Dodge City times., 1891-09-25

The entire difference between our
selves and Mr.. Ward has now resolved
itself into the question of interest to be
paid depositors, where we suggest three
per cent. on time deposits he would cut
it down to ~ per cent
In his devotion to an abstract princi-
pie Mr. Ward would endanger the
chance of giving the people any relief
from the tyranny of the present
oligarchy of money monopolists who
are now devouring the prosperity OF
the country. While we. on the other
hand. are in favor of making the largest
concessions in order to secure a sub
stantial triumph.
We want victory and desire to get it
in the shortest possible space Of time.
The need of the people is dire and urg-
ent, for we are now absolutely under
the dominion of the money power. 1t
is in full possession of the political,
financial and commercial systems Of
the country. It is heavily armed and
courageous and any one that thinks we
can overcome it with ease is destined
to be much mistaken, because, after we
have used judicious compromising and
wise policy to the uttermost there is a
stubborn battle before US and for q
long time it will hang doubtful in the
balance.
At the present time, when we are SO
weak and the money power SO strong.
what would be the tactics indicated by
good generalship that wins victories?
Would it not be to see to it that our
plan of financial reform was made SO
broad and generous that all the well-to-
do middle class would throw their in
fiuence and votes with us instead of
ranging themselves ON the side of the
enemy? To us this seems q very plain
proposition.
There are millions of good people
who have saved up more or less money
under financial conditions that have
been practically unchanged for ages
These people were not responsible for
those conditions and when they are
radically changed, it Il both wisdom
and justice to so change them that II
will not infiict punishment and loss on
innocent persons If it were impossible
to do this, we should say let the reform
go on no matter what temporary hard
ships may follow the establishment OF
permanent blessing for all people.
But these injuries are totally un.
called for and entirely unnecessary. in
this instance, and their infiiction would
be nothing short of deliberate cruelty
and injustice. And, mark you, the at
tempt to infiict them would defeat
itself. and the people would find them
selves deprived of the blessings of cheap
money, an abundance of the circulating
medium and all the rich advantages
that would flow therefrom, and still
under the merciless dominion of the
Shylock money master, and all because
they lacked the charity, policy and true
wisdom which should have led them to
give due consideration to the great diff
ficulties always attending the change
of long established conditions, and also
to have a kindly regard for the feel
ings and interests of q large class OF
their worthy fellow-citizens and not to
work them an injury where there wa
no vital necessity for SO doing.
Prof Hills system provides for the
gradual decrease of the rate of inter
est, both paid to depositors and secured
from borrowers, until ultimately the
government would pay one per cent to
depositors and loan money at two.
But In the name Of comman sense whv
not wisely come down to this By de.
grees. and give commercial affairs and
the individual interests Of the people q
chance to adjust themselves to this
great change. instead Of doing e q
once out Of hand and with NO raR,rd 10
who or what gets hurt9 There h nn
need OF this herce preeipitancy, and Il
viii beyond doubt meet overwhelu-
ing defeat
We ask the farmers Of ths country Il
under . governmental banking system.
which would at once put eighteen hun
dred million dollaxa in cireala4ion vhere
vs have now only about three hundred