The examiner., 1881-12-10

Have the People Complain Where's the Slave Would Wear Fetter!

No. III.
 The best way to judge of the policy of the men who have had the control of the administration of our government, is to examine their past record, and in the light thus afforded us we shall be better able to say whether we ought to endorse this policy or trust these men ill the future.
 If we discover that our household ser vant has consorted with thieves and rob- bers, betraying his trust in order that he might share ill their spells, we ought to be that servant again.
 So if men whom the people have chosen to guard and protect their interest are found to have betrayed them into the hands of swindling sharpers, it follows these representatives or others holding to the same policy, can no longer be trusted.
 It is with a view of turning the eyes of those who read these articles upon this record that we go back and go over mat ters which to some may seem to be unim- portant, and at the present time of no in terest. Again, history of acts done ill the past is something we can point to without fear of being contradicted.
 At the close of the last article we found that the so-cal1ed financiers of the coun- try, by their manipulation of Congress, had forced the importers to buy their gold and pay any price which they (the finan- ciers) might see fit to ask.
 Let us see what steps were next taken by these men after they had come into possession of the dishonest greenback.
 We would now call your attention to the formation of that gigantic plot against the people, which enabled the bankers to carry on a system of legalized robbery. We mean the system as it was organized and as it exists to-day. It authorizes the formation of monopolies called national banks which, having purchased a certain amount of government bonds, could de- posit them ill Washington and receive for them in return ninety dollars for every hundred, ill kind of paper money called national banknotes. The banks should the bonds so deposited and yet have ninety per cent. of that amount returned to them to form their capital in estab- fishing and running bank. This money, which they obtain from the government for nothing, they lend to farmers, mer chants and mechanics. for seven, ten and twelve per cent. interest, in advance, ac- cording to the locality of their operations, east or west. Contemplate with us for @ their position. We will say they have forty thousand dollars capital in gold to commence with. This they could exchange for one hundred thousand dol liars in greenbacks. They could then ex- change these greenbacks for one hundred thousand dollars in government bonds, receiving six or seven per cent. interest in gold and free from taxation. They could then deposit their one hundred thousand dollars in bonds with the government, re- ceive their interest on the full amount. and yet get back ninety thousand dollars with which to perform their banking ope~ rations. Is it any longer any surprise that they were able to sap the industries of the country and control at will the fate of thousands of our citizens. But their ope rations did not cease here. They were not satisfied to have their interest on the
 
 passage of an act in Congress, called an act to strengthen the public credit, where by they make the bond itself payable in gold, after it has been issued and come into their possession, at the rate of forty and fifty cents on the dollar in gold. They next demonetize silver, thereby making gold the only legal money in the country capable of performing all of it's work, while they themselves are the possessers of the gold, and the government must first obtain it, either di- rectly or indirectly, of them, before it can be able to pay back to them. Next, to have the government and the people more completely in their control, they take measures to draw in from the coun- try the greenbacks, which, notwithstand ing their being dishonored by the govern ment, are still busily employed by the people ill all kinds of business and product i've industry ; but they raise the cry their tools, the newspapers, "We must contract the currency" The gov must draw in the greenbacks upon which they are paying no interest, burn them up, and issue non-taxable bonds. upon which the people will be obliged to pay interest, to take the place of the money SO destroyed. F. E.. c.
 Land Taarua Naatinp