The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1896-09-29
NATIONAL BANKS.

wealthy class and in injury to the
common people. The poor were un-
able to buy United States bonds, and
to shave the currency down. In July
1864 $16 dollars in greanbacks would
buy $16 in Uaitod States bonds, but
the rich Wall street goldbugs could, by
paying gold get a bond for SIC Call
ing $43 60, 500 in gold bought in July
1864 as much es 1885 in legal tender
money and that legal tender money,
the government recoined and issued a
bond for 1886. Then the bankers,
brokers and money changers he'd a
United States bond for 1886, that cost
them only 800 in gold and the govern
ment paid them advance interest in
gold. Then they got Congress to make
them payable in coin which included
gold and silver. That was not satisfac-
tory so they got Congress to again
change the contract and pay them in
gold. Was that all7 No, a thousand
times no. They are exempted from
taxation. The bondholders have no in
surance, no houses to rent out, land or
factory, no risk, 10 lo5s, no care; let a
storm come or q drought come and de
stroy the crops but the bondhOlder is
safe. He opens his Bible Sunday
morning and locks at his bond de-
posted in it, smiles and reads the first
OF the 9Th Psalm, Lord there hes been
our dwelling place in all generations be
fore the mountains were brought forth,
or even Thou hadst formed the earth
and the world from everlasting to
everlasting Thou art God" Looks at
his t0nd egain and smiles, and says it
is drawing interest on Sunday as well
as Monday, so I'll go to church. The
National Banks are public enemies.
The National Banker has 800, 600 in
bonds 80 he depI sits them with the
treasurer and receives back at once
800, 600 in silk paper bills, gets his gold
advance interest on all his 800, 900 and
carries his bills to SWansboro, N. c.,
and sets up a National Bank, he signs
them as president end has a cashier to
sign as his cashier. Now this issue Of
bills they loan out to their neighbors
at from 8 to 25 per cent. for all they
can get. They cut and shave with it.,
a paper money issued in room of green
backs, which circulate as money. The
g~reenbacks draw no interest and was
issued by the Congress direct to the
people and which money was declared
by the United States court to be a le-
gal tender; but the National Bank
notes are not a legel tender. Take all
the laws of Congress connected with
the destruction of the greenbacks, re-
sumption OF specie payment, funding
and refunding the National debt aud
establishment of National banks, and
government before, a man heartless,
black hearted uncOnsciencious, unholy,
ungodly set of statuary laws never
was enacted. They must be changed
for a ce1 Oain Gle 3, mostly il the New
England States of goldbugs, bond
holders and bankers, and not the en-
tire section have forged on the other
classes and sections long enough. 1,
myself, have been re constructed. I
declare this Union of States shall b
preserved and the Constitution mair-
taiued. For Notwithstanding the Save.
holder was mastered, his house burned.
his family insuIted and his fortune
ruined, I agree that all men every
where ought to be free, but it is a dark
and foul blot on the American charac
ter and name to deprive the owners of
their slaves and give them no pay, ard
now exempt the bondholders, the very
debt created to emancipate the slaves,
to set them free, and then exempt thu
bondhOlders from taxcy and pay them
gold advance interest, and issue 80 per
cent back in bills there giving the
bondholders and bankers two interests
on the sem9 capital, is wrong, the7
live on usury. This legislation was ell
enacted to please there who held borts
and bank stock, gold or silver corn,
thus letting the capitalist make vast
millions out of the taxpayers AID ID
ride them with packs on their backs.
booted and spurrCd by the grace of God.
1t does not require law to enable one
to loan or borrow money. 1t does not
require law to enable a banker to erect
his bank and bank with his own monev
loan or borrow, seperate from the Ma
tional government or State govern
ment bank if you cheese; but bank on
your own money and not to be allowed
to issue and sign silk paper as nrasi