The Columbian. [volume] (Bloomsburg, Pa.) 1866-1910, 1875-10-29

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1nit9 15,nif593.,, nro No,r tha Corornn,nnt tv 80
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bmt ,,o;r oircuIotion Thn Ld
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thov wnrn Worth hit &c, cents on the doiIar
ond ,,ot ,r;,,oinol and ;n+orost oro tn bo ,,a;j
~ 1,oid Thn hani, nlacos e1o0 o0o in f,o tha
Treasr,, r. ON v%;nh tbov drow obont sHo s;
nor conf intere.t in g3ld en,ol to nina
Der Der cent in currency every six six months
and get $4,000 currency which they
loan for at least eight per cent, making a
total profit of seventeen per cent And, be.
sides, they pay no county, poor, road, school.
or town taxes on their bonds, so that this
vast amount of capital escapes taxation, and
its burdens necessarily fall on the laboring,
farming, and manufacturing classes. Bank
officers swear to the Department that they
charge no more than six per cent interest, but
every borrower knows better. Nor is this
currency eouitably distributed. New Eng
land has per capita S3l.15. The Middle
States have but S II 80, and the Western and
Southern States much less. This is very un
fair for another reason The State tax is 3
per cent and as New England has $50, ,OOO,-
900, she reaps the benefit of this taxation
There is another and a conclusive reason
why the national bank notes should be re-
tired and greenbacks substituted, and that
is because of their cost to the people. This
amounts to about S24, 100000 per wear or
six per cent; and since the close of the war
has cost us over s1S0,00O,OOO. This is
simply robbery of the people, and they
should demand uniform and a cheap
currency until its placp can ne supnlipd