The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1888-03-08
ogBERTRUsToFAME
he National Bank Trust.

sral-ely enough the New York
ErF ta and likewise the st. Paul
10 Globe. in writing up the in
f.r4. III the various trusts OF the
60 RS entirely omitted all mention
of . trl.f which for evil outranks all
ii. ;sers. Like the Others. it is a
or ere Of the Republican party.
r. cork it has done was designed
fro. tie beginning. Its mission was
a.i,i l. 10 fix the price to be put upon
every days labor and upon every
commodity Of the farm, the factory
OF the workshop. Its method OF
producing these disastrous results
Wa in obtaining control Of the vol
ume Of money which the business
community might have, thus fixing
TIE ltrice upon labor and its products
1t hostility extends to every form Of
currency. the material for which is 80
abundant that it places its volume
bpyons. their control For q quarter
OF II century. nearly, it has been ex-
erci.ing an usurped sovereign pre-
ro-atiye conferred by the constitu-
ton exclusively to the federal gov
erluent 1t is the octopus which
your articles should have designated
tie national Bank Trust. The prec-
ions lot of knaves who organized
that trust made not only the people
bus their government its victims.
They Iegislated that the obligations
OF The government, its treasury notes
should not be valid to pay the inter-
e,t on its bonds, nor received for i'm
port duties at the custom houses;
thai these should be paid in coin, q
commodity that the government just
then happened to be without. They
also legislated that the treasury notes
should be exchanged at par for non-
taxable government bonds, bearing
Gper cent interest, and that the gov
erll!Aent might anticipate the inter.
est an the bonds not to exceed one
year. Now the knaves are ready for
business. The government collects
its import duties in coin that it had
no Use for, except to pay interest on
it bonds; the bondholder had no use
for the coin, except to exchange IL
with the importer for treasury notes
81 Of which are required to buy one
OF coin; the importer paying the coin
to the custom house, which handed il
over again i'll payment of interest on
his bond. Thus was the robbery con
tinaed from day to day, week to
week, month to month and year te
year, until the fraud Of frauds, the
resumption act, took effect Jan, /,
1873. Associated in this national
bank trust are more than 1850 Of
these individual corporations. What
thy ire and how they work is best
described III the letter Of president
OF oi.e oi these banks on surrender.
in- the trust to the stockholders.
The bank of which he was president
WI, the First National Bank of In
diaaapolis. We quote from his let
ter:
Il congratulate the officers and
stockholders Of our enterprise. The
balm mas been i'll operation fourteen
years under my control, with q CAPT
tai Vi s5UO.OOO. In the meantime it
has voluntarily returned $500, 600 OF
capital stock back to its stockholders
bes.ues paying them in dividends $l,-
Az. 10, part Of which WAS in gold
anu Low turn it over to you with q
capital uniinpaired and $327, 900 Of un.
d.ylara earnings on hand. 70 this
H.. be added the premium on U. s.
bol.t.s al present prices, $50, 900, be.
side quite u large amount for des
troyea bills"
Vow let us recapitulate and analize
this one trust out of 1850 similar
ones. The average premium on colo
when the bank started, was such
that its s5OO,OOO in bonds cost but
S.av, 600.
Capital returned $500. OO(
Dividends to stockholders 1896 5(
Naasided earnings 327, COX
Premium Oh bonds 36,OOl
lroAt i'll purchase Of bonds 25O,OO(
Total profits $1,000, 25(
This shows that this trust on !
goa basis, at simple interest, receiv
Ell % per cent annual interest. Thi.
bureaucratic trust is the creature o.
republican legislation. The frs,
ana highest duty Of q Democrat,
congress and administration is e
pay the bonds, and wipe out the ma
uoAal banking system, and restore t.
the government its legitimate func
tioA cf providing the country with
it, circulating medium.
A PREDICTION.
Sir John Lubbock of ENGLAND
about the middle Of the present cent
Ill! declared that:
"ilere is likely to be an effort
mace by the capital class to faster
upon tne world, u rule through thcil
wealth, AND By MEANS OF REDUcEI
NAe-.s, place the masses upon q
footing more degrading and depend
ellt ,i!an has ever been known in his.
tory. iiie spirit of money worship
pers seems to be rapidly developin.
III ,.i., direction"
THE CONSPIRACY.
Ii confirmation OF this conspirac.
We Aere call attention to that re
narI>ttble circular. written by viii,
agent Vi the money power in Eng
land, iii the year 1862. Mr.. Hazzar,
seat Ills circular to those he though
i, would do to trust, saying to then
that,
''2iayery is likely to be abolishe
lag nj nh n