The advocate., 1890-05-07
16 PAGES.

defense against the tendency OF all moneyed
institutions 10 perpetuatO their existence
and enhance and aggrandzo their power.
That WAS onactod In the days that tried
mems souls, and then II was that the repub-
icAn party won ita greatest ronOwn. Those
were days whom we had dsuchmon ma Lincoln,
Seward and Chase, whom mons souls were
purified by patriotism and fired with such
love for the nation that they looked far into
tho future, and 30 looking, declared that In
twenty years the charters OF these national
banks should cease. That declaration wns
tho odiCt OF tho republican party In 1862 II
has been the principle Of our party ever
since. II is true ropublicanism now, and
by II I for one shall stand to-day. The
twentieth year has come, 1868 has passed
into 1871; and now-whatp The republican
party, In time Of profound peace is asked
TO change los historic policy ind 10 saga
ciOus forothOught by continuing the life Of
banking association indefinitely, perpet-
ually, and In cOntrnvontlOn of the provisions
inserted by the wisdom OF the fnthers. |
prefer 10 be a republican OF the old and OF
the true school.
PLAINLY SPOKEN WORDS FROM A Mis-
sOURTAN.
Thus spoke Joseph II. Burrows, q rep
rosentatlvo from Missouri
II has not been my purpose 30 retorale the
familiar evils and of cited abaurdities or
our banking law, which allows these banks
10 issue as currency that which is not In law
or In fact lawful money, which COmpols the
government OF the United States 10 pay
few rich mon as soon aA they apply for and
receive bank charter interest on bonds
that have been practically redeemed, and
royalties 10 corpOrations whose notes they
endorse, which enable the associated money
kings OF tho country to form plutocracy
that doAes the popular desire 10 restore 10
the government the power OF controlling
the volume and character of the currency.
/ have not attempted 20 amuse or 10 recite
bombastic platitudos 10 array rich against
poor, or labor against its creature and nat
ural servant, capitals but In entering my
solemn protest against the continuance Of
this wicked financial system OF our present
national banks, that has grown 40 fat, m-
pudent and dOmineering Rs TO threaten the
people who would curb its power after the
frst twenty years OF its existence, / have
sought TO show TO the country and Co the le-
gal minds OF the house that The present sys-
tenn should not be extended or perpetuated,
because:
Flfbb, III ~ unCOuhututlOnul,
Second, IL Ia unnecessary
Third, II is too costly.
Fourth IL Ia too powerful TO be given
further leaso of power
Fifth, II In of neither use or benefit 20
anyone, except the small aud favored class,
who are the recipients Of its extravagant
favOrs.
Sixth 10 is a vast political machine whose
influence is 80 great on this hOor In 1889
that continuation Of its power may well be
regarded with apprehension by the people
in all parts Of Che country.
COMMON SENSE VIEWS FROM AN ESTEEMED
TEXAN
Hon. David b. Culberson, one Of the
bright legal luminaries from tho broad
and developing state Of Texas, said;
believe that large majority OF the peo-
pl0 OF the United States are in favor Of the
discOntinuance of the national banking sys-
tenn. II has outliyed the object and purpose
OF les establishment, and there il no necee-
sity Of a public character for Ia longer con-
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