The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1884-02-07


task suddenly, by . surprise upon
tour people by ut once paralyxing
"their industries, by arrcst'ng them
"in the midst Of lawful business. and
applying q new standard Of value
ITO their property, without any 70.
"duction Of their debt, or giving
"thcm an opportunity to compound
with their creditors, or distribute
tho loss. would be an act oil
"folly without example for evil In
modern times"
THE OHIO JUDAS.
And yet this same John Sherman
became the architect OF the very
ruin that he 80 wildly portrayed
and every feature Of which the
farmers have fully realized. But
this opened wide TO tho national
banks the field OF financial opera
lions. The people must have money
the treasury note was taken out Of
use: the bank note took Its place,
the bankers saying to what extent,
on what terms, how much the peo-
pie might have and when, and what
they should pay Tor Its use. This Ia
what the bankers association has
done for them. Now, farmers, sup.
pose you organise y farmers asso.
citation and ask the government to
turn over to you all interests per.
tanning to agriculture, - II has oil
tho money interests to the national
banks. Ask the government to sell
no more lands to settlers, to resume
to itself nll the lands granted to
railroads and for educational pur.
poses, and to give your association
the right to say how much produce
may be raised and what shall be Its
price, Just as It has given the righ,
to the bankers to say how much
money the country may have and
what It shall pay for Its use. Here
the farmers will flnd another dis.
elimination against them in oppor.
tunities, and also that provision has
been made to put an army in the
field to keep such lunatics in their
places.
WHAT THEY CHARGED AND now.
But, says an objector, the banks
are limited As to what they may
charge for the use OF money. Their
method has been. instead OF loanine
money, to purchase negotiable paper
paying therefore only such price az
the necessity Of the borrower por.
mitted. thus often realizing 5oee for
an accommodation. In his speech oil
January. 1868. before quoted from
Mr.. Sherman told how this would
work in practice. He said:
1T means the payment OF $l35.0O
"where he has agreed to pay $4,000,
"or which Is the same thing, the pay.
"ment Of 800 where he has agreed
ITO pay 81. Where he has pur.
CHASED property and paid one.
fourth OF 1t, 1t means the loss Of the
property: 1t means the addition oil
"one.fourth to all debts; n measure
ITO require him to pay l35 bushels Of
"of wheat where he agreed to pay
100"
cLrTcHlSa FOR MORE.
The banker was not satisfied with
nice thing. he must have II all, aud
he got 1t through resumption. his
agents in congress enabling him to
have 1t 80 enacted" He told the
farmer this was. getting down to q
gold basis" you know. when In really
they were getting down to the farm,
on which they held a mortgage
Their resumption provided that fol
every $50 OF bank notes issued 80
In treasury notes should be retired
Their bank issues. II they saw at,
might be rs unlimited rs the bonded
debt, but the banker was not Obliged
to put his money in circulation, and
to withhold it 80 the farmer could
not get money to pay his debt en-.
abled the capitalist to take . 5000
farm on q $1,000 mortgage. These
are not idle speculatlons but actual
realities In the experience OF every
community.
THE sAS0rINARY GARMENT.
Now should your farmers associa.
ton send delegation to congress
to demand that these exclusive
privileges cease. some Jim Blaine
would flop the bloody shirt In the
face Of some Ben Hill. or perhaps
some John Sherman or Billy Malone
would nll ut once become interested
In the purity Of the ballot and the
peacefulness Of election day. and
your farmers association would rush
home to elect another set OF bankers
or credit mobilier thieves to whip
the rebels rs they did ut firstly
appropriating all the money to them
selves and all the burdens Upon In.
Dor and its interests.
BLIND MEN SEE II.
No one Is so stupid rs not to see
that the national banks have priv.