Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1895-05-01
NUMBER so.
A GOVERNMENT LOAN.
BUSINESS WHEN LOANED TO A
BANKER.
Paternalism When Loaned to q Farmer
Reasons why the Peoples Party Is
Becoming the Greatest Factor In Ma
tional Politics.

The national banking law is class
legislation. Those having $50.0oo can
invest in that amount of non-taxable,
nterest-bearing government bonds.
Then they can organize banking cor
poration, and upon depositing these
bonds with the government as security,
Uncle Sam will indorse Sac, 900 Of the
corporations notes, printing and sup
plying them at a tax of one per cent
These notes the corporation can use
the same as money in their banking
business. loan them out to the people at
usurious rates of interest, etc. The
bonds keep right oey drawing interest.
however, and are non-taxable-a good
investment in themselves. This privi-
lege Of depositing money (bonds) with
Uncle Sam, then draw out 80 per cent.
and still draw interest upon the wholeof
the original deposit, Is one which is
not granted to the poorer classes OF
our people. 1t would, indeed, be a
grand thing for our farmers II they
could sell their crops, invest their re-
ceipts in bonds. draw interest upon the
bonds, and the government indorse
their notes to the amount of 80 per
cent of their investment in bonds, these
notes to pass current as money in
liquidating debts and buying ma
chinery, provisions, clothing, etc.
National bankers go into spasms when
ever the subject Of government loans
to the people is broached, but what in
the world would they go into II it was
seriously agitated that the farmers
should have the same privilege of in
vesting their one hundred or five hun
dred dollars in government bonds as
Shy,ock has investing his $4,000?
And why shouldn't a farmers note Of
$40, indorsed by Uncle Sam, be just as
good as the national bankers SO note.
being secured by interest-bearing, nom
taxable bonds deposited with Uncle
Sam? There would certainly be no
difference in the value of the two; one
would have just as much basis" and
backing" as the other. The only rea-
son why we can't buy $40 government
bond and deposit it at Washington. and
have Uncle Sam indorse our note for So,
is because this is not government Of
by and for the people, but of, by and
for the few; because we have class legis-
lation whereby the rich are made richer
and the poor made poorer. by being
taxed and robbed tc make the ricE
richer. Let poor man go to Washing
ton and importune Uncle Sam to give
him the privilege Tin proportion to his
means) as the rich man has, and the as
sociated press wires would fairly
laugh as the message sped over them
to the four quarters of the earth that .
fool crank called at the treasury de-
partment and wanted to buy SO bond.
stating that he wished to deposit 1t
with Uncle Sam to indorse a 50 note
for him, so he could pay of 50 OF his
Indebtedness and still have SO left
safely invested in an interest-bearing.
non-taxable bondi He would be q
crank" indeed-about as cranky" az
any crank ever gets to be-to expect
a privilege from the present monopoly
government, which is only intended for
the favored few and not for the many,
which is only intended for the non-pro-
ducing shylock and not for the produc-
ing masses.
No wonder millionaireism is increas.
| ing upon the one hand and pauperisrn
upon the other.-FTee Trader.