The Somerset press. [volume] (Somerset, Ohio) 1873-1977, 1882-04-06


Wen, ask: How are you going to investY'
He replies: Z" In Northwestern Iowa; buy
land at a low price. While Idon't believe I'm a
man owning too much land, still am going to
invest my money in land; am going to make
the country bud and blossom like rose.
ann ann aPle 70 e pay & taxes , and and, to york on
to Washington He says: liam obliged to
go; my patents are all at the General Office
All right, go with me on to Washington"
We arrive and get our breakfast. He hires a
boy to show him the Land-ofiice while Jump
on a car for the Treasury Department They
are selling four-and-a-half per cent. bonds at
par. l buy a $4,000 bond while he a satchel
siyhts-the Capitol and conservatory and
White House and State Department. By that
time we are about tired out; Now" said |;
s1'a great ns s ssit for aed no%s, aaa u go
to-. 70 Joliet and he to his land sdr.ItsSs, Now,
OF that gentleman. No calamity can befall
my investment. Nothing but the destruction
of this Government can jeopardize my money,
while smith has large contract on his hands,
begins to buy mules and carts, ani hires II
to talk Ike a capitalist. take up the laws of
the country and begin their study: read in
the law that can take my $4,000 Of ~ per
cent bonds and make 1t the basis of a National
Bank here in Joliet, and can draw 30 per cent.
Of the market value Of my bonds in National
the law here. / look at the quotations and see
the ~ per cents are all sold and that SLH Is
their market value. In figuring a little find
%oPts Ps1 in of III market 81 Done %aee
another trip to Wash ngton, take my $4,000
bond and deposit II in the vault of the Treas
IL, get f513DO of National Bank notes. bring
the same to yol ct and start my National Bank.
That makes $l0l 200 into which have convert
ed $4,000 inside of six weeks. without doing a
days work. These National Bank notes come
in big sheets two and half feet square, you
know. On my way back stop al. Chicago TO
get my counter, buy my safe and put every
/ am now Sitting in the Presidents Office
SMOKING s1tS Ia Havana cigar ana along on Zones eomes
and say "HeIio, Smith. come in" He comes
I'm, looking crcst l say: "Smith, don't you
raw iandS' Ne says: mo. I dop't from you"
[Laughter.I .'whyY' "Because you had no
bought bond up at the Treasury Department
have S5l 300 in National Bank notes you want
to loan; you can'tloan 1t to me-" ! ask why.
He replies: because Abe Lincoln's party is In
power, thank God; they did not get 1t out in
1880 What do you mean by thatY' Says
and you can't loan It to me-" ask him to ex-
plain. He says: Il am going to the Secretary
Of the Treasury and Comptroller to see about
It. intend to read an extract from the first
annual message of Abraham Lincoln. Here
IT n; :, ...,a. =, ,-lF a.
which i desire to call the attention of the peo-
pie and Congress. 1t IL the attempt that is be
Ing made TO place capital upon an equal footing
Of the Government. Labor is prior to capital.
Capital Is but the fruit of labor. Capital could
not exist IL labor had not at first existed
Therefore, labor deserves much the higher con-
sideration' lApplause.] o.
"Then propose to ask them to carry out
Lincoln Republicanism in the affairs Of Gov
ask them II they know weaver, at Joliet and il
they have his bond in safe keeping for him,
and are paying him interest ON all OF it. They
they let him have $5l, 800 in addition, at one
per cent. per annum? This they must admit.
Thsn will just say to those gentlemen:
You believe labor is entitled to much the
higher consideration, Here are my patents for
my land. Pam laboring man.. Now give me
e5L300 on my land and will be equal TO
Weaver as soon as get my land exempt from
taxes" SO he goes to Washington and goes
through the lingo with the Secretary of the
Treasury. He Is q little green about it, and
they take him for some country jake, but when
be asks for $1,000 on his patents he looks
bei Witch Gnu connecis s With I the Ps Ppoice H iie The
VINO VINO ssne' asRs what is f the 0 matter. %hy
his right mind. Take him out" "why," says
Smith, am not crazy. I only wanted to
carry out Abe Lincoln's policy" [Laughter.l
| gulf between modern Republicanism and the
Republicanism of Abraham Lincoln as wide
and as deep as the abyss between Lazarus and
Dives. Lazarus being in Abraham's bosom
and Dives in Hades. lApplause.] There is
| no resemblance whatever between them. So
the sw tSe many Se Tn
absolutely gives to these wealthy men in
money ninety per cent: of the market value
| of their bonds, continuing to pay them inter
est on all of it. And not only that, but it
clothes them with the enormous power of
| putting this money in circulation and taking
| 1t out again at pleasure, bringing bankruptcy
| and ruin ON the whole country. Every force
| in modern civilization has been taken away
from the people and given into the hands of
these monopolistssl The Government has alb
dicated, and to-day it is not Government of
the people, by the people and for the people"
but Government of corporations, by the
! corporations and for the corporations. Jap
Now, apropos of what ]. am saying on this
% Sere from @ report & Of the he Cnamber han e Of % Con
| merce in the city of Manchester, Eng. This is
one of the greatest labor districts in the world,
the Chamber Of Commerce Of the city of Man
| chester made the following report at one of
its regular meetings: Although it scarcely
| ject, the Board will add o reflection upon the
subject of the undue privileges assumed by
the Bank of England. That such power over
] people OF this country can be allowed TO exist
Is one OF the phenomena of our civilization.
can in secret session, without their constitu-
ents' consent, decide the value of all property,
is to be regarded as one Of the greatest crimes
against modern civilization" That Is exactly
the power conferred Upon our National Bank
ing institutions. IL Is copied from the En-
gfsh systems; said John Sherman. Secretary
England and the United States have settled
upon bank currency secured by Government
bonds" saiffI. ta
Now. wnat is the remedy for all these evilsf
The National party, the great anti-Monopoly
movement OF the country, is animating the
Ing them EN- the III T remedy. What is itS First. re. e
duce to control by law, both State and Nation
a. every very form OF IN this
oily organization. Our Government Is opposed
TO special privileges. Reduce to the control OF
take from the National Bank monopoly the
power to issue and control the currency. Re
the e bS the people to whOn
currency to be Issued, making all money is
sued, metallic or paper, full legal tender for al
the jaws of these great railroad monopolies
and compel them to transport the persons and
property OF our people for reasonable com
pensation. DO this by both State and Fedora
laws. They are entitled to nothing but fail
compensation. That is all. Fifth, pay Off the
o tSe Naon top he aT TaR,
the bonds away as a basis for National Banks
Substitute Greenbacks for National BanA
notes. We have pad those men on those
bonds alone in interest since the war 81 roc, ,OOd,
600, an amount more than equal to the entire Ma
tional debt at the present time. Pay of thes'
you win have stopped five Of the great sources
and forces which rob labor of what 1t produces
Restore perfect equality here between all citi
Gems. Let us know no class. Let no man ge
wealthy by law, but let every man acquire hi
wealth by his ingenuity, by his industry ant
economy, and not by "Be it enacted" ZAP
plause.I m &
A voice-what win you do with the lands?
n General Weaver-Reclaim every acre of 4
and hold IL for actual settlers [Applause.
Every acre was designed by Providence as
home for the people. 1t was held in trust by
the officers of the country for that purpos
butthey have, in violation of every principle
of the Constitution and of our Government
. stolen it from the people. ICheers.l
In conclusion, submit, fellow-c itizens, tha
. the old parties have outfved their usefulness
They represent no great principle of civilza
ton or Advancement 1t Is the duty of ever,
citizen to leave those parties. Join your in
huence to this new party which is being bull
up 70 champion the cause of the people AM
! Justice.
Pointed Paragraphs.
TErop, tho Chioau