The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1878-11-01

tlwas~ ratwAl~M.
R.,ailican WY H. the ,sren,sark
80 olg~,~e III. nsi,.nal banking system
~ hi,s,salss
National ll.s,amse ihe national hank
ing system il the m,s, sinl~n,lous ~ssn.
ilr. the mr~s outrageous scheme ~ r,h.
hrrs. ,ser l.ralisel ,,s frve l&orl..
Republican n u often y, asserted.
Int viii YIN mahe |, plain ~ Nil csn see
II ~ s.n ,l.s
National w will try; lct IL - int.
the lank a.r,s~ tl.s s,fsY.,. ANIL rrnsc II
hy ihr banker himself,
National Nr. Banker. ha~ mncl,
n,onv, did ,na lnan a. thu tsovernmenty
Banker tine million ,iollar~. sir,
National VIA, security ,li,l yon tnh.
f,r ,hr lmns
BANKER | took thu Governments
hond, payable IN twenty years, dn'~'ns
u lur cent, gold, interest,
National Dnyan still hold TINT lond
nankrr- NJ; l lMwnc,l II ~ thu u;n,'
.rnmcnt. nn,l received III il $saNl,EM of
national currency.
National What did yon 10 with thu
S9Nl,tsM III currency.
lsankcr--I paid il out to the people
for property.
National What security have the
people that the currency yon paid them
II goody
banker nv bond il on deposit ~
collateral for It's final redemption by
the Government.
National Then you have parted with
ninr.tcnths of your claim against the tiov
crnmcnt hy passing II over to the peo.
plc III exchange for their property h.
Ia either words, the pcoplc have refunded
to you ~ per cent. of your loan to thu
Government. anil taken lcin on yon,
hnndg
Banker Nes.
National Do thc people draw from
the Government ninc.tenths, or their
proportion, III the interest OH thu bond 7
Banker -Oh. no, ! still continue to
draw thu entire interest, without being
taxed. while the people who own nine
tcnths III the clnim draw NJ interest
aud arr taxed tn ray mime
National Then renlly thu Govern
ment owes YOU hut SlM,uaO of the
million. yen having transferred SsNN',sNN
of the claim ta the people, and al the
aaMe time the latter are taNel II ras
vun interest on thu whole
Banker Those are nlnnt thu tatis
under the law.
National II Whit extent dues the
law allow snn bankers ~ carry this sys'
tenn II speculation
Banker W. are moi limited i, law.
W. ran rarry II IL The extent II thu
bonded deb, III the nation; and. ~ lnhn
Sherman " obliged t. increase thr
bonded debt from year u yenr 10 ohtnin
gold u nay Interest," W. can carry Il ~
thu extent ut onr opportunities ior
Speculation. II In nnc nj tho nirrst
schemes over invented. II il like u
ratclae, wheel II takes NIL md gives
nothing The whole people arc taxed
IL pay NJ interest On whit they ,fo H0l
onr. while WI arr exempt. even from
onr own burdens
National do you expect IT, hypothcr
cate more III your bonds for currency
and transfer them IL the people fns
property
1lankcr Yes, IN Noon ~ va can Ret
| the internal grccnhacks ont Of enmpeti'
/ tion. and property vMltcs ARE d.prc'
ciutcsl enough ID enable I'm to rope IN =:
worth for n of currency.
/ This W. intended to tlo when We got
n clause inserted IN tho Redemption aci
/ IL allow IN IL initiate nnr hunk rnrrenc.
without limit
National What amount of bonds tlc
You now hold, which You are " hberi,
IL "pnt np' for hank currcncyg
Banker Ncur AlONNl. .ONNtHM, with
whit W. already have up.
National Hy handling tho $1,000.
thNl,,AM III bonds an.l the nine.tenths nl
N, NM, ,tsNl tNND III currency, as You III.
! your Al ,tNO, NM and $.NNn,tAM of cMrrcn
cy, what would hc the resnlt, financially
II your inyestmentY
banker The result will bc. w shal
carry hut onc.tcnth. Or 1900, O,MM.MM q
tho public debt. while drawing intereH
on tho whole. The people will carr,
nine -tcnths VI the burden. draw no IN
tcrcss, Int have thu privilege of paving
ours.
I National How much will yonr MI
nuMl interest amount sof
Banker Alpnt <Nl.tANl.tAM.
! National What III tl,c Taxpayers ~
IN rctmrn2
Banker. Nothing.
National Then yoM contracted 4
extend certain favor ~ the Govern
mcnt, for which yon were to vetiv
@tOl, INN, ,OtAl In gold, per year. from tli
people. hut, through the agency 4
your national banking machinery. ~
nrc enabled 10 make the people pcrfnr,
ninc.tcntl,s ot your contract. while W
receive The entire reward. IL not TIL
most outrageous robbery a swindl
n.an thu people,
Banker John Il. DeShlcr, Prcsi.lcl
Fnnklin National blank, Culnmh,
Ohio III tho people arc such -
fools ~ ID vote for men - put Sistdl,
on their hacks. spurs on my hoots. MI
then invite me- 10 ride. nm not goin
on foDt. II II IN robbery, the lNopl
who sustain tho party TINT authorize
robbery Arr u blame. and not tle rol
hrrn. The .4ir0cdff.