Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1895-05-02
A GOVERNMENT LOAN.
BUSINESS WHEN LOANED TO A
10 BANKER.
PaterAaIIsm when Loaned to Farmer
Reasons why the Peoples Party IL
Becoming the Greatest Factor in Ma.
tIonal Politics.

The national banking law is class
legislation. Those having $4,000 can
invest in that amount of non-taxable
Understanding government bonds
Then they can organize banking cor
poration, and upon deposltlng these
bonds with the government as security
Uncle Sam will indorse $4,000 Of the
corporations notes, printing aud sup
plying them at tax Of one per cent,
These notes the corporation can use
the lame as money in their banking
business, loan them out to the people at
usurious rates Of interest, etc. The
bonds keep right on drawing interest,
however, and are non-taxable-a good
investment in themselves. This prlvl-
lege Of depositing money (bonds) with
Uncle Sam, then draw out 80 per cent,
and still draw interest upon the whole Of
the original deposit, is one which is
not granted to the poorer classes Of
our people. 1t would, indeed, be a
grand thing for our farmers If they
could sell their crops, invest their re-
ceipts in bonds, draw interest upon the
bonds, and the government indorse
their notes to the amount Of 80 per
cent Of their investment in bonds, these
notes to pass current as money in
liquidating debts and buying ma
chinery, provisions, clothing, etc.
National bankers go into spasms when
ever the subject Of government loans
to the people is preached, but what in
the world would they go into IL 1t was
seriously agitated that the farmers
should have the same privilege Of In
vesting their one hundred or five hun
dred dollars In government bonds as
Shylock has investing his $4,000?
And why shouldn't farmers note Of
$40, Endorsed by Uncle Sam, be just as
good as the national bankers $40 note,
being secured by lnterest-bearing, nom
taxable bonds deposited with Uncle
Sam? There would certainly be no
difference in the value of the two; one
would have just as much "basis" and
backing" as the other. The only rea-
son why we can't buy $40 government
bond and deposit 1t at Washington, and
have Uncle Sam indorse our note for So,
is because this is not government Of,
by and for the people, but Of, by and
for the few; because we have class legis-
lation whereby the rich are made richer
and the poor made poorer, by being
taxed and robbed to make the rich
richer. Let poor man go to Washing
ton and impOrtune Uncle Sam to give
him the privilege lin proportion to his
means) as the rich man has, and the as
ISOLATED press wires would fairly
laugh as the message sped over them
to the four quarters of the earth that q
fool "crank" called at the treasury de-
partment and wanted to buy $40 bond
stating that ne wished to deposit il
with Uncle Sam to indorse So note
for him, so he could pay of SO Of his
indebtedness and still have $40 left,
safely invested in an interest-beaTing
non-taxable bond! He would be o
crank" indeed-about as Cranky" as
any "crank" ever gets to be-to expect
a privilege from the present monopoly
government, which is only intended for
the favored few and not for the many
which is only intended for the non-pro-
duclng shylock and not for the produc-
ing masses.
No wonder millionaireism Is increas'
ing upon the one hand and pauperism
upon the other.-Free Trader.