The Columbian. [volume] (Bloomsburg, Pa.) 1866-1910, 1897-08-26


ment. "Why Mr.. Stewart answered
the cashier, l give you this sir, as
courtesy, SO you will not be hampered
with the heavy metal money. Turn
ing over one OF the demand notes, he
Continued, you see, Mr.. Stewart, this
the government will accept for import
duties, as there is no exception
clause upon the back of it."
Stewart said he could not see why the
government did not issue all that kind
of money. The cashier replied if
they had, we could not have sold you
this kind of money stamped upon IS
$40 grains of gold for sass of other
government money. This is an honest
confession, what some of our Wall
street bankers did in those days of
1861 & IS and they are doing it to-
day to more or less extent. Stewart
then remarked that he would have to
charge up to the stock goods or con-
sumer, Sass, 900, with profit and inter
est and said it would all come out of
the consumers Of the goods, the
government gets 100000 and you
gentlemen get profit $IS5,oo
(meaning the bankers,) who pays for
this profit, the poor people or con-
sumers of goods, and the government
is robbed. This is only an illustration
to show what a speculation there has
been going on, with the bonds, that
have been issued, to keep up he gold
supply in the United States treasury
and Mr.. Cleveland who served as
president of the United States for
eight years with a salary of $500, 900,
for term Of 4 years and in years he
owned $500, 900 allowing nothing for
his expenses. We will now say, and
estimate that it cost him 100000 for
expenses, he should have had $780,
900 at the end of eight years. But
wait, let us see what Wall street quotes
Mr.. Cleveland's wealth, any ways
from $7,ooo,ooo to SI4,ooo,oo One
OF Our Congressman, whom we pay
$4,000 year salary, an afterwards
became United States Senator at a
salary of $4,000 per year for 90 years
he has served the government, which
make his salary amount to $4,000.
Again Look, see and listen. what Wall
street quotes this Senator's wealth,
anyways from $2o,ooo,ooo to $4o,-
100000. 1t looks to me very much
ike some speculation either in bonds
or like Mr.. Gilman & Co. bankers
in New York, when they sold Mr..
A. 7. Stewart 100000 of
metal money, for SsS5,ooo in
greenbacks and demand notes. | am
sorry that the consumers. and the
tax payers have to help make such
men rich. but it is not only so in
National Legislation but it is SO in our
own state, l am glad that the people
get to know more what is going on at
Harrisburg. 1t seems to me that a
fire was necessary at Harrisburg to
destroy the bad accounts and records,
made at the capital during the last
few years, l say this regardless OF
either political party, what l want to
see, and what the people want, is an
honest expenditure Of the public funds,
SO the tax payers will not be taxed 10
death. We will now return to the
National Legislation. Few people
have any conception how millionaires
have been made at the expense Of
wealth producers, who are the con
sumers, by that exception clause on
the back of the greenback which, in
that crippled condition. saved the
country in the time of need, wher
gold and silver hid in .SAyloek's Golfers
. What chance has the wealth producer
(the common laborer l mean) to com
pete with those who have been given
hundreds of millions of national bank
currency as a pure donation. The
national banker secured his bank
notes from the government by deposi
ting boncs paid for with greenback:
which did not cost the first purchaser
over 4octs. on the dollar IN coin
Besides he being allowed the privilege
of drawing interest, and all exemp
from all taxation, except having tc
pay per cent on such of the bank
notes as are kept loaned out. All the
notes or bank currency in the banl
are exempt from taxation. l am op
posed to the policy and practice O
surrendering to the holders of the OBJ
legation ofthe United States the option
reserved by law to the government
of redeemlng such obligations in either
silver coin or gold coin. We shoulc
all be opposed to the issuing of inter
est bearing bonds of the United State.
in time Of peace, and condemn tht
trafficking with banking Syndicates
which, IN exchange for bonds and a
an enormous profit to themselves
supply the Federal Treasury with golc
, to maintain the policy of cold mono