The farmers' union. (Memphis, Mo.) 1891-1895, 1895-01-24

US and how are We to get out of
them? Shall we build an alter tn
the old paper money Of the revolu-
ton which ruined individuals but
saved the republic, and burn on that
all OF the bank charters, present amt
future, and their nc tes with then? ?
For these are to both republic and
individuals. Letter to Thomas JEFF
ferson to President Adams, jan, "a.
1914.
"The system of banking we have
both equally and ever reprobated. /
contemplate 1t as blot left in our
institutions, which if not severed,
will end in their destruction, which is
already hit by the corporations and
is sweeping away in its progress the
fortunes and morals of our citizens.
Funding, consider, as limited right
fully to redemption Of the debt
within the lives of q majority Of the
generation contracting It; every
generation coming equally by the
laws of the Creator of world to the
free possession of the earth he made
for their subsistence, unencumbered
by tue predecessors. And | clncele-
ly believe, with you, that banking in.
stutiOns are more dangerous than
standing armies, and that the princi.
pie of spen'iing money TO be paid by
post Gritty under the name Of funding
is but swlndling futurity on a large
scale. letter TO John Saylor, May
%, 1916, Jefferson's Works, volume
6, pages COS COG.
Mr. jefferson further said: Let
US found a government where there
shall be no extremely rich men and
no objectly poor ones. Let us found
a government upon the intelligence
of the people and the equitable dis
tribution of property. Let us make
laws where there shall be no govern
ment partnership with fayored
classes. Let US protect all, in life.
liberty and property, and then say to
every Amerit an citizen, with the gifts
God has given you, your brain, Drawn
and energy work out your fortunes
under just government and an
equal Jurisprudence
The institution (national bank is
one of the most deadly hostilities ex.
isting against the principles and form
Of our constitution.
Ought we then to give further
growth to an institution SO powerful,
50 hostile?
Now, while we are strong, it is the
greatest duty We owe to the safety OF
our constitution to bring this power.
full enemy to perfect subordination
under its authorities. The first
measure would be to reduce them ia
an equal footing with other banks as
to the favors of the government .-
, Letter to Albert Gallatin, Dec. l5
1903, Jefferson's Works, volume i
pages 5l5-520.
After the Z. S. bank charter had
expired BY limitation in 1911, Jcfter
son wrote:
| The banks have discontinued
themselves. We are now without
anv medium, and necessity as we'll as
confidence and patriotism will make
US all eager to receive treasury notes
if founded on spacific taxes. Con
gress may now borrow of the public
and without interest, all the money
they may want.
"Providence seems indeed by 8
special dispensation, to have put
down for us without struggle, thai
very paper enemy which the interest
of our citizens long since required
ourselves to put down Al whateye'
risk. The work is done. The even,
is pregnant with futurity ard if no,
at once by congress | know not what
shoal our bark is to be stranded. -
Jefierson's Works, volume s, page
3S2. letter to Thomas Cooper, Sept
1914.
1t is still noticeable that crime anC
misery are keeping PARALLEL with the