The midland journal. (Rising Sun, Md.) 1885-1947, 1890-09-19
Friday, Sept. 10, 1890.
This weeks issue of the MIDLAND
JOURNAL is the initial number of
Volume XIII of the paper.
Restore the Government Control Of
Money Means Safety and
Prosperity.

1t is claimed by the compilers OF financial
statistics that the debt of this country eS-
ceeds the assessed value Of the property,
amounting to $2S, 100000, 1000. This state
ment appears to be substantially true. In
view OF this fact revolution and reputation
or class slavery stares the people in the face.
Those who slumber and give no heed 10 or
credit these oft repeated warnings, should
observe the mortgage sales that are taking
place and have taken place within COM
paratiyely short time. 1t was announced
not long since that the sheriff of chester
comfy had 200 farms listed for sale. In
Kansas one firm has 1900 mortgages in its
hands for foreclosure. These mortgage sales
are cash on the day of sale. One bid from
the mortgage and the farm is knocked down
at whatever the debt may be. This business
is going on all over the country. How long
will it take to bring the majolity oft
farmers into the state of Irish tenants-
tenant farmers? Lord Scuily has now
$4,000 acres in Illiuois, worked entirely by
tenant farmers, who live in tumble down
shanties which they haye to repair at their
own expense if repaired at all. Can this
condition of affairs continue without starting
movement for reputation or more form
liable movement which will assume the
PROPORTIONS of revolution. The corpora
lions who own the claims, and who compose
the money trust of this country and Europe,
will try to enforce their claims by Pinker-
ton troops, with the present debtor laws In
their favor, and the control of the finances
Of the country in their hands. The Pink
erton hireling thugs are the favorite en-
ployes of the great railroad corporations,
and if this practice of employing these
IIessian troops is not interfered with it will
soon become the fashion for all the large
corporations and trusts to keep a standing
army of their own, under pay to enforce
their demands aud keep down their work
men and the people. The recent strike on
the New York Central was purposely pro-
duced by the officers of the company and
they had employed in advance Of the move
ment they proposed, the Pinkerton bandits.
The purpose of the corporation was to break
up the Knights of Labor, and the work was
commenced by turning out without other
cause active members of the order. When
about so members had been summarily is
charged because they belonged TO labor
organization, strike was ordered, and the
Plnkertons were placed on guard. Several
women and children were shot by these
thugs and the police were antagonized.
And this is the way capital, after having
robbed the masses, proposes to protect itself,
The masses now ask for peaceful solution
by Congress of this growing trouble and the
classes, with that blind infatuation which
has ever characterized greed, are resisting
their might. To take the financial control
of the country out of the hands of the
money trust and place it directly under the
government is the object of the present
movement all along that line. The move
ment to remunetize silver was part of this
plan. Senator Leland Stanford's bill au-
thorizing the government to loan money to
farmers for 20 years or less, to half the ap
praised value of their land exclusive of i'm
provements is another movement looking
to the same end. The provisions of the
bill introduced by Senator Stanford are that
the government issue 100000, COO legal
tenders or 'greenbacks" to loan to farmers
al per cent interest, which would enable
many who are hopelessly under mortgages
paying six to ten per cent, to get release.
They could pay per cent while they are
wholly unable TO pay 6 to 10 per cent. This
light tax or interest of 2 per cent per an
nun would raise So 100000 revenue on the
first 500 900, 600 loaned, which would 60
toward paying the expenses of government,
in place of, as at present, into the pockets
of mortgage loan corporations with three
or four times as much more. SIch govern
ment loans would do much more. They
would tend to bring down the rate of in
terest which is upheld by the money
power. The increase of money in circula.
ton would increase business in every direc-
tion, and with that general increase the
price of farm products would rise as more
labor was employed and more wages earned
The contraction Of money under the ma
nipuation of the money trust which reaches
over Europe, with headquarters in London
and this country, with headquarters in
Wall street, restricts the employment oil
laborers, checks and binders the natural
expansion of business and brings down
prices, which maintain a constant falling
tendency.
One hundred and fifty ears ago Benjamin
Franklin DEVISED the same plan recommend
ed by Senator Stanford, to relieve the
farmers of Pennsylvania, who were in the
grip of debt, by the colony government
loaning them al two per cent The result
was that business revived and the farmers
were released from the grasp Of usury and a
reign of prosperity followed depression,
discomfort and poverty, such as the farmers
of the whole country are now in the midst
of, the result of similar cause. Senator
Stanford's plan has many friends outside OF
the Farmers Alliances, whith are unani-
mously in favor of it. The bill. as of
course it was sure to be, was reported
against by the committee it was referred to,
the gold ring being all powerful in the
present Congress and in both parties. The
money monopoly is not party interest, ii
simply controls both parties, and to deliver