The midland journal. (Rising Sun, Md.) 1885-1947, 1892-04-01
The Goyernment our Banker.

poured out inyeclive and threats through
their newspapers, and used all their power
to prevent vote on the bill and no means
were left untried to coerce members who
favored the bill, and drive them into the
ranks Of the money power. The democrat
party was threatened with destruction and
the country menaced with ruin if vote was
given TO remonetize silver. And 1t was
noticeable that this vehemence against the
bill was all in the name of the people, bat
il all came from the banks, the money class
ofthe Eastern States and large cities. Not
single word of this protest was fairly
traceable to the people. This protest and
frantic opposition coming from that class
ought to cause the people to reflect They
have never been known 10 fight for any in
terest but their own.
The result of free coinage is not what the
knowing ones in the banking circles fear.
1t is the cutting this first link in the chain
they have been SO assiduously guarding
which threatens 10 reveal to public gaze the
fallacy Of their whole argument and bold
assertions. Their predictions of ruin to
business interests, would every one prove
utterly grouudless, and the public would no
longer regard as worth notice any thing this
greedy crowd, misnamed inanciers, might
assert. The unmitisated falsehoods their
Subsidized press has boldly thrust upon the
people would teach the public how little re-
lance is to be placed in such a press and
the entire piundering financial system Of
the country would be oyerthrown. This is
the key TO all the monstrosities which are
published in the daily press from day 10
day, wholly unsupported by facts or sus-
tanned by reason, and the frantic railing Of
the hired tools of this aristocracy in con-
gress. The members who are not hired
attorneys of the money ring do not know
enough about the nature and Office of money
10 conceal their ignorance when they open
their mouths on the subject.
An intelligent writer on finance, J. M.
Bachelor, says:
"The census reports say that thirty-seyen
thousand million dollars is now loaned to
the people and industries of the country at
rates rsnging from fur to over twenty per
cent interest, and upon what may be claim
ed first class security. Taking this figure
for basis, the cost to the people for the
use of this money is over twenty-five hun
bred million dollars each year, taking the
average rate Of interest at six per cent,
which is too low il Inaccurate"
When the general public become suf-
iciently we'll informed on financial subjects
to ridicule the ass who talks about seventy
cent dollars--for man is an ass or dishon-
est who resorts to such >nonsense-they will
inquire what business are these banks en-
gagged in that they should be paid over two
billion dollars yearly for their services.
The fear of the general public addressing
itself to the examination of this money
question and discovering IFS entire empti-
ness. the deception and pretense which
envelop it and conceal 1t from the world.
account for the frantic efforts of that class
in its determination to prevent the passage
Of the silver bill by the House. The passage
of that bill would act on the charmed circle
of the money trust like ''open sesame" to
the den of the forty thieves. Danger is i'm
mineut to the citadel when the enemy car
rles the opter works, hence they are defend
ed with The greatest energy,
Investigators of economic questions are
liable 10 draw the wrath and maledictions
of those engaged in the lines of business
which fall under the dessecting knife of
those who are blamed for turning the world
upside down, as some similar disturbers of
old were blamed for exposing rotten sys-
TENS but we attack no man unless he is
conspicuously guilty. Though when those
rotten systems are torn open and their con-
tents revealed the persons engaged in such
pursuits are often prone to feel personally
injured. They are not being attacked. The
persons Engaged in rairoading. banking,
telegraphy and the various lines of corporate
business compare fayorably with all other
classes in the virtues which are most priced
by cultivated society, while their intelli-
gence and administrative abilities are above
the average. The lines laid down by the
systems they are Obliged to follow, lead
where they may, or get ont Of the business.
So it is the systems we are after and not the
persons who are employed either from
choice or force of circumstances, in them.
The maker OF money is the government,
and no competition is allowed. The only
use that money is designed for and the only
use il should be put to is paying debt. A
debt is created whenever package of goods
passes from A TO B, and the payment of
money 10 A cancels that debt. Money is
in no sense merchandise and is created by
the government TO assist in the distribution
of merchandise and payment for labor. and
il should be reserved and dedicated to these
and no other purposes. This being the
source, nature and function of money, it is
plainly The duty Of government to distribute
that tool Of commerce among the producing
and distributing classes, equilably and i'm
partially, without cost other than the ex-
pense of handling. In short, government
should be the peoples banker as we'll as
their money maker. 1t is fully ascertained
that less than one-half of one per cent will