The farmers' union. (Memphis, Mo.) 1891-1895, 1894-04-19
The Great Financial Conspnacy.-"What
Shall the Harvest Be-"

Shall the Harvest Be-"
1t will not be disputed that mon-
opoly of money is monopoly of all
that money will purchase. Hence
from the foundation Of the American
Republic to the present time the
bankers and would-be wealthy magma
tes OF this county, have been conspir-
ing TO secure monopoly of the
money Of the country. The estab-
lishment of the first United States
bank was intended for that purpose.
A party in opposition to this would be
money oligarchy came into power
with Thos. Jefferson at its head, and
yet so shrewdly did this infant money
power manipulate Congress that it
was rechartercd.
Then the opposition of this legal
lied monopoly Of the money of the
country was reorganizcd and Jackson
was elected. Still the bank was en-
abled to secure recharter from Con-
gress. Jackson interposed his veto
and the scheme was sco.ched; not
killed. Failing in securing a legal
lzed monopoly, IN the shape of a
national bank, Legislation was so
manipulated as to secure state bank
ing on special basis, as fixed
principle of public finance. Through
this system, it was possible for the
spectators to create alternate periods
of imitation and contraction and
thus rob the people of the wealth they
create. Thus was brought on the
great panics OF 1887 and 1857.
But from this class of panics the
people had some chance of recovery.
The currency became worthless and
business adjusted itself to the smaller
volume. Under our existing system,
the money remains good, and its
1 owners may use it to bring the people
| to their knees rs suppliant mendi-
! cants. Under the old system the
banker broke and the people lost
their money and their deposits. Tn.
der the present sy stem the people are
bankrupted, and the bankers money
remaining good with all the power that
money implles-the power to monop-
olize all that money will purcease.
Uuder the old system the bankers
made big haul and retired from the
field to reorganize for the next cam
paign against the wealth producing
interests of the country. Under the
present system the, bankers make big
hauls put are not compelled to re.
tire from the field to reorganize their
forces. They can hold their grip.
Their machinery is always in working
order They bankrupt their victims
and then dictate the terms upon which
they will permit them to recommence
business and create another supply
of wealth for the next big haul. G.,
the next panic.
! This is the system the bankers set
about to engraft upon our institutions
while the life of the nation was trem-
bling in the balance, in the struggle
Of 81 65. At the first they sought
to loan their notes to the government
in exchange for government bonds,
ut an exoribitant rate of interest.
This was met by i creation of legal
tender paper money and the bankers
realized that they could not capture
the citadel of the peoples liberties in
this high-handed, h,ghwayman style.
They returned to their old tactics OF
guile. The first step was to control
the Senate. In this they succeeded
and forced an amendment upon the
legal tender bill, that the money ere
ated thereby should be legal tender
for all purposes except duties on i'm.
ports and interest on the public debt. =
| This money was made convertible
into bonds. the interest on which
must be paid in coin.
This created money to carry on the
war, but at the same time created a
demand for cash to pay import duties
and also for the creation of an in
terest bearing debt. As was intended
oc;n upos forco.1 n ,.rominn onG