The Caucasian. (Clinton, N.C.) 188?-1913, 1895-10-24

dollars per yeer-more IMAM Ten per
,ent.
Did il ever occur to you to ask Why
he government should let set Of
men pay nine hundred dollars for
he use Of ninety thousand dollars OF
bank notes, and then let these same
men charge other men Of the same
country seven thousand and two
uudrsd dollars for the use Of the
same hottest When you get to study
ing such questions as this, You will
begin to understand what 10 meant
by money power"
Why should you-a poor man
q hard working producer-have to
90 to . banker and pay him eight
per cent. for the use Of money when
HE pays only one per cent. for the
use Of that same money. Is it right
for the government to give him that
advantage over you just because he
can buy bonds when you cannot buy
them.f
But this is not all. These banks
are allowed to take the interest IN
ADVANCE. SO II you want to bor-
row thousand dollars at eight per
cent. you cannot get a thousand dol
lars DOWN and. pay the inter
est eighty dollars) at the end of the
year. You must make your note for
the thousand dollars and you get
only nine hundred and twenty dol
lars SPOT CASH, and pay back a
thousand dollars at the end Of the
year. The interest money is taken
out IN ADVANCE, and the bank can
take this money and lend it out,
charging interest in advance again,
and so on,
| Nor is this all. The banks can
take deposits of other peoples
money and lend that money at in
terest while they do not pay any.
thing for the use of it. Then, some.
times the government has many mil.
lions of dollars on hand. This money
is put in some "favorite'' banks, and
the banks can lend out that money
at interest, though they do not pay
anything for the use of it.
With such q nice scheme as this
is it any wonder that the banks are
banded together and fighting for g
continuation of it, Is 1t any won
der that they will spend lots o.
money to try to keep the people
fooled and blinded by false argu
ment and acrid abuse of those wht
are fighting the system9
| If you will think of these facts
little you will see the reason for want
ing to destroy all the treasury note
(greenbacks) and issue bonds in thei
stead. If there were no bonds Their
could be no national banks. TIL
banks and money power want NOR
bonds, SO they can enlarge and kee
up their system. If all the treasur
notes (greenbacks) should be de
stroyed and bonds issued instead
the banks and money power woul
control all the bonds. Then the
would issue bank notes as show
above, and this would be the onl
kind of money in circulation. VIVA
could the banks then dot Why, the
could do aything with the country
They could issue as small an amour
} of money as they pleased. And TIE
would be sure to make it scarce, 8
that they could make the people d
great amount of work for littl
money. They can do that now, bu
under this new SCENE they could Gu
| down the circulation of money t
one dollar per capita. Then, what
in Gods name, would become of tn
; people of the country
Fellow-citizens, we tell you earn
estly and honestly, it Is time to d
! some thinking. You must not b
stupid. You must wake up. Thi
thing is much nearer than you thin
it Is. Grover Cleveland recon
mended it in his last message t
Congress, and will probably recon
: mend it at the next Congress. D
you want this scheme in operation
If you do, just keep on voting 70
the two Internal old Republican an
Democratic parties, and you'll get il
Just as sure as either one of thes
old parties carry the next election
you may expect to have this schem
of the money power put into opera
ton. The Peoples party is the onl
! one which declares against it.
What are you going to do abou
it,
CAN WE BE STILL WHILE THE
ENEMY SOWS TARES?
Again we wish to tell the peopl
who want and demand a change i
public policies that they must not r.
main inactive. Wanting and d.
manding thing will not get it.