The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1890-11-20
IMPENDING DlNGER..

800 r -!
IMPENDING DANGER.
s0ovzRNaEMr LoANs r4E dEas9
MEANS or ESCAPE
the Miilstone Of Debit thst now
Manss on the Nccts of the American
People-shylocks and sharpsrs Ohs,cf.
How Il IL Managed.
That the American people are being
9 only crushed, b~4tgcfushed With
tne b!lrasRg p&IElyatSk sd8hK nc MAIN
70 y sHen. fh4sit9eN payonYg #a1s
mat not only the American rcpub.
llc, Y civilization itself is jeopar-
u,zea py this curse Of debt Is Just as
ReiiI must comesand that speed,
Aly, oc bottoms;S1s 1zdlhfll viii bR.
e esssnpd and death, ruin and decay
VII. begin its work.
from this impending danger we
Deileve there is but one means of
escape, ana that Is by and through
government loans direct to the peo-
pie.
= is the only proclamation of free
~, a1SS VAiASSs UuIce
m5pE2Bs& isSssallssssads !ma8ss
factareFs.
But objections are made.to govern.
hheaaS loans. These objec{&sG St8ine-
principally from two ciasscs, the
cfOakers who find fault with the ten
commandments and declare they
would do no good, and the usurious
Shylocks who live on interest money.
a correspondent. asks US to state
hoH9:theS$t e&fcoIlt be spamanaged.
that sharlers Could not get the bene:
Mt of them to the exclusion Of the
poorer classes. i
Vet us suppose that there arc 500.
mOrtgaged cursed farmers in some
certain county and that their mort
gagSSEsASa&k@1e1 1000 aaeachs Z
Let the government loan sums
not exceeding $1,000, to any n per
son.in the county, giving preference.
TO appltennts, fur the Smaller sums,
n preference to those who are al
Teady mortgaged,
= lnaais manner the sharper would
tit happens that a rich man has
aSl0.0W farm with a'$7, 600 mortgage
on 1t, he, Of course, would get the
benefit" of a ST, ZOO loan. AT the
same time a poor man having a
$1,000 farm with a $1,000 mortgage
on It YOU'D get the same benefit
Let it be understood that this idea
of government loansB for the benefit
of the people, and especially for those
who are cursed with mortgages, debts.
and with that thought in view, base,
the law, which is to carry the idea
into effect, and there is little or no
danger Of the rich getting any undue
~.'lenef1t" from it,
But, some one suggests, there are
2,42O counties in the United States,
dld, il the government loaned on an
average 'S5eQs000 Mkeach county. it
wohld take Sf,2i0,0 900, 600; :ahd that
would be "too much imitation" OF
course, the shylock would shout Gin
hation!" as imitation is as hateful to
old shylock as holy water is to the
devil.
But let us see., sa
The debts of the 500: mortgagsd
sss<s not 81 s sdae s q f Sassest. cG%R heyy:
na1 rum rl01 SUPPOSE Eas g t RSha3 9tsy a@ Sasysp5
of them are due this year. 1t would
take only 800, 900 to relieve them for;
this year. Next year it would take
as much more. In two years, two
.Hfths only Of SAs2I0, 100000 would be
reat1iEeds, 50 thatt.instead 81 an YslT
tiation OF 81 2lO;01, 600 it Wohld be an
Imitation" of only $4,000, OGO-or
less than $40 per capita. =
At the end Of the first. year, the in
terest on the first YEARS. loan would
be turned into the treasury, causing
SO m0chssof q contraction to offset
Right here another important fca.
What would the prsy-aaabney loan
ers, who woplssIF. Carr 81 No accent
%saTeirr money, d6 WfEk fr5 @
They could not loan it out unless
they did so at the same rate the gov
ernment did it.
Ihcy would not keep their money
idle, for then it would bring them no
income.
They would do one Of two things
LOAF at government rates, or invest
their money in some productive
enterprise.
In either event, their money must
go into circulation!
And If 1T went into circulation, it
would partially relieve the demand
upon the government for loans.
In short, in all probability an sin
t1atiOn" of not more than $500. OOO,-
600 to 5000, 0O0. 600 would be all that
WOULD be- required til. placea every
morttssaHe.n the UHteayStatcs Mpol
thelevef'iU of d two OF three per cent
basis.
And thus released from the cursc4ef
the exhausting, killing, high rate Of
interest which exists at the present
time, men could accumulate some.
thing in order to pay off the princi-
pa5 g 81 gs ts . s # TIE mercile relies jaws
Debt, from the petty mortgage on
the humble home .up to the govern
millst6nG tied |tJS fhe nSck Of the
American people TO-DAY.
Goyegnment loans ,direck to the
people sis the passage<way through
the Red Sea of debt, which will n
able Gods beloved men, women and
and schildTenJto escape from the
shylock Pharaohs who are in hot
pursuit. Chicago Sentinel.
Another Official Disregard of Law.
On, the 10th of September, Score
tary-oE tho Treasury Windoms made a
bold play .into.thes hands Of .fayorites
by beginning the payment of one
years interest in advance of falling
due on government per cent bonds
From September 10th to October
10th, the clerical force ofsthe treasury
department. is making out checks and
forwarding them by: mail to these
who In this or other countries Hold