davidaulloa/AmericanStories huggingface dataset:
The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-07-01
WHO rs HOBARTy

One Hobart has been nominated at the
st. Louis convention as the Republican
candidate for vice-president. Immediate
Iy everybody asks, "Who is Hobart?"
Well, Hobart Is a member of the Re-
publican national committee, a man who
stands with Plat, Quay, Clarkson, Han
ma Fessenden, and the like, as machine
politician of the Campaign barrel" type.
He has been delegated for years to collect
campaign subscriptions for the Repub-
lican committee from the railways. banks.
factories, and various trusts.
In the next place is also a millionaire.
II. it were not for that he would not have
been nominated. 1t is understood that
the vice presidency has been paid for lib
orally No one but millionaire is
thought Of for the position. Morton and
Reid were nominated in 1888 and 1892
respectively for no other reason. 1t is
auctioned off to the highest cash bidder.
Hobart this year had the proper qualifi-
cations for the nomination, and got it.
Hobart is president or director of rail-
ways, banks, mills and various corpora
tions. A few are here given: He is re-
corded as directing the general manage
ment of the East Jersey Water Company,
as president OF the Passaic Water Com
pany, of the Acquackanonk Water Com
pany, the Paterson Railroad Company "a
consolidation Of trolley lines), president
of the Morris County Railroad and of The
Peoples Gas Company. Besides these
offices he has been in many directories,
among them being the First National
Bank of Paterson, the Paterson Savings
Institution, the New York, Susquehanna
& Western Railroad, the American Cot
ton Oil Company, the Lehigh & Hudson
River Railroad, the Edison Electric 1llu-
minating Company, the Pioneer Silk
Company, the Barbour fax Spinning
Company, and the Barbour Brothers
Company. He is also trustee and ad-
ministrator of estates. Mr.. Hobart is
also one of a committee of three who
oversee the affairs of one Of the largest
railway combinations in the world, en-
bracing 80 of the largest railways, and is
attorney for numeous railways and other
corporate enterprises
It is apparent that Mr.. Hobart Is ex-
ceEently qualified for the position to
which he is nominated. His name will
command rich campaign subscriptions
and that is tn whole thing, as G. O. P.
politics is now run. Hobart is typical
representative of the resources and
standing of the party in these later days
of old party corruption and demoraliza-
ton. The people will rise in their might
in 1896 and call for new and clean
regime on the basis of patriotism.
The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-07-01

Knox, during the year 1916, Gin floods,
notes of all denominations were poured
out from six cents upwards"
+ Pandemonium could hardly be worse,
and the country at war too. How patriotic
these bankers were tnen! "'Twas ever
thus" Suffice it to say, that in 1914, the
suspended banks held 100000 of treas
ury funds. Says John Knox, comptroller
OF the currency in 1876:
''The root of the evil lay in the attempt
of the government to carry on an expensive
war by means of bank loans and the notes
of corporations over which it had no con-
trol, thereby converting an irredeemable
paper, issued by irresponsible Institutions
into national currency
All this can be urged with just as great
force against the present national banks so
far as control of circulation is concerned
except the government makes good the
circulation.
THE SECOND NATIONAL BANK.
The bill granting the Second National
Bank was approved by President Madison
April 10, 1916, and was largely modelled
after the First, the main difference being
in capital, which was now $35, 600, 900 in
stead of ten, and Of this the government
subscribed one-fifth as before, but this was
payable in coin, as government stocks
bearing five per cent interest, redeemable
at the pleasure Of the government. The
law provided that individual subscriptions
must oae-fourth be paid in coin, and the
other three-fourths in either coin or in the
funded debt of the United States. Five of
the directors were appointed by the presi-
dent and were to be resident citizens of
the United States, and serve without COM
pensat:on. The debt exclusive of deposits
could not exceed the capital of the bank.
This bank could establish branches, and
the notes OF the bank payable on demand
were receivable in all payments to the
United States.
If bank note was not paid on demand,
IL per cent per annum penalty attached at
once. The bank had to give the govern
ment facilities without charge for trans
ferring government funds within the Uni-
ted States Notes less than S. were pro-
h:bited, and all notes less than 500 were
The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-07-01

on horse trade last year, owing to the
accursed blight of Democratic rule. 10
not know what the future has in store for
me, but. / would accept the postoffice to
get even. Yours in faith, hope and char
ity, -Ebenezer Doorflinger.
Chandler and Elkins are two of the
leading lights Of the Republican party.
Their frankness is commendable The
other two represent the small and cheap
kind Of Mckinley sholters. The whole
symposium exposes the campaign of
greed which McKinleyism represents.
The country is threatened with an adj
ministration Of ,egalized robbery, if the
St. Louis platform and candidates are en-
dorsed by the people at the polls this fall
The ratification Of the ST. Louis conven-
ton at the ballot box means four years of
plumber under the guise of law. 1t means
that plutocracy has usurped the place of
patriotism in the United States of Amer
ica
The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-07-01
SILVER CONVENTION.
One Is Called for the Purpose Of Electing Dele.
gates to the National BimetallIo
Convention.
1t Will Be Held at Harmonic Hall. Minneapolis,
on the 10th Day Of July. 1896.

There will be q mass conven.
tiCn of the qualified voters OF the
State Of Minnesota, who believe in the
principles of the American silver or
ganization as set forth in the appeal
to the people Of tho United States
made by the leaders of the free coin
age movement at their meeting held
in Washington, D. G., Jan. %, 1895.
Said convention will be held at Har.
monia Hall, In the City of Minnie.
apolis, county Of Heanepin, on Thurs.
day, the 10th day OF July, A. D., 1896,
at the hour of II o'clock in the fore.
noon, for the purpose of selecting 30
delegates to represent this state
at the national convention of
said american Silver Organization,
called to meet at St. Louis, No., on
the ed day of July, 1896, to nominate
candidates for president and vice.
president Of the United States.
Distinguished speakers and advO-
Gates OF bimctallism will be present
and address the convention, and it is
desired that large attendance and
full expression Of the free coinage
sentiment OF this state shall be Sc
cured at that time.
Address for particulars,
JAMES w. FR1FFIN,
Member of National Committee for
State Of Minnesota.
Minneapolis, June "a.
The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-07-01
THE WRECK OF LIBERTY.

Note--The old Liberty Bell" was lately
carried from Philadelphia to Atlanta to
grace the Atlanta Exposition" 1t is said
that the people along its itinerary went wild
with their manifestations OF enthusiasm:
even the press joining in the general clamor:
But through it all, this dead mouthpiece of
Liberty remained silent there was no music
from Its tongue, and it's form was draped
in pathetic memories. for its glory was In
the past.
From Philadelphia toward Atlanta, fair
Freedoms bell goes mutely on its way
Amidst the plaudits of a thoughtless people,
who realize not that they are slaves to-
day.
The press joins in the senseless clamor
raised up for our inheritance-this
broken bell,
Voiceless amidst the loudest acclamations
from lusty throat. to drown the under
swell
OF wave on wave Of endless anguish, fierce
beating 'gainst the lives OF workers.
sore Opprest,
And fettered fast by greed and COLDS do
minion, that harshly chafes their sad
and long unrest.
O, Bell! that once rung peal on peal of sloryl
prison.
A peal of Liberty through the land!
Why silent now when slavery hath risen
The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-07-01
white LEAD!

par value $400 each or 81, 900 900 of it's
$4,000, 900 capital which sum was paid
in in ten annual installments of 5000 900
each. The first board Of directors con-
sisted Of rs citizens Of the United States
not more than three-fourths eligible to
reelection in the succeeding year.
We call attention of our readers to the
following enumerated powers and ask
them to carefully compare these with
those Of our national banks of today.
They are almost Identical:
"The first bank could loan on real es-
tale security but could only hold such
real estate as was requisite for the erec-
ton of suitable banking houses or should
he conveyed to it in satisfaction of mort
gaes or judgments. The bills and notes
Of the banks were made receivable in
payment of all debts to the United
States"
Bankers had not then learned the fine
art of getting something for nothing from
the government as at the present day.
During it's 20 yers' experience the treas
ury received $3,773, $50; paid out, $685.
427.71; profit, $1,137, 1929, or nearly 81
per cent.
1t expired by Limitation on the 4th day
of March, 1911. Gallatin, secretary of
the treasury, favored it's renewal and
said: 1.-THE affairs of the bank as a
moneyed institution, have been wisely
and skillfully managed" A bill to re-
new the charter was lost in the senate
which stood II to II, and then defeated
by the casting vote Of the vice president
George Clinton, of New York. A bill in
troduced in the house for the same pur-
pose was lost by minority of one vote.
Much has been written about the defeat
of this bank on the eve of war with
England and many claim that it was be-
cause 1t was popularity held to be uncon-
stitutional. Virginia and Pennsylvania
did instruct against 1t on this ground
through its legislature, but Massa-
chusetts and some others as bad national
policy-generally objected to as cor
rupting influence in politics.
Whether it's charter was or was not
polite, what followed was scarcely less
than a national disaster, and really
throws some light as to the true cause of
the defeat of the removal of the charter
of the First National Bank. 1t appears
that all the state banks without exception
opposed the re-charter of the First Ma
tional Bank, and as there were IS re-
ported as then in existence, with capt.
tai of $42 $40, 900, it is quite likely the lob
best crowded the corridors of the old
capitol.
The national bank out OF the way, the
state banks ran riot, increasing their
number to POS, capital to sS2,259 500 and
circulation $95, 100000 and claimed to
hold s17,oO0,00O of specie. Crawford
however, makes different estimate, as
follows:
1S11-$2S, 100000
1S13-From 81 ,OOO, 900 to $7O,OOO,OOO.
1S15-s99 100000 to 100000
In 1919 this fell to s45,O0O,O00 to $751;
100000.
The above was only the chartered cur
rency There was very Large quantity
of "unchartered currency issued" says
The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-07-01

Gle enough to pay all its government de-
posts, but kept UP stringency under pre-
tense that it feared vindictive attacks from
the treasury.
The result which followed was the
same which followed the demise of the
First National Bank. At the time the
government commenced depositing the
state bank circulation. In 1880 the last
previous report, the circulation stood at
SCI ,323, 1896, which swelled year by year
until it reached S149, 17O, 800 in 1897,
when there was collapse, shrinking to
SIS, 563 sos in 1872 The Second Nation
al Bank had died during this crisis, hav-
ing gone into suspension In 1887 with all
the state banks, as Col. Benton said at
the time. with concert and punctu-
atty of action which announced arrange
ment and determination such as attend
revoltS and instruction in other coun-
tries"
1t will be seen why Jackson was I'M
successful in his United States issue of
paper money when Benton follows up the
above statement with this charge:
'The prime movers and master man
ager of the suspension was the Bank of
the United States, then rotten to the core
and tottering to it's fall, but strong
enough to carry others with it, and seek
ing it's own downfall in the crash of
general catastrophe"
Failing to get it's charater renewed by
congress, it applied to Pennsylvania
with success and kept right on until it
suspended in 1887, as stated by Benton.
The New York and New England banks
resumed May 10, 1885, with condition
of aid to state railroads and canals,
7; ol, l. Lo
cost the bank $5,000,000. From it's sus-
pension in 1887 to its final assignment,
Sept. 4, 1S41, it fluttered between resump-
ton and suspension. It's shares sod in
1887 at 1876, Ill in 1889 and in April, 1913,
after it's failure were quoted at 17s.
Thomas Robins, the last surviving as
signee of the bank in 1876, said: 1.-THE
accounts of the assignee were finally set
tied in 1856. The whole $28,0o0,0O0 Of
stock was a total loss to the stOckhold-
ers. The 100000 of government stock
was paid in full, so the United States lost
nothing"
The first national banks like their
present successors, were very fond OF
government aid, and of influencing the
legislation of congress, but very much
opposed to government banking. These
honest (?) fellows who managed this
bank and made the colossal steal of
S2S 100000 were supreme in politics in
Pennsylvania. and had a potent influence
on the politics of the nation. Not one of
them escaped being charged with crime,
and not one of them ever had nerve
enough, even in the state of Pennsylva-
MIA, where the greater the truth is held
to be the greater libel, ever had nerve
to demand that these charges be tried by
jury of his countrymen. Some years
ago, Mr. Dana, of the New York Sum-
published letter-the celebrated "addi-
ton, division and silence" letter, signed
by the late Gov. Hartranft, directed to an
official in Washington, telling him to
put one Geo. O. Evans through, as he
The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-07-01
lNSA Unity IN TEC FOURTH DE-
GREE,

The recent contest between Hast
ing and Anoka for the fourth Insane
Asylum Of this state was settled in
favor Of the latter. The contest was
spirited and apparently bitter, yet
neither town can add to the luster of
its fame by advertising an insane asy
lum as a local attraction. One town
has Brer. Pease and the other lgna-
titus Donnelly. and what more do they
want? Can such glory be supplement-
ed with crazy house? Not ii the
American people have sense enough
to last them through dream. To be
sure. such an institution would create
a demand for groceries, but these sup
plies would come larely from the Twin
cities. Then, too, Pease and Donnel-
ly might get few subscribers for
their papers in the more violent
wards, but the chances are that most
of the detectives would prove to be
old subscribers who were reading the
Union and The REPRESENTATIVE
when they got that way. We trust
the sages Of Nininger and Rum River
will get together and drink to the
health of all MinneSotanS. We have
only three political parties. and it
would seem that one asylum apiece
for anyway, or have the A. P. AS
asked for statutory rendezvous
Bcde's Budget.
We have no objection to drinking a
loving cup with "Brer Pease;;" but
really the new asylum was not intend
ed for the use Of the people Of Hast
ings or Anoka. for they are all sound
and nsible, and not one Of them ever
resigned fat office rather than give
up the right to make speeches for a
friend. Not much. The Hastings or
Anoka man would have held on to his
salary and hired half a dozen poor
devils to make better speeches than
he could.
Where does that strike you, Brother
Be lie?
The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-07-01
LIGHT TURNED ON.
FACTS CONCERNING NATIONAL
BANKS.
Their Origin, Growth. Uses, Abuses
and Power.
Their True Place in Our Polite al
Economy.
BY A. E. BALL. of Minnesota.

Written for The Representatives
From this it can be seen that patriot
ism is profitable when it takes to bank
ing. 1t is unfortunate that we have no
record of this banks first ten years, SO we
might know exactly how much these pat
riots made out of their disinterestedness.
who loaned to the government and state
over three times their capital in less
than six months of their existence.
What it has earned since it became a
national bank can only be guessed at
from an analysis of the comptrollers re-
port, who puts down the average divi-
dends on capital and surplus at 8.4 per
cent. The Bank Of North American is
reported as having now 81 600, 900 capital,
and $1,30O,000 surplus. This undivided
surplus has all been earned in twenty-six
years, and is an item of profit. Now S.4
per cent on $2,300,000 dividend and sur
plus is the equivalent of 1892 per cent on
capital of 81 100000. So the real profit
of the Bank of North America, provided
it averages with all other banks, is over
"a per cent per annum.
Pretty good for bank that went into
banking solely for patriotism.
what an enormous absorbent of the
peoples industry this bank has been dur
ing the lis years of its existence can
hardly be comprehended, except by sum-
ming up, that an average capital of ST..
100000 at ten per cent for that time
amounts to the very large sum of net
profits to $11, 100000
THE FIRST BANK OF THE UNITED
STATES. .->..
Hamilton opposed the further use of
the Bank of North America as a. fiscal
agent OF the government. He proposed
instead a government bank in his report
made December Is, 1890. He also disap-
proved of the issue of United States notes.
he argued that because the remission of
notes was prohibited to the states by the
national constitution, that the govern
ment ought not to engage In this issue"
more preposterous proposition could
not have been advanced. He might as
we'll have maintained that the general
government should not create an army
or navy because the power had been TAX
en- or prohibited to the states. Absurd
as this argument really was, it appears
to have been sufficient to induce congress
to abandon it, and delegate the power of
emissions of Bills of Credit" to nation
al bank. The act was opposed by James
Madison and eighteen others. Jefferson.
the secretary of state, and Edmond Ran
dolph, attorney general, also opposed it,
wh1-e Gen. Knox. secretary of war. sup
ported Hamilton secretary of the treasu-
ry. The bill passed congress and was ap-
proved by Washington February rs, 1871.
just seventy years to day previous to
the approval of the bill creating the first
issue of greenbacks by Abraham Lin
coin.
The government subscribed 5000 shares
The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-07-01

would him, for the reason that he un-
derstood addition" etc. For publishing
this letter Mr.. Dana was indicted In Phil
adelphia and as defense offered 10
prove that letter genuine. He was told
that In that state 1.-The greater the truth
the greater the libel was law" and to
avoid useless trial gave bonds in the
sum OF $4,000 and then gave his check
to his bondsmen, and forfeited his bail.
Had these bankers resorted to this they
would probably have secured contribu-
lions but they dared not face an angry
people.
The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-07-01

To master us, with remorseless hand?
Hast sunk thy Sun forever in the west7
Is freedom dead
for 1t was lost within the long ago..
1t cracked when Liberty begun to crumble.
the rights Of man received their fatal
Peace, We slaves! adown the long procession.
Thou art not free! TO Mamman thou
Ave. sing around 1t now thy loud hozan-
nahs; sti1e the groans. and swelling
cries OF pain
Arising from the battle-ground OF Labor,
the Bell shall never answer we again!
o, Bell! that once run peal on peal OF glory!
Why art thou silent midst this loud ac-
Hast thou at last wrote ''fnis'' to the story
Thou toldst the world In Freedoms holy
Ring ring for Liberty! Break thy long rest
And ring again!
Swing dumbly now. 9. grand and noSi:
dying breath;
And echo round It with mournful ca
dence for Liberty is wounded unto
O. breeze! give to its cold, dead tongue thy
motion, until 1t rings from mountain
The Stirring notes of an awakened Free
dom, to thrill with hope the listnins
Arise from out the grave. oh hand that runs
it, and ring once more, e'er all our
rights are fled!
All. Meier again! the brave old Bell Is bro}k-
en-! and Liberty-Oh, Liberty is dead!
O, Bell that once rung in a gladstone meas
ure
Sweet strains OF Liberty from sea to sea!
Where is it now,-our dearest, nob!est treas
ure
Thou gav'st us, when we were truly free7
O, Bell of Liberty! canst thou not toll
Mournfu and slow,
A requiem for a departed SOUL
To depths below?
In "Sevn'ty-six," nations year Of sun rise,
when Freedom reused above bleeding
soil,
Thy song went forth. and all the nations
wondered-a song of Freedom, and re-
warded toll.
All! grander music never yet was sounded.
from craig to craig, Ger responsive
land -
Than from thy tongue, o. Bell! now hushed
forever dumbly reproachful, melan-
choly, grand.
when there were brave. true. manly
men to hear.
Where are they now? Departed with those
echoes! And thou? Betrayed! with all
they held most dear.
Soul Of the Bell! 0, lend US inspiration.
With strength to slay the foes OF all the na-
The 'Baals" that had cursed the promised
O, Bell Of liberty. dumb, ever dumb!
or Freedom tell.
Ring. ring for Liberty to wake and come
~ '''' 80 +. WALTER OSBORNE.
Brockton, Mass
The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-07-01
BEDE'!S BUDGET.

J. Adam Bede has removed his pa
per-Bede's Budget-to St. Paul. and
makes it monthly instead of week
ly. 1t is admirably edited, bright and
spicy and witty; costs but % cents
year and ought to be in every family.
Send in and subscribe.
It is not a political paper but leans
to the Free-Silver side. We find the
following table in it, showing that
Mckinley is likely to be defeated.
The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-07-01

We believe Minnesota and Washing
tn Dug 1T to be transferred to the
free-silyer side in this table, which
would give our candidate II majority.
The outlook is exceedingly encour-
aging. go
The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-07-01

Total lent 81 sos, 781
There is no evidence that any of these
loans were ever repaid. Such were the
Banks methods then, and it is not likely
they are any better now. Benton we'll
said: jackson has not killed the bank;
she is wounded tigress and has escaped
to her jungle. BY and by she will return
and bring her whelps with her"
Many of my readers have an idea that
Jackson ruthlessly tore the deposits from
the National Bank and it's branches. Moth
ing can be further from the truth. The
Washington Globe Sept. 2, 1888, announc-
ed it, as follows:
after October 1, 1888, all public deposits
will be made in the state banks, but that
it IS contemplated not to remove at once
the whole of the public money now on de-
post in the Bank of the United States, but
to suffer it to remain there until it shall be
gradually withdrawn by the usual opera
lions of government" The bank had spe-
The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-07-01
IF YOU WANT

Sample copies of 1.-THE Representative"
circulated in your neighb0rhood send in
the names of those who ought to have
them. If you want to get up club see
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The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-07-01
Ladies' New Medical Guide.

and friend explain
.om1e aims
~ nRERIS SUPPLY hQusE. 5Q9 $40. II
The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-07-01
Brockton, Mass

The above poem might be impressiveiy
rendered at Fourth of July. or other patri-
otto gatherings by. placing back OF and
above the speakers head, fac smile OF the
Liberty Bell with the American flag draped
about it. The rest TO be left to the dramatic
skili Of the speaker-F. w. 0.