Marshall County independent. (Plymouth, Marshall County, Ind.) 1894-1895, 1895-02-08
Definite Plan Wanted.


increasing interest that is being mani
tested in the banking question:
"The money question was the first
to put in an appearance when Con-
gress met. 1t thrust itself into the
White House and demanded the chief
attention of the President. 1t has
tumbled over and put its feet on both
McIIinleyiSm and tariff reform. The
whole banking fraternity of the c0un-
try is on the anxious bench. The ma
tional banks, for thirty years the idol
of bankers. are condemned by their
friends. who are trying to destroy
them. The banking scheme OF the
President ana Secretary Carlisle has
never had y parallel in the heavens
or earth. The Baltimore plan doesn't
suit anybody. AMI confusion worse
cOnfounded reignS in the house OF the
money changers They see the hand
writing Oh the wall and are determined
to make 4 desperate plunge to gain
all or lose all in the battle for new
financial system. They have outlined
n skeleton plan which they hope to ill
GIB Tic W lSitOll vi W sill SNiNtN IL a.
wel'-dcfincd opposition is not pre-
senled.
''In this hour Of supreme Importance
what are the leaders and heralds OF the
Peoples party going to Go: Are they
prepared to present Il weil-digested
plan or are they going to content them
selves with marking time on we de-
mand The free coinage of silver at the
ratio OF IS to L. and Il national cur
rency. safe. sound. and flexible. issued
by the general Government only,
full legal tender for all debts, public
and private, and without the use of
banking corporations, Il just. equitable
and efficient means of distribution to
the people,
This declaration is too much OF the
glitterinS generality order for the pres
cnt advanced position of the question.
The bankers have opened their new
campaign and their object is the con
quest of more privileges and less re-
sponsibility They have their man in
the Presidential chair. the Treasury,
and the office of the Comptroller of the
Currency. The next Congress they
feel sure of, and with this advantage
of position they have opened the battle
for greater financial conquests. A
$1,000 100000 issue of low interest
bearing. longtermed gold bonds is to
be added to the national debt by de-
stroying all Government issues of pa
per currency. Il debt that can never be
paid. but, drawing perpetual interest
raid by the labor OF the country, and
II banking system over which they eX
ercise complete control. This is what
the money power offers the people
through it's Old parties in Congress.
The Peoples party alone offers them
anything else. and their offer or pro-
pOsal is too indefinite to meet the de-
mands of n counter system. The
Peoples party declare for the destruc-
ton of the national banks; they have
not offered any other system TO take
their place. 1t is time they should do
so. Our members ought to Introduce
q well-digeSted banking system bill i'm
opposition to that of the bankers, that
they could go to the country together.
The bankers threaten to force their
scheme by looting the Treasury of it's
gold. and the President and Secretary
Carlisle are aiding them in the con-
spiracy.
What other plan can the Peoples
party offer to supercede the national
banks and fOrestall the scheme being
concocted by the bankers but Il system
of Government banks? In short. there
is nothing else to offer. The Peoples
party must come out in the most def
mite manner for Government banks or
abandon the field. No financial system
can be conducted in this era of trade
and commerce and complex civilza-
ton without the machinery of banks.
The power that controls the banks
controls the money of the country. and
by that lever controls business and
prices. Moneyed corporations with
little responsibility to government and
people will control the currency or the
government must. The bankers have
raised the new battle cry that the
Government must get out of the bank
ing business, while the fact is the
Government has never been i'm the
banking business. Had it been the
present stagnatiOn of business and
distress would not exist. In place Of
getting out government must get into
the business, or in other words the
people must be their own bankers. as
they are their own postoffice manag-
crs. The corporations which have al
ways been in the banking business
must be turned out as they were out
of the mail business.
1T is time the reform papers took
this demand up and pressed it upon
the leaders of the Peoples party who
are hanging back and thrashing over
old straw. The Peoples party have
been loud i'm their demands for the
money question to be brought to the
front. 1t is there now i'm its most vital
form. Who shall control the money
of the country? This is the most i'm
portant phase Of the question. Are we