Indian chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1882-1902, 1891-08-06
AN AppRrss TO Yorrns.
Issued by the National Executive Com
nittce OF the Peoples Party.

Issued by the National Executive Com
mittce OF the Peoples Party.
The address Of the national executive
committee o. the peoples party hts
been ser on rom Milwaukee by see'
retsly seilr'lg Il ST. IS CUT with the
statt ~ "a, the times which try
lrer's '1ls "a here once more. The
descendants OF British tories and othel
European and American capitalists
have "bound the country in chains.
The declaration of independence from
British arrogance needs to be supple
mented by a declaration of independ-
ence from the power OF concentrated
wealth; the political independence
gained by the revolutionists is but a
sham unless our country con secure in
dustrial independence.
The address enlargeston the subtle
power OF money to oppress the poor and
then declares the railroads OF the coun.
try are capitalized at 1900, ,000, 600, and
the great majority OF their stock is
held by the people In England and other
foreign countries who have no more in
terest In the United States than the
vampire has in its victim.
Atareasonable estimate foreigners in
vested $4,000, 100000 in our country.
What value have they given US in re-
turn? They did not give us gold or
silver because these metals have been
carried abroad by the ship load and are
mined here, not IN Europe. To get
this valuable property these foreigners
have merely loaned us their credit in
bank checks. drafts and notes, and
they are paying these with the divi-
dends they draw from our people.
Comparing the foreign capital invest
ed here with the total wealth OF the
country the address says that reckoned
at compound interest the former will
reach the amount represented by the
latter in less then twelve years. The
statement Is made that the Western
Union Telegraph Co. Is capitalized at
500, 900, 600 and makes per cent, but
that its plant could be duplicated with
lSl5, 600, 600, showing that the actual
rate Of interest is 30 per ceut., and that
the same spplies to many other corpor-
ations.
The policy OF the government in pay
ing high premiums for money TO take
up bonds not due, so as 20 dispose Of the
accumulation OF the treasury, is de.
nounc9d, and reference is made TO the
inability OF the treasury department To
redeem 100000 600 Of a per cents about
due.
The address states that the treasury
contains $3.50, 000, 900, but that the bank
ers who control the department fear
the release OF 100000 would break
down the money market and ease the
grip that unproductive capital has upon
the country.
III the billions OF dollars Of bank and
corporation paper, mortgages and
other evidences OF debt issued by indi-
viduals are good enough for the extor-
tioners and the usurers, paper notes
issued by all the people jointly in the
form OF government notes are bet
ter.p
The address then calls for The control
Of the telegraph by the people the same
as the postal system, and says the peo-
ple's party does not propose 10 stop at
the reform proposed In the platform, as
IL is progressive organization.
Au earnest appeal TO the people 10
Join the Organization closed the ad-
dress