The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1894-05-04
NATIONAL APoPLExY.
The People Most Own tho Banks or
Banks Will Own the People.

Banks VIII Own tho People.
Nearly every morning the finance and
commerce reports announce rapidly in
creasing reserves in the banks. Here
is sample from Sunday daily,
money continues to pour into New
York, and the weekly bank statement
shows surplus reserves of s76 SOS, 425.
The gains for the week are S., 457, 100 in
deposits, 50, s53 500 in loans, and s46s, =
525 in reserves The supply of money
in the Chicago banks is abnormally
large and the reserves are constantly
Increasing, the general demand show
ing no improvement whatever. Mer-
chants and manufacturers are requiring
very little help from the banks. and
grain and provision men have borrowed
all the money they need for the pres
ent. The result is that a good share of
the funds held by the banks remain
idle, and there are no indications OF
any early Improvement Loans con-
time to be made at 6 per cent, and
call loans are made at per cent The
clearings of the Chicago banks last
week amounted to but s97, 600, 900,
against Sis, $50, 900 for the correspond
ing week last year"
In the very same papers are column
after column of details relative to the
unparalleled suffering among the hun
dreds of thousands who want but can
not obtain work from which to gain a
livelihood.
When a man suffers from apoplexy
as we'll might his physician congratu-
late him on the amount of blood in his
system as for these apologists of a rot
ten system to declare or presume that
the fault is not in the circulation. As
well may we enjoy life with all our
blood lodged in the region above the
heart, as for labor to be employed
when the money is lying idle in great
boards in our bank vaults.
Observe the secret to the entire
problem. The banks have corner on
the money. 1t cannot reach the chan
nels of trade until interest bearing OBJ
legations take the place of the money
SO withdrawn. Every piece of property
On which money can be borrowed is
now practically covered with all the
security it will stand. and in place OF
borrowing more. is hustling to even
pay the interest already accumulated.
The boards of money flowing east
does not represent manufactures that
western people are buying, but it is in
terest money upon bonds, mortgages,
stocks, or fictitious-the harvest
reaped by our system of wealth absorb
ton, that sucks from productive in
dustry, giving absolutely nothing in
return.
Visitors to the worlds fair and the
Midway attractions were most highly
instructed in the arts that abounded
there in such profusion for extracting
from the curious visitor his quarters
and dimes 1t is but the bank system
on a small scale. Whoever gets en-
tangled in the meshes of our banking
system, comes out as lucklesS and des-
titute as the wayfarer who visited the
Midway. The nets that have been set
all these weary months are now being
drawn in; the ''hauls' are amassed in
the vaults while we read of them as
surplus" reserves" etc, and the
unthinking gudgeons are taught by
the daily press to regard it as the le-
gitimate reward of good fnanciering.
But when it is proposed that govern
ment correct this circulation disease
by putting her life.giving current into
the channels of commerce without first
feeding the greed and avarice of close
corporation of note shavers, then are
we brought face to face With the
enormity of the monster that we have
been feeding all these years. A mon
seef that now dares congress, the presi-
dent and all the people to strangle it if
they can. 1t has been fed on usury
1t calls for more bonds, more bonds, in
which to invest it's idle boards, this to
suck more interest, more substance
from industry. And congress as now
organized is powerless to resist.
The amusing feature of the whole
farce is better realized when we re-
member it is all operated "by consent
of the governed. Chicago Express.