Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1893-09-27
WHO ARE THE REPuDlAToRs7


are ready to believe that popuiism in
wolves reputation of all debts, the
confscation of the property of the
rich, and everything else that is bad,
It is interesting to note the methods
pcacticed by the ''fnanciers, a class
of people supposed to be the embodi-
ment of honor and integrity.
Secretary Foster is bright and
shining light among the 'financiers"
and his recent exploits are a
fine example of Napoleonic fnan-
ciering. This distinguished gen.
tleman, while holding the treasury
portfolio in Mr.. Harrison's cabinet,
was engaged in looting his bank, and
actually, robbed the depositor, OF his
bank of Sl36, 600, which he used in his
own private speculations. This dis
tinguished ex-cab;net official and
fnan ier is accused by servant girl
in his household with having con-
cei ed large sums of money between
the mattresses of the beds at
his fome, and was promptly dis
charged for exposing the theft So
pal q bic are the frauds committed by
this secretary of the treasury only a
few months ago, and SO outrageous
the wrongs inflicted upon those who
trusted him that he can scarcely walk
the streets without danger OF being
mobbed
On Y recently the Commercial bank
OF brooklyn, y. Y. closed its doors.
The liabilities of the bank were over
Si,@50,000 The banks state
ment shows $500, 52s actual de-
posits, and S927,0 actual loans,
with Sal, ,734 actual cash on hand, when
there ought to have been S247, 600 held
as a reserve. This is one of numer-
called for their money to find the safes
of the bank emptied.
Then think of the furore Senator
PETER kicked up in the senate few
days ago by introducing an innocent
little resolution that required Comp
troller Eclels to explain why the New
York national banks were per-
mittei to allow their reserves to
run below the legal requirements. and
why they were permitted to continue
business while refusing to honor the
checks of depositors as well as a short
ness of reserves? This proposed in
quiry created great excitement in the
senate and lively debate, in which
an effort was made to refer the reso-
luton to commit ee for the express
purpose of smothering it, but this
failed, and it went over under the rules
and took its place at the foot
of the calendar, whore it can be reached
only by majority vote. In the de-
bate the friends of the New York
banks who fought it SO vigorously ad-
mitted that the banks were technical
ly violating the law in allowing the
reserves to go below the legal require
ments, in refusing to honor depositors'
checks and forcing clearing house
certificates into circulation as money,
but there was an emergency and to
compel the banks to obey the law
would precipitate panic and the
suspension of many banks.
The papers are filed with hundreds
of bank suspensions in which the
money Of depositors has as completely
disappeared as if it had been burned
up. and millions of dollars confiscated
by these fnanclers who claim a
monopoly of financial wisdom. Thou
sands of business men have failed and
are placed in the attitude of forced re-
pudiationists by the inability of
millions of people to pay their
debts, who in turn, are unable
to meet the demands of their
creditors by reasons of conditions
forced upon them by the so-called
fnancierS
These conditions have confronted
the people for years, and have gradu-
ally grown worse until a panic was
precipitated that is unparalleled in
American history.
The populists have studied the stu
alton, tried to avoid the distress now
brought upon the country by warning
the people of impending dangers-of
the very conditions that now confront
us, and for SO doing they have been
called calamity howlers," ''repudia-
tionists" and everything else but hon
est people.
The country is at least learning who
are the real repudiationists, and who
are coniscating the peoples money
and their homes