The Caucasian. (Clinton, N.C.) 188?-1913, 1893-11-16
WHY HARD TINES :


produce another if congress did not
obey their orders and at once repeal
the Sherman silver law.
Who are these bankers. ANYWAY :
What do they produce: : what do they
distributed! what moral right have
they to cumber the earth !:
They are money handlers.
The goyernment-which is the
people-makes aid issues the money
for the use of The people in making
exchanges. The bankers are few
men who have perfected scheme of
getting between the peoples govern
ment and the people. getting hold of
the money and refusing to give 1t up
until bounty in the form of inter
est is paid them. Interest is some
thing that the laborer produces and
does not receive; in other words, in
tereSt represents unpaid labor. Bank
ers, then, are men who live in palaces,
drive fine horses, own steam yachts,
and drink champagne, on that part
of the laborer's product for which he
is not paid .
These men, highly respectable be-
cause they are rich, are the great
blood suckers Of our nations wealth.
They absorb the wealth made by la
Dor and leave the laborer poor.
These men forced Cleveland to
take back what he said about the
tariff, and forced him to say in his
message to congress that Sherman
law (Which added $54 100000 silver
dollars to our circulation every Year,
was 'the only menace to our coun-
try's prosperity"
The financial writer's SAID few
weeks ago, "The bankers threaten to
make another panic" This is prac-
teal admission that they have made
one. The fact that they have the
power to make panic, to throw
hundreds of thousands, yes, millions
of people out of employment, to OBJ
lige those who are poor to endure
hunger and cold, to make it neces-
sary for hundreds of thousands to
spend their little savings, to ruin
hundreds of business houses, and
bring on such fever of crime as this
country has experienced in the past
six months, is sufficient reason why
we should Learn to look upon them
as the foes of civilization, the oppo-
nents of progress, something to be
condemned and voted out of exist
ence!
Every man who carefully watches
the signs of the times knows that we
have what the papers call "a strin-
gency in the money market" "a pan
ic of more or less violence-every two
or three years. These are bankers
panlcs.
A bankers panic is deliberately
planned and scientifically executed.
Bankers have the power to produce
one at any time. They do make one
as often as it can be made to pay
them we'll; and sometimes their
greed overcomes their discretion and
they come near "killing the hen that
lays the golden egg"
The bankers know that in one way
at least dollars are like potatoes.
When the crop is large and potatoes
plenty the price is low; and when
they are scarce the price is high. So
it Is with dollars when they are
plenty their price is low-not low in
cents, but low in purchasing power.
When dollars are cheap prices
are high; when dollars are dear
prices are low.
There is now so little money in Cir
culation that the banks are able to
control it. The banks own large
amounts of stocks, bonds and mort
cages. When times are good,-when
labor is employed, and trade active,
the National Bankers Association
decides to have panic. First they
sell their stocks, bonds and mort
cages for the high price such proper
ty always brings when times are
good. Then they turn the checks,
drafts, etc, into money. They lock
the money up out of circulation, and
wait for prices to 60 down.
The removal Of 50 MUCH of the cir
culating medium from a place where
if is available never fails to cause
prices to go down. Falling prices
discourage business men. They rev-
er care to buy or manufacture goods
while prices are on the decline, but
prefer to wait till they have reached
bed rock, Working forces are every
where reduced, and in many cases
wages are cut down. At the same
time the price of cotton, tobacco and
everything we make to sell also goes
down. The bankers encourage fall
ing prices by refusing to make new
l. o1J opoc onH hy oa ii =