Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1894-10-10

MIR. MORELAND
TRIES TO BORROW SOME
MONEY
He Listens to Populist Speaker-Let-
ter to His Son Who Had Written to
Him for Money.

have been answered sooner, only |
desired to send you cheCk with the
ans wer. / am ver.g sorry that l find
myself unable to do this. l have ex-
hausted my ready money in my crop,
not thinking should need any until
crops come in. Had / known you were
pushed / could easily have kept
the money had and would have done
SO 1 have bought some blooded
stock l could have done without and
an organ for the girls they have long
wanted, and fixed up the house,
which, with my crop expenses, took
all the money had and left me few
dollars in debt.
On receipt of your letter 1 went up
to the city to borrow some money to
send you. l have 50, 900 out on mort
gage, and tooiS that along as collat-
teral, but the banks would not loan
any money our, save to their city
customers. 1 tried the brokers, but
they would not loan any money only
on city security / offered every thing
have for security for $500 for ninety
days and could not get it. Their ex-
cuse was that the strike and the tariff
had unsettled business, and they
could not let any money out except to
city customers and that as rule on
demand.
went to my Cd friends, Smith and
h hn a.
with their endorsement l failed to get
the money. If had city property l
could have got the loan. 1t seems 10
me that | ought to have got the
money, even without security. 1 had
no trouble to get money ten and ff-
teen years ago on individual note,
and now that l fail when l offer
security worth twenty times the
amount l can't reasonably account
for it. / write you this at length SO
you may know that l made an earnest
effort to relieve you.
1t won't do for you to lose your
farm. l think it would be best for
you to see your creditor and induce
him to wait on you six months. 1
will see that you get the money by
that time. If he won't do that resist
foreclosure and that will give US time
to get him the money, and it is better
to pay the expense than to lose your
home. 1t would also be better for
him to wait, as it would cost him an
additional expense to foreclose.
1 staid with your uncle Henry
while l was in the city.
He is an ardent third party man. 1
went with him to hear one of their
speakers. He spoke on the money
question only, and made it very plain
for his side. have not paid any at
tention to their principles, although l
have not made any money for years
In fact the value of my lands and
other property has fallen so much that
to-day they are not worth over half as
much as they were fifteen years ago.
Neither is the produce of the farm.
suppose being out of debt and the in
terest en- the money LOANED out when
times were prosperous helped me out.
Well, the speaker made the reason
plain to me, and your Embarrassment
caused me to pay very strict attention.
He said the people had been deceived,
and that hard times were made by the
money power, ana as proof cited
that the farmers had raised an abund-
ance of everything to support human
life and make people comfortable.
That the cotton fields of the south
and the sheep raisers over all the
Union had produced clothing material
sufficient to clothe the people com
| fortably and half the outside world
/ besides, and that there was no cause
! for hunger or lack of raiment. He said
! that the funding of the money into
! interest bearing bonds was the first
| great crime against the people. That
if a government bond was good as
| gold, it was the people behind it that
made it so through the taxing power
! of the government. And that if the
credit of the people could make a
bond bearing interest equal to gold,
/ then they could make treasury note
that bore no interest equal to gold
for they bore the same security. rAnd
that the treasury note green
backsl had the advantage of the
bond, inasmuch as it bore no interest
That it was crime against the ma
tion to issue bond-as the govern
ment was the only power that could
make money, and that they could
make money out of paper as we'll as
out OF gold or silver, for it was the
law made by the people through con-
/ gress that made money and not the
! intrinsic value of the metal, or any,
thing else. As an example he showed
weighed S4O. He said they were not
money-not legal tender for a debt
of 81 The law did not recognize it as
money because there was no law in
the watch cases, but silver, gold or
paper dollar was good, and either
/ would pay the debt, because the law
was stamped on them. He said silver
/ was practically demonetized by the
refusal to coin, showing it was neces-
sary to have law in the money He
/ denounced congress for creating ma
I tional banks, and said there was
+ no power in congress to charter ma
! tional bank. That the power to issue
and coin money rested in congress
alone, and that it could not be dele
/ gated without creating money class.
and that by the violation of the law.
And on this he quoted jefferson, Dal-
son, Webster and Others He advo-
Gated the creating of paper money,
which is the credit of the people by