The midland journal. (Rising Sun, Md.) 1885-1947, 1896-11-20
The Banks In Politics.

AhO O0NNo uh OuShS0e
The head center of the gold trust in
this country, the national banks of New
York, the Chamber of Commerce and
other similar money organizations, are
moving to take control of the Mckinley
administration, and shape through it such
laws as will administer to their greed and
consolidate their power. The Chamber
of Commerce and similar associations in
other large cities are asked to take like
steps to settle the money question. They
do not all agree as to the best methods to
pursue, but all agree as to the result de-
sired, which is to get all paper money
issued by the government out of the way
-destroyed-which are the greenbacks,
legal-tenders, and silver certificates, leav-
ing only gold and subsidiary coins to be
issued by the government. This scheme
embraces placing the whole financial
system of the country under the control
and direction of banking firms, with no
check or hindrance. A more complete
despotism could not be placed over the
people of any nation than is contemplated
by this "gold basis trust. There is no
manner of getting rid of the greenbacks
and other issues of government but fund
ing them, that is issuing interest bearing
bonds to the bankers who collected this
currency and exchanged it at the Treas
ury for bonds, which means an addition
to the present national debt of 5000, ooo,-
900. This is the European plan. Every
government in Europe, and that of other
countries too, on which the European
Shylocks have fastened themselves, has
national debt saddled on it that is never
intended to be paid, but to remain a per-
petual interest drawer from the wealth
created by industry. These national debts
are nothing more or less than a tax lev
led OIL the people in addition to. the tax
for the support of government. The
national debt tax, which goes by the
name of "interest on the public debt" is
for the benefit of rich Shylocks. When
they have idle money they purchase
bonds-public debt-with it, and by this
convenient method their money is always
drawing interest. When cash is wanted
for special purpose the bonds are sold in
the stock market.
To load down this country with a per-
petual public debt like the nations of the
old world is the dream of the Shylocks,
who have Mckinley and through him
hope to have the control of the admins
tration in their hands for the next four
years, ard complete and consolidate their
plans in that time.
With the supreme control of the finan-
cial system of the nation in their power,
they have complete control of all the bus
mess and prices within their power. They
could initiate prices of stocks and other
property at will, start booms in business,
loan money on the strength of these
''lively times" take liens on the property
of the borrowers. and when all was with
in their power call in the loans, refuse
further Accommodations, when we'll
engineered panic ensues, and the era of
bank initiation speculation collapses, and
the heartless money changers rake in
millions of property at half its value and
strew the country with financial wrecks
and baukrupted, ruined firms and people.
This is the history of the corporation
banking system as practiced i'll this coun-
try, copied from the Rothschilds pawn
broker system of England.
In addition to this disastrous pirating of
the peoples property, the banks take an
active and corrupt part in all the national
elections of the country, and never a
more active part than in the campaign
just past. In the last presidential cam
paign the banks and bankers made war
on the people and were among the largest
contributors to the Hanna corruption
fund. They are now planning to consol-
idate and perpetuate their power.
1t is full time the people were moving
against this further monopoly Of their
money, by abolishing the issue of all
money of whatever form by banks OF
private corporations, and also the distri-
button of money for the facilitation oil
business through private machinery such
as employed by the banks. The govern
ment is the coustitutionally provided
power to create and issue all money for
the public's use, and it is a resultant duty
of this creating power to distribute it for
the people; for if the distribution is left to
private corporations the abuse of that
privilege is inevitable, as experience has
aundantly proven.
The government should drive the pri.
vate incorporated bank out of business by
establishing banking facilities for the
people and doing their business at cost
That is the financial system the people
need, and that system will settle and
settle right the money question.
The Gamblers hoodOo.