The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1888-11-01
A Democratic Opinion Of the Nation
al Banking system.

President jackson in his farewell
address gives IL vivid picture Of the
national banking system and note
| of warning against the revival Of tie
corrupt and iangero.is system Of mo-
nopoly it establishes. During his al
led to death IA he hoped the most
dangerous foe TO republican liberty,
the great nonied monopoly which
then had capital of ;;35, 600 900.
Now the country has over three
thousand Of them sucking the life
blood from the people, ard with
capital SO enormous that the capital
/ of the monster fought and strangled
by Jackson would scarcely make
| pocket change for the present great
monopoly o: the country.
| The ullaccountable is that the great
| democratic papers Of the country are
awed or bribed into silence against the
monster evil of the entire system, or
that the democratic party would per-
nit any representative of the system
to be nominated for congress on the
democratic ticket. We commend to
all such weak kneed brothers the fol-
loving sturdy and truthful sentences
! from Jacksons farewell address to
/ the American people:
The iil-advised legislation which
established great monopolies was TO
concentrate the whole money power
Of til. tnion. with its bound.ess
means Of corruption. and its nuner-
Gus deprnde ITS, under the direction
and command of one acknowledged
head, thus enabling it in its entire and
undivided strength. upon any occa-
sion. to support or defeat any meas
ure Of the government.
In the hands Of this formidable
power was also placed unlimited do
minion over the amount Of the circu-
J lating medium, giving it the power
to regulate the value Of property and
the fruits Of labor in every quarter OF
the Mon. and to bestow prosperity
| or bring ruin upon any city or sec,
ton of the country. as might bes1
colnport with its own interest.
We are not left to conjecture how
the money power, thus organized
would be likely TO use it. The dis
!, tress and alarm which pervaded ant
I agitated the whole country. when il
: waged war upon the people in order
to compel them to submit to its de
mands can not yet be forgotten. TIL
!. ruthless and unsparing temper will
l which whole cities and communitie
were oppressed, and IA scene Of cheer
full prosperity suddenly changed int,
: one OF gloom and dependency ough
+ to be indelibly impressed on the mem
! DRY Of the people OF the United States
: No nation but the freemen of til
I United States could have come on
: victorious FROM such contest: yet
if you had not conquered, the govern
i nlent would have passed from tn
o hands OF the many to the hands G
l. the few, and this money power. froI
!. its secret coaciave, would have die
tated the choice of your highest offit
Il ers. and compelled you to make peac
:, or war as best suited their wishes.
The severe lesson of eAperienc
. will. doubt not. he sufficient to pr.
" vent congress from again charterin
u such Il monopoly. But you must r.
x member, my fellow citizens, the
/ eternal vigilance by the people is til
e price of liberty, and that you mul
I pay the price, if you wish to secure til
Il blessing