The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-01-08
per cent interest. costing the people in

per cent interest, costing the people in
interest 81, 200, DOC, 000? s,3-s-s
1t is too late day for the display of
cowardice when these robbers demand
on the bonds, their full face in bank
notes, printed by the government at cost
Of per cent and demand the payment of
Il Of per cent therefor. That means "
of a cent per cent to be paid by u.s. the
people, or 1856 ,666.67ls to commence with
besides the cost of wear and tear OF notes
Also 10 per cent additional on the amount
Of bonds already deposited for circula-
ton, which is a gift Of about $4,000 900
more money. This is only the COM
mencement Of the robbery. I know men
in Iowa now who pay Is per cent interest,
but suppose we say an average of s per
cent as to rate, that this money will be
loaned to the people; because, if the bank
err could not lend it they would not want
it. Thus per cent on say $500, 900. 900 for
SO years is 81, $50, 900, 900, making in all over
So. 203, 666 666 671s. or estimating orr popu-
lation at 100000, legalized Jesse
James hold up of about $z3v to each fam
lily Of fve!!!
am astonshed that any man honestly
wanting reform can speak lightly of the
sub-treasury plan Of the Omaha platform
in the face of the above startling de-
mands of the legally organized bandits.
What are the benefits to come from
government loans to all the people in
stead Of to favored class and from them
to the people?
LIST. Take the amount of debt already
on the shoulders of the people according
to the census reports of 1890 Of over 80,
600. 900, 900. In this sum there are over So
100000 of mortgaged Indebtedness on
the farm and city property. mostly peo-
pies homes, at an average interest Of ~
per cent. A conservative increase puts
the total debts at $4,000, 600, 900. This
at an average interest Of per cent would
be $2450,000.000 per annum going to pile
the money into the hands of the few
A 2 per cent tax bill to all the people
now in debt would add $500, 900 to the
national treasury, s., 900 600 900 more than
the whole cost Of the billion dollar con-
gress. which was about $500, 000, 000 1t
would leave the balance where it be-
longs, In the national peoples banks or
its equivalent-$1,7 $50 600, 900 in the peoples
hands. Under peoples government for
the people the load is transferred from the
monarchial money kings to the liberty
loving people.
j. Now the difference between Coxey
bond, so-called, and an Understanding
bond Of the robbers, is the same in prin-
ciple as the above. CoXey's demand is
money to the people at cost. The Cleve-
sle-Sherman-Reed bond scheme
is money at less than cost to the banker
Yes, an actual present Of the sum named
before to be the peoples bankers still.
With the peoples banks tramps will dis
appear
We will all be bankers as we are now
all owners of postoffices and post roads
Let us also have the courage to demand
as Mr.. WEIGH demands, government own
ership of all monopoles. And last, but
not least, the initiative and referendum
and imperative mandate.
How long would Cleveland stay there
If the people could vote him out, as they
should have right to do? Why call our
selves reformers and fear to demand the
right. Truly yours,
J. r. DIMOND.
Keokuk, Iowa, Dec A.