The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1896-01-09
AFTER NATIONAL BANKS.
Arnold Calls the
Heads Ugly Names.

To THE EDITOR: In my last letter
l quoted circular issued by the
National bank association. It will be
asked probably, els that circular
authentic9" I do not doubt it's
authenticity in the least. It was
brought to light by the editor of a pa
per at Mount Pleasant, Iowa, the cir
cular having been sent to him by his
brother, National banker in Wis
consin who had refused to go into the
devilish business of contraction of the
currency. It was accompanied by a
manly and patriotic letter, copy of
which have in my possession, thus
proving that there was one honest
aud patriotic banker in nearly 1000
National banks, run by about 10000
stockholders.
A second circular explains why
those dens of thieves called "Boards
of Trade" and who are favored with
loans from National banks, when not
a dollar can be obtained as a land
loan to lift a mortgage rushed to the
help of the National banks.
I would like here to call attention
to few points in that panic bulletin.
You will observe it was National bank
ers who required financial legislation
by Congress. Not farmers, merchants,
and producers generally, but the
most grasping, lawless and anarchistic
class of citizens in the United States,
and these were supported by every
den of thieves in the country, and a
large proportion of the cuckoo Office
holders. Even the President of the
United States brought to bear the
whole power of his federal appoint
ments on Congress to carry out the
scheme OF the banks and foreign
bondholders. In this the Republic
presided over by Lincoln and which
he said was government of the peo-
pie, by the people and for the people?
Is it not rather government of the
National banks, by the banks and for
the banks? Jay Gould when before
a congressional committee was asked
by Chairman Blair some questions re-
speeding some stock jobbing and rail-
way smashing, in which Gould had
been engaged. Petulantly he replied,
"Why do you ask me these things?
Make the laws to protect the peoples
interests, and do not blame any man
if he profits by the insuficiency of
them as they stand on your statute
books" The shrewdness of Gould
will not be questioned, and is an eye
opener as to the cause of the multi
millionaire, and the poverty and dis
tress of the rest of this country. Here
then is the true cause why the money
of our constitution, and the money of
the people must be contracted, and
silver demonetized. The interest of
National banks require it! Phew!
what protection! What honorable
men are our National bankers! What
Intelligent and honorable men the
people have to represent them in Con-
gress, when Congress can take the
rights of the people and feed them to
this huge devilfish Of money power,
whose head is in London and whose
tentacles grasp the earth. I quote
from the circular issued by the bank
ers association in August '93. Refer
ing to the repeal of the Sherman law
it says: "The repeal of this clause is
demanded in the interest of those
favoring a gold standard" Now who
favors the gold standard and what is
its object? I reply by citing to you a
circular of a agent or London capital
lists to the New York capitalists in
1862 and read thus:
SLAVERY is likely to be abolished by
the war power, and chattel slavery de-
stroyed. This, I and my English
friends are in favor of, for slavery is
but the owning of labor and carries
with it the care for the laborer, while
the European plan led on by England,
is for capital to control labor by con-
trolling the wages. This can be done
by controlling the money. The great
debt that capitalists will see to it is
made out of the war must be used as
means to control the volume of mon
ey; to accomplish this, the bonds must
be used as banking basis. We are
now waiting for the secretary of the
treasury to make the recommendation