People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1894-10-11
MIR. M0RElAND
TRIES TO BORROW SOME
MONEY.
He Listens to Populist Speaker-Let-
ter to His Son Who Had Written to
Him for Money

me that you were about to lose your
land because you could not meet the
payment due on the mortgage would
have been answered sooner, only
desired to SIND you check with the
ans yer. | am very sorry that | find
myself unable to DO this. have ex-
hausted my ready money in my crop,
not thinking l should need any until
crops come in. Had | known you were
pushed l could easily have kept
the money had and would have done
so. l have bought some blooded
stock 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 l went up
to the city to borrow some money to
send you. have 50, 900 out on mort
gage, and took that along as collat-
teral, but the banks would not loan
any money OUT, save to their city
customers. l tried the brokers, but
they would not loan any money only
on city security offered verything
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 a rule on
demand.
went to my cd friends, Smith and
Graham, who did not have it, and even
with their endorsement | failed toget
the money. If | had city property |
could have got the loan. 1t seems to
me that ought to have got the
money, even without security. had
no trouble to get money ten and if
teen years ago on individual note,
and now that l fail when l offer
security worth twenty times he
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. l
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.
staid with your uncle Henry
while l was in the city.
He is an ardent third party man. l
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 lard 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
fla government bond was good as
gold, 1t 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. And
that the treasury note green
oacks) had the advantage of the
bond, inasmuch as it bore no interest
That it was a crime against the ma
ton 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 well 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
a god watch, the cases of which