Dakota farmers' advocate. (Canton, S.D.) 18??-1890, 1890-08-08
THE BANKS AND MONEY M0NGERS,
They Get a Found Scoring From Frank A.
Leavitt And Other Competent
Sources.
How the Wealth Of the Country Is Manip-
uiated BY the Money ProWer af
This Country.
NATIONAL BANKS.

NATIONAL BANKS. #
For whom is the national banking sys-
tenn ''the best system in the world %.
| We say for those who live from the pro-
ducts of others toll; it's whole tendency is
to build up plutocracy and divide the
American people into classes-the rich
and the poor. To know that this has
been and is SO, only requires investiga-
tion.
The very conception of our financial
system was iniquitous. There can be no
good reason given why government bonds
Should have been issued atthe commences
ment of our civil war only to crafty that
Unsuitable greed for power that made it
self SO conspicuous in our great civil war;
and that it has accomplished the work
that was intended, no one can doubt
when we contemplate the blasted for
tunes and ruined homes that followed
after the adoption Of our present national
money system-a system of purely Eng
| lish extraction. planned and thoroughly
Explained in it's workings, by an Eng
lish banker, Hazard. He told our Cap
italist at the beginning of our civil war
that they must see to it that the great
debt to be made out Of the war must be
| funded into bonds and the bonds made
the basis of a banking system and in this
way you can control the money, and by
that, control absolutely everything that
money will buy. He also warned them to
get rid of the greenback, the peoples
money for they could not control that.
Now to show how faithfully the Eng
lish plan has been carried out by the
American money power, allied with our
old secret enemy, Johny Bull, you are on
lly to remember when our government
bonds were issued, a protest went up
from that old commoner, Thad. Stevens,
that this move would cost the govern
fment miiiions u money: It was unjust It
would create one money for the poor, an
other for the rich" 1t would create Il
discrimination against the money for the
poor, and to pay the soldiers and the ex-
pense of the war. was stabbed in the
back by Shylocll .assassins that they
might cry them down and cripple them
for the purpose Of buying them up. with
their gold at q great discount: and they
accomplished their hcartless design ut
the expense of the poor soldiers ut the
front and their families ut home, and
what was more shocking, after buying
the grcenback they were allowed to ex-
change them for gold, interest bearing
bonds at par. making the bond cost them
about forty cents on the dollar. This
prepared the way for the bond holder to
establish his deep-laid, plot, the founding
of the national banking system. burn-
ing the peoples money, dcpriving them
of the very tool that made it possible to
pay Off the bonds. Now the whole plan
eliminates as originally devised by the
English bankers, allied with American
Shylocks, making the government bonds,
bought at forty cents on the dollar, the
basis of a banking system. These forty
cent dollar bonds are slyly deposited in
the national treasury and there carefully
protected by the nations stewards at the
nations expense. exempted from taxa
ton though drawing gold interest to the
depositor and last but not least. the ma
ton pays over to the depositor of these
forty cent bonds, ninty cents on every
dollars worth in currency to circulate
and loan to the people as money. at exor-
bitant rates of interest though it costs
them but one per cent-then this cur
rency is also exempt from taxation.
Oh! yes this is the best banking sys-
tenn in the world, for Shylocks. allowing
them to draw interest on what they own
and what they owes My fellow
farmers. you have heard that
the national banking system was the
best banking system in the world. Let
us see how it compares with farming.
You sec, the tax gathercr doesn't trouble
the banker, neither does the drouth nor
hog cholera. We pay the interest on
their bonds. protect them in our treasury
from fire or floods. They have nothing
to worry them. Their harvest is sure,
but what of the farmer? We are an
nually to be visited by the tax gatherer,
liable to suffer from poor crops, chinch
bugs. grasshoppers and politicians; last
but not least from the unmerciful power
of usury, to oppress. Now, my farmer
friends. have given youa little exposi-
ton of our national banking system. and
when YOU study up the matter in full.
and think of the toiling millions sowing
in hopes but reaping in despair, for the
reason that a money power has been al
lowed a foot-hold and political control in
the council of our nation, protected un-
der the old flag, at the expense OF the