The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1893-11-17
GOVERNMENTAL BANKING.
It Would Unity Government and Banl
Credit, Abolish Interest and Control
Issue and Distribution.

Issue ana DlStftDuttOn.
Tks recent panic has shown the utter
Insecurity of the banking methods
which obtain under our so-called ma
tional banking system. Confidence,
which is at all times the prerequisite
of our industrial and financial life,
finds in this system only distrust and
failure, for not only have corporate
banks become partners with land
boomers and stock gamblers and have
employed the peoples money in fur
therance of their illegitimate schemes,
but when the limit of imitation had
been reached and the more reckless of
them began to fail, causing suspen-
sion in regard to the solvency of all the
rest, they were obliged to pull down
their inflated structure of wind based
upon inflated values and Legitimate in
dustry was paralyzed. Th>attempt
by the bankers to turn the minds of the
people away from their own inherent
weakness in their senseless cry that
the repeal of the Sherman act would
remedy all the trouble, finds little ere
dence in the minds of the people, for
the longer the debate continues in con-
gress the more clearly does the real
difficulty present itself. The crusade
against the banks strikes at the very
citadel of so-called vested rights and
class privilege. The contesting forces
in this financial fight are represented
upon the one side by those who wish
to increase the bonded system which
has it's ramifications in every village,
town and city in the United States,
the increase of which adds new bur-
dens to the people, to conserve
the interests OF constantly decreas-
ing number of people in holding titles
to property upon which they support
themselves and families in luxury and
ease. This system is the fiend incar
nate that is sucking the life blood
from our industrial energies, is estab-
fishing in this country an irresponsible
moneyed plutocracy and expressing it.
self in the older countries by the eXcesses
and debaucheries which surround roy
atty and kingly power. And on the
other side are the people who must de-
lnand that the employment of private
| wealth land public wealth in the hands
Of corporations) shall cease to be used
| in the prosecution of public improve
naents upon which these Shylock-eat-
ing titles command the substance pro-
duced by labor. The fight is between
the bond, stock and mortgage holders
and the people who produce.
| The important mental vaporings
which have found expression in the
halls of congress by men sent there to
legislate for the whole country, have
studiously avoided in their appeals to
the people, the questions causing and
underlying our financial troubles and
have RECALLED the people with effusions
| about biIhetallism, moncmetallism,
bullion PARTIES, money PARTIES, and
so-called intrinsic values and many
other chest throwing pastimes, there
by contributing to our literature OF
finance, already overfiowing with the
rubbish of intellectual hypocrisy, ad-
ditional evidence that our so-called
statesmen think it safe to still bank on
what people don't know upon the
question of finance. The founda.
tion stone of this pyramid Of
financial fraud and deceit is
planted in the soil of corporate
banking and from its foul nest are
bred the evil birds of prey whose pirat
ical attacks upon our industries have
eliminated in the present panic. The
large fund which the people intrust tc
the banks is in its nature public funt
representing the circulating capita
employed in the productive and dis
tributive forces of the nation. It is ex
pressed in private individual account,
at the banks, but in effect it is in fac
the aggregate fund of societary fnan
cial commonwealth and to intrust thi
large sum of money to the custody of /;
very small part of the people, upor
which, through our exchanges, they
gather the profit of industry and enter
prise, gives to these favored ones abso
lutte control of our monetary affairs
The rapid transit problem in al
our large cities lies PROSTATE at th
feet of this great monopoly and th'
mOneyed satellites that revolve arount
their central sun make this fund pub
lie one. in fact, through the esta blish
ment of public banks and the bonded
system, which is in essence a methot
to live without work, will receive it
, death blow and the shameless scene
which are being enacted at our stat
houses and at the national capital
where the lobbies are the controllin
power in shaping our legislation, vii
be done away with and the men electe
to our legislatures and to congress viii
escape the suspicion upon taking thei
seats of being there at a price t
conserve the interests of som
n corporation. Under governments
banking the uses for private clpi
9 tai would not be needed for publ
purposes. Since the people woul
l have restored to them the funds whic
n are Eow used in stock and money gan
t bling to contract all public improve
4 ments without the use of a single bon
a upon which bonding system, togethe
: with the absorbing power Of landlort
e ism in laying economic rent upo
: tenants, plutocracy and royalty pas
o useless and besotted lives in regi
4 splendor.
: The fear of the bankers of the fire
s coinage of silver does not arise frol
j any suspicion that it is not good none,
but from fear of the introduction int
L our money system of a commodity upo
? which to stamp the money symbo
sufficient in value to destroy the nece
sity of issuing bonds upon which the
and their beneficiaries live and gro
fat, in addition to the loss they woul
sustain By being deprived of the priv
= l'lege of issuing their own currenc
0 which they would be estoppe
: from doing by the pr senoe (
!. the peoples money in the use /,
+ the white metal upon the same leg,