The midland journal. (Rising Sun, Md.) 1885-1947, 1894-11-30

ii tney get IL at all. Iney HX lne
terms and conditions upon which
the people may have a circulating
medium. They are secure from
loss ON account of bankruptcies
because they have no permanent
investments. 1t is estimated that
in the United States alone there
has been shrinkage on securities
since June, 1898, of over four
thousand millions; but the banks
have lost nothing. They always
take a sufficient margin to guard
against disaster.
There are about $4,000 miles of
railroads now in the hands of re-
ceivers, and under the present
policy of falling prices all the rail
roads of the United States must
ultimately be sold under judicial
process. When a railroad is sold
for it's Indebtedness which has cost
from $25, 100000 to $5O,OOO,O 900,
the banks furnish $5OO,OOO to
s., ,0O0,O to buy it in. 1t is then
restocked and rebonded, and the
people are told that the Roths-
childs are behind it, and the bonds
and stocks are sold the railroad is
ready for another wrecking and
another harvest.
The manner in which the banks
control the Western Union Tele
graph Company and the Metropol-
itan Press is simple. They are
stock companies. Their stock is in
the banks for borrowed money.
They must advocate anything and
everything which will put money
in the banks and take money from
the people, or their stock will be
sold out and another management
put in the paper or the telegraph
company. The press is a tremen-
dous engine in making and break
ing politicians, and is used without
mercy against any man who advo-
Gates the peoples rights. The
lower house of Congress represents
the President, and not the people.
The long session comes before each
congressional election. The Presi-
dent, with his three hundred
thousand appointees has from
five hundred to a thousand faithful
servants in each congressional dis
trict. If the member does not do
his bidding he gets no favors, but
the federal appointees at the COM
mand of President nominate anoth-
er man. This is why President
Cleveland was able to change a
two-thirds majority for free coinage
of silver elected at the time he was
elected President to a two thirds
majority in favor of the gold stan
dard. The Senators have longer
terms, but the Presidents power
over the Senate by use of patronage
is powerful to create what Senator
Morgan calls " cuckoos."
The banks uniformity nominate
both the candidates for President
in the old parties. About year
before the nominations the candi.
dates are selected, and the press
declares that they are better than
their respective parties and that
the politicians are against them.
When money is required to buy up
small papers which are not stock
companies and held by the banks
as collateral, very ingenious mode
is adopted. The debtors of the
bank who have pawned their all
for money on call, are called upon
to have their accounts increased
from five to ten or twenty thous-
and as the case may be. Thus the
banks raise any amount of money
without paying a cent. After the
nominations are made the banks
take rest. They have no concern
in the conflict between the friends
they have nominated. Each party
has a good cause of complaint
against the other. Every admin
istration must necessarily be worse
than its predecessor, because times
are worse and must continue to
grow worse under the gold stand
ard, and the "outs" are generally
successful on the infamy of the
Gins"
Concluded nert Week.
All Free.