The citizen. (Frederick City, Md.) 1895-1923, 1896-11-13

'sWhO, with the popocIaOiC parry Pa
M these rejected nostrums ana oHei
them as cures for every polltlcal JUS
ease.n Upon investigation IL thus aP-
peareth that what seems ~ ~
T,owen as q rejected nostrum," Is Che
chic cornerstone of all writers upon po-
litical economy. The economic doctrine
that vovernmeI Is can create value Dy
legislation is established upon fOunua-
i'm NOT now likely to be shaken py
merely braying These onslaughts
oharacterize q multitude of others pro-
ceeding. usually, from the profoundly
heartless and unclean brigand, arlstOc-
racv of Wall street, which 10y sly tricKs
of speech thus seek to exploit ana ioot
the treasury of "a free and independent
people. ut tho
have sometimes thought that lhe
nemesis of poverty sitting IKE nor
low eyed spectre at the American leasC'
amidst its grin aud glut, might re-
GARD such and similar doctrines SO re-
norted in Mr. Governs interview, as IN
The days of degenerate Rome the early
christians may have regarded chris
tianitv's rejected nOStrums Tor the po-
litical diseases of that day, as evidence
of the progressive degeneration OF
Rome.
But hollow eyed nemesis is refiec-
tive interpretive. The storm blows
from The north and east and west to-
day, but the political cyclone, IKE the
wind. blOweth whithersOever it listeth,
thou canst not tell whence IL COIL
eth, nor whittier it goeth.
The fine Italian hand of the great
Doodle campaigner of 1896 is Mark
Hanua's. His servitors were the banks.
| They raised the fifty millions of Doodle
which carried the doubtful States in
the West They are now to he repaid
and rewarded for their patriotic rescue
| of the nation from national dishonOr.
| In his late interview, Mr.. COwen,
! in no uncertain sound, has cham
| pioaed the cause of the National
! Banks, which is practically the cause
| of our 139 trusts ami 1000 cOrpulent
capitalists representing II billions.
Hanna has declined all pay for his
patriotic services, provided he has lat
| itude to further perpetuate his reign
over the American people, under the
| specious preteXt of Immediately getting
! his Iegions in the field for The recapture
of the republic in 1900. Hanna has de
termined if bo)dle can accomplish 1t,
| that there shall be never another inter
reguum of the Republican party until
| its successor is crowned mOnied
monarch. 1t is only necessary at
the inception Of this great under
taking, first to create sham pub
| lie opinion which may easily be
mistaken for a real one, that the gov
eminent should go out of the banking
business" What policy could be more
plausible? Few would stop To consider
that the legitimate functions of the
banking business were to receive
money on dep ,sit; advance on securi-
/ I'D ,I..fn In
| the only legitimate sense, the govern
ment is not now, nor ever has been en-
gagged III the banking business.
But what Hanna and his echoes
reilly compass, under the furthest
commonly called the Baltimore
plan'-is that the banks and not
| the government should have the power
to create and destroy values ny eXer-
cisiug "a function hich the constitu-
ton confers upon Congress alone,
| that is, the authority tt coin m Dney.
What these political hucksters are now
seeking is, 10 repay the banks aud
their allies for their advances during
this campaign, and to hold them for
their future use by giving them mon
opoly to issue money.
The bankers desire that the sole pre-
rogative shall be given them to issue
all peoples money, aud that the
government should cease its issuance
| The Republican prayers think it was
not "a wise provision on the part of the
| trainers of the constitution to give to
Congress alone the power to coin
money, bat that that duty aud obiga-
ton should have devOlved upon the
| bankers.
This is what the common phrase of
/ -, L.,
government should go out of the nauk.
ing business. 1t is no part of the wri'-
er's purpose at this time to- argue but
merely to state the proposition.
The bankers fist step to secure the
| power of contracting and releasing the
currency was accomplished through
the uuwearied vigilance of Sherman
| by the decentralization of silver, which
has eliminated in the present de-
feat of its restoration. The genesis and
progress of the movement for the de-
| mouetlzation of silver we'll illustrates
the cunning of the creditor classes in
adopting means to ends and i'll shaping
events for their own purposes.
Like the incarnate Moloch, who re-
quired not beasts, but living human
beings for his sacrifice, the monied
classes, venal press and still
more veDal advocates are struggling
for the surrender of the constitutional
right of the people to create their own
values by coiniug their own money.
1t was Cato the Wise, who thus ended
every speech: Carthage must b. de-
strOyed." The gold standard must be
destroyed, or the constitution. In the
battle we have lost, Moloch's Metro
politan press with one voice refused to
appeal To the intelligence of the voters.
Moloch's press and his people are now
striving to create sham public opin-
ion in reference to the government 90
ing out of the banking business. The
responsibility for the creation of the
National Banks rests with Secretary
Chase, who, to fluid market for the
war bonds, devised the brilliant
scheme of the national banks.
These banks are now likely
to become sole proprietors of the
nation. The latitude allowed them of
lending money to the depositors, from
% to SO per cent. of their deposits. af-
fords no security against the recurrence
ofpanics. There are now, including trust
companies, private and savings banks.
about one thousand banks In 1892 their
deposit Liabilities amounted to S.. 1000