The representative. [volume] (St. Paul, Minn.) 1893-1901, 1897-09-08
ASSERTION AND PROOF.

The Minneapolis Journal, the other
day, spoke as follows.
The address of President Lowry before
the American Banking association. yester-
uay, was a thoroughly dignified presenta-
tion of the true relation of the banks 70
the people.
Reviewing the campaign last year. which
on the part of the silver element was char
acterlzed by incendiary appeals to the DeO-
pie and wholesale denunciaton of bankers
as representing organized conspiracy
against the people. Mr.. Lowry showed that
bank Is one of the machines of business
and the greater part of it's money is the
property Of its small depositors and busi-
ness men. by the hundreds and thousands
whose money and bank loans out and in
vests safely. 50 that it is always ready to
pay back the money deposited in cash
The banks. instead of being run by the
predatory Shylocks are conducted by peo-
pie who are trustees of the money of the
masses.
This sounds pretty. Nothing could
be finer than that sentiment
'The banks, instead of being run by
PREDATORY Shylocks, are conducted
by people who are TRUSTEES OF THE
MONEY OF THE MASSES!"
You can fairly see the tears of phil
of the president of the American Bank
Ing Association! And then to prove
that Mr.. Lowry told the truth we find,
Is the same issue of the same paper, in
the next column and right beside it, the
following:
The Seattle Argus, a weekly paper,
which seems to take a great deal Of sat
in nytt he-nt MIN in ttn
Of the editorial chair of the Seattle Times
now occupied by one A j. Blethen. quotes
from a Minneapolis paper with regard to
the settlement of the receiver of the New
England bank. showing that after the
state had been paid and the receiver and
his attorney had realized some twenty
thousand odd dollars for their work, there
was only S1S6 to divide among the creditors
of the bank The Argus acquires a fresh
feeling of admiration for MIR. Blethen on
the strength of this report, and expresses
1t in this way
Oh, colonel colonel! Are you running a
paper that is on "a sound financial basis
while the authorities are trying to squeeze
a few dollars out of you for the benefit of
the poor people who were caught in your
bank? How do you do 1t, colonel? Put
US onto your system How do you evade
your honest debts while you are making
money hand over fist?
Is II true. colonel that when YOU go to
church on Sunday morning and hear good
Parson Temple preach. you are moved to
sing, devoutly:
Praise God from whom all blessings flow;
IN moved to praise him for 1 know
That though roll in luxuree
My creditors can't get at me-
Now we are not going to say anything
against our old acquaintance, Col
Blethen, (who started the Penny Press
which afterwards became the organ Of
the chaps who thought the Peoples
party ought to dissolve and it's mem.
bers become Democrats), but we cannot
help but call the attention of our read.
ers to one. out of many instances. Oh
banks that plundered the people worse
than highway robbers. Says President
Lowry they are the trustees of thu
money of the masses!"
Oh, Lord! Think of it! Twent,
thousand. dollars for the receiver ant
his attorney and s1S6 for the deposi
tors.!!
Trustees for the money of tn,
masses!" And "a permanent investment
at that. ~. ........ .... ---