The midland journal. (Rising Sun, Md.) 1885-1947, 1897-06-11
Bankers Conventions.

he bankers OF the united StdteS are
united in close relation to each other by
a system of Associations which makes
them virtually one compact body. They
have local associations, State associations
and great National association. The
bankers have been very active through
these associations, for several years in
striving to gain an undue and dangerous
ascendency over the business, the govern
ment policy and people of the country.
to assert themselves, has been audacious
and impudent They have made long
labored addresses at these meetings,
which have been published extensively
by the banking periodicals and the daily
press. These carefully prepared addresses
have been conspicuous for their assump-
ton of much wisdom on the subject Of
finance, which showed as much ignorance
TO the square inch as any monarchist ever
did on the divine right of kings. Their
arrogance has thoroughly disguised sem
sible people, whether they have aston
ished fools by their claim to financial
wisdom we are by no means certain.
One object they have particularly
dwelt upon, which is that the government
should go out of the banking business, -
and leave the field clear to these purse
proud, silk hat gentry. In order to put
the government out of the "banking
business" the first thing is to exchange
the greerbacks for interest bearing bonds.
The second step, to convert all the silver
certificates and legal tender, Sherman
notes into bonds also, and then sell the
twelve or thirteen thousand tons of silver
dollars at auction as old junk, for gold,
and permit the banks in their wisdom to
regulate and supply the currency of the
country at their own sweet will and pleas
ure. This in brief is about the sum and
substance ofthe banker associated wisdom
which these arrogant gentlemen have
vexed the public ear with for years. The
people have become so disguised with
and sick of it, that they are now treated
with irony and sarcasm by the public.
The latest banker association was held
at Cumberland last week by the Maryland
bankers, and as piece of sarcasm, the
program for the meeting, published by
| Oncle Sam, one of the Cumberland
papers, is the most grotesque. The con.
vention is treated as a great circus exhi.
bition, and the posters i'll advance describe
the numerous attractions The following
are few of the chief features:
Golden & Bonds Greatest Show on Earth.
Gage of Thirsty Blood Suckers-1
den OF Human GhOuls!-1
50-White Eephants-5O
Great Interestingly Hyppodrome
Don't miss Wellington the Missing Link!
See treasurer Gage and his wonderful den o.
Trained Bankersl
These Bankers can rob you wthout your consent
Force you to tatten them-And sell
you gobs of Confidence.
Positively Marvellous Acti!
3000-Funny Clowns-3OOO
Who allow themselves to be robbed in full view
of the audience!
Watch the Wonderful Banker Griffith and his
~, marvellous kennel of Trained Newspapers
These Papers can prove to the audience that
Black is White and vice versa-Don't miss them
The Wonderful Museumi
1000, 00om - Mortgages-1,O0 100000
acknowledgements Fools-2, 100000
100O-COllapsed Banks-lOOO
900 ,00O-Ruined Depositors-l 100000
Specializing animals will be fed at the Queen City
Hotel after the performance
Ridicule and satire greet the national
bankers they have by their arrogance and
domineering propensity become so dis
tasteful to the general public.
The following are some extracts from
the writings of Thomas Jefferson on banks
and their methods:
"And 1 sincerely believe that banking
institutions are more dangerous than
standing armies"
''This institution national bank is one
of the most deadly hostility existing
against the principles and form of GU,
government.
Bank paper must be suppressed and
the circulating medium must be restored
to the nation to whom it belongs. 1t is
the only fund on which they can rely for
loans; it is the only source which car
never fail them, and it is an abundant one
tor every necessary purpose. Treasury
bills (greenbacks) bottomed on taxes
bearing or not bearing interest, as may be
found necessary, thrown into circulation
will take the place of so much gold OF
silver, which last when crowded will FIND
an aff1ux into other countries, aud thu:
keep up the quantum of medium at its
salutary level.
''If the debt which the banking com
panies owe be blessing to anybody, it i.
to themselves alone, who are realizing {
solid interest of eight or ten per cent OIL
it. AS to the public the companies have
banished all our gold and silver medium
which before their institution we hat
without interest, instead of which they
have given us two hundred millions o
froth and bubble on which we are to pay
them heavy interest"
These are some of the opinions left b,
Jefferson, the greatest champion of tn,
1 Al.