The great West. [volume] (St. Paul, Minn.) 1889-18??, 1891-11-20
FARMERS ALLIANCE.
ALLIANCE NOTES.

per cent upon United States bonds as
security. Now let it extend this favor
to those who can give real estate Sc
curity, and things will brighten up
Missouri World
1.-THE Georgia legislature refused to
indorse the Ocala platform" has been
going the rounds of the partisan press.
On the last day of the session a vote
was taken. It stood 1873 for and S
against. Two republicans and three
democrats opposed it-Raleigh IN. C.)
Progressive Farmer.
The North American, discussing
the national banking system, says that
any half dozen men can get the same
privileges extended to bankers if they
will purchase bonds on the same plan.
That is powerful argument indeed.
Most anybody could be president of
the United States if they could get
votes But we can't all be president
and we can't all be bankers Raleigh
IN. c. Progressive Farmer
Reports are going out from
Washington for electioneering purposes
that the finances in Iowa have never
been in better shape than they are at
present" Since the banking law went
into effect twenty-seven years ago but
two Iowa banks have failed, and there
are ISL. Why is it that 95 per cent. of
people in other lines of trade fail and
so few banks? For the reason that
''the common people" pay interest on
their debts and bankers collect interest
GU theirs. Selah!-Chicago Sentinel
"A government, the laws of which
make money necessity to its citizens,
should supply the demand thus created
at just rate of interest A just rate
is one that producers of wealth can af-
ford to pay from the profits of their in
dustry. If such annual average profit
is las at presently less than two per
cent, and the average annual interest
is (say) seven per cent, the wealth of
those who pay this rate is certain to
pass into the possession of those who
receive it.-Metallic Money and Hard
Times.
Civilized nations have by law
designated the precious metals as the
material of money. It is important to
know the motive that prompted such
action. If, as will be conceded, an in
creasing population and commerce de-
mand an increase of money, what
can be said of the wisdom of
legislation that makes such in
creased supply dependent upon the &C
cidental discovery of these metals in
quantities sufficient to meet the in
creased demand? If the wisdom of
such action is not apparent what may
not further inquiry reveal?-Metallic
Money and Hard Times.
MIR. Film found ten-dollar gold
piece, and was right glad of it. Rub
bing his hands in glee he said to him
self: II will go now and pay my rent"
He did so. The landlord paid the ten
dollars to a farmer for corn, and the
farmer meeting Film, who by the way
was carpenter, and the farmer owed
him ten dollars for building his corn
crib. He gave the ten-dollar gold piece
to Film. who took it to the bank and
learned that the coin was counterfeit.
Query: Was Films rent paid? Did the
landlord pay for the corn? Did the
farmer pay Film for his labor? Verify,
money is great blockhead Indus
trial Union.
-'Oh." say the advocates of the single
gold standard, 1--WE want honest mon
ey." Oh, yes, honest money! Is that an
honest yard-stick that is constantly
growing longer? Is that an honest
pound weight that is all the time get
ting heavier? Is that any more an
honest dollar that is all the time get
ting dearer? With Sherman and Nc
Kinley the longer the yardstick gets
the ''honester," apparently, it becomes;
and, in like manner, the bigger or
more valuable the dollar the ''honester'
that will be. But with honest men
that, and that only. is an honest dollar
which maintains stable relations to
commodities, and preserves an even
balance between debtor and creditor
Gen. A. J. Warner
The money sharks are loud in their
wall in defense of an honest dollar.
What is an honest dollar anyway
During the past twenty-five years these
same fellows have given the country at
least five different weights of silver
dollars in their frantic efforts to get on
an honest (?) basis. Among them was
the trade dollar, the heaviest of all,
but when they got it into general cir
culation and it was held by the people
instead of the bankers, it was accident
ally discovered that it was not a legal
tender, because it lacked the authority
of the government in its issuance, con-
sequently the people were compelled
to dispose of them as old metal, losing
one-ffth of their face value. Was that
an honest dollar?--Escondido Zeal J
Advocate.
John Thompson, vice-president of
the Chase National bank, New York,
thus describes our condition in Rhoade's
Journal of Banking, April, 1855: 'srhe
banking institutions of the United
States are to-day liable for demands
which could be made upon them to the
extent of $76. 10 per inhabitant and to
pay which they would have only $12. 20,
or would be short to the extent of $63 80
for each claim of $76. 10. It may be