The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-01-24
furnishes go safe and profitable an invest

furnishes go safe and profitable m invest
ment for capital.
fake a capital of $4,000 aud p1rch.se
bonds, even st 2 per cent. al exsnp! from
taxation, upon which let there bs issued
$500, 900 OF currency. also exempt from taxa
ZION, demanded BY the bankers counting
their currency at 6 per cent. aud the bonds
al 2. we have net profit OF per cent. on
the capital invested over and above the profit
tn the bankers derived from conoo1nding
interest and leaning deposits Tais beats
any other business ia this country.
IN the arguments in favosof the psYpstua.
ton OF that system, IL is insisted, and
properly so, that we must have paper cur
rency, and the National Bank currency Is
compared with the State. and private bank
currency of anti-bellum days, but we never
hear any comparison made with the United
States paper currency.
Ii IL certainly useless 10 argue against the
State or private bank circulation, for there is
no one In the Government who would really
favor the restoration of such a system.
The will Of the people seems to be, that
We have no currency except that which is
ssned and controlled by the Govern mert,
and not by private corporations.
The wonder is, not that the bankers should
make these demands, but that the people
should comply with them.
There is no doubt but that the National
Bank currency is good enough, but Que OBJ
lection is that IL costs too much, and another
and greater Is that il is in the hands OF cor
porations who can decrease or increase the
supply at will. independent of the wishes of
the people, which is anti republican IN It's
tendencies and should not be tolerated in
this country.
And still another is, that that system com.
peis the Government to be boz row er OF all
the paper currency IN circulation, which ia
also directly opposed to republication.
A TRUE REPUBLIC SHOULD NEVER MAKE DEBT.
half republican and the other hsn aristo.
cratic.
1t is the duty of the people to carefully
consider all the measures sought TO be
adopted, and to promptly suppress all which
have an sristoc-atlc tendency.
Is not the exempting from taxation GER
tain and large part OF tbs capital of our
country aristocratic in its tendencies?
Is not the trusting to few private corpo-
rations for the supply and control of the
currency, sristocratic in its tendencies?
Whatever currency we have let it be issued
oe legal tender for its face to the boRd-
holder and the bod carrier alike.
We can not afford to have one money for
the rich, and another for the poor.
/ do not want 10 place any trust in the
man who has so little faith in the Govern
ment that he only considers its currency
| worth the commercial value of the material
| CT which il is composed.
He is a vampire; he is only interested in
| the Government TO the extent of the blood
| he can draw from 1t.
He should have pressing invitation TO
| take up his abode on the Eastern shore OF
! the Atlantic.
| Let cur trust rest upon the man who says
| | vii stand or fall with my Government.
| l will honor and respect its currency every
where, and at all times. / declare any dol
| lar made by this Government to be worth
| Il m Of hat n na
| posed.
Upon these sentiments our Republic must
\ stand or fall.
When We had large armies in the field to
| be fed and supplied with the munitions OF
| war. We tried to sell bonds for gold and sill
| yer, but it could not be had, aHd our armies
would have starved if we had bad to depend
| upon that. But civilization taught us that
| currency was the creature OF Government,
and we started on that line; and, thanks TO
the progress OF civilized government, our
| armies were well supplied, ana our coun-
try prospered as it never had before, and
continued in that prosperity until, on ao-
| count OF having certain parties in power
| with their faces turned toward the rear
We were forced to 'go backward" for sew
| eral years.
| Experience has taught us that the Uni
ted States paper currency is honest
| money-the best in the civilized world"
1t may De right and proper enough for the
bankers and everybody else to do the best
| they can for themselves IN an honest way,
| but in one matter they do make q great mis-
take. That is that they assume to be more
| wise and sagacious than any and everybody
else. Their intense anxiety to accumulate
large fortunes, and to do it in very short
| time, overbalances their setter judgment
and hence they over-reach themselves. They
| kill the hen which lays the golden egg, and
the consequence is that many of them sud-
| denly conclude that they like the Canadian
| Government better than this.
| That is the trouble in our country to-day.
| Too many of them have exhausted all their
| energy and their depositors' money to cap
| ture the gold.besring fowl and. after dissect-
| ing her. they fnd her "iust as all other hens
are" whereupon the doors close.
r. z. q.
| indianapolis, Jan. 20, 1885.