The herald., 1896-09-06

government bonds and when they are
due pay them in gold or silver. just as
we contracted to do, and we will hear
no more of the 50-cent dollar. Silver
will take its place and travel alongside
with gold as it did for one hundred years
before it was deprived of its money val
ue by legislation. But some OF our
one-idea Mckinley Republicans and
Cleveland Wall street Democrats tell us
that our government bonds will become
due in ten to twenty years, and boldly
ask us how we are going to pay them.
They tell us that we are nation or
borrowers, and that we will have to go
to Europe to renew our loans or make
new ones from them.
But we answer no; we will do nothing
of the kind, for under the double stand
ard we will be sufficiently prosperous
by that time to take care OF all the
bonds among our own people. We Will
commence in this campaign and edu-
cate the people up to the fact that our
government bonds are the best invest
ment that our plain people can possibly
get; that they are far safer and far bet
ter than any so-called savings banks.
Now, under a proper financial system
adopted by our government. millions OF
the money now held by these so-called
savings and national banks will be con-
yerted into its own securities. Should
Bryan and a silver congress be elected,
we may confidently hope for
popular loan system like
that of the great republic of France.
which offers to it's own people nrst-
the farmers, mechanics and laborersE-
bonds in small denominations, from So
to S1OO, and, like France, if there Is not
enough to go around, or If the loan IS
oversubscribed, let the small subscrib-
ers be served first, and the balance pro
rated among the larger subscribers, and
in this way our government bonds would
be held by our own people. And II once
they see and appreciate the benefits and
profits Of this system. there will never
be any issue of our government bonds
big enough to go around.
Bonds of small denominations can be
cashed at any moment. The holders
would not have to wait. three or six
months before they could get their mon
ey. Not lonly this. but these. bonds
would be exchanged in ordinary trans
actions of trade, and in this way be-:
come a part of and increase the cir
culation. The interest would also be
paid on these bonds and be distributed
in every part of the country. and still
further add to our circulating medium,
instead of being sent out of the country,
as it Is now. Does any sensible man
doubt for one moment that such q sys-
tenn of finance as here proposed would
bring to us again great prosperity, COM
fort and happiness?
NATIONAL BANK CURRENCY AND
GOVERNMENT MONEY COM,
PARED.
The iniquitous national bank system
was forced upon the people in times Of
great national commotion. National
banks were born in blood and fastened
upon the people as ravenous leeches,
which have ever since been sucking the
lifeblood out Of the people. They were
founded on false theory and have been
upheld and sustained by false patriot
ISM They are greatly favored institu
tions and enrich class at the expense
of the masses. The national banker can
take 100000 government bonds to the
United States treasury, deposit the
same to his credit, and draw his 4, 5 or
6 per cent interest regularly from the
government, and at the same time the
government advances him $780, 900 on his
500, 900 bonds, without interest. which
he. in turn, loans to his customers at 6,
8, 10 or IL per cent. according to demand,
thus securing for his bank double in
terest. This is all very fine for the bank
er, but how is it for the people? Sup
pose one of our people should be for
tunate enough to own a $4,000 bond,
and that it was all he had-that, in fact.
he had such faith in the government
that he had put all of his earnings for
years into this bond-and suppose he
should present hi9 $4,000 bond to the
treasury and ask for an advance Of so
per cent, or $4,000, upon such bond-or
in other words, ask the government to
indorse or guarantee his notes for 5000
upon his depositing his government
bond. what do YOU think he would Ket? :?