The World. [volume] (Martinsburg, W. Va.) 1891-1896, 1891-11-07

ABOLISH NATIONAL BANKS AMP orvE
US FREE silver.

-. 49,.
e~e Frees WIS. snow sns s.ss's ?
xhess Pisnks IN. the Aiiienes Platform
Time 70 Ne " and Doing
r,,,,-v,o,, ,sn - R.,c-r, p,... ~. 49,
citation. New York;
Two specific demands Of the Aiiianc.
ere.
The abolition Of national banks
Tho free and unlimited coinage Of sil.
ever. 9t
The Alliance lays q much stress on
fhese demands a. on any other. but the
inst named above shrinka from open dis.
<-u~r;c, s;r3i kr,tnS ,,nw and efforfn ara
made by the piutocratic press TO obscure
Il altogether By making terrific on
slaught on some other Alliance demands
--khe eubtreasury- plan. for instance.
which The plutocratic papers fan 70
state Il designed to take The place Of the
national banking system.
The national banks are like the scrip
fural ..fre that Il not quenched.r Il
Gems they can never got enough. They
already have privileges that ought 10
satisfy the most rapacious gang or rob
bers or the most exacting and despotic
monarch. They can deposit 800, 900
worth Of bonds with the government
and continue TO draw interest on them.
They can issue $4,000 Of currency on
these bonds. which they can lend at 8
uer cent. -perhaps moro. But II IL be
eper cent, they can realize 1890 per
year on this currency. Add to this the
1900 per year they receive on their
bonds. and it appears that they get
81 POO per year for the bonds they have
deposited with the government.
A bank depositing these bonds and is
suing the 900 900 in currency is charged
only per cent. per year by the govern
ment, or in other words, Is charged 5000
per year for the use Of 100000. Besides
all this, many Of the '.favorite" banks
(Which are usually banks in which some
s,nvarnmant official il ~ araata5i,ara o;,e,,
the use Of fabulous sums OF government
money for nothing. At one time these
banks held 500 900 900 Of government
money which they loaned out to the peo-
pie at stir rates Of interest. but they aid
not nay the government one cent for the
use Of this money. These banks have
about fifteen millions Of the row
erment's money today for which thew
are paying nothing, but which thew are
lending out and getting interest on.
J Now n the mama Of iustice and rea-
eon. ought not ali these ..special priv-
fleres's satisfy the banksi Wen. thew
arr not satisfied. They seem 10 want
the earth. Isn't the charge OF 1900 ner
vear ANAL enough Tor The nse az 900 600
nar YEAR Anv reasonable nerson vould
think 60. but the rapacity Of the banks
Is completely blinds them that thew
can't see Il They don't want "a nav
that 5000. Thev saw Il 4 AN unoonstitu-
tional tax. and thew are eoino n law
about il. and il the future NAV be iudred
Nv the past thew win win the case
The ground ON which the anti n
brought Is that the portion Of the bank-
ing act charging the Der cent. origi-
mated in the senate. The banks claim
that this tar is levied for the purpose az
raising revenue. and that Il Il unoonsti-
tutionnl because the act provides "that
bills for raising revenue shall originate
in the house Of representatiyes:" and
since this charge Of per cent. ORIGINATED
Now. farmers. producers. workinomen
everywhere; You whose brawny srme
and unceasing toll give yalue 10 INA
bonds which are used by the hanks ffor
without Won the bonds wouldnt h
worth sewer gas,, what do Won think of
this latest capsr Of the money nowerp
Are Won going 10 stand idly and Astiass.
" by and Let this power Get such contrnl
of Won and vour public institntions that
Il can never be broken, Are Won roing
4, ,,.v,,,;+ +ha r,,,,,,t,,v,,t,.- -. -
>e~S
% Won mean anything bv the dam ~,
that the present banlrinr rvatem ~ ahoi-
~ - ~ = - 49, - ..'o'