The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1880-01-30

800 N&swNN4 WINE WV @W
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It'll
f1rsG In rsuinnn she sslssenrs II
I've rasinpsl iAnha into ~ saAiAA
monopoly ~ banking privileges.
Sssuni " ~enttui she tArnrs anil
The currency II The nasinn ~ defeating
Nll Legislation tending ~ lssesn tn
lwwsf ~ diminish shs monopoly "a tie
nelnnai henks
r. understand IA purposes IA IL e..
ten'Nal w understand thr hissnft M M
Htrwth tie rxsrni III i.s profits. eni
ths rnsvf N can exercise iur pnai ~
sstl.
Wh.n u had fashioned it, Law, when
II lai runsnhnAsel III conditions. and
laMapiiea iis nsnr, iutn Conrtrssiun, il
Il unnpoli.s, hinder iikr. IL ", held
lack. creating suspicious. magnifsinn
The t,a~vr III gold. and ,lrpfrrsasing
national credit, I'LL N forced e,in ~
mere than double III value. Then,
lHi'ri States londs having hern iise,l
~ the basis. aud gold a. The standard
III theit value, capital commenced IN
purchase bonds, The Dnnk bin rassrl
Marrh III. iss,J, To get nj jnst what
the bankers paid for their bonds, ".
must establish tho price NJ gold nj .hr
periods when tho bonds were soll Wy
The Government and purchased hy tile
bankers. Thu price NJ GOLD from April
l. 1911, 10 Ian. /, fsGt. varied from ~,
IL I'm. averaging iib. During TIL
time sixtv.six banks were organized.
with capital stock III III LIS, as,3. making
apront 10 the bankers ~
. a,aaassH IN
fsrm IAN. |. ~, III Ian. |.
~. FRS hanks ~ers ur9Hniysd.
With II raIiiai nj tsGsfF5@a.
Iha average price ~ euil was
ait. hsilns 'front.' =" The
,r9m lan !. IA i Isn. /,
~, lRh hsnhs we're organ
fvi with capital nt 49,.
itttt Tile rflet ~ gilt IS
tfsena hi ~, nshihs 4 PRINT
Nv Viz hanlafa 4 ssef4#ss43 IA tus8 49,. aykGN
1rs,n IAn /. w. ~ ian. l.
vi. i3i tsfts write uraAnl1e1
wiih 4 eafls.l af So Hiailg,
th# nfiss ~ gold averaged ~.
,Hahlnts Ff.ht ~ the bath
Irr,s. lan |. ~ u BAL. i.
~ tiF iAstsas II capital wss
si I'm a#ai seFrns, w#a
WHfth ~ percent Ttts bstts
,uaia rfan, et,a.t4ft.tat h.0ssa.a0H ~
Making 4 tu'sl rreh, ~ stat.Da1.tsr ~
Showing the absolute profit made IN
tho investment ~ have beel more tlnn
four times tho capita, of tho lin TX III
tho United States, when II controlled
the Senate, Congress aud tile money III
the Union; and more than tl7.DND,uDO
more tlian The entire capital of thu link
II England. which controls tho Hu.nceh
al Inc Iiiili@l, empire,
Not cunterled Will, this enormous
bounty. thu United blaies WIS forced
q obligAse tile people 10 exempt MI III
bonds from taxation. and ~ pay In
rest Ia geld on III. face u the bDnds.
.mely. on
.,,'et fialsr hcnis ~ .seufs fifsaIs
fnts..1tstts 49, tsf8s fHH a4 ~
snl,ei Hta'ss hDaas iqt naetsa ast8,. II hii has
Tidal ACKNOWLEDGEMENTS tgt.Aas ahpp
This represents tho bonds held by
the banks Ia III and the amount slops
mt materially vary. Assuring the IN.
tefcsl " have been y per cent. In gold,
mud tin average premium on gold frum
1HGl 10 1h74 10 have leon 90 per cent,
thu interest would equal y per cent. la
currency. 0f Nh annual sum III
0a0, tDb.ON0.Nt
~ yearly bounty, which, taking tho
fourteen years the banks have been In
operation, foOts up u tlr sum u s5t7..
k.,o,.5i.N, which, added ~ ihe profit on
ilin londs, tlG7 ,alb, 777.2O, makes III
aggregate Of profits III
o1Ia.si0,Gas ~.
These figures, enormous m they arc,
Are Int tho simple GnumrratOrs III thu
m0st gigantic swindlc that VIVA ever Inn
posed upon civilized people. There
h nothing IN the history VI The world ~
compare witl,it III enormity, aud every
dollar NJ II nAa bkEN nrDfks sHsM Tuk
raxtD AND rAIltsT rEuiLk IL be given
~ the untaxeI lnonopplisss.
hut, thus iar. have only reached the
corner. stone 81 lin temple III tiiH hank.
trx' privileges. The entire investment
In tlie purchase NJ thu aAiu,HtG, 800 ~
unilad Mates bonds iOr banking pur,
poses WINS but sID7 tor ,23y. This rep
tcsrnts tin Anm In money invested ~
capital by all tlu, national banks. They
tllus started with ~ per- cent. Invest.
ment. The nrxt stop Iii their monopoly
~ f0r Tho United states 10 Issue 10
tiscse banks w leF cent. ID national.
bnDk n0tes, representing il,e credit ~
tho United states. amounting 10 tho
sum ri
0yDU,Oftb.iND0
~ lend, Tor this currency wsA money,
which tho bankers received lrDm III
Government 70 nsc for banking pnr.
poses. THIS shows what tho bankers
net for their