ever enacted.-Un ed Monetary
Commission.
I wish all mo\ p y na tion,
whether gold, silv‘> cooper, or P a P er >
was issued by D' 8° fV,: ' l ' nmeu * ; ant ^
based not on thd • oin I' 1 ' °tt»er money,
hut upon the cre* v resources of
the country. Am e "’ J ac ' tson -
i find that go fluctuated 50 per
ceu t during a gj,; 1 *? S , ° ar wf tlie late
war> w hiio th,^~ «t'fluctuation
’
the gree ■ oiantflKii, eno*«ear, ns
>>irt
on i y 9 y a per - The Hon. Amasa
walker.
There is plenty of evidence to prove
that on incontrovertible legal-tender
paper, if limited in quantity, can re
tain its full value but there is abun
dance of evidence to prove that gold
has undergone extensive changes,
From cent.—Prof. 1809 to 1849 J jit rose of in Owen’s value Uni¬ 115
per vons
versity, England. -
The entire amount of coin in the
country, including that in private
hands as well as that in banking insti¬
tutions, was insuflicient. to supply the
needs of the government for three
months had it bo'U poured into the
treasury. Foreign credit we had none.
—United States Supreme 540. Court (This Deci¬
sion, 12 Wallace, page was
a reference to the war period.)
Then, too, I won'd change the form
of these notes so tpat instead of being
technically, or in a promise they
should have stamped upon them the
denomination, as grid and silver have,
being to all intents i®d purposes money
and not a promise P a V in something
of no greater lefal value.—Senator
Wright.
When it was Cpce understood that
gold and silver are pot wealth, but only
representatives of wealth, and that
money is of no value to a nation except
to circulate its ricl'es, all the old no¬
tions of the supreme importance of the
precious metals fell to the ground.—
Buckley’s History of Civilization.
now Do i'»a Vote?
Do you think that our revolutionary
fathers would ha\f gained justice at
the hands of King b:orge III. and his
nobles if they had apt down and waited,
instead of agftAtin? and organizing/
ij 0 y0 u think they would have made
ari y headway by vot. ng and fighting for
men who believed i® kingship? Not
much. It took lot* of agitation to
arouse the sluggard* among them, but
ft (jj<j not take a tenth as much blood
shed by British hirelings as has al¬
ready been shed by monopoly hirelings
f n the United States* of Monopoly. So
j on g as m en will vote for parties that,
protect monopolies fry law, so long will
t he distress and ho'i'ore now prevail
n g continue. There can be no other
result. Every vote east for the old
parties is a vote to place the officers,
militia, army and navy at the disposal
0 f corporations to a boot down Ameri
can workers who l ave been starved
j n t 0 violence. To support the old
parties has just the same effect as the
support the torics ga^e King George III.
^re you, a workingman, wise to sup
p f , r t. those who live in kingly splendor
0 ff your toil?—Coming Nation,
a.
Charles Dickens, speaking of the
culminating horror!* of the French
revolution. sa y s: “There is not in I
tured forms. Sow tpe needs of rapa C“
ity, license, and oppression over again
ar.d it will [ sure.'v vivid the same fruit
according to Its kind.
THE CLOUDS PASS BY.
THEY DIDN'T MEAN IT AND
PEACE REIGNS.
I)r. Fish Takes His Pen in llaml anil
Discusses the Situation—Populism Iiaa
Passed It* Period of Danger—Now All
Is Clear Sailing.
Populism has just passed through a
period of crisis and danger. It lias
passed through safely—comes out
heart whole and body sound.
Of course every one familiar with the
current literature of these days knows
that a serious effort has been made to
at least modify the people’s party plat¬
form. Whether it failed because the
Reform Press association was stanch
and immovable or because those who
suggested change did not mean it is of
slight consequence. The people's
party remains true to Omaha along gi¬
gantic lines of reform—and today it is
one united body .
This is a matter of groat rejoicing.
And not only because the party re¬
mains intact and immovable, but be¬
cause the very men who suggested
change remain true to tho pole-star
after the exciting attack and riposte
between apparent factions. Mr. Dun¬
ning, of the Watchman declares again
his fealty to Omaha. He is, of course,
a strong man, and his journal has a
strong hold upon Populists. That lie
will cling with unswerving devotion to
his first love is gratifying to all re¬
formers. Ho was terribly severe on
socialists and tho reform book makers
of the age. But every one can forgive
him for these attacks, and welcome
him to fraternity. It was an hour of
supremo temptation. The two gigan¬
tic carcasses, or party Dagons, had be¬
gun to smell in the nostrils of tho
world, and a parting between the toiler
and the pawnshop was at hand. De¬
mocracy was wrecked. Now came an
opportunity for the great movement to
yield its identity and sink into the
lesser sea of storm-swept democracy,
and win—win not our elemental princi¬
ples—but power.
Tho great abyss which has swal¬
lowed up party after party, and disap¬
pointed humanity for ages yawned be¬
fore us—at the bottom gilded prom¬
ises for tho office seeker. Victory was
almost sure by yielding to the dissatis¬
fied of the old partios, deserting our
platform; and taking up an issue
foreign to our subitrst constitution—
silver Issue! And, to urge us on
tnat Tne rfrionlta course, ’ weggere‘told KuwP , 'eei-.'o
orner
after—that as soon as one issue was
settled they would take up another!
When, in all the cycles of political his¬
tory, has that promise been kept?
Never. It is impossible to keep it.
Again, through struggling years of op¬
pressive warfare, and amid sacrificial
tears, would the new party have to he
organized—run the gantlet of the
same dangers and temptations—brave
the same abuse and meet tho same
tyrannic dogmatism—before tho second
reform could be brought to a consum¬
mation by another new party. Gener¬
ations pass away in these almost hope¬
less efforts. But thank God, over, nnd
over, and over again, tho gulf was safe¬
ly crossed—the party saved—and it
is saved intact, with every man faith¬
fully returning to his duty and his toll.
And what next? Why, the silver
democrats at once organize a fourth
party! Yes, and at its very birth It
staggers to its grave. It announces
that it Is not a party, after ail! It
declares that if either of the old par¬
ties will nominate a silver coinage man
on a free coinage plank, this new bant¬
ling will cease to exist.. Great God,
whatafarce! And was it to such a fraud
as this that the people’s party was to be
tied? Thank God, over anil over again,
that “popult populorum” remained true
to Omaha. Tho “new party” died a
hornin’. It is now dead. Being dead
it leaves nothing to bury. Silver coin¬
age is not an issue. A wrong, a bar¬
baric garniture of historic crime, can
never become an issue in the progres¬
sive history of man. Silver coinage
may be a temporizing “policy” of deal¬
ing with a mighty issue of seif-bank¬
ing national credits. But the real issue
to-day, upon which parties must build,
or expire, is this: Shall the miserable
fiction of a metal currency remain at
all? The secret, unwritten, unspoken
but tangible spirit of populism—shriek¬
ing and moaning from the million ave¬
nues of Wrong's hecatomb—cries No!
Aye, it sits upon the throne builded
by the I Am, when Yesus and Iris were
only graven upon Serapian rock—and
cries out for the day and hour when
populism shall destroy the crime of
metal money. Populism declares for
a standard based upon toil, and the sub
strat of that toil is the imperishable,
and unhfdable, and unspendabie, and
Immovable value which comes from
this tremendous dogma:
Not a dollar of wealth was ever pro¬
duced on earth which did not come
from the tilling of the soil! The crisis
is passed. The “new silver party” is
born and stranded.
Populism moves on. Silver will be
recoined while gold is coined— so says
populism! But when the divinity
which hedges power is swept away
both gold and silver will go with it—
and eternal value from intrinsic worth
will remain. And upon that worth will
service.
As long as banks have control of the
money we will ba*'e panics.
GOVERNMENT BANKS
CONVENIENT, PROFITABLE AND
ALWAYS SAFE.
It I» l'lnin That the People Will Never
Trust a Private llank — Imperative
That Another System Be Inaugu¬
rated.
It should be plain to the most casual
observer that it is folly to spend time
in discussing what the kind of money
shall be and the volume of money
which is necessary when conditions
are such that the people will hide any
kind of money which may come into
their hands because they have no safe
public placo in which to put it. The
result of private banking for profit will
always be scarcity of money, high in¬
terest, and general suppression of busi¬
ness, which means Idleness and desti
tution to great numbers of people. Un¬
less this suspicion against banks can
be overcome there can never bo per¬
manently a sufficiency of money in cir¬
culation with which to do business.
Though we should double tho amount
of coinage and treble tho amount of
paper money the failure of a few banks
in the country will cause the people to
withdraw the remaining money from
tile banks and send (he same complete¬
ly out of circulation.
It is at. such times, when business
shuts down and the working classes
are out of employment, that the poorer
people and the middle classes are com¬
pelled to sell their property because of
mortgage foreclosure and exorbitant
interest at immense sacrifice, while tho
rich, buying at their own price, rapid¬
ly double and treble their fortunes.
Evidently the first work of the United
States congress should be to establish
such a system of banking as will in¬
spire perfect confidence among the
people in its safety. Then all the hid¬
ing places into the banks and the vol¬
ume of money will be ever abundant.
It is plain that tho people will never
implicitly trust ti bank which is con¬
ducted for private profit unless they
can personally have absolute security
on the money they lend the banks.
Bankers who are conducting business
for private gain do not propose to give
bonds to anybody nor security to their
Such being the case the
fact Is imperative that another system
of banking must bo inaugurated which
has the confidence of the people. Such
a system is readily possible, nnd that,
too, with comparatively iittie expense,
It is simply that the government shall
own and operate the bank. The gov
ecnwqpt does not need to invest a dol
iar Tri tT.iVousniess, it simply opens Its
room and invites the people to bring
forward their money, which will be
guaranteed against loss, To hasten
the bringing out from its hiding places
the vast amount of money which is
now secreted allow 3 per cent on long¬
time deposits and the bank immediate¬
ly fills with good money—people's
money. How easy to get a bank full
of money.
The next step in the lino of reform is
to establish the rate of interest at 4
per cent per annum in all parts of tho
country. The cost of postage stamps
is the samo in all parts of the United
States. Why should not the rate of In¬
terest be tho same in all portions of
the union?
The next requisite is <o make the
government absolutely secure in the
loaning of money. That it should be
so the law may Imperatively require
that tho security beyond a doubt be
worth twice what Is borrowed as de
termined by frequent careful appraise¬
ment of property offered as security.
With the government bank estab¬
lished under the control of the best
banking talent, under bond and in the
employ of the government, allowing 3
per cent on long-time deposits and
loaning money at 4 per cent; with all
money In the bank and in readiness to
bo used, the effect would be as follows:
Jones, wanting $1,000, would go to the
bank with $2,000 worth of certified se¬
curity, gets $1,000, pays 4 per cent from
the minute it is borrowed, deposits the
money, takes a checkbook, and goes
bis WHy to pay all his debts by checks
drawn against his money in the hank,
on which he gets no interest, as he
is checking It out. Ten persons bor¬
rowing thus, each paying 4 per cent,
would make a 40 per cent interest rev¬
enue to the government and in tho ag¬
gregate over $300,000,000 of govern¬
ment revenue each year above all ex¬
Such would be the result of the gov¬
ernment doing its own banking.
With the establishment of tho gov¬
ernment banking on the lines we have
here outined it would give to the coun¬
try the following financial advantages:
1. A bank full of good money.
2. No reduction In the volume of
money because all money borrowed
would be immediately deposited in the
government bank.
3. Three per cent on time deposits
would induce everybody to economize,
save and use the bank.
4. No more annoyance to bankers
from a “run” on their banks.
5. No more loss of sleep to the bank
depositorfrom fear that he will lose the
money he has deposited in the bank.
6. No more talk about money scar¬
city or a “tight,” “close” money mar¬
ket.
7. As nearly all business could be
done with checks and nearly all money
would lie in the bank no more bolding
up of the after-dark pedestrian, the
stage coach, or the railroad train. No
more burglary or murder for money.
8. As no further possibility existed
of theft for money, taxation to keep up
a large police force could soon be re
dueed more than one-half.
9. No more losses to the poepio from
bank failures.
10. No more financial panics, shut
ting down business, throwing people-
VOL. II. NO. 19.
out of work ’ and bringing destitution
to the working classes.
11. Interest reduced to one-half the
prevailing rate throughout the United
States.
12. An opportunity to alw.ys readily
borrow money if the individual has the
necessary security.
13. A revenue of over $300,000,000
dollars per year to the government
from doing its ow<t banking, which
revenue, expended in the improvement
of roads and the providing of irriga
tion . would give hundreds of thousands
of nien employment while cairying for
wa ’”> great internal improvements,
The condition of the western farmer
illustrates the situation today. He can
n °t borrow a dollar from a national
hank on his land. If he needs to bor
l ow money he must employ a money
broker to find the money for him. To
this broker he must pay a commission
of from 2 to 10 per cent and a full legal
interest besides. Altogether he is pay¬
ing so large an interest that, after he
has suffered loss from drought, grass¬
hoppers, and storms and pays his in¬
terest, he has not a cent left for im
provements.
With the establishment of the gov¬
ernment bank he is enabled to borrow
money at 4 per cent. He saves $300
a year, perhaps, in interest, which in
ten years is $3,000. That means a new
house and the employment of men in
the forest in getting out the timber,
tho making of brink, quarrying of
stone, the manufacturing of paints,
oils, glass, and hardware; the build¬
ing, finishing, and furnishing of the
house; in total number from fifty to 150
mon, all engaged in an empiovment, a
new vocation, that does not compete
with anybody else.
This farmer is but one who Improves
his condition through the saving of in¬
terest. He is but one of tens of thou
sends who will thus give, on farms em¬
ployment to hundreds of thousands of
workmen. This is but an illustration
of tho improved condition that will
come to the rural districts through
tho lowering of Interest and the abun¬
dant regular circulation of money
through the establishment of tho gov¬
ernment bank.
But while the farmers of the coun¬
try will find benefit the poorer classes
in the cities will experience oven
greater relief from the burden of in¬
terest.
No sooner does a bank tall and start
a fl nanc j a i p a nic than business in gen
era ] gjjuta down and large numbers of
laboring people are discharged Into
Unable to get employment
j n a B jjoi-t time they are compelled to
borrow money to supply pressing ne
unt|1 tUo tlme wh * u they can
again have work, This Is a terribly
trying period for those who watch
and often vainly wait for weeks or
months before tho opportunity offers
again to earn a subsistence for their
families.
It is during this time that the chat¬
tel-mortgage individual gets in his
work. Tho poor have no protection.
They are absolutely at the mercy of
tho men who prey upon them as vul¬
tures feast upon tho dead on the field
of battle. The man out of work must
hnvo money that his family may live.
He must borrow. He has furniture,
nearly new, perhaps, that cost, we will
suppose, $1,000. A government ap¬
praiser would mark It worth at forced
sale $600. The government would lend
$300 on that security at 4 per cent per
annum Interest. But there is no gov¬
ernment bank to turn to. No bank ex¬
ists In the United States, certainly no
so-called national bank can be found,
where the borrower can get a dollar on
his property which ho wishes to give as
security. Tho prlvato money loaner
knows this and is ready to take advan¬
tage of the situation. After requiring
the borrower to pay all the expenses of
making out papers ho charges the vic¬
tim 5 per cent per month—60 per cent
a year.
Under government banking the in¬
terest charge would he $12 a year;
under the present system tho interest
charge to that man is $180 a year for
the use of $300, which is secured by
new furniture that cost $1,000.
Of course it Is but a little while
when the borrower, if he does not get
work, will have all his possessions
eaten up by interest. His mortgage
will be foreclosed and he will have
nothing left.
All this is the result of tho present
system of banking for private profit—
a system by which the bank fails, be¬
gets the financial panic, hides money,
shuts down business, and drives tho
poor into idleness, suicide, destitution,
and crime. The clearly evident remedy
is a financial system that gives to the
people a bank that cannot fail, that has
so completely tho confidence of the
people that it becomes filled with the
people's money, following which tho
interest becomes low, business revives,
and general prosperity prevails for all.
THOMAS E. HILL.
Both Tell the Truth.
“Scratch a democratic office holder
and you scratch a monopoly tool;
scratch a republican office holder and
you scratch a monopoly pimp. The
people argue of the “merits” of the
two factions when the republicans de¬
nounce the democrats as liars and
thieves and when democrats denounce
tbe republicans as thieves and liars—
and both sides telling the truth!”—
: Free Trader.
That's right brother, and there is no
motes there, either. Nothing but great
big beams that stick out so plain that
“the way-faring man, though a fool,
ma y not err therein. The two old par
ties are hotbeds of corruption and every
vc te for them helps to warm the hotbed
and propagate more corruption,
-
Hard times is a rich harvest for peo
p)e who have money.
