Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1895-01-03
Where Will It End.

WUSIc w Ill IL XluV.
Developments of the past few years
dem onstrate. more than anything else,
the fact that the power OF money was
never greater in the United States than
it is to-day. Since the day the eastern
banks met Secretary Chase's overture
for money with which to carry on the
war, with the counter proposition that
all the funds needed would be provid-
ed if the government surrendered the
banking laws of the country to the
eastern banks, the selfish hold of this
national Shylock has steadily been
tightening and his influence for evil
constantly broadening. The war fund
was absolutely necessary and Secretary
Chase either had to surrender to the
European powers Or to the Shylocks OF
his own people. He chose between
two eyils and very naturally took the
latter, and probably by so doing avert
ed calamity even greater in intensity
than the one incurred.
Never since that day has the money
power failed to assert itself in all mat
ters OF legislation or finance before
congress. The national banking act
centralized the laws of banking and
currency in the general government
and conferred in the hands of the mon
ey monopoly a power which had been
wrested from it in one of the most
memorable contests ever known in this
country, when Andrew jackson, as
president of the United States, stood
for the people. By the national bank
act the states were left absolutely with
out power to legislate on banking and
currency, and all the state statutes
pertaining to banking and currency
were rendered obsolete.
Since the day this national be king
act was debating, outlawing land, linn
iting loans to ninety days, thereby de-
priving the farmers of any advantage
whatever to be derived from these
banks, and forming for itself az abso-
lutte copartnership with the govern
ment in the monopoly of circulation.
the money power has controlled all
legislation on financial questions. All
parties seem powerless and the wheels
of this powerful Juggernaut now roll
in triumph over the PROSTATE form of
the republic. 1t nominates and elects
presidents to do its bidding; it controls
congress; and it even lays its violent
hands on the courts of the country by
debating, where it can, the appoint
ment of judges, whose first duty is to
guard its interests. There are men,
bers of congress who before the peo-
pie will promise anything and yet in
Washington they fall PROSTATE before
the money power and worship it with
3 devotion not equaled since the days
the Hebrews grew tired of waiting for
Moses and fell down in the wilderness
before the golden calf. The same mys-
terious power dictates the appointment
of congressional committees whose
duty Is to smother all kinds of legisla-
ton that will interfere with it's royal
nrerouatives It. hOodoos the presi-
dent and the secretary of the treasury
to issue bonds that the money power
may grow richer and the burden of
the people grow heavier. 1t has been
reported time and time again that the
syndicate engaged in the recent bond
outrage has made millions of dollars
in the purchase and sale of these bonds
and the fact is fouted in the face of
the people; yet no man in congress
raises his voice against this robbery
and no protest comes from the peoples
representatives.
Silver is demonetized in spite of the
fact that every honest man knows and
admits that the chief result has been
the enhancement of the value of gold;
the reduction of wages, business disas-
ter and commercial collapse; yet con-
gress refuses to act for the people or
to meet their demands for the recog-