Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1896-10-16

/ iacture, other than coal ana iron.
They must buy it from somebody else
and we can supply them with all the
raw material they want with which to
manufacture their products. BY their
>hrewdness, their ability and tact they
! have the business OF the world in debt
! to them to such an extent that it
amounts to ten billions OF dollars from
/ all the countries OF the world. Now
we paw these debts with commodities
and we pay the interest on them with
commodities. If England can reduce
the amount of circulating medium in
the world, it simply means that she
will be able to buy the commodities
If the world so much cheaper. Be-
cause YOU buy money with your pro-
ducts just the same as you bnv pro-
ducts with your money. There is no
difference. If money is scarce COM
mudiiies will be low 1t is commodI
ties that Great Britain is buying and
she has to buy nearly all the products
wheat, etc, with which to feed
and clothe her people. They have to
buy all the wool and cotton with
winch To supply their manufactures
and if they can reduce its price so
much the better for them and SO much
the worse for us. Is is the greatest
financial stroke for England that was
ever made in the history OF the hui
man race. Mr.. Doolittle says we
might as well look for orange groves
to grow on snow-capped peaks of
Mount Tacoma as to wait for England
20 agree to international agreement.
Mr.. Doolittle says he is going to wait
for it. Then they talk about the poor
pensioner. had four brothers that
fought for the Union from 1861 to
1864. Two brothers sleep to-day in
Southern graves; one brother is pen
sioner, the other was until he died. So
that say not by voice or vote would
| do anything that would in any way
injure the old soldier. applause
But they say we are going to take the
pension away from him by paying
him fifty-cent dollars. How will it be
done? We are going to increase the
price of commodities by increasing the
volume OF money and he will only get
the same number of dollars that he
used to get. A great mass of pension
ers get about eight dollars per month
And a large proportion Of them, il
they earn anything at all, earn forty
or fifty dollars per month. The pen
sioner will prosper upon the prosper
ity of the country. Now they don't
take into consideration the fact that
the old soldier is also producer OF
something. He will produce more
and get more for the product of his
labor, which in almost every instance
will be anywhere from fire to ten
times as much as the money he is re-
ceiving as a pensioner. Some people
hold a penny so close to their eyes
that they cannot see a ten dollar gold
piece yard away. Now we come to
the subject of
NATIONAL BANKS.
I am opposed to National banks.
l suppose you know all about the Or
ganization, but will briefly state it,
so you will see just what the orgsnizs.
ton is. The National bank is based
upon national debt; a certain number
of men take $4,000 or 100000
in National bonds, and deposit them
in Washington and the Comp
troller of the Treasury issues against
that one hundred thousand dollars of
bonds, ninety thousand dollars in
notes or bills and the President and
the Cashier of the bank sign them,
and that is their promise to pay just
like your note. You go to borrow
money and you give the National
Bank your promise to pay and you
pay twelve per cent. interest on it;
your note is good because you own
property and he gives you in return
his bank note without interest; he
gets interest on the bonds that are de.
posted as security and you pay him
twelve per cent. interest on your note
and he gets three per cent. from the
government bonds. Now they say we
don't want any class legislation in
this country" There never was a
bigger humbug imposed upon civilized
people. National banks are a crea-
ton of the Republican party and
they will give them new lease of
life if they get the power. Let me
say right that the American people
are not as thoroughly educated on
these matters as they should be. If
they we're as thoroughly educated on
the system of banks, trusts, syndicates
and their methods, they would so
legislate that these institutions would
60 out of existence.
| AS SCHOOL TEACHER,
| T i,o,o koJ ~, oooort,,,;t,, - ;,,oa,;
gate this question as to the general in
formation that prevails among the
people. Yon may take class out of
any college, anywhere, and you ask
these questions: "Who we're COM
manders at the battle of Waterloo?"
Who we're the commanders under
many of the famous Generals of the
Republic?" etc, etc. They Can tell
you all about it; but when you ask
them when the National Bank law
passed; How and when the U. P.
and c. P. r. r. were organized; ask
them about the funding bill of the
Union and Central Pacific Railroads,
and what it means ask them some
of the most important questions about
trusts, corporations, monopolies and
combinations, and they won't answer
one of them. And yet you talk about
the educated American upon these
questions and about the intelligent
voter. You can hoodoo a man who
doesn't know but you cannot hoodoo
one who does know.
| THE TARIFF.
/ want to talk a little about the
tariff question. Ihave been high pro-
tective tariff man all my life. They
used to talk protection in Iowa; they
talked high protective tariff and free
trade and they talked it so much that
along toward the close of the campaign
you would hear the ducks going
around quacking "tariff- tariff tariff"
Qaughter) and just as soon as the
ducks would commence with the tariff
the guinea hens would start in with
free trade-free trade-free trade" Zap.
III,