The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-10-24
THE BANKERS ASSEMBLE,
THEY WANT MORE MONEY IN
CIRCULATION
But They Don't Want a Dollar
Created That Will Not Pay
Them Tribute.
HOW ARE YOU GOING TO VOTE?


circulating medium, and kindly re-
lieve the people of the necessity of
creating money, by their own govern
ment, for their own use, met the 9th.
er day, Oct. 10th, at Baltimore, Md,
to decide how this country should be
governed-in their own interest. 1t
was very interesting session.
President White made a speech. He
said:
mo class Of people are more inter-
ested in the material prospe rity of the
country"
There is no doubt of this-for no
class gets a larger share Of that pros
perity. The interest the wolves have
in the sheep is profound and intense.
In fact they think more about the
sheep than the sheep do about them
selves. Their mouth fairly drool
when they contemplate them.
"Our business is inseparably con-
nected with the conditions of the
world at large, and in fact with all
that enters into the status Of the peo-
ple.''
We should say so. That is just
what we have complained of! = Their
business is "inseparably connected
with the condition of the world at
large" 1t is an awful condition to-
day. and they have largely contrib
uted to produce it. They are the -fel-
lows who circulated petitions to drive
silver out of the mints; and who prom
ised the world good times-they have
got them, for themselves.
Let us cherish our organization,
and by our presence make its councils
an influence to foster and preserve a
system of exchange that will be the adj
miration of every nation. and honor
to either a creditor or debtor, and
Herewith we shall be content"
That's it. They want to make their
councils an influence. They have too
much influence already. They own
Congress as fully as if they had made
the members out of putty. And they
want currency that will be the ad
miration OF the fellow that owes it!
And then Col. Herrick, president Of
a Cleveland Savings Bank, proceeded
| to praise that other national infiic-
tion, the daily press. lie said:
1.-THE influence of the press is best
known and appreciated when it comes
directly in conjunction with or in op-
position to our business affairs. Last
year the attention Of this country,
and | might say of almost the entire
civilized world, was turned to the sub
| ject of finance. If the policy of many
newspapers helped to plunge us into
our difficulties. the policy Of others
have helped to eXtricate us. The
newspaper press of America is the one
great public institution which belongs
to the people and yet it is the eXclu-
sive property OF individuals. tits, next
tOourfre common schools, the noblest,
the most powerful of all institu-
tions that have grown out of free play
of intelligence. granted by appealing,
not to the prejudices, but to that bet
ter nature which predominates in all
human beings, and where it ac-
of Justice, honesty, truthfulneSS of
public faith, it takes on divine attri-
butes, and becomes the first of all in
the liberal professions, for it then
voices the people, and when it voices
that which is best in the people. may
we not then truthfully say that it eX-
presses the voice and will of God?"
Oh Lord What profanity. The
purchased and subsidized daily papers;
owned by foreign and domestic capi-
talists, slavishly obedient to its mas
ters; the very mouth-piece Of insati-
able greed and cruel Injustice; full to
the lips with falsehoods; diabolical in
cunning; industriously engaged in
running mankind,-"expresses the
voice and will of God"
This is flat blasphemy. If the daily
press of the United States is "the
voice of God" the sooner the churches
are torn down the better.
And the convention proposed an
amendment to the banking act, "that
banks are to be allowed to issue circu
lating notes to the amount of one
half their paid up unimpaired capital
subject to tax of one-half per cent
per annum upon the average amount
of circulation of % per cent of the paio
up unimpaired capital, subject to the
one-half per cent tax. and an additiona
heavy tax upon the average amount
of such circulation outstanding fO]
| Cuc yCdI, UIlC dNiuIUlOHdl - pCl CCuU "
be left as an emergency circulation
The tax of per cent upon the aver
age yearly circulation is to be paid t,
the United States treasurer as ;
means Of revenue, and the excess ovel
that tax imposed upon the emergenc,
circulation is to be paid into guaran
tee fund"
Observe this:-The bankers perceive
that the howl of the people for NOR.
currency cannot be much longer re
sistcd but they are determined tina
| not dollar of it shall ever reach tn,
people unless it comes through them
They will levy ten per cent on it from
the people and pay back to the people
onc-half of one per cent; taking nin'
and half per cent per annum TO
standing between the citizens ant
their own governments. The constitu
7 tion provides that the national govern
ment alone shall create money!
any one else attempts.it he goes t,
, prison;-and as the government come
from the people and IS the people, tn,
bankers propose to stand betueeH III
people and the people, and tax them TO
the use Of their own money. VIII
! don't they insist that postage stamp
shall not be furnished directly to tn