The representative. [volume] (St. Paul, Minn.) 1893-1901, 1897-03-31

(as Of states, co6fsties and cities,) wa!
not good unless there was one dollar
Of gold for every three dollars o,
greenbacks, is . shameful insult tt
the intelligence 1of every American
citizen. OF
And at the same time the bank
notes issued by national banks, with
out dollar Of gold behind them. and
redeemoble IN qreenbacks!-the despised
and denounced green backs!-are, We
to believe. Perfectly good. and tc
be substituted by the bankers for the
gree nbacks of the nation.
And the greenbacks cost the people
not one cent for their use, while every
national bank note bears two contri
buttons of interest drawn from the
people, -to-wit: W interest on the
government bonds given as security
for the bank notes; and (2) interest on
the notes themselves, loaned out to
the people, by the bankers, at such
rates as they may charge the people,
from five to eight per cent If loaned
directly, and at from eight to fifty per
if loaned through bank favorites,
sharks and usurers.
And now this scoundrel, who wrote
that article, tells us that greenbacks,
that bear no interest, cost the people
more than bank notes that bear
double interest!
And to prove it he figures up inter
est on about 500, 100000 of gold, which
was never paid; and the principle of
which there was no authority to lay
aside to secure the green backs; and
then makes out a case he figures up
the interest until 1907 and 1925-and
1S97-one hundred gears ahead"!
Ye gods and little fishes! This sur.
passes the impudence of Lucifer him
self.
Then to force the people to a gold
basis the Republican and Democratic
ADM nistrations refused to pay out
silver, while it was full legal tender;
but Disseminated against it, and de-
graded it and tried to ostracise it and
lock it up in great vaults,so that the
people could not use it.!
And having doubled the value Of gold
they thus double the demand for it,
all over the world; and when all the
nations are clutching for it, and drag
ging it out of our country, they go
to work and borrow $685., 815, 400 dollars
of gold, to maintain the work of their
own iniquity, and charge all that, and
all the sufferings of the people, up
against thej harmless and innocent
greenbacks! Il "a
1t is enough to make a man drop
the language of,polite society and fill
the air with sulphurous profanity.
There have been about 100000, 0)0
of greenbacks in existence in the
United States for about "a years.
This money was paid out originally to
the soldiers and sailors and officers
and employees and contractors Of the
general governments; it cost the ma
tion nothing but the trilling cost of
printing it. If the greenbacks had
not been in existence the government
would have had to issue interest," bear.
ing bonds, for s400, 900, 900; and on these
national bank notes would have been
issued for $3.50, 100000.
Say the $500, 900, 900 of United States
bold bore interest on an average at
per cent for 81 years. What would
this have amounted to? Over $544 900 =,
900.
Now let us ask what the $4,000 900
Of national bank notes would have
cost us during "a years, at an average
say Of ten per cent per annum. Much
of it would have been loaned Indirect
ly for Is and SO per cent. But call it
ten per cent. What have we then?
Ten per cent on $500 ,OO0.O 600 would be
$50, 900, 900; and this multiplied by
thirty-four years would give US one BILL
lion t,ro hundred and t,centytour millions.
Now add the interest on the bonds
to the interest on the bank notes and
we have a grand total of one billion
seren hundred and sirty-eight millions of
dollars.
AND This IS WHAT THE GREEN
PEOPLE OF THE UNITED STATES.
A billion seven hundred and sixty
eight million dollars remain to-day in
the pockets of the people of this coun-
try which otherwise would be in the
pockets of the bankers
Productive industry is better eff by
$l,768, 100000 and the money-changers
are that much poorer.
And now they have the effrontery to
tell US that we would have been richer
than we now are by more than bill
lion dollars, if we had borrowed every
dollar we needed, over a bank counter,
and paid interest on it for thirty four
years, compounded every ninety days!
And they are at work now, busy as
beavers, in the midst Of the terrible
sufferings of an impoverished people,
to destroy all the greenbacks, and
compel the country to transact it's
business solely with borro aced bank pa
per, bearing double INTEREST,"
And Mr.. Mckinley's Secretary Of
the Treasury, Lyman D, Gage, Chi
cago banker, boldly declares his policy
to be to destroy the greenbacks. And
Mckinley talks pretty and means the
same thing:
1t is awful to think that free peo-
pie can be honey-fuggled into the sup
port Of such damnable policy. Hav-
ing fooled the people so long the au-
dacity Of the rogues has become bound
less.
And the Minneapolis Times caps the