The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1873-10-31

taken and arrangements made 10 |
secure the same result, all equally |
detrimental to the mercantile pnr-
suit, and when once these plans are |
reduced to system, as they certain
~ will be, they cannot fail to work |
great changes in your important |
pursuits. None more than myself |
regret this turn that things have
taken, or the cause producing it.
Will you not aid US in effecting the
necessary reform, and restore these
affairs TO their proper position2
The present bond system of the
nation is very burdensome. It was
the child of necessity. Our nations
credit was falling under tho bur-
dens and disasters of the civil war.
4 bold and oppressive stroke of
policy was necessary 10 save her.
The bond system secured the de-
sired results. Millions of money
poured into the national treasury,
and the lost credit was restored.
The people willingly bore the bur-
dens, and if there was any necessi-
ty for the present bond system now
to restore or retain our credit 1t
could still be borne; bat / ask any
one acquainted with the case, where
is the necessity? There are objec-
tons, l know, but they are trifiIng.
All necessity has DISAPPEARED, and
the government has faithfully fulfill
ed her contract with the bondhold-
er, and can abolish the bond system
whenever she desires. But you ask,
where does the bond system Cypress
us? We answer, by compelling us
to pay interest upon our currency.
Bonds arr made the basis of our
banking system; hence, as we pay
about six per cent. on the bonds,
wa pay interest to that amount for
our currency; and If you borrow
money to carry on your business,
you pay from twelve to eighteen
per cent. additional. Now here are
two rates of interest. One we pay
to the general government, and 1t
pays it to the bondholdef; the
other TO the bank on all sums we
borrow. Now it is the duty of the
general government to furnish our
currency free, unless in times of
dire necessity. But we are taxed
for it when there is no cause for it.
Here is the oppression, and it
should be removed. Why cannot
the greenback system be made to
take the place OF the bonds, now
that the credit of the government
is fully restored? Even a speedy
return TO specie basis would be
preferable to the present expensive
system. This interest upon our
500, 100000 of currency is robbing
us. Few realize the cumulative
power of interest. Take our 500, :
100000 of currency, place it at in
terest at ten per cent, and in seven
ty years it will have caught up with
the entire wealth of the United
States, SlS,0O0,000,000, and all its
sccumulations from business during
the same seventy years, allowing
the greatest average increase of the
past. But this is not all. The in
.terest on the S700,000,000 will have
outstripped the accumulations of
our present by $50O00.000,000.
Let us see to this matter and
cease carrying this load of interest
from year to year. Let us see that
general government furnish me-
dunn of exchange free, and In such
manner and amount as to reduce
the interest OH money to living
bassis for all legitimate business. 1t
is estimated that we are paying about
$50, 100000 annually for the use of
our currency, an amount sufficient to
pay the entire expenses of the gov
eminent previous to the war. We
can find no remedy for this SO long
as We allow money to control the
government. Let one and all rise
in their might and drive the OPP
presser from the field.
Monopoiies also need our atten-
tion. Some of these represent our
iron, cotton, and wooden interests,
aud with vast sums of money they
bear down upeH Congress and Sc
cure the tariff they demand, and
then they add the amount to their
goods. Take the iron interest, for
instance. Year after year Congress
has yielded to this mighty monopo-
ly, and under the name of protect
money into the hands of iron man
ufacturers, and to-day England
comes TO america TO buy much of
her iron, instead of shipping her
OsrR iron here, and the reason is be-
cause she can buy our iron and lay
it down i'll England cheaper than
she can manufacture it at home.
And yet we have a protective tariff
on iron. This is projections indeed.
Take another Illustration. 1t is
reported that while the miners of
Pennsylvania were digging coal tie
owners OF the mines were IN Wash
ington lobbying up high tariff on
imported coal. Then after securing
ii they gave the miners better wages,
and soon they sent up 100000 tons
extra. The bank owners then re-,
duced the woges below the old
rates. The miners struck. Bank
owners inform them that coal don't
rot, and with the surplus on hand
they expect TO starve the miners
out. Some miners get out of bread
and offer TO resume work; others
prevent them. Some incendiary
striker sets fire to bank and burns
it, but all to no purpose. The mill
tia are called out to queH the strik-
ers. Yet these bank owners, by
bribery and Internal avarice, have
brought it about. Now what was
the result. Congress aided the
wealthy monopolists to rob the
miner and compel The consumer to
pay an unreasonable price for coal
The same holds good with the
tariff on cotton goods. 1t is notorious
that in most cotton goods the man
ifacturers of New England can
compete with the world, without
any tariff for their protection. Yet
it is estimated that they wiring from
Us on these goods, through the tar.
iii, SAG, 500, 600 annually-$lO,771 900
goes to the government aud 81, 49,
900 to the manufacturers. Without
aay tariff these goods would pay
to the manufacturer much larger
profit than the products of the farm
do to the farmer. Where is the
justice?
We must yet refer to the rail
road monopoly. Our railroads
are one Of our chief glories as q
nation and as state; and when
properly conducted may be of the
greatest service to the country,
but when they combine against
other interests then they become
injurious and burdsnsome. Our
railroads by combining have alb
solute. control of transportation
a good part OF the year. Our
great lakes and rivers are frozen
SO that vessels cannot be used,
and this happens at a season when
most of the produce is to be ship
ped, hence our chief dependence
IS the railroad. Our internal
commerce is equal to that Of any
five nations, and these roads by
combining have placed us at their
mercy. It is said that they now
take three bushels for carrying
one to market, and for. corn they
,ua,,lL taLo- all and fam ton 70