The Penn's Grove record., 1896-10-16
CONFIDENCE and CREDIT
IS EEIAQ7ONI1 nations.

HE that giveth to the rich shall
surely come to want. PROV. 22:1G.
All will admit there is something
wrong with our Government. Some
say the crazy silver men and bowling
anarchists have destroyed confidence.
What is confidence? What is credit5
Confidence is the faith between friends.
Credit is the trust and belief one man
puts in another's ability to pay in the
future for money or goods sold or loan
ed, not for cash. Ninety.two per cent
of all business is done on credit. It.
should not be so. There is no reason
under Gods heaven why the govern
msnt should not make money enough
to do over half OF all business for cash
but for the money changers and bank
ers who wish to reap where they have
not sown, who wish to control industry
and commerce and 10 be drones and
reap the harvest OF the busy bee labor
ers.
If there were enough money to do a
cash business the farmer would pay
cash for his fertilizers and labor in the
spring and consumers would pay the
store keepers cash. They could pay
the wholesaler and the wholesaler could
pay the manufacturer cash. There
would be little use for the money lender
and usurer then.
But the money of our nation has
been 80 manipulated as to deceive the
people, and by interest, usury, has
brought the farmers, merchants and
consumers to the feet of the bankers
and money lenders. All have become
slaves to capital and the battle for lib
erty Is now on. The farmers have be-
come so poor by the prices Of their
crops being made low by contraction
of the currency, made so by legislation,
the burning OF $1,000, 900, 900 green
backs and turning them into bonds for
the benefit of the bankers and the 70.
fusal of government officials to use sill.
yer as primary redemption money.
AS q consequence many farmers have
to borrow, throw their note in bank In
the spring, for fertilizer and to pay lab
or. The merchant has to trust the
consumer, the wholesaler the retailer,
the manufacturer, and to pay his la.
borer's wages the manufacturer has to
borrow from the bankers. That inter-
sst must be put on the cost of the goods.
The wholesaler adds 1t with the per.
centage on his commission. The same
with the retailer and the consumer pays
the blood money. In the fall the farm
ers and producers, being also consum-
ers of manufactured goods, has to di.
vide with the banker for the use Of
money the government, (the people
themselyes) should have issued to them
selves free of cost. So you see the
farmers and other producers of wealth
are being bled at both ends, besides
they have to pay the interest on the
government bonds which the bankers
hold on which are based the bank notes.
This is the amount Of blOod.money, 6
per cent, on the manufactured goods
with the commissions added, 6per cent.
on the money borrowed in the spring
and 8 per cent. on the government
bonds, total 10 per cent. to the Shy.
locks.
Great Mammonl Is it any wonder
banks make from 20 to % per cent. or
their capital stock. That bank stock
has doubled and trippled and the farm
srs have become poor. No people. no
nation on earth a live on such usury,
In 1884 DR.. Claflin a brother oil
Victoria Woodruff in England was II
the West placing 81, 10000 in loans
Congressman Dan Campbell inquired
"When do you expect those mortgage
to be paid" "Nsver," was the plomp
reply. 1.-THE people over there dom
want them paid and even II they did Il
would be impossible for your people t.
pay them. The average rate of inter
est in this country is 10 per cent, (I
Kansas and Nebraska) the average In
crease of property is 8 per cent. viii
you tell me how long it will take a
per cent investment to catch q 10 pc
cent mortgagep" Said Mr.. Campbell
"Whst do you think Of a governme
that compels its people to go to foreigl
countries to borrow money with which
to carry on their business?" The doc
tor replied, at is infamous and 4 re
public can not long remain q republic
that adopts such a policy"
The products are so low this ear tina
many farmers cannot pay their bills
AS a consequence the confidence ha
gone to hades, the merchant has tn
credit on his book and is on the verg
OF bankruptcy. Besides the fall o
prices, caused by the contraction of III
currency, make his goods bought las
month worth less than bought this an,
this is destroying his capital. He is a
the mercy of the banker now Becaus
\the Democratic party proposes to tax