The midland journal. (Rising Sun, Md.) 1885-1947, 1893-02-03
Letter From Mr.. Moves.

political situation bearing on the late cleo.
ton, is revelation that the Tariff and
Force Bills will receive very little attention
by the incoming Congress. The Force Bill
being dead issue, Tariff for Revenue
a misnomer, will be Stunned by its
friends, to be resurrected probably when
Wall street dictates. Seeing this is the
result of the late election Wall street has
won, and the unsophisticated farmers have
been caught in the trap, misled by the po-
litical jugglery of the bosses. But fortu-
nately there has arisen tidal wave in the
West, an independent movement which
antagonizes Wall street conditions. 1t is
the Populst movement, solidly in the inter-
est of the producing and business classes,
and solidly opposed by organized conditions
of trusts, banking usurers, stock gambling
stock watering, gold standard and legal
lied robbery.
There are now two bills before Congress
which particularly attract the attention of
the people One offered to increase the
National Banks circulation, an indirect
government circulation to the people at a
profit TO the banks, to the amount of bonds
deposited. The other a loan on lands at
onethird of actual value at profit to the
Government. The latter is denounced by the
banks and capitalists as visionary scheme,
unsafe, when it really is at present in success
full operation In Ireland, on The continent and
here in millions of mortgages plastered on
the real estates throughout the country, at
higher rates of interest than can be paid. In
the banking interest the bill to increase the
circulation hears no uncertain meaning. II
is continuation ola system denounced by
Jefferson, Jackson, Benton, Calhoun
Blaine, Thad. Stevens, Webster, etc. sys-
tenn tending to "fertilize the rich mans
fields by the sweat of the poor mans brow"
There is not dollar in the pockets of the
people, or that passes over the counter of the
merchant that the National Banks are not
drawing interest on Through their loans to
some employer of labor and producer of
wealth. The bill offered by Congressman
Brosious Of Pa. is to continue for 40 years
this system.
1t reads: A bill TO Increase the circulation
of National Banks, authorizing the Secre-
tary of the Treasury to issue 100000, 900
registered bonds redeemabe in coin of STAN
dai1 value at the pleasure of the United
States (the people, after 40 years from issue
hearing interest at 2 per cent, (which is
Government paying interest on its paper
exempt from taxation, (as now, every
banking association TO receive circulating
notes equal in face value to the face of the
assessed upon the circulation of National
Banks under existing laws pay to the Treas
urer of the United States on the first of
January each year of l per cent on its
average amount Of notes in circulation
during the previous year, and that the law
providing for the purchase of silver bullion
be repealed
This means that not silver certificates or
paper circulation shall be otherwise than
circulated by the National Banks.
Put the test in figures TO this law and see
how. the Government (the people, stands
with banking business, $500, O0O,O 900 at 2
per cent is $40, 1000, 000-unnecessary tax on
the people, unca!led for by the people.
$500, 900, 900 Government money given the
banks to loan to the people at an average
rate of 7 per cent yearly is $35 200, OOO
making grand total of $45, 100000.
The land loan test, $500, 900 900 at % per
cent loaned on $1,000, 100000 of taxable
property, three times as much security as
bonds deposited with Government for bank
circulation, is $l0,O000OO profit 10 the
Government. which is that loan to the
banks Of $500, 100000 costs the people
$40, 100000 yearly, while land loan is
profit of SIC, 900, 900 for the government, the
people. There is nothing visionary in this,
ii is facts and figures indisputable.
There can be nothing more appropriate as
a warning to the people bearing oR the
banking system of our country, than the
warning OF our greatest of statesman, now
silent in death, ). C.. Blaine. Page 118,
Congressional Record 1886, is where the
warning can be found. He said, "Can there
be scheme devised that would legally
enable class OF men to get money without
work, to grow rich by robbing the people, to
swallow up the fortunes of the masses more
effectually than the system of banking pur-
sued liz this country up to the time of the
introduction of greenoseGs, If it is possible
10 inaugurate greater system OF robbery of
the peoples money, that system is in the
present system of National Banks. The
money lost by tbs people under the old
system Of Stale Banks is q mege bagatelle
compared 10 that which has been and will
be taken from them under the present sys.
TEN of National Banks" Our greatest
minds and Sqr greatest patriots have warned
the people against = National Banking
system. The people should iake earning
and petition against further continuation
4 of cur present banking system before too
late. L MOVES.
--,---~-<==-sSr~
Mr.. G. F. Davis, editor of the Bloom
fled, Town, Farmer, save: 81 can re-