The advocate., 1890-02-06

ia favor Of taxing the people Of this country
millions Of dollars annually in order that
they may have the power TO issue money and
10 CONTROL the finances Of tho country
do not know, certainly what is TO follow
IA tho wake Of this bill, but the principles OF
tho committee on Banking and Currency,
indorsed In connection with II, should be a
warning TO the members of this House, that
the contest is TO bemade here atthis session,
and IL is just beginning now, between the
system of issuing money upon gold and sill
ver, the issuing of treasury notes, and, on the
other side the national banking system"
WORDS on WISDOM FROM JOHN A. ANDERSON.
The stealthy process Of the tax-eaters Of
the land in securing representative OF the
tax-ridden people OF the state lying to the
north Of us-Mr. George W. .. Dorsey TO
champion this bill, met a remonstrance at
the hands Of the Kansas Congressman, whose
service commenced on March A, 1879, with
that OF Senator Plumb's-"the unornamental
senator"-opening up two years in advance
Of these gentlemen, Mr.. Anderson said:
"Mr. Speaker, had no idea that this
measure would be called up at 80 early a
date In the session and certainly not for con-
sideration to-day. The House Is brought, at
tho beginning of this session, as il was at
the opening Of the last congress, immediate
ly TO act upon measure which Is
primarily and chiefly intended for
the benefit of the national banks alone.
What may say will be said on the spur of
the moment and In the absence OF data that
would be Of value and chat could be obtained
were there time.
The national banking system was war
measure--a necessity and an outgrowth Of
the war.
Because II was something entirely strange
and abnormal in the financial methods Of
America, every limitation was put upon IL
that wise sagacity could suggest. This note
was not legal tender, but was TO be paid in
greenbacks that we're a legal tender. One Of
the restrictions put upon II was, that at the
end of twenty years, tho system should tor
inmate"
IN 1882 IT HAD BECOME A dIGANTIo OCTOPUS.
In the republican House Of Representa-
tives In 1882, Hon. William w. Crapo OF New
Bedford, Massachusetts, fought for bill
successfully to extend the national bank
charters for a fresh lease of twenty years af-
ter their termination, and John A, Anderson
of Kansas, Madison Il. Cults of the Weaver
district Of Iowa and Benjamin f. Marsh Of
Illinois were the only republican represen-
tatives who voted against the bill.
Mr.. Anderson, now referring TO the event,
says
81 stood upon the platform ofthe republi-
can party from the beginning, and because
/ was not willing TO strike down safeguards
which secretary of the treasury Chase and
the eminent republicans at the other end of
the Capitol and in the House in those days
wisely saw ft to establish. In that contest
we were overborne. Whyp Because the
power of the National Banks had then be-
come so great that there was no controlling
it, no more resisting it in congress. The
system was not stopped at the end of twenty
years, and II may now go on forever 30 far
as that original and organic safeguard has
anything to do with il.
/ for one do not propose to do away with
the safeguard of security--that the Govern
ment should issue but $50 in notes on $1OO
of deposited bonds, and as Republican,
appeal to Republicans, because of the un-
certainty Of the future, not to yield hairs
breadth TO this aggression Of the national
banks.
PROPOSED AMENDMENTS TO THIS PROPOSED BILL
Among the amendments offered to thebill