The Caucasian. (Clinton, N.C.) 188?-1913, 1897-04-01

rel uses 10 issue j. gal tcpucI paper
money on the same basesf Tue le-
gal tender draws 10 usury ard the
Sopds do. This government should
lave never ISSUED any bonds but
should have issued legal tender pa
per money, . money that every one
would have been willing to receive
for any consideration; q money that
never had to be redeemed-it is q
money that is redeemed every time
it passes from one to another. 1t is
a money that every one wants, ex-
cept the National banks and they
don't want the government to issue
this money Whyf Because it inter
feres With the BANKERS; because they
know that every dollar the govern
ment issues in legal tender deprives
them OF making nine cents on the
dollar. Now let US see il this Is
true. The first National bank law
WAS passed the 23d Of February
1868, (its author being John Sher-
nau) while the great North was
fighting the South in order to lib
crate four millions of black slaves.
The bankers and the money lords
we're laying the foundation to en-
slave sixty millions, both black and
white, to the money power.
The National bank law was made
expressly for the benefit of the mon
ey kings, and exclusively so.
Let us See now. 1t is SO arranged
by the National bank law and the
bond act that If Ave or more men
are fortunate enough to get toget her
fifty or a hundred thousand dollars
| in i. gal tender money of the govern
ment, they can take it to the ,cre-
rotary OF the Treasury and say to
him I'VE have one hundred thousand
dollars and We believe under the
bond act We are allowed to invest
this amount in bonds of the United
States" They pass over to the Sec.
rotary of the Treasury one hundred
thousand dollars legal tender and
receive a bond for the same to the
amount passed over. Tue money is
EXCHANGED for q bond against the
faith and credit of the nation bear
ing six per cent. in gold; but before
The money was exchanged for bond
Ii. did not bear any usury but now II
i, exchanged it bears six per ceat. in
gold. Then they 60 back into the
Secretary's Office and say, "Ws want
to deposit this bond with you fol
safe keeping, and at the same time
We want you to issue US ninety thou
: sand dollars in National bank bills
with two exception clause on the
, back stating that this money is gooe
for all dues to government excep
, for import duties and the interes
; on the bonds, they will not pal
these" That makes demand fo
! gold and the government has t.
Q have it to pay interest on the bond
= and for import duties. The banker
: make out of tho COVE rnment 81
Q cents in gold for the use of the bon'
y lying in the Treasury. They go on
}, and set up q National bank an
8 loan to the people their money q
9 eight per cent. on the dollar; tn
/ government pays six cents on tn
s md and they in turn loan to tn
70 people the money at eight per cent
o making fourteen cents out OF tn
1t people, while the government migt
% issue tho money direct to the peopI
= without usury, thereby saving to tn
ID people fourteen cents they now hav
B. to pay for the use of money.
% Then the bonds are not take
IN neither are the bank circulation
n II the govern ment can issue bono
Mt upon the faith and credit Of the NJ
o. ton Why not issue money on II
g. same basisi The National ban
g. bills are not redeemable in spec
n nor are they . legal tender bat thu
x are convertible in legal tend
er U oi.ed States money, and the leg
1t, tender is converted into bonds; WI
ID, should the government become
1T, curitv to the National bankf WI
o. should the government take SUCH
is roundabout way, instead of lssuil
,ct it's own money! A National bal
N. charter runs twenty years, and
of the expiration of that time 1t t
en bank wants to get out of the ban
'al ing business it gathers up o
1T hundred thousand dollars
nd tho different National ba
Pc bills. If they have it not
nat their own. take it to the Sec
md tary of the Treasury, and deliver
no. over and call for the bond that +
old been lying there for twenty ye
on aud drawing six per cent. IN 60
l,le If they want to tthey can say to
the Secretary of the Treasury, 1.-The
xes now is, that this bond Is now pa
'er- BILE in gold and We want the gold
it," Now If the govern ment has
got it the government must
- more bonds to get the gold to
INK for the bond already issued. 30
ned see it is q perpetual thing aud tn
ere. is no end to this robbing OF the :
Ia pie to pay the usury on the BON
debt. :,
ook Ifthis bond debt is ever paie
son is to be paid by the wealth-proe
the ers and not by the men who d.a
to q stocks and bonds and Matte
put banks. Any money that has to
redeemed is begotten IN sin. 1t
fire had never sinned there would n
out been any need for Christ to b
the died to redeem tie world. Tho
o in Jefferson ask the question
inter should the government mi
,hep | it's credit with an inferior G
ren's It, while its credS u supel
ever, or Why should superior credl
open redeemed In an lnterio! ere or.
ight- The two OLD pohucai pa
out, have been playing into each OF
act. hands ever since the war, and
,;ous. eeivipg the people all the time,
after played The game suo:essIu'Iy
d uu- twenty years, Wakln9 tne peoCt
nd in Aeve it vas tue tsri9. Inc =,
lioaus would say thigh tarih''