Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1878-10-07

tramps. Things have gone from bad to
worse, till money-loaning has been the only
paying business in this country.
[ learn in Minnesota your money lenders
demand from II to "a per cent. per annum.
There IS no legitimate business that can
afford this. What kind of chance does
cotton or wooden manufacturer of Minneso-
"a stand with New Highlander, who gets
his money at per cent. The rule of the
money power must cease, and that article so
necessary to represent our exchanges of
property must be easier obtained. Why
make the most needed commodity in the
land the hardest to possess. We were told
If silver was remonetized gold would go
up. Did it do SO? No. Why? because no
one wanted gold. We were told if we made
legal tender of the silver dollar of 41215
grains weight no one would take it; vet out
East banks prefer to take them at their face
value to a trade dollar, containing seven
! and one half grains more of silver. How
| singular it is to see gold dollar exchanged
for four silver quarters, only weighing $50
grains, while trade dollar, containing 42O
grains is only good for 80 cents. Does not
| this put an end to the intrinsic value nom
| sense.
1t seems to me it is because the govern
ment says it will pay debts and buy anything
you want at its face value; that is all
there is to money token; it is just what
the government says it is good for and moth
with the people; they love that kind of cur
rency. It's security lies in the whole wealth
of the land. It has done wonders in this
country. 1t paid our soldiers and fed their
wives and children, while the monied man
staid at home and speculated out of the
! nations necessities.
The greenbackers propose to pay the $50
| bonds with this kind of money. It will
stop taxation and interest; it will
be good because the government will make
it legal tender, and it will enter into bust
ness and enliven it. Money can be loaned
at less rate of interest because the supply
will be doubled. Our great products, wheat,
cotton, corn, cattle. pork, etc., that we have
to sell, will bring us more gold than bankers
will care to see idle in their vaults, and if a
law is passed foroidding buying and selling
the money tokens of this government at
less than their face value, the greenback dol
lar will be worth more than the ones of gold.
The object of parties is to meet the peo-
pies wants, and woe to that one who directs
itself to the interest of only 2 per cent. and
to the hardship and injury of the other So.
The people are now studying finance. They
have always left it to the kid glove banker
they are leaning fast, and the seed sowed by
the Democratic pla form of 1868, and by the
speeches and votes of their Dem ocratic Con-
9ressmen while the various acts have been
under discussion = by the more recent
speeches of Thurman, Voorhees,, Ewing.
Pendaeton and others, all good, safe, sound
Democrats, is bearing its fruit, and if there
are any Democrats here in Minnesota that
want to leave their party and go with the
one who can steal the Presidency and make
Credit Mobelier, whisk !, Indian trader aud
other stealing rings, they are at liberty to
take the sage advice or the Pioneer Press or
any other ring paper. II. N. NJ.