People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1895-01-24
KILLING A WILD CAT.
GREAT WILD CAT GHOST DANCE
AND SIDE SHOW.
The scneme to be Rushed Through,
While the Whole Gang OF Pirates
Entertain the People With a Ghost
Dance.
(Chicago Express.l

ever proposed is now being considered
IN congress and it is plan by which
national banks are expected to supply
the entire currency used in the bust
ness of the country.
This currency is to be national bank
notes and is to be guaranteed by the
government.
Preposterous as it may seem, the
proposition which is being considered
and to which no banker nor old party
editor has yet objected, is that these
bankers shall deposit only thirty per
cent of security with the government.
Under our present national bank law
deposit of government bonds to the
amount of 10 per cent more than their
circulation is required.
They deposit bond with the United
States treasurer and draw interest on it
in gold every six months, and for every
hundred thousand dollars so deposited
are furnished ninety thousand dollars
of national bank notes guaranteed by
the government.
The government holds the bonds to
make good the guarantee.
Under the new plan the government
will hold only 30 cents on every 81 of
circulation
Many of our readers will think this
is too absurd to be true. 1t is astound-
ing that serious consideration be
given such proposition, nevertheless
such is the case.
Along with the bill as now pre-
sented, is coupled scheme for state
banks.
This, along with some minor details,
was insertd merely to provide a fight
ing ground.
Old party newspapers are preparing
for the fray.
Not one word is said about the most
important and damnably infamous
features of the plan, but they are dane.
ing around with their war paint on
swearing that they see great, big,
live wild cat
They write long editorials and make
fiery speeches denouncing state banks,
and with bated breath declare that
they see the CLEAN of wild cats eye.
Their intention is too plain. They
will insist on eliminating everything
about state banks and rush the Balti-
more plan through with a whoop.
We have killed the wild cat and
saved the country, will be their cry,
and there are thousands who will look
no farther than to be fooled by their
fimsy pretense.
The Baltimore plan is the most COM
plete and contemplate wild cat money
scheme ever devised.
No state bank proposition could be
more infamous than the bankers as
ISOLATION planned for the national
system.
No banker in the country desires a
state bank system, nor is it seriously
considered in any quarter, but was put
in the Carlisle bill merely to attract
attention from the main issue.
The palmiest days of wild cat state
bank money never approached the
period of prosperity that will be ush-
cred in by the new plan.
Money will be plenty and it will be
good.
1t will be guaranteed by the govern
ment and that will make it good.
The banks will draw interes. on
every dollar Of it and gradually absorb
every dollar produced in the country.
Interest is never failing worker. 1t
keeps up its pace night and day, every
day in the week.
1t has no holidays nor periods of rest.
1t eats continually.
Every dollar that circulates will be
accommodating interest for the national
banker.
When the final wind up comes what
security has the government?
For every bank that fails the gov.
eminent must sell bonds to get gold,
to pay off roper cent of the circulation.
Only 30 per cent will be secured by
deposit with the treasurer of the
United States and the remainder will
be paid by the people.
Criticism by the old party leaders is
confined to minor and in most cases
unimportant details.
The intention is that this nefarious
scheme will be rushed through while
the whole gang of pirates entertain
the people with ghost dance over q
dead wild cat, swearing that they see
the CLEAN of light in its eyes.
ONE of the most patriotic utterances
of Abraham Lincoln WAS that those
fellows down on Wall street fought tc
have their devilish heads shot off.
But such talk as that nowadays is