The great West. [volume] (St. Paul, Minn.) 1889-18??, 1892-06-24
PEOPLES BANKS.
Give Us Governments Banks That VIII
Loan Upon All Good Bankable Security,
Including Products.

Give Us Governments Banks That VIII
Loan Upon All Good Bankable Security,
Including Products.
You people of the south and west
don't quite understand us of the north
and east. You think that we are OPP
posed to the sub-treasury principle, but
you are mistaken. We want the sub
treasury principle enacted into law; we
want it and need it much worse than
you do, and that's why we ask that you
broaden it so that any citizen, in city or
country, can borrow money at living
rates of interest on what is counted
good banlSable security in the CONNER
cial world.
We understand thoroughly what the
present banking system is doing and
has done to injure productive labor
and Legitimate business, and concen-
trate the. worlds wealth in the hands
of few selfish schemers. We under
stand the methods by which the
streams of commerce are damned up,
and the natural circulation of the life
blood of business is impeded. We know
that the entire commercial world is in
the merciless grasp of a close corpora
ton Of bankers who have but one
thought, viz, their own aggrandiZe-
ment We know how the masses are
involved in debt, and the volume of
money is Systematically contracted,
values destroyed, and land, and homes
and business pass into the hands of
scheming shylocks; while pauperism,
poverty, vagabondage, prostitution,
etc, shadow the lives Of countless null
titudes We see the ruthless wrecking
of thousands of small business men
each year; we look into the faces of
men and women on whose brows are
written in livid letters the word de-
spair. We visit our factories and gaze
at the pinched and pallid faces of
little children, and young girls, and
broken down women, and men imbruted
by the heavy burden of never end
ing, ill-paid toll; and then we cry aloud
for system that will allow the nations
money to flow naturally through the
channels of commerce and perform it's
work unhindered; that will prevent the
cornering of money and the creation of
panics; that will allow the law of sup
ply and demand to control the price of
labor's products; that will leave no
chance for human avarice to profit by
others misfortunes; that will compel
the money loaning fraternity to acquire
the means of existence by honest effort.
Give us the sub-treasury plan, but we
demand that you broaden it. We want
something that we can take to the
farmer of the north and east who has
no big cotton or grain crop on which to
borrow money, but has other banka BILE
security that is just as good. We want
something that we can carry to the
legitimate business man and show him
where he can derive benefit We want
something broad enough TO bring help
to every citizen who needs help and re-
lieve him from the grasp of the fellows
who, buzzard-lilze, feast on others mis-
fortunes.
Take the banking business out of the
hands of private citizens, and place it
absolutely in the hands Of the govern
ment. Provide for the loaning, deposit,
and exchange of money. Determine
& what security shall be given; what the
rates of interest shall be: and then do
business with all the citizens of the
United States without discrimination.
Government banking should be con-
Quoted on strict business principles.
Good security should always be de-
handed: that provision of the law COM
piled with, and government has no
further questions to ask. All men are
on an equality, and no man can be the
victim of another's avarice
Yes, give us the sub-treasury, but
give it to us remembering that all law
abiding citizens should share the same
natural rights under the law and that
this reform movement is move of the
people and not the farmers alone, but
of all legitimate interests united for the
common weal.-Cincinnati Herald.