The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-05-23

can loan at a high rate of interest 1--WE
1 want to deposit this $1OO OOO kVs
with you, upon which you paw mo auo y
per cent. interest semi-annuallv IN
vance, in gold, and at it's maturity ~ "
principle in gold, and I want Won ~'
loan me 800, 600 in national curranov"
for which I will pay you l per COW
per annum at the end Of each ~
months, as 1 can't afford to paw #
advance. We have named the herL
as you will see by this writing Of ~,
partnership, First National Bank "
D. You can, if you desire, send ~
agent around quarterly, to sec how ~
| get on, at the expense of the Unito5
| States"
All right" says the Secretary q.
the treasury, Il will issue my procIs,
nation next week. I will have 1901 NM
treasury notes ready for delivery !,
fifteen days, 50 go ahead, Fir, Wolf
get your Office fixed up, and we win
deliver you the money in twenn
days"
After shaking hands, Mr.. Wolf stem
out, saying to himself, this beats
anything I ever heard Of; l am goino
to receive double interest on my money
Al per cent. from the government, and
10 to Is per cent. from my customers
who are compelled to come to me IA
get it. Amt 1 in luck; surely this ia
great government"
After Mr.. Wolf had departed. Nr
Lamb says to Mr.. Treasurer, 4 own
1000 acres of fine agricultural land
near the town of D., in which Wolf
lives. There are hundreds of DOOR
families in our section who are ruininp
their health, living in old, leaky huts
and raising their children in Ignorance
because they have no school privileges
[ want to improve my land and build
twenty neat residences, and necessary
barns and outhOuses to each. I desjrp
to build a school and church house and
furnish twenty families such convent
euces as will permit them to enjoy all
the substantial blessings of civjjz.tio
at the least possible cost. I have here
a 800, 600 bond which I desire to de-.
posit and borrow Of you 800, 600 on the
same terms that Mr.. Wolf obtained
his"
Treas.-"I am sorry / can't accom-,
modate you, Mr.. Lamb, but i: is in.
possible for me to loan you one cent to
improve the country with. O. to Mr..
Wolf, he doubtless will accommodate
you"
Lamb-"That's strange. Iofer you
the same security that Wolf gave you.
[ thought this government was no re.
specter Of persons"
Treas. Nor is it. The government
only discriminates in avocations."
Lamb VOL will charge me ten
per cent, and that will not only absorb
my 1000 acres Of land, but enelave ne
and my tenants besides"
Treas-Cant help it, Mr.. Lamb,
made the law and l must be
governed by it, if it reduces every
farmer in the nation to beggary."
Lamb-''Do I understand you to say
that the Congress of the United States
enacted a law converting it's outstand,
ing greenbacks into Interest bearing
and so framed the law that no
one can borrow money from the gov,
eminent on any security unless they
engage In the money-Ioaning business,
not limiting them in the interest they
may extort, give them a monopoly On
the money and thus drive the people
by law to enslave themselves to these
bankers through high rates Of in
5~erest?n
Treas.-'Tnat's about the size Of it."
Lamb-'I am to understand that the
government has Outlawed every other
industry except that of banking, and
that 1 must go to the banker and pay
nim ten per cent. Or let my land lie
die, because Congress has by law given
'he banker privileges that it denies to
ne. Well, l shall not attempt to i'm
prove my 1000 acres, because it can
'nly end in enelaving US all. When I
ook over this great country and see
What a country might be under a wise
md benifcent government, and what
t IS, L am constrained to say the prin,
Of democracy have taken wings
md flown away. Good day"
HALIFAX COUNTY.