The state herald., 1898-12-09
New comb honey at Stamps.

| Tho com nlercial press ami organs Of
the Bankers Association are agaln agon.
izing over what they are pleased to call
''currsncy refoin." BY "currency re-.
form" they mean the substitution OF
wild cat bank currency" for tue panic
proof paper money issued by the govern
ment. The demand Of the banks. that
the government abdicate It's sovereign
power to issue and contro! tho money oi
the country, aad invest them with this
sovereign prerogative, is piece Of pre-.
snmptiousness, which, for brazsn audac \
ity, would put to shame the prince Of
mediaval pirates. II "a political party
can father.this demand of the banks,
and live, We may we'll despair not only
Of the future Of popular government T.
niong men, but Of the survival Of human
liberty. II the property owners and men
Of business ia the; Urited States are
So blind, to that which 90 vitality con.
csrns their welfare, as to permit the con
summation Of this vicious transfer OF
power to the banks, what sufficient rsas.
on will'thsre remain upon which to buse
the hope OF escaping complete subiuga
tion 10 those who will bs thus empower
cd to iuggls the counters and r.g the
gamer
Tho paper currency OF the United
Suites does not need reforming. II is
now the best We have ever Ind, and con
ta,ns no element Of danger for the labor.
ers, producers, or investors Of the coun-
try. The demand for reform does not
proceed from those who employ money
in the legitimate work OF producing and
distributing wealth. 1t proceeds frcm
that class who deal IN money for usury.
and who writhe under the restriction OF
being compelled to earn or acquire mon
sy, before they can use it to extract toll
from the prodnct OF the labor OF their
fellowmen. The gold miner has to pros.
pect the mountains and river beds, dig
and refine his gold before the law offers
to make 1t into money for him. The sill
yer miner must labor to produce his
metal. But the banks ask the people to
confer upon them sovereign power to is.
sue currency aud tax nil business at nc
greater expense to themselves than the
cost Of the paper and the printing.
They 60 further and ask that no limi,a-
tion be put upon the amount they may
issue, thus placing IN their hands the
power to exploit the community bv al.
ternatins expansion and contraction.
with 40 regulator but the average greed
OF ten thousand banks,
The transcendcnt cheek OF the bank
ers' association even demnuds that the
paper money, that saved the lie OF the
nation when the owners OF gold md sill
yer Rugged them close and despised any
bond the United States could make, b
withdraw from circulation and destroy
ed-retired by the government, either
through taxation or by conversion into
y interest bearing bonds to make room ior
bank notes They ask to bs permitted
TO issue those notes against the intupgi
bio AIRY nothings, which they denomi
I nato bank assets.
A note deposited In hank to secnrc Il
loan becomes an asset Of the bank. The
, maker Of the note may become n hank
rupt. Tho note may never be paid. The
real estate OF II bank in "Boomiosn,
appraised by Mr.. "Boomsr." is an asset
OF the bank. All these, scattered iroa,
the Atlantic TO the Pacific, the banks
ask TO be made the basis OF bank issues
without limit, and then to cap the climax
\ OF impnd-nce and gall they demand tia,
0 the United States pledge itsef as ulti-
3 mate security for the notes issued 10y the
3 banks.
How long under such u system before
the men, whose contempt for the int-ili,
gence oi the people prompt them TO make
: such demand, will 'ubiugate The peo.
! pie aud take command Of the govern
meut? We warn the administration
7 gninst the madness Of greed that IL now
= clamoring at its door. Tho politicisns
: or the party that hnrkenn To IL, will me.
IT'S doom. The le-son Of the past year
should teacb them ths, patriotism is no,
= dead; ihat our people nrs still brave
that the love oi lbert, 10 not ysi extinct
l,e, no administration or party by vio-
lent hands upon tho .recnback that
saved the nations life IN tho siities, and
with the treasury notes, silver dollars
and silver certificates saved tho country
from utter ruin IN lsl3,-Sily,r Knight,
NU.t,h,u.,