The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1878-07-26

II
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h~~d - snr " the paper Ins she fsr
nstsTt ihsse sAsne hahkrsx. htsshsfs snl
nsnssts finally ssid "Well, ~ ~sll
int tsks soaf hnaia nnl~es sua will
| snak. them the hasss tes hahksng. ani
sisr ~ IN issn~ III bills slasl ta vi.
atnauns III the haisss, and graft ~ 4
muts u liz " banking prtulvvvA. funs
pts ennseks will ssssn w. s0Nl lar nush.
in9. anil nnlrss ynn enlist the hAnkiup
ehrt i ~ the country ~ give character
AMI ct~lii ~ thr PIPER money " shv
ronntFv, The credit ~ the nation will bc
ruined Again Cunsrsx became the
,lnp =, and aided " the parchAAesa III
b,sds ihr further indnccm@nt ri giving
them eNl oi hills. gnafao trel by the
q ,vefnmen., with every e,o0 of bonds.
to lend out m money NJ con 4 uni In.
tefrst.
Thus tho hankevs, brokers and nsnr.
era. hy .lerferiating nn,l cansing the
Government 10 rvpn,liAtc its own grwn.
hack mnncy--cvcrv dollar of which Wan
intrinsirally m Rool m gold. m they
represented absolute Aolvcncy AMI ab'o.
lutte abillty--tl.cy got for every et2 sloO
Ia bonds. an interest payable In gold.
and equal 10 III pcr cent and equal ~
% per cent. on tho investment, and Oh
per cent. In bills nj compound interest.
which facts show have earned ~ per
cent which would bc I'D per cent. more,
which. added 10 the 25 per cent, makes
Il per cent. Add tO this the interest
received on bank dcpusits, which aver
aged the inll amount of the capital of
the bank. In boLta, and equals ~ per
cent more On the actual investment, aud
aggregates 62 per cent annual income
On every dollar invested, Nd that tho
amonnt stands m follows:
Amnuh, actually Invested t%a,ona.
An."ani feal.tsd ia bonds M af'nx eosd ~
Aasn, ns,,sas'.pans s,. 10 lena MIA.
AInount q. deposits, Oh which banks male
lssAhs. tt.t.,.,s,t,4.t.t,,....'ft. HbWo
Tho tt2. .foa realizes the use " .,t.,....t sJ.@N
Amount pf income ON above:
tnersst pay sahte IN Roid, average ~ rer cent.
ftslntnh, Al yer q nj. IN god 49,, .s. I p.uu
Interest nn bulls luaaest. l1tnH unlnteuEdea
~ ", ~ and ~ day psper. eruaito es ler |
Interest ~ asporii. the deposits ielns
nsasiy iaabe the capital " rhoAn ~ hasa
l.su stIual IL tls Whole capi vi, ~ VIII per
s"ht.,....s.tt t.t .tttt.t.......t.'a..tt poVi
II aiAnnual lusnnse son original sal,upul ta7 ~
Tim. showing tiht M Investment III |
unitsl States bonds hy the bank usur. |
eik III 81 ,thND earned M annual proilt of |
&27 ,O50, and that without taxation, or |
about 69 per cent. dividends 10 he pAid |
by the taI-lur,ien,d people. without the
slightest earthly benefit. 10 monopoly
of hank sristocrat~, who now proclaim II
b. be their duty anl mission 10 reduce
American labor 10 the lowest standard
ot European pnnpcrixed wages.
All u this time tho STANDARD of ~.
sponribll.ty of the Government waa ex-
Actly the same for grecnsAcks ~ II was
for bombs, except only that tho bonds
h0re interest aud the grcenbacks Ill
not.
The hanks have In this way filched
from the people oi the United Statss. IN
the fourteen years. the sum of el ,669,.
2s5, ,Dii 81, making nm aristoera,y ot
d. wcr, Of wealth, aud Of9pssociAted i'm.
pudence anil privileges which to-day de.
iits the Government and threatens civil
liberty.
Every dollar ol this mon~trous leech
would have heen sawed ~ th. people
and 10 thu dovernms nj II the Govern
mcnt had issued grcenbacks NJ full and
absolute legal tender for all debts. pub.
lie mud private, In place Of issuing
bonds.
Again, II the Government Ind issue 4
greenbackH Instead III honda, aud nude
\ sinking fund II the snm paid for In
terest on the bonds, ~ should to-day
have goll enough In the Treasury or it~
equivalent 10 have redeemed every dol
lMr ihal would have been is.ncd, aud
have thus been free from any national
debt.
These afe not random statements. they
are eDncretl fAats.
The interest. bearing debt, April |,
lA7i, VIA m follows:
ertHsiHai. fatsresf
~ pto a,v II per cent ,,..,,,,., ts9t ~ sspu
tI nj pWA per rsens.,,..ts...s., at,M Mo ~
81 t,sa. mlseeiAnenus ~ 4 per cent, Mi .ot. y
Total annual interest. ......,.., ~, y q ~
TIN. II about the present amount ot
annual interest WI Arc paying for the
oi tho bond luxury. Tho IN.
ter. Al t.hrating .irlt In. bc. Ii steadily IL.
ctoa.e.l sinec lHlid. aud ~ now eis..
AL ,tlHO less thnn II waH then; 10 that.
taking tht aver ~ l0r fourteen years,
thn interent hen bcrn NJ the rate oi
Gill I'M. 77D 10 yearly IN gold. Hal
this snm been funded II would have been
of millions mere than onr M.
tionnl .luht.
Thin II proxlmate estimate of what II
hAs cost the Government ~ bnili mp n
lontl-banking aEistNr,my u the expense
u every intcrcss but money. making the
laborer slave ~ capital. indn.sry a
4 rcling ~ money. bags, and the dov,
nrnment dnpc 10 nsnrvr~. Il
Hut thi. " fAr from MI. The taxes Oh
III I'm. .iDuO. .utAD. n 2 PER cent IL e;s2,-
UNI. ODO annually, which has been tax. u
from thr bond Mrinlocracy ~ bc imposed
mi ti,e hetraveal anil inspiltxssl nrtA ltae~ar
All ot thu .carit.l and Ill the profits
sll the exemptions grown, by fourteen
years of outrage, into immrnse proper
lions VI capital nnd powcr--are now con-
soli'latcl to SECURE tlle continuance III