The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1895-02-07

L-DuI sure enough cleveland calltQ
an extra session before he had been in
Office SIX months TO make arrangements
in regard to the worst financial panic
the country has known.
F.-And they told us there was moth
ing but barley and hay at issue lest fall
but they are now trying to doctor that
best banking system on earth and the
question seems to be very pressing.
L.-Whose banking system is it?
F.-Well, judging from what H. has &C.
complished | should say it is an institu-
ton by means of which the wealthy can
live from the labor OF the poor.
Ii should think they would be salts
fed with it then.
F.-They are, only they are making ar
engagements to make 1t better. more SUBJ
stantial and permanent.
L.-Who do? The republicans or the
democrats?
F.-Money men of both parties who
desire to get the products of labor with
| out working for them.
L.-Why don't they unite and arrange
matters?
FIT Is only a question as to what
| plan would enable moLey men to legally
rob the most and ID serving their pur-
pose they do not want to be outdone by
their political opponents.
| r, What IF tba ,,lop Tho
! Press?
FL think John Sherman should
give place to our J. S. for Sherman ism t
in it at all compared with our man.
L.-Why, the article says his plan car
ried out would be blessing to the poor
widow and orphan.
F.-Yes, Jay Gould operated for the
| benefit of the farmer when he brought
on Black Friday. All legalized robbery
is done under the plea that it is done for
the good of us poor fellows. l am COM
ing to the conclusion that the only way
| to judge these matters is to do a little
independent thinking.
| IL. S. says money is plentiful. The
Press says 1t is scarce when speaking of
| Manltowoc's boom. Still there seems to
be harmony between those fellows, as
j. 5. article is commended. How is it
about that additional ten per cent. he
speaks about?
| F.-TLe government allows the bank S
to issue paper money charging them
b BE- S EaRtts h fbs 81 fss moneT
at cost Of paper and printing to be lent
by bankers to widows and orphans at
to 10 per cent.
| L.-How about those deposits?
F.-Ihat troubles those fellows terrib-
~, They can't get deposits to squander
and lend out to irresponsible parties at
high rates of interest without suffering
a run on the bank. Now, If they can
only get the government to 60 security
why they will get rid of the money and
responsibility.
L.-What did he mean By a dishonest
! banker?
FL do not know whether he referred
to the legal or illegal robber, but of the
two | prefer the illegal one for we can
get satisfaction IN his case by law, but
the other fellow can laugh at u.s.
L.-Then you don't like bis plan?
F.-Ihe government goes security when
| mOnaV lie n h.
| curlty when he borrows it and the bank.
er take the profit. No, think mol.
L--But the country will go to the
pow-wows il nothing isn't done.
Money men caused the panic of
1888 TO perpetuate their robberies
| and to strengthen a system by which
they can legally rob people of their labor
and property, Net caring for any party,
| they chose 1898 because it was time in
which they could accomplish their object
and make 1t appear it was the democratic
| party that was to blame.
L.-Have they accomplished anything
yet?
F.-1es, they told the democrats if
| they would knock out the ShermansIaw
things would be all right and one object
was accomplished.
Twill they ges anything farther?
f.-They have always managed to get
what they want so far, and if they don't
they will make it very dlsagreeable for
the democrats for they have taken a po-
sltlon by which they can squeeze the
people and get what they want.
L.-What do they want?
F.-To buy the products of labor
cheap. To keep the people in debt. To
make money scarce and interest high.
Lilo! Ho. No wonder they have so
many friends. Any man with money
and depends upon interest to accamu-
late 1t desires to buy things cheap and
get big Interest and US poor fellows must
work to earn it for them.
The less money the lower prices and
the higher interest and the bankers help
to make this possible.
r.-Just SO, bought a farm about
twenty years ago for S50O0 Myself and
family have work hard ever since. To-
day the farm Is worth less than that and |
L am paying interest on borrowed money.
Had lent my money today 1t would |
have increased to between $1,000 and |
$4,000. Ny work would have given me
as good living as the farm has done.
My interest which would be about s. 900
a year would enable me to live in luxury.
L.-Where would the interest come
from?
FL would lend to farmers and then
would watch them scratch and they
would be IN the same fix / am in now.
LOU were not smart, were you?
F.-No, but there are lots of them