The great West. [volume] (St. Paul, Minn.) 1889-18??, 1894-02-02
IT Is a Daisy.

( e..
From letter:-"Dr what is the greatest evi.
that attaches to the national banking system?"
IS This is the worst feature: ut has ruined tho
people in every nation earth in which it has had
an existence. 1t ruined the Argentine Republic. It
rniEed France under the John Law Mississippi
Bubble It has ruined the people Of England until
5000 people every foot OF soil in England, and
one in every eight is pauper In Dakota it has
warped it over the backs Of the My Party worship
pers until IS per OF it's acreage belongs to
polatons!
Another bad thing about it is-that there is net
one solitary good thing about it.
Another bad thing about it is that the cur
rency God protect the man who thinks currency and
money are the same thingD isn't worth the powder
to blow it to Bedlam. IT mau owed ten cents to
peanut vender and should whselbarrow a million
dollars in national bank bills over his counter to
pay the debt the peanut vender could go into the
courts and cue for his ten cents Immediately there
after
Another bad thing abont it is that no power in
heaven above earth-on-a-level hell beneath,
could, dared, to try to make the rag baby,
wildcat sawdust stuff legal tender. The idea
that NoTE-a DEBT-could be legal tender!
Another bad thing about it is that it is abso-
lutey insecure!-positively not shadow of secur
ity lies back OF a national bank bill. It is worth
alike in all parts of the country and that alone makes
it equal to the old fashioned catskn, skin the-cat
summerfrost, state-bank currency! In all respects
1t is looser, crazier, and more shameless For the
state bank preten led to have the bank officials
property back of it, and this fraud (bearng the low
lived dirty trick mule name of national '-ha-ha-
hawD DOM have even W summer winds that tra-la-
Ia. .bOom-de- back of it!
"Bonds!" Oh oon't-take yer paw out of your
mouth! Get Greek and Sanscrit and the toothache-
but don't say bonds.- Put it in North American,
Nux Vomican, nihil fit killimazoo language-and
say bondage. People understand that.
Yes, "bawnds" are back of that delicious "best
thanking system in" hades And what is "bawnd?"
why it is DEBIT ''Sho" Yes, it Is, "No-you'rs
phoolin'-po! po! be dignfed and exercise sobrety."
But how in thunder keep his teeth
covered when great American schoolhouse nation
gets up a system of 'money"-(currency really) on
credit debt-and bankers credt-phew-and Sc
cures that debt with ANOTHER debt!!! Send for the
,ring-master just as if a war a dlsaster-or pes
'tilencs driving treasury note to Washington for
redemption-or reduce it's "value"-wouldn't strike
the bonds much harder than it would the treasury
note. How it during the war? Was national
bank bill worth "one'hundred cents on dolar?"
Well not exactly, by bank accounting. The green.
back took it by the and held it up to the "ex
ception clause value-fron SIC. up! Which is cas-
ier to redeem in of war?-one hundred dollars
in greenbacks without interest million dolIars
in bonds with interest? Which would be presen ted
frst?-a circulating greenbdck gold req niring
bond!
bankers debt-aote secured by bt
note!-weIl, that's good-that's "sound sy sLem'
Another thing abouv national bank bill is that
it gets out by being borrowed Quit must go back
to pay the debt-and when it goes back it leaves
larger hole than when it went out to fill "hole"
1t is an absorbent, sucking and drawing night and
day. And now it has become so triumphantly e!e-
phantine in proportions that all other money is in
the Same condition.