The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1898-11-11

Know How tx Vote.
(y Richard MeG@f, editor WordIeraM)
The United States Investor, a publication issued in the interest of
bankers al brokers, had in its issue OF October 49,, $685. editorial that
should be cad by every voter before he goes to the polls
That editorial vas entitled 1.-THE Tendency of Banking" Therei is not
IN hat editorial a reference % the McCeary currency bill, but it is a
cear-cut plea for the passage Of hat measure
THE movemen to reduce he number of banks in Boston" say the
United States Investor land to organize one large institution in the place
of line that are to be displaced is % the only sign that the ACCESSIBILITY
o centnhzing banking interests is being taken under consideration"
This is entirely correct The republican currency scheme known as the
Mcc1eary ill is another ign pointing to thu danger of tn Capitalization
of banking interests.
The Investor points to he fac that there have beer a umbe of bank
consultations in New Yok lately certain smaller institutions being ANAL
gamated with heavier banks, n the Investor ventures to say tina if this
movement should become widespread" it would "unquestionaby be pro
ductive If tn most excellent results" If h Mccl@ry bill hou become
a LAY this movemen would not only become widespread" but it would
result very son in the establishment of me bank with several thousand
branches the organization of a gigantic banking monopoly, and this would
Enthusiastically be productive of the most excellent results"-to the New
York bankers HI are behind the scheme.
To provide argument in favor OF HI Capitalization of banking interests
the Investor points to the great banks of Europe. The Investor says these
banks we're possessed Of LARGE PRIVILEGES" md the Investor adds
something that should be burned into the memory If every American ct-
ger h desires to protect the Interests of this country and its people from
serious n permanent injury. The Investor, speaking of the great banks
of Europe, says: "1heir WEALTH WAS so GREAT THEIR opER-
ATOMS SO EXTENSIVE that they 500 BEGAN TO PLAY A FAR MORE
IMPORTANT PART than a. everb beer filled by n n banking institution
in this country The influence exeted by them, so fr a. it resemded at
all the influence exered by American banks, was ANALOGOUS TO
THAT WHICH is BROUGHT TO BEAR BY OUR INSTITUTIONS when
taking CONCERTED ACTION n WORKING UNDER AGREEMENT"
This editorial uterance by ne of thu recognized organs of the New
York bankers is Sc important that h ord-zerald prints the editorial
in full. 1t is as follows:
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part part # 16a evsry c y pa Wse is wne ts a' o s0n mdepenas m s eliminated by New
Here is the plain confession that IL competition in the banking hus;-
ness is to be wiped out Her is the plain confession that the endencv
is to concentrate thu banking business in the fewest hands possible.
Here is the plain declaration that where the care of money is committed
"a few rather Ia to many hands it can be used to h best advantage
Hmt it is not explained that the interests of the people do o lie in hay
ip the careo If money monopoized by a handful of men. Here is he plain
nea hat the banking business Of the country shall be placed "n h hands
Of a few large institutions, governed by strong men" who will not fail to
tab advantage of their large privileges to pile up fortunes for them
selves and to increase the burdens Of the people.
Tbis Capitalization of banking interests, this consignment of the caro-
= money % the ontrol of a few men,, advocated by the United states
rnvas+or. is provided for by the republican currency measure know. as
he McClearyb bill aANaa~@s ~.~w"%N~ s~~~M~~asr - -
'N VIII the American people elect a congress that will adopt the nouo.
49, should send a solid republican delegation from Nebraska to the loves
ehey M thev should elect a republican to succeed senator Aen r.
49, disanprove Of that policy they should defeat the republican candi-
datesf for congress In every district n this state. and elect Senator Allen to
be his successor r. i" I. ~ :. u, -" ~,
cana,aat has daredato discuss, exp1ain.oE dksfahd&that republican currency
scheme. -. !. huo aHna,a.oa 49, ox,,o..o ..
- .s 49, he McCleary currency BILL The Word-Herald again chal-
snaes for ar Endorsement of the Mccleary currency bill, the Omaha Bee
Ane -. = ,noo,n Journal, tn leading republican organs IN this statea and
1auau Burket, Mercer, Norris Htnshaw mo Brown, tn repub-
$50 candidates for congress in ~ praska