The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1878-01-04


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IN NJ thst ths K@4nae esst was siAuHA rs H.
~ Funsssne Apwn smns tls,ae ~ lev ~ a. The
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ns4 tas a. .xevs'i AZ sststA - lho aulias. and
I'd ifsa BIT uessahnetsi haasds ~ isss varying
sssan q t~s ests. IT, A.iA H.atls suasil.nt h.s
mssus ~ tbs start. 1hss Ms tie tfss rrs u
itsin-msas III nsl. hi. Investment.
Tn s~smd wAa Hsatis fHsssa The Eahks
frs .Arh dcilAs rlar svnstl II ihtar l~snas,
~sse astysr~A M,tst ens, HI talk. which ihss
~sw l*tmA,ssA h. i.na 81 IAnker% sllssunn,
rates, NH ~hteh was saslss AAVst III t4f resd.
additional in.rr.s TIM securing .llrrr,l, Il
bankers IN equivalent u abaa,i II i#t cent. in
t.so&t.
The hAnks w.se also entitled sa ,.sx.is. De.
po.its and di~'uan, Oh them. The amoun, of
The deposits average about tspu.,0s nDa "
mefr than .,sce aud a half the amu,ini IL
tl.esf honds, aud CAV. the bankers a pruiii ei
II isssi 4 ist cent net, and increasing THEN
annual earnings Ia mol less than fsr.ssfytA,ss
TT sns. A. q email offst, IT, this profit, cact,
tank was required To hull 4 percentage al
lslnds ~ security ~ dcrpxitois. ani the amount
in tlr i0naH 80 he'll amounted to abau,
-lt,tsn,0cO. making the gross amnnn. II
hs'ris held w the tanks directly rA5i. t3G. a7H.
Another advantage given ~ the hanks was
that all the bonds they held we're exempt from
t,sAsion, but ~ the banks ar, subject, ~ an.
ether provision ~ the law. 10 taxation Oh their
deIsoslts onc.half ~ lcr celt,, and per cent
on th,tr average circulation, and one-half oi
per cent. upon the average amount 81 then
capital not invested IN United States stocks
the tanks have made combined and str,nuou,
e6otts 10 got rid " this tax NJ onerou-.
shall take occasion % show III. relation thcss
taNes lear ~ their net profit. ~ compared
with other investments and property. I'll,
anks, NJ \ further advantage, were made M,
fiscal agents ~ III. Uus.rlnn. iii a. s.ii th,
hands " thc rnitcl States, and FROM tLss ~,
plosmsni made u considerable gam until lh,
sNsTFthIy W tNt lfth~HIA NNtMuHsttu IiS rNll
diast. System ~ negotiating huidr.
have thus statci the msnituu advantage
aud nahcafd-of privileges bestowed upon Ina
uonsl ba6k. - M iuduceinent tor capital an,
capitalists 10 tnves. their money and intirunc.
In support VI tho Government. The Na,iona
iAnk act was war measure, aud was. perhaps
jusinrd ny the uAiEuiiccs III the tiinrs ami IN
ahsoiuit demands VI IN. treasury II mo.t tn
tnustnuus expenses III tho war
The reason which may have jasli'i,d the psiy
lefOs Aild ttnmunitine IN thu national bank ~
tenn las long Slnc. cuascL. The, are TO-DAY
burden aud taN urnn thu prulla ii il in,tDs
n.hlc ~ Justify and sunnd pues demand. lhA
tn. Offensive features nf tue SYSTEM ehs be u
ullcv abrogat.t.
lat me- nov call your attention. IL tho lntlu
.nee they are exercising a. premium fpr Thea
sxeinssene,s, ihe.i arrogance, uni tli.ig dsta
tlai,.
Thss are more sovereign Ia their control
inHfe arrogant M their management, sna Nor
dstatoriAi IA shaping the manes nnike, ,ha
Any combination Mhlshes. nnderto,k ilron n
thu iihane,s ~ mould lhs psnes uf III. Gng.r,
M.ht. liza iii-. YIN may RAY Il an.fr nrrl .u,
tlaa. lat ~ iuah III fht.',, about which NJ
man Il letter informed than saufseif Tl.
Whole banking interest II thu national Lanks /
INIT. II i s,nsruli.d ~ ono s,s;c
Ut law. Il has follapl lt..lf int
All association regulated III Ininafe condition,
carefully prepared bsslaas u fund u,.ly limte
by the dvRiHf'ir nade upon II. II has bat ~,
atH.. lin, hui o,.s lasfpas. IH0IIT II
- uta THIS lts regulation ii1Ma fiall the grea
artsriai center Int. EVERY win III olir iiuancia
Htsistii. 10 eods ~ Laws, liLr lhuss az ii,
sf#fin suuiunH. resk 10 .uspl Iii. t.ulseA ~ thin
absolute a,Nrl which l. eaI,ahl. OF r.arh,n
every element " legislative isliin.nen II ce
s~Ay nr which corruption ran bHs. Whatryr
measure " 1.k~ ~ control III State Legislation
u controls whatever Il s..ka q accomplish i
Washington II prepares IN advance. There /
not Congressman NJ Naak ~ tn hs arce..i,,l
70 iiat,cry ~ hli.seiy thu il III, fst,erel i
hril'ad 70 their purpose, II tie member 10 10
you'd direct approach. he II measured aud sur
rounded by thnse aduetisa lin ii.Am,n,
their agents 70 we'll understand. livery mem
lNr Enen - Washington aith aafa~ pol inca sur,
ut his district, ar rufi Interest l.e i committu,
u and ambitious 10 pm 4, md III him cas.s al,
ftui that n,easnr. vii nni hteam. a Law an
lnss IT. advocate pledges hlns.lf ID tle III,
nlAusls ~ the haak monopoly. Its motto IL
Etrrhal Vigilance. IT. agents are sl.cpl.s
aud ihd.fAtigALl. AID one. iii motion il r,,cL
III ~ victim W. certainly ~ the duyll.lAl
drA~a ~ object Into IT. sl.ath embrace. III
DAY the pron'iaon. ohlcet il tie ahruaailon
the tsN.s imposed ~ IT. eileuiaiiu it, ,lppas
IT., and that part II IL capital IN, invested i,
TN. st.rks. And thu. Il t,st Il i.enlpr vi,
has not becn App.alea 10. e1as.ll OF Threaten,
70 tlie last verge II hnmAn ingenuity. |
Mas through tue leaders If tLis tat.rcx
thai You we're rnliagatsd u tl.r pun
ioTe Into tiai Recommendation a.
is'lg the period ~ H.afing sIs.i. pou..,.
- Inv If n, lqua, iuu know. ur ,u,l M,r. IL
cAe'tnxhiy iguur.i.t. tlle fnlh iii. ranlu kind d
m"seii,nn' ~ England III i-i7 brought nIo.
the people, this industry. aud Every nlat..i,H
,ilarest ~ tirrat britain. lu,l knew that u,e,,
tnuti ~ fntru Nrosis payment In that country
and IN this, hsd eLdtd III Iu.ses SUFFICIENT 10 All,
lAil esety trade aud .nIih,lssu every eu.srpris..
You Apuw, too, tnat ~. people II largo did no
demand tho measure that Hu at,o but banker,
aud dealers IA III. funds could b. benefited i,
u, aud yet You not only leeonllu nsicd ii, hui
You nave urged II hsusefy appliance tLu treas
uit could coinmand. A.u have taken into sou,
epniid0ncs such Hessiai~ ~ Jay Gould aud III,
gambling cchoatss and thu American people
sroln 0ue cnd " thu land ~ III. other, alu Ia.
INFLATED and uInsiMeUd i,y thu Infamous a.~xi.
alton. ics, ~, vi. nation l,oks hack 10 III
pssltion yun occupied III lilo SENATE of th,
Itist0d Mates MAtta lAp i.Nal.i.ndrg clause ~,
u. subject " debate. and when every intur,.,
" tho isnd Lul lhAt nniah NAs represented IN
llu uilMnAiuu aud ssaII Ai.n- .l.4.tn1A ILL III.