The Hartford herald., 1885-02-25

posits have been making II Per cent, .
or more. Besides, the Banks them
selves are virtually exempt from tax
alton. Thus, these privileged cOrpor-
ations, not paying either national, State
or municipal taxes on their bonded
bases, are enabled to levy tribute on all
other vOcatiOns.
Why not the Government issue n
currency based ON the actual wealth OF
the country? Specie basis, nor specie,
isn't worth tinker's damn unless he
actual Wcoith artists! Neither are the
bonds, it the country il bankrup
Money, after all. - of no u-e if there -
no labor nor actual wealth; and when
there IL, it, only true function IL to ex-
change wealth, not to create il
Money, as the medium Of exchange,
and the standard of distribution, by
high rates of interest forces the pro-
ducer of the country to support the nom
producer; because, first, a large per cent.
is taken from the price Of his products
by the purchaser, in order to enable the
latter to pay his interest and tn live by
the purchase and sale; and. second,
because, he, the producer, when he
purchases. is forced To- pay large adj
ditional per cent. to the cost price Of
every article produced by others labor.
This difference in prices must be suffl-
cient to support all who depend upon
speculative income, or income without
labor.
Jay Gould, or any capitalist or man>
ufacturing king, or any syndicate of
money kings, stock gamblers, provis-
ion manipulators, or mine-lords can force
business depression and throw labor
out Of employment.
All they have to do is to have clock
ont" or to bear" the market-for their
own future speculative purposes.
Avarice, fed and fostered by high in
terest, high tariff, and the control of
/ financial matters by bankers and bond
holders, has so picked LabOr's bones
that he. being a stsll-fed skeleton, con-
sumes next to nothing-though pro-
ducingaT the time for the pOison-leaches
aid damned parasites of the great cities.
Yet these greedy carrion-crows cry out
"overproduction. They would "hit
the nail on the head" were they to say
unCier-consumptiou
The corporations of the country
such as railroad, banking and man
ufseturing companies, by the banking
system, high interest, syndlcates and
com mbinations rule prices and regulate
wages Restrict corporations by legis-
lation! Death to National Banks
Down with high interest Protec tion
to Labor
The Government must abolish all
banks-Of issue-must repeal the Ma
tiOnal Banking Laws and issue an
ad eq uate and uniform Currency to the
people, said Currency to be subject to
and limited only by the actual ano
legitimate wants of Business, as well a:
establish just, uniform and Nationa
Rate Of Interest; or else, GENERALIZATION
of wealth in great cities, called "trad,
centres" and "money centres" becaus,
of the vast accumulatiOns of Capital
therein, will go on till "tbe country
is Impoverished and the Government.
IL is unjust ami undemocratic to al
low the National Banks To furnish
money tothe people, at profit to the
Banks, when the Government may
issue W the money tn the people with
out cost aud without price. Reviv,
Jeftersonian Democracy and jackson
ian vetoes against these "engines o
! OPPRESSION and strangle the life out o
the Banks, that the people may live
Just 50 long as the United State
allow the So-cailed National Banks
and suffer capitalists to control on
financial system, just so long will these
capitalists keep up varying, as well a
high, rate of interest; besides, by thei
speculative, gambling systems, the.
; will cause feverish fluctuations in til
stock, bond, money, grain-and ever.
, other market. Worst of all, they vii
; not only control business and financia
matters, but they will control the Cor
; c eminent.
$ five are going to have democrati
, rule, let's have democratic principle
which, from Jefferson TO Jackson, oI
+. posed National banking corporations
7 Let the Government issue Treasur.
5 Notes, exchangeable for bonds at "a loS
rate of interest, and we'll all becom
"bloated bond-holders." Down will
, the National Banking System ant
, High Interest. w. II. CUNDIFF.