The Sully County watchman. (Clifton, Dakota [S.D.]) 1883-1894, 1892-08-27

SATURDAY, AUGUST ",
leaders who expect to run for an office
are saying.
There were 1923 lively progressive
intelligent farmer delegates in the late
Republican State convention. These,
supplemented by the mechanics and
wage workers constituted more than
two-thirds Of the convention and ac-
counts for the splendid ticket nomina-
ted and platform fprinciples adopted.
X
Falling prices, misery and distruc-
ton are inseperable companions
Oni00 Journal
For year and a half Everts has
paved the ground and snorted and bel
lowed about higher prices on account
of the tariff, but lower prices on ac.
count Of the tariff is the fact, so he
changes direction and continues the
same old snort and below. We may
expect at any time that he will curse
the Republican party for increasing
the per capita from $l3S5 to $24.7O.
X X
A new secret order has been dis
covered inside the Alliance and Peo-
pies party. 1t is named Gideons
Band" The closing paragraph of the
obligation reads:
"And further pledge my life, my
liberty and my sacred honor, and
should l wilfully break this oath |
hereby surrender my body to the just
vengeance Of the members of this
order None but the leaders and men
Of influence can gain admittance. The
"common herd,' those who do the
voting and supporting need not apply.
Y \
Smith came to town last Saturday
loaded to the muzzle for the National
banks. He saw no reason why the
Government should loan them money
at per cent. and refuse to loan the
farmers at 2 per cent. Jones said: Do
you know the number Of banking in
stitutions in the country? No. Do you
know the number of National banks
No. Do you know how much capital
is invested in banking? No. Do you
know how much money the national
banks have issued? No. Do you know
what interest the banks are paying
their depositors? No. Well, now
Smith, what do you know? l know
that the Journal says the government
loans them money at l per cent.
Well, Smith, there are about 5000
banking firms in the country and only
A per cent of them are National banks.
The other 56 per cent. do not seem to
care for the assumed great privileges
enjoyed by the National banks, and
the money issued by these National
banks is equal to only II per cent. of
their own capital and per cent. of the
total bank capital Of the country.
The banks do not value the privilege,
and issue only so much as the banking
law makes mandatory, yet these banks
are all paying depositors from 2 to 3
per cent. Arnt they great big fools
for doing so when as you say they can
get all the permanent loans they want
from the government at l per cent?
Well, they contracted the currency
and injured the debtor class. Do you
owe any debts, Smith, that were made
when greenbacks were at discount?
No. Does your brother owe any such
debts? No. Do any Of your relatives?
No. Do any of your wife's relatives?
No. Can you give the name Of any
body that does? No. Do your cam
paign speakers give the names of any
such? No. And yet to save yourself
and kindred you were persuaded to
take $40 stock in the Louck's Elevator
company? Yes. And $40 stock in the
Ruraist? Yes. And $40 in the Farm
Implement Co? Yes. And to insure
your buildings and gram in the ALI
ance companies? Yes. And to take
SO stock IN the Journal Publishing
Co? Yes. Did you ever get any diyi-
dends out of these several Investments?
No. Do you any longer expect to?