The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1898-11-03
"Tbe bill is very bad economics.

1T would result In one great bank
with 10000 branches.
No independent local bank, managed
by It's citizens, can be established In the
town, and II one Is there It must 20 out
Of business.
In times OF political excitement the
agent of the parent biuk knows the
politics of bis city employer.
| six millioi Reubliuans are more or
less suspicious or opposed to national
banks"
SO much for Chairman Walker, aud
1t goes to show the danger the country is
In If sucn men as Robert W. Tsyler have
control II this law is passed it will
res,lt 10 a trust of trusts-that is, u
consolidated money monster TO which the
corrupt Bid lie Unitsd States bank
which Jacss n overthrow was q mere
chud. 1t will leave the bank of Eugland
far behind, for 1t will be organ lied
corruption to control busiress and
values, as well as the people and politics.
PRIVILEGES NO OTHER GOVERN.
MENT GIVES.
These gold schemers claTor that the
government must get out of the ba king
business, only tnat they may have the
Held to fleece the pc 1pls by rnishing
their paper promises t. be used as money
by over seventy millions of Americans
who must p,y them tribute. At the same
time they are going to have this same
government grant them special privileges
to plunder the people and also to stand
back Of them to give them credit and
make their paper promises circul to.
They want to uss this COVER ment Of tn o
people exclusively for their emolument.
How kind and generous
At first these SC emers proposed the
Canadian banking system, which, it was
claimed, had worked veil, for the banks
But otter they had exploited that syste m
through all their organs from Maine to
California, they accident lily found ut
that the Canadian government did not
iudorse the notes issued by the Canadian
banks, and since that ii ne not word
has been heard from the about that
wonderful system. They also learned,
upon further inv' stigfation, that no
government on earth, except tbe United
States government in iorses any Of the
notes of private packing corporations.
The audaclty of these oormorants is
enormous. Is it not alarming that fres
Americans should thus be used by few
money mongers to their own ruin and
the embarrassment of future generationsP
The granting of snch a monopoly is
contrary to the constitution, subyersive
of the rights Of the people, and danger
Gus to every interest and the general well
fare. A privileged money class is q
menace TO popular liberty.
The truth is, the American people have
had their business and values at the
mercy OF the banks for long years, and
repeatedly have they violated the law of
their own existence. In 1898 this Or
ganized money power brought on the
stagnation on purpose, in order to COM
pei the repeal of the Sherman law, and
after, to save themselves, Issued paper
through the New York clearing house to
the amount Of millions, all contrary to
law.
PERPETUALH
The people have ever wanted the
NATIONAL debt extinguished, but these
bankers want 1t perpetuated and in
creased, and this accounts for the issue
of more bonds for the Spanish war. The
bank circulation being based on govern.
ment boHds, the bankers want larger
supply, so as to increase their note issues
and make the currency more elastic, as
they claim.
Another proposition is to issue notes
based on bank assets, the government
also endorsing these to make them go
among the people. These N en- are well
aware that the people have faith in the
government If not in them. But they
don't want the government In the bank.
Ing business only enough to prop them
in their gambling and skinning.
Much has been said about the govern
ment redeeming greenbacks in gold and
paying them right out again, the "endless
chain" as the bankers call it. yet
under the new system they will promise
to redeem their notes in gold and then
ray the notes out again, just as the
government does with It's green backs.
The whole scheme is to enable the banks
to initiate and contract the currency as
they please. 1t will be "wild cat" bank
Ing revived and improved. fter glorious
imitation and prosperity it will be col.
lapse and death-dealing contraction. All
the time, however, the speculative cliques
OF the money csnters will flourish |
financially. The money question is not |
settled, but If the next congress Is Re |
publican, look out! This privileged |
money class will settle it if they get the |
congress. This is the real and important
issue in this campaign. Every voter
should understand it. If Democrats have |
a majority in congress this wicked and
internal scheme will not materialize.
NO WILL