Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1878-10-10

sno WV az MO SApobSo We suou!u
join the most frantic greenbacker in
laughing at his calamity. But the
greenbacks which the capitalist gets
for his bonds to morrow would next
day be absorbed in mortgages on in
dividual borrowers and when they
are all absorbed in this way they
would bel refused at the money GEN.
tres and then who are the losers?
We can see prudential reasons for
not exposing the scheme to the bot
tom, but the men who make money
By handling money dislike the argu.
ment or the showing up of the fact
that this whole scheme is D plot by
certain class of capitalists 20 rob
industry. If the exposure is made
that money men are at the
bottom ofit, men who deal in money
however fairly and honestly will find
that other men will class them with
the worst. This is unpleasant but
the whole truth cannot be got at
without putting the crime where it
belongs. ID tliaia9at e8I as
We showed last week that FIVE of
the measures urged by the "Nation-
ais" are directly in the interest of the
Shylocks. Their other measures
tend the same way, For Instance,
one is. Tax, all, property alike. !"
That is, Vanderbilt who is worth a
hundred millions must be taxed cay
two per centum, A laborer worth
| one hundred dollars must be taxed
"alike,'' two per centum. Yet VAN
derbilt gains ten millions between
tax paying times while the laborer
has to use part of his hundred to
live upon through the hard times.
Now the industrious people who con-
scientiously think the times are out
ofjoint and want to get things even
! would not say TAX all property
alike" If the making of the plat.
form was left to them they would
say, tar those most ,Oh0 are most able
to p4y. But your Pomeroys. Buffers,
Goulds and other Wall street back ers
of your Shupes have forestalled you
by putting in what has fair look,
'Tax all property alike" and the
man at the forge or the plow don't
stop to see whether there is cat in
the meal. Similarly all measures
proposed by the head leaders are
gull traps. Their ultimate design is
to rob industry of all that it has an
ownership in and make labor the
slave.
| We return to the points exposed
last week, First we showed that free
coinage would take from the people
over S., 1000, 900 annually and give to a
few rich Bonnnza kings.
| Second,we showed that abolishing
the National banks would relieve
their rich owners of over SIS, 900, 0OO
annually paid in taxes and which OF
course the people would have to
make up.
Third, we showed that to tax gov.
eminent bonds would make them
cost the people more than double
what they now do. There is $780,
100000 annually. ..f-.
Fourth, we showed that adopting
the seven and three-tenths and the
compound interest "currency" would
add, say, S6,000,O 900 annually to our
Interest burdens.
! Fifth, we represented. we think
correctly, that the people may lose,
millions by having an improper
quantity ofsilver forced among them.
| Put these all together and it APP
pears that the adoption of the meas
ures proposed will cost the indus
trious people-farmers, mechanics
laborers, merchants-over $3.50, O00,-
600, annually, and these millions will
go straight into the riches Of the
Wall street and other millionaires,
to make the rich richer at the ex-
pense of labor.
But tho simple minded Greenback.
err will say, we will check all this by
paying off the bonds in greenbacks,
which have no interest. Pay off the
bonds-all the bonds--and save the
s97, 100000 interest. This is the
way, they say they will get over ST.
700, 100000 moro money in circula-
ton. There would be then over two
billion dollars of money. The capit-
alist would not keep it III were not
drawing interest, they say. What
would they do with it2 They would
put it to work, say our friends. Sam
Cary said they would send it west
20 build cheese factories. If accept
ted by them it is probably true that
they would not keep it idle. They
would got it into other peoples hands.
They would not let it spoil in theirs.
| We're such men ever known to be the
losers in crash ? Were our farm
ers ever sharper than they in money
transactions Yes, they would get
lit out among the people. They
wosld send some of it to our Lees,
our Battles, our Joneses, our Allises
for mortgages upon their farms and
factories. Some Of it would go to
other countries and other States.
Over two thousand millions might
be put ont. The capitalists who let
it come out would not have Govern
ment bonds at per cent. fol, it. They
would have mortgages upon the
homes, shops. industries of the peo-
pie all over the land, with notes
bearing Z to II per cent. interest.
Make good times would il? Well,
when all this paper is ont among the
people--three times more than was
ever ont before, what then 7 What
has always been the result in such
cases? What was it in the John
Law scheme-preeisely such q one
as.this, when the whole French ma
ton, as q Government was supposed
| to stand behind the paper? What
| was it 10 this country, with our con.
/ .;,ontaI manav? History furnishes