Democratic Northwest and Henry County news. [volume] (Napoleon, O. [Ohio]) 1894-1905, 1895-01-31
HENRY COUNTY FARMER
Talks Upon the Financial Condi-
tiOn of the Country.


Ed. NoRTHwEsT:-Please give me
space in the columns of your paper
for few remarks in favor OF Grange
principles in which we favor no polft-
ical party. We are of all political
parties and wish to be so understood.
/ wish to speak first, last and all the
time for the interest OF the farmers
and laboring class on the money cues
ton. First, to show how the money
power is trying to cut off our money
supply direct from the government by
the destruction of the remaining
$346, ,000, 900 Of greenbacks, and to is
sue in their stead gold bonds TO that
amount, and claim it the duty of
every press and every writer to try To
arouse the people of the danger Of
this mighty crushing roller, the mon
ey power, that is close upon us.
Among those who recently appeared
before the house committee on bank
ing and currency was Mr.. Williams.
president Of the Chemical National
Bank of N. Y. City, probably the
wealthiest bank in the U. s. He made
the following statement in regard to
the currency bill drawn up by Sec.
Carlisle, which was In the hands of
Mr.. Springer, chairman OF the COM
mite for consideration. He strongly
urged that the greenbacks should be
funded $50, 1000, 600 at time, in 3 per
cent. gold bonds, until all of them
were redeemed and cancelled, and
national banks should be allowed to
deposit the bonds as security for cir
culation and receive notes equal in
value to the par value of the bonds
deposited, and that a 3per cent. bond
would be better than at lower rate
of interest because there would be
less danger of it falling below par in
the market. This banker advises
that the silver certificates and treas
ury notes of '92, issued to buy silver,
be redeemed in silver bullion at its
market value-one more slice from
the circulating medium. With these
changes he would regard the curren-
cy and banking system as near per-
feet as it could be made and be suf-
ticiently elastic. Now, fellow-citizens,
what does this mean other than the
national bankers are working with
might and money to have these $685.
6S1, ,016 legal tender notes, the best
money the world ever saw, destroyed
and issue 3per cent. gold bonds which
the bankers can buy and hand over
to the Secretary and receive in lieu
the same amount in currency? This
currency he can loan the same as the
legal tender he paid for the bonds.
These greenbacks have been in cir
culation 81 years now and have saved
the government at 4t per cent,
$15, 900, 645 year, in 81 years, $493,-
620, OF, and at 8 per cent. in 80 years
to come would be $312,012,914. This
would go into the pockets of the ma
tional bankers to pay them to use
their notes instead of the greenbacks.
And now, fellow-citizens, | know that
you know, and so does every Demo
crat and every Republican and every
other thinking man, that these green
backs are just as good as gold and al
ways was and always will be as long
as this government stands. They are
based on the credit of the nation and
it is the only currency that any gov
ernment should issue. Had this crit
icism been adopted when we were in
need of money our national debt
would never had an existence and
our national treasury overfiowing.
Mr.. Williams says in his speech that
their stock is selling for $4,000 per
share of $100. There is where our
money goes, and what for you ask.
For the privilege of voting for a law,
yer for congress and nothing more.
You say 1T is easy to find fault but the
remedy is lacking. Here it is in the
Grange principles-every Democrat
in the U. S. attend the conventions
and see to it that none but good reli
able and competent farmers or labor
ers or mechanics are nominated fol
Congress in the good old party. And
all Republicans do the same in theil
good old party, for they are the ones
that got us in this deplorable finan
cial condition. We have not come tC
the worst yet. The Democrats prom
ised us relief from the bad condition
that the Republicans got us in-they
failed. The Republicans promise i
we give them back the teet they will
bring relief. But the relief will new
er come until we hustle every lawyer
outside the gates of the Capital
am not a Confederate adherent but
would rather see such men as oil.
jeff Davis in our Congress than many
we have there who claim loyalty
The way our Congress has treated
the currency question is first class
treason as thousands view it, and i
any farmer don't think have giveI
the truth let him say SO and in what
respect.
One more thing, Bro. Farmer,
will call your attention to and that il
the interest we are paying to Eng
land. Now the interest ON 16 cents
at 6 per cent. per annum, com
pounded once year, would amount
to the sum of $10,07S, ,929, 955, ,975, ,392,
1853, 056, 996, 7O5, $50, 800, 531, 463, 331 il
1900 years. Enough money to cover
America with $40 gold pieces about
2 inches deep. If you don't believe il
figure it out and be convinced.
GEO, N. BoGART.
| Maple street, Jan. 2Sth, 1895.
/ Send your full name and address to
Dobbins' Soap Mfg. Co., Philadel