The Somerset press. [volume] (Somerset, Ohio) 1873-1977, 1878-08-15

Expense Of labor. Il
I hope my friends that you are not as sig-
lcrant of the value Of the six hundred !
million dollars as / am. This sum is be-
-ond my limited comprehension. / have :
only been able to partially comprehend it !
oy dividing it in she following manner, and .
still it is not satisfactory:
Isuppose this enormous sum is to be dug |
put of our western mountains by hard Ia I
Dor, and coined into the dollar of the I
'Daddies'" l divide it into lots of two +,
pounds each, that being reason
able load for two horses to haul on wag-
ons, fifty thousand horses, twenty FIVE ]
drivers, and considering the low
standard Of public honesty, it may be
proper to haqe guard Of three persons to
watch each wagon, one at the rear ofthe
one at each side and the driver at
the front, might protect this treasurer
This arrangement would require the servi-
ces Of one hundred thousand able-bodied
tramps, and at least that many would have
employment This money must be paid
over to the Eastern Shylocks who made
such q favorable contrast in the changing
of the bonds from the payment in green
backs to gold, but will take the dollar OF
our "Daddies" rather than make muss
about it. Il might be well to appoint some
agent to superintended the delivery Of the
money. Twenty-Five thousand two horse |
teams, allowing twenty-five feet to be oc-
cupied by each team, would form process
sion about one hundred and eighteen miles
long. John could not attend to that |
length of line himself, and IF not closely
watched, few wagon loads might get lost
while in transit.
Laborers, farmers. mechanics aud all
who make their living by the sweat of
their brow, and in addition must pay this
enormous debt ont of their hard earnings,
how long will you submit to such outrages
and still continue to click the hand lust
raised to shed your blood"
BANKS
By class laws We have now two thousand
National Banks, with a circulation of
about three hundred and fifty millions
of ofdollars. These banks are all incorpor-
ated-ideai persons-and in the language
| of a great ijurist, they have no backside to
be "kicked nor soul to be damned" Mr.
Banker who starts the business, procures
one hundred thousand dollars in bonds
bearing six per. cent, and not taxable,
which makes the interest equal to eight
per cent. He deposits these bonds with the
Treasurer; the Nation becomes responsible
for their safe keeping. The Treasurer
hands Mr.. Banker ninety thousand dollars
in National Bank paper to loan to the la
borer at from eight to twenty per cent in
terest. You must bear in mind that the
industry of the country must pay all this
interest-it comes out of the proceeds of
your labor. How is the account between
Il.
Banker deposits the hundred thousand dol
lar bond, but is still entitled to draw the
interest, bearing six thousand dollars per
year, and saving the tax, making the inter
J est equal to eight thousand dollars per an
mum. The treasurer hands the banke,
ninety thousand dollars in National bank
paper and charges no interest on this paper
! The banker has just ten Thousand dollars
capital invested and no more and your la.
Dor is taxed to pay this banker eight thou
/ aand dollars per annum for the interest Oh
that ten thousand This is what Mr.
Banker calls the science of finances and al
; leges that it is entirely too complicated fol
r the common run of mankind to understand
| have no unkind feelings against bankers
but must most emphatically condemn th
principle upon which they are established
D as being inimical to the best interests O
Y our country.
t When the banker deposits his bonds
+ and wants money to go into banking, or in
stead of the government lending him ninet
per rcent, of National bank paper withou
e interest, why not let him have ninety pe
# cent. IN greenbacks credit on the back c
70 the bond and then pay over the remainin
=, ten thousand dollars, cancel the bond an
be done with it, and let the banker do bus
)f mess on his own money or credit like a
: citizens. You see by this statement
= facts that these bankers are the well fet
!, we'll clad drones in the great hive of indu
~ try, and that they eat their bread in th
e sweat of your sun burned brows, contrar
8 to the divine injunction, and to every pril
: cipal of common honesty, between man an
> man. Why, my friends, when I look
'h these great wrongs that are submitted to /
st intelligent men for years, sometimes thin
r there is mistake in saying that the hums
ds family is the superior part of the anim
creation. When the lazy, dishonest be
III in the hive quit gathering honey, and tut
at bankers OF drones in the hives, and cor
r. mence to absorb aud appropriate to the
no own use the proceeds of the labor of the
fellow bees, that little insect minifests mo
1T judgement than the laboring men of Il
ay world seem to do. The laboring bees ho
Id a court or counsel of some kind, try Il
90 drone bankers for neglect to labor, fiji
them guilty and sting them all to deaf
no and one general bee bankers funeral Or
es tects the hive and its young from hung
be and starvation by the fraud and larceny
b,, the drones. Repeal this infamous bankil
~ law, sting them to death like the bee dc
W the drone substitute greenbracks which W
w. cost the industry of the country nothir
re. and thus save the interest and tax on abo
be four hundred millions, amounting to thin
two millions each year, or seventy fl
ur cents per capita on our whole populatic
to Apply this saving to buying bread
as- our hungry children, and when YOU ia
~ home the dozen loves tell them that it
W but mere speck of what the money shay,
he have been defrauding them out of for t
ed past fifteen years, but that you will I
he permit it any longer. Oh, how their lit
. eyes will glisten and their little hands W
- :, clap for JOY, and thank their great Crea
all and you Tor their deliverance from the crl
est suffering imposed upon them by the hea
ID less and soulless money power of the laI
- Another view of the great wrong: A
ing laboring man with wife and "ni
'or small children and one at the breast" ov
at small house and lot, worth three or fe
ION hundred dollars, located in some dirty ,
rad improved back alley or street, and
~ ~ with one million in bonds, wife and th
III children, old enough to go to school.
inorder to save trouble, boards at so
la first-class boarding house or hotel, enj,
nm all the luxuries of life and all the prot
~ on tions of the law. There is q tax levied
its' State purposes, tax for county purposes,
in for roads, tax for bridges, tax for scho,
us. tax for police, tax for the poor, tax for '
mo ter, tax for gas, tax for Market House.
'r' for Court House, public buildings and
loi- for cemetery where all are buried.
one these are not taxes enough you include
rm remainder.) All these taxes are levied
ied the property, real and personal, of
:, city, including the little hovel of A.
the being a millionairehas great influence W
i'm the legislative departments of the State
l. niHr nduirnr nncflrr