The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-08-09


next condition was that government |
guaranteed them interest in gold on |
their entire capital, which has taken a |
sum averaging from 90 to $4,000, 900 |!
annually out of the people by taxation
for the benefit Of bankers. and bank |
ers only. The government then gave
them back in bills ninety per cent Of
their capital, to lend at compound in
terest; uniting with this the privilege
of receiving deposits and making loans
upon them, thus again more than doub-
ling their loanable capital.
What has been the result of all these
accumulated privileges! Figures give
the exact facts. Since the National
banks have been in existence they
have paid to their stockholders divi
dends, after paying every expense and
every tax. the enormous annual profit
Of nine and three-quarter per cent.
Besides doing this they have accumu-
lated surplus profits OF one hundred
and thirty-seven million four hundred
and seven thousand five hundred and
ninety-five dollars, OF more than thir-
ty-seven and half per cent to be paid
to their stockholders. Besides THIS.
they have given employment to more
than 10000 Of their favorites and
stockholders in the most lucrative and
aristocratic of ACKNOWLEDGEMENTS.
And yet the cormorantS can t stand
it, and cry for more. They not only
find that the tax goadS them to the
very quick, but they have organized
their monopoly largest, most con-
crete, and pampered that ever preyed
on the body pOlitic-into an organized
association to control and dictate leg
islatiOn. and to hoist taxation from
their shoulders and impose it upon the
crippled and over-burdened people,
already staggering under the load of
from $24 900, 900 to 500, 10000 annu
ally taken from the pockets Of the peo-
pie to swell their profits.
The monstrosity Of the proposition
is actually sublime in it's audacious
impudence.
But to insure its success it yields
| the power of 81 900, 900, 900, organized
with its president, it's forty-one vice
presidents, its executive committees.
its secretaries, it's cashiers, and its
| 100000 stockholders, formed into Il
regularly trades union to strike against
| taxation.
They say that contraction of the
greenback is essential to specie pay
ment; and yet they say that contract
ion of their currency and prileges will
| ruin trade. commerce and labor.
This cry which they have originated
has already crushed labor into slavery,
| business into bankruptcy, manufac-
! turing into ruin, and commerce into
stagnation. Banks alone thrive. Yes,
| Mr.. Coe. it is true. ''all kinds of cor
porations are falling around u.s.,
/ EVERYTHING but banks are in ruin, to
satisfy thegreed of capital and push on
the suicidal demand Of specie pay
ment. that dozen bankers may,
through the gold tyrant, swallow up
values and annihilate prosperity.
The specie tourniquet screw has been
and is in the hands of your
AMERIC AN BANKERS ASSOCIATION
You not only stopped circulation,
but have driven the weak fools who
have managed our finances into con
traction, which has weakened and
depleted the currency till universal
|
associate to put an end to their nefarl-
Gus seltishness. The day of the PEG.
pie money is near its daWn-the day
of national bank monopolization and
dictation is near its eternal sunset.
The people have doomed it. 1t will
die. But prosperity will spring new.
born from it's ashes.
The banks have not only for their
benefit encouraged the making out OF
the bonds free from taxation, thus i'm.
posing burdens on the people, taking
money by the millions out of the peck
cts of the farmer and the mechanic
who earn it by manual labor, and put.
ting it into the Golfers OF the privileg.
ed and the rich; but now, because they
are taxed ontbeir profits, and only on
their profits, they combine to resist
this taxation. Others are taxed on
their property, wholly irrespective OF
whether that property pays its way OF
not; the banks are taxed on their prof.
it's. To resist this the whole power
of this colossal Trades Union of Mon
charlottesville most selfish, the most
arrogant. and the most dangerous t
the rights and CAPABILITIES of labor tina
exists. are combined not only to pu
the tourniquet screw on legislation, t.
screw up the circulation of money, d
: Mr.. Coe said, SO us Ito keep the EN-
l ployees to the lowest measure of com
pensation;' but to press all kinds o
, commodities to the gold level of prices
: to demonetize silver, and drive TIL
, Greenback from circulation, that tn
/, national banks may have clear fielt
4 for their monopoly. Yes, that is tn
: unvarnished object of the bank Trade
: Union. 1t is for this the bankers az
/ ISOLATION has been formed. The frs
t chapter in the history of its monopo
| lized privileges is portrayed. It hold
). the screw of the tourniquet on tn
e circulation, and it is determined t
t control the money and the values O
e the United States. We know thei
f object.
n ITO sleep is to awake in chains.
n Eternal vigilance is the price of lii
Ii erty.'' Let US combine and be awak
g to our duties. Let us take this stan
> that there shall be no monopoly i