The midland journal., 1895-11-01
LIVE ISSUES.
Wipe Out Redemption and Usury
Altogether.

raising such a hue and cry among
the money lenders and golditt
organs, ought never to exist.
AS it does exist, the public shOulC
demand of Congress that greenback'
should be made to lead "One Dol
lar" "Legal tender for all dues
public and private" !"
That would end forever the falst
element in this form of money. il
would be the declaration of tht
United States that one dollar non
redeemable money is the standard
by which all commodities can bt
exchanged, and all debts be paid
The Government then might re
tain the option of exchanging such
paper for gold or anything else
without any compulsive feature
about it.
Such paper would always be at
par in the United States, and pass
freely in the exchange for goods,
which is all that is to be expected
of any kind of money.
The money lenders succeeded in
getting the greenback law so worded
that redemption into something else
may be demanded. And having
done this, they turn about and con
demn this form of money because
it is so redeemable.i
They put false condition in it.
and then condemn it because the
falsity is there.
But it is all a game. They want
no government money i'll existence
They want all money handed over
to them that they may get theil
usury upon it whenever they make
a loan.
That is the crime in it all.
1t is crime, for it is a literal
robbery of the Nations resources
Money is intended to relieve the
need of ordinary barter. 1t has nc
other use.
Any one having goods to dispose
of should always be able to get
reasonable sum of money upOl
them at what it costs for the Incl
dental expenses and losses due tC
such loans.
A ring of money lenders stepping
in to take advantage of this need
and forcing the public to pay then
tribute in consequence, is nothing
but rank robbery.
There is no need for it whatever
and the quicker the business pub.
lie recognize this fact, the better fol
the prosperity of the country.
AS matters are, this usury, this
private tax upon trade and
business demanded by money
lenders, exceeds in cost all the prin-
cipal crops of the country; it is in
the neighborhood of Two Thousand
Million Dollars per annum.
With such a huge income at
stake, an income for which nc
"value received" is given, it is not
surprising that Congress, the Pres
ident, and the goldite press gen
orally, are ready to share in the
spoils. But that is no reason why
industry should tolerate such a
monstrous condition of things.
With the wiping out of usury,
money lenders would be compelled
to put their money into industry,
instead of bonds and mortgages.
Industry would then afford the
whole people good means of
livelihood.
Money lenders should have nc
more say in the control Of the
finances of a people, than wolf in
the care of a herd of sheep.
The Bankers Convention, now in
session at Atlanta, is obtaining q
hearing in all parts of the country
in reports of speeches, ETC., that is
unprecedented.
Formerly, such conventions were
merely reported in the financial
Journals. Now the words of these
cormorants are being printed as law
and gospel by nearly all the news
papers, and the business public ii
led to believe that these sayings
are in behalf of the public good.
1t is monstrous crime upon thii
Nations resources.
1t is a ravagement of the whole
people.
Banks have had their day.