Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1895-05-16

is, and his actions on the silver Ques-
ton are in entire accord with his let
ters and messages during his first adj
ministration. II he has blocked silver
legislation, 1t is the fault Of the party
that nominated him twice after he de-
clared his position on that question,
and not his. ''' ~
The total capital stock Of both the
national and private banks in the Unit
ed States is 81, O67 ,597 ,2S7, and the total
loans s4,14O, 751, 1859, according to the
report Of tho comptroller of the cur
gepcyl In other words the banks have
LOANED out more than four times the
amount Of their capital. This ls money
deposited in the banks by the people
who have but little or no security for
1t. The profits Of the banks consist
in interest on loans and discounts.
Then three-fourths Of their profits
consist in interest on money which
they owe. That is the banker lives and
thrives on the interest Of what he owes.
A great banking system, this! ''~
If the people would adopt the policy
Of the bankers and demand gold for all
their transactions 1t would bankrupt
the country within thirty days. Or, II
they would even refuse to take bank
notes It would give the banks and
business men q dose Of their own rnedl-
cine that would soon make them sick
Of the gold falIacy. In fact II the peo-
pie would act as selfshly as the bank
ers do in these matters the government
would be forced into sensible flnan-
cial policy over which the banks would
have no control.
The Standard Oil company advanced
the price Of oil II cents on the barrel
In two days recently, and 50 a barrel Is
predicted soon. In freezing out small
producers as a means Of getting rid Of
competition, and skinning the people,
the Standard Oil company Is becoming
the greatest robber concern in this
country. In advancing oil Rockefeller
is probably getting ready to endow an
other college or build church.
Do not be surprised that you meet
with opposition in this reform move
ment, and that men are slow to accept
the truth. No reform has ever been
effected without oppositlon-in fact,
no innovation in science, in the field Of
invention, religious or political reforms
have ever been readily accepted by the
world. Every reformer, every lnven-
tor or great discoverer has encountered |
opposition and many Of |
them prosecutions.
Six thousand men in Brooklyn were
Interested in the strike in that city sew
sral months ago. The incidents attend
Ing that strike and its result ought to
add 5000 voters to the reform ranks In
opposition to the two old parties, the
policies Of which make strikes Of that
lind necessary. But how many Of these
1000 laboring men will use the ballot
IS a means Of correcting the wrongs
leaped upon them?
Politics makes strange bedfellows."
Emperor William gave Prince Bismarck
o understand he was a back number,
when the young war lord succeeded to
lower in Germany. When he found
socialism sapping power from under
lin, he was compelled to eat humble
'ie-as lately demonstrated in the Bis
narck birthday feats, and now, to
ounteract the aggressive policy Of the
ocialists the Bismarck policy has been
esumed and the ex-chancellor is prae-
ically premier again. The Peoples
arty Of Germany is making trouble
or the young emperor. u