People's party paper. [volume] (Atlanta, Ga.) 1891-1898, 1892-09-02
WATSON AT SPARTA.
CONTINUED FROM THIRD PAGE. !

Because he must have his profit for
himself, and he must have something
to make up for the profit that the
banker In Augusta is going to make
out OF him, and also for the profit
that the New York banker is making
out OF the Augusta banker. He
would rather do business for cash.
The profit would be smaller but
more satisfactory. He would not
have to sell out the poor man and
see his wife and children in rags and
tatters, and the whole trouble is that
the government let's the national
banker have a monopoly of getting
the money at one per cent and put
ing you to the necessity of paying
from thirty to fifty per cent; and it
belongs to You as much as to him :;
1t belongs to me as much as to the
bond holder. The government let's
the bond holder have it on his bonds,
but will not let you have it on our
cotton; won't let the farmer have
1t on his wheat; nobody can have it
except the bond holder on bis
wealth. In other words, the money
made for the benefit of all the peo-
pie should not be kept in the hands
OF the few, but all tie people should
have a fair share of the money IN
circulation.
Now, what do we propose? The
government issues money to the
national banker on bonds Of the gov
ernment running twenty or thirty
years bearing 4, 5 or 6 per cent
interest. Now, what makes those
bonds good? Why, the land that
you till, the corn that you grow, the
cotton that you raise, the wheat and
other products of the farm. How
is the bonded debt to be paid? By
the taxes levied by the government
on the horses, mules, corn, cotton,
wheat, lands and every other sort of
wealth which you produce. The
national bankers get the right from
the government to issue money for
one per cent on bonds as security g;
and why, ask you, should not your
lands and cotton be as good as the
bond which is secured by your lands
and cotton? What keeps the trains
running on your railroads? Corn
and cotton. What keeps your stores
open? Corn and cotton. What
keeps the ships afoat? Corn and
cotton. What keeps the laborer in
the field? Why, corn and cotton.
Then why should not your corn and
cotton get some of the benefit of the
circulating medium, which belongs
to you as much as to any man in
America.
Another rowdy contingent here at
tempted to create q disturbance, but
the speaker kept the crowd in good
humOr, and they enjoyed the basting
which he so deity applied
Let the bells ring, let the band play,
let the democrats foam at the mouth,
but am going to make this speech
or die trying.
| say that this system is bad sys-
TEN. 1t hurts the cropper; it hurts
the farmer; it hurts the merchant;
it hurts the country banker +; in short,
it hurts everybody except those near
the top, where monopoly is enthroned
at the expense of all the people.
(Great cheeriug9
Now, how do we propose to RENE
dy this? We say let the govern
ment issue the money direct to the
people, and in sufficient quantities for
the needs of the business of the toun
try; let the people have loans on
their lands, cotton and wheat, and at
a lower rate of interest. Why should
the farmer not have it as we'll as the
bond.holder Why abuse us be-
cause we want "equal rights for all,
and special privileges for none ?"
Here is man who has more land
than he knows what to do with he
stands in need of money to make that
land yield him a profit; if he can get
that money at 2 per cent, instead of
taking a thousand pounds of cotton
to pay that interest, he keeps those
two bales of cotton and pays six or
eight dollars in two shakes of a
sleeps tail.
A voice out IN the crowd: Come
down to the barbecue, boys; there
is plenty of time yet" (Yells of de-
rision.)
They say, "Come to the barbecue. :"
| have got FIVE to their one, and that
is our usual majority. We will give
you a barbecue that means a better
understanding of these things that
make you poorer from day to day in
spite Of your ork; in spite Of your
efforts in spite of your toll and sweat.
/ / know that many Of you have not
understood it heretofore. You buy
a piece of land; you pay from 8 to
20 per cent. interest on the money
ito enable you to build home. The
land is scanned with gullies; you fill
them up; every spot becomes dear to
YOU, because it is your home; you
build a home to live in; you put a
fence around the dwelling; your wife
and children plant vines around the
Joo~s on6 windows. they climb and