The Louisiana populist., 1897-04-09

per cent on such of the bank notes as
are kept loaned out. All the notes OF
bank currency in the bank are e1-
| empt fran taxation.
In the year 1869 the bondholders
and national bankers needed little
legislation in regard to the five-twenty
bonds which had been issued and
made payable after FIVE years or which
might run twenty years, at the pleas
ure OF the go;ernment. The five years
were up Jan. 1869 The holders OF
these bonds called conference OF
themselves, as they saw clearly that
the government had reserved the ri5h,
| to nav off said bonds after five years,
With the same kind Of money that 1t
he'd received in payment for them,
which was greenbacks, and the govern.
ment had a large amount of 1t on hand
piled up in the treasury, the same har-
ing been received in payment for these
said bonds and which was afterwards
ordered by cengress to be destroyed.
The conference came to the conclusion
that as an inducement to the govern
ment orefund said bondsintolong time
bonds and make the new bonds pay
able both principal and interest in coin
at the then standard and fineness.
each silver dollar to le 371A grains OF
pure silver or 412la with the alloy.
| ,.1 .,.h .xo,a ao,,,r to contain 1S and
$40 grains-9-10 fine. A resolution was
PASSED pledgirg each member OF said
bondnolder conference to recommend
to his member Of congress that there
be bill passed to refund said Sl,ooo.-
000.OC0 OF five-twenties.
AS consequence. a bill was intro
duced. called the credit strengthenln.
act, which was a misnomer. l could
not understand why the government
wanted it's credit strengthened after
the war was over. The fact OF the mat
ter is the act was so named purpose
| ly to deceive the reople.
This bill provided for the ,refunding
of the five-twenties into new issue
to run thirty years, draw 4 per cent
instead of Der cent and to be paid.
interest and principal in coin.
The bill provided for payment on
or before thirty years, but the words
ION or before were erased and the
word "after" inserted, before the bill
was enrolled
Then in 1873 there was an act passed
to revise the coinage laws. In said
revision the silver dollar Of 412h
grains vas dropped out Of tho COIN
, age act, and the coinage of a trade
! dollar provided for to contain 40
grains of silver and was made le-
gal tender for $500 only, 1t being
claimed that said trade dollar was
coined for the China trade. What
. did congress want to coin such dol
lar for when at that time the dollar
containing 412h grains Of silver was
, worth 100 cents in gold in Liverpool
4 or London? 1t was to deceive and
rob the PEOPLE by making the bonds
4 payable in gold. That was the aim
i, of the tools of monopoly which make
up the American congress.
" The silver dollar was the unit OF
# value from The foundation OF this gov
u eminent unit. 1873, when 1t was
G cha. led to gold,o gold being the only
" money of final redemption to-day, The
] silver dollar Is to-day legal tender
: and the Cfeenback is nothing less
j. There is not bond outstanding to-day
:: but what is payable in silver dollars
Il Why not pay OF the bonds which art
!! PAYABLE? Fay them off in silver dol
; lars. The tr.asurer's report says there
Ie is about 4OO0O0,000 silver dollars ant
v bullion piled up in the treasury vaults
N Why is 1t there? Because the money
" o.igarchy controls a majority OF tn
" members of congress.
r. Now. the next scheme is to retire th'
r, S346, 100000 Of greenbacks by ISSUING
20 $500, 900 OCO new fifty year bonds, ant
le on said bonds let the national banker
er draw tie full face value Of the bond
d, in national bank currency. Will tn
" people submit to it? We will see.
IS, And further, there will be anothe
IN issue of bonds before another yea
Id passes. 1t looks very much az thoug
OF the people must submit to becom
ne hewers Of wood and drawers Of water
We Make them poor and dependent, an
OF they will become humble and obedien
MS servants AS it is in Europe, SO sha
nj it be in Ama-ica. We will have bal
racks, garrisons and arsenals, and
Id great addition to the army, to kee
OF down strikers who are called anal
'r- chists. Then goodbye liberty. tn
ut doors will be closed and never ca
ne be opened. THUS. MEREDIIH.