Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-07-15

debted for most Of the unjust legislation of
which we complain. The Commercial Ma
tional Bank has Just declared semi annual
dividend CT 5 per cent, payable July 5, and
the officers state the total net profit for the
past six months at Is per cent.-at the rate
of 80 per cent. per annum. The CONNER
cial and industrial interests of the whole
nation are paralyzed in sympathy With he
depressed condition of our Interests, yet a
system of subsidized banks are making 80
per cent. psr annum-at least ten times
the Increase in the nationst weslth-and
tho people are taxed to support these thriv.
ing Institutions at least $2l 100000 annu-
ally, for which they receive no equivalent
whatever" va -'-ss 80 a-'a.-. iss-a-
OF course a great many errors will be
made in the calculations of men who are
misinformed in many things. Bank cur
rency and credits in the United States are
vastly larger than the author of the above
statements appears to believe. II we esti-
mate each at $500, 100000, and allow Is
per cent profit, instead Of 80, the annual
tax on the productive industry of the coun-
try for this item of our credit system, is
two hundred and forty million dollars. Is
there no way to cave large
part Of this enormous high rent for
the use Of cheap, dirty paper currency?
Our national credit rests on the honesty
and property of the people. Why should
they pay bankers or bondholders for the
use of their own integrity and property, any
more than farmer psys a Londholder for
the use of bis working stock with which he
cultivates bis plantation? Every branch OF
human industry is fairly entitled to. the full
benefit of its capital, enterprise, labor, skill,
credit and powers of production, "without
let or hindrance." This is democratic equal
ity, with class favors and monopoly left
out. For the last thirteen years the Gov
eminent has been run to promote the in
terests of monopolies, and the result is
necessity for a new declaration of indepen-
dence by the great producing classes of the
nation. But words are only air; deeds tell.
Ali see that mouopolies are thoroughly Or
gained, led bya General at salary of fifty
thousand dollars year. This fact COM
bines laboring men and women by the mil
Hop, in defence of the rights of man.
At Waterloo, Iowa, ten thousand people
assembled in grove on the Fourth of July
from many counties, bringing banners and
music. Mrs. ii. B. Hoxie read with great
effect, the "New Declaration Of Independ-
ence;" and 3 new industrial and political
gospel was preached to the delight of en-
thusiastic thousands. Solomon had q
plenty of women, but they took no part in
building the Temple, nor in composing the
Proverbs. From that day to this, womln
has been rising in self-respect and in power.
All know that female labor aud intellect
have received less consideration, culture,
and reward for services rendered, than
have been awarded to the labor and intellect
off, he'msle sex. Mothers who give the world
such men as Washington, jefferson and
Lee, dislike this unkind, and unjust discrimi-
nsiion. Progress and reform will soon
place this wrong among the human fossils
of the past. Men can do better than to
make war on the industry of their mothers
and sisters.