Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1891-07-31
National Executive Committee of
the Peoples Party Appeals
to the Nation.
Political Questions OF the Day Dis.
cussed-SOme Remarkable
Statements.
Secretary Rusk's Quarantine O
Tennessee Cattle Causes
Much Excitement.

address of the national executive COM
mittee Of the Peoples Marty has been
sent out by Secretary Schililng. 1t
starts cut with the information that the
times which try mems souls are here
once more. T..e descendants Of British
Tories Of ZIG and other European and
American capitalists have bound the
country in chains. The Declaration Of
Independence from British arrogance
needs to be supplemented by a declara-
ton of independence from the powers
CT concentrated wealth; the political
Independence gained by the Revolution
is but 4 shallow sham unless our cOun-
Try can secure Industrial Independence.
The address enlarses on the subject OF
the power of money to Cypress the peo-
pie and then declares the railroads OF the
country are capitalized at $4,000, DOC, 900
and the great majority Of their stock IS
held by people in England and other
foreign countries, who have no more
interest in the United States
:EHn the Vampire Has in Its Victim.
Al y reasonable estimate, foreign CAPT
t1,i,ls have invested $4,000 geo COO in
Cur country. What value have they
give, us in return? They did not give
gold or silver, because those metals
have been carried abroad by the ship
load and are mined iere, not in Europe.
To secure rhis v;,>1 property these Tor
eiGE.:ls have merely jn.!,ed US their
cltt.,; i'll bank chec->;:. ,ts"f:S aId notes,
anu liiey are i,ayinG' tiitse With The dlvl-
derl they draw from u people.
Comparing the foreign capital in
vested here with the total wealth of the
country, tbe address, declares that rec:-
onel at compound interest the former
will leav!.. the amount represented
by the Iatiar in less than twelve
years. Tie statement is made that
the Western Ininn Telegraph com
pany is .a1,il&l1zed at 500. DOC. 600
aud makes 5 T"r cr:lt., bat that its plant
cou:d be Duplicated with $40, 900, 600,
showing that Tie
Ac:unl Rate " Interest Il 80 Per Cent,
ard that the same applies to other
corporations. thus making a source OF
great national danger. The policy Of
the government in paying high pre-
niiun.s FOL years, to take u bonds
not u so as to dispose of the acculnu-
l~tions Of the treasury is denCCnce1as
iGittic, and references made to the pro
fessed inability Ct the treasury depart
nent to redeem the ::5O,0CO,O 600 OF + per
cents about to fall GUe.
The address makes the remarkable
statement that the treasury retains
ss;7o1, COG, 0G0 of money, but that the
bankers who control the department.
fear that the release of $50, 0CO, 900 of
ready money would break down the
money market and ease the grip that
unproductive capital has upon the peo-
pie Of the country.
Farm Mortgages Discussed.
The burden of debt resting on the
people, as shown by farm mortgage STA
tis,ics, is discussed, and the following
reIicGv proposed: "If the billions Of
dollars Of bank and corporation paper,
MORTGAGES and other paper cyi fences OF
enou.h for the extortioners and the
usUrers, paper notes issued by all the
people jointly in the form OF govern
mtut notes are better" The address
then goes into details concerning the
debts of the country and refutes the
charge that it would be improper for
the government to loan money to indi.
viduuls. 1t calls for the control of tele-
graph lines by the people the same as
the postal system, and says that the Peo-
pies party does not propose to stop at
TIE reform proposed in its platform, as
it is a progressive organization and can
not stand still. An earnest appeal to
the people to join the organization
closes the address.