The midland journal. (Rising Sun, Md.) 1885-1947, 1896-04-03
A GoIdbug Cage.

which, with Justice, might be named a
gold cage in which to impound the Amer
lean people. Mr.. Fowler sends us copy
of the bill and solicits our opinion of it.
He summarizes the bill in circular letter
which is here, i'll part, presented with
our objections.
This summary of Mr.. Fowler's bill does
not show the enormities of the plan as the
bill bring them out. The following are
objects of the bill as given by Mr.. Fowler:
"To take the Government out of the
banking business"
The government is not in the banking
business, but under the direction of Mr.
Cleveland and Secretary Carlisle is being
used as cats.paw for the benefit OF the
bankers. We want the government put
into the banking business" and the
banking corporations turned out Of the
United States Treasury.
ITO remove every possible doubt affect
ing the character of our money.
"To save for the people over fifteen
millions of dollars annually in interest on
our national debt by funding the same
end virtually converting it into popular
loan in the form of money which the peo-
pie can always hold with perfect safety"
There is not the least doubt affecting
the character of the money OIL the part of
the people, and only a pretended doubt
among the banking class, the object of
which is to secure more complete control
than they already have, or would have,
if all honest man was President. Mr..
Fowler's popular loan' is perpetual
interest drawing debt, never to be paid,
like the debt of England, always handy
for the money class to invest their idle
money in that it may never cease to draw
interest from the producing class, and be
used also by the bankers as they now are
using the government bonds. In order
to clearly understand the expression "the
people" i'll all of these financial schemes,
it should read the z0ealtAy people. No
other class is allowed in the charmed
circle.
''To make the great bulk of our paper
currency good enough to pass at its face
vale in every commercial city around the
entire globe"
1t is good enough" for that purpose
already and does pass in commercial cities
of the world. Not because it is any par
ticular form of paper but because the U.
S. government with all the wealth of the
country stands behind it. All the bankers
in the country combined couldn't give it
such standing. But the American peo
pie want their money at home and not
for use in foreign countries.
But Mr.. Fowler gives another apparent
security in the following line: Because
secured by gold obligation of the richest
nation in the world''
Here Mr.. Fowler exposes the Roths-
child cloven foot of his proposed bank
bill. Everything is to be placed under
"gold obligation" with the gold all cor
nered by the gang Mr.. Fowler is trying to
serve.
"To take the government out of the
warehouse and safe deposit business"
The people would vastly prefer to make
their government their safe depository to
any set of bankers ever the sun shown on.
There are several other minor provis-
ions all of which the government could
manage without the intervention of pri-
vate bankers. The following is the grand
climax Mr. Fowler assumes is the object of
his bill
'To give to the people in every locality
an elastic currency based upon their own
wealth, to very materially lower the aver
age rate of interest to our people and to
save for the people all the expense of
transporting money from the principal
reserve cities to and from the sections
where it may be needed to remove crops
or handle manufactures.
"To give to the country at large an
emergency currency in times of great
crises
iiiS ID CAdStiy "hdl Liz PSOPiS "ohS
and it is exactly what Mr.. Fowler's bill,
if law, would not secure, but the very
opposite. And it is the full measure of
what plain system of government banks
would guarantee to the people, and no
other system will. Bankers do not go
into the money loaning and banking
business for the benefit of the people but
solely for their own private gains, and
they use every means their ingenuity can
devise for that purpose.
Mr.. Fowler's bill is bill to fasten more
securely on the people the present
national banking system, which has
cursed the people as no other calamity
that has visited America ever did. Mr..
Fowler's bill is gold cage the object of
which is to imprison the American people
more than they are already enslaved by
| bankers.