The San Francisco call., 1898-02-22
THOSE WHO DRAW INTEREST.

we have referred devotes to deStruction the drawers of interest who avoid the risk of active business. The Populist mani- 1 festo characterizes the same class, Dut calls them traitors" who are to be shot down. and Tories who are to be expelled from the coun- try. The red rhetoric of the Popust manifesto De- comes pale pink in that of the silver Republicans, which accuses these perncous drawers of interest ot an assault of the enemy the last ramparts of our social and industrial independence" In all three of the documents the phraseology of bloooy war ana stirring military movement IS used
 Again we ask who these drawers of interest, these traitors" and Tories" this enemy assault ing "the last ramparts," within which MT. Bryan and Senators Jones and Butler are standing under arms to repe the foe?
 Will some organ of these three proclamations in California name some of the in this State who avoiding the risks of active business merely draw interest" with the purpose of transferring to them selves 'the property of all those engaged in active business?
 In this State 15o,ooo depostors in savings banks draw interest 3I,oooooo of capital ASvast ma jority of them are laboring people who have thrty saved their wages. Another large class among them are small shopkeepers and vendors of one kind and another Are they traitors" and Tories? Life and fire insurance companies another class of in terest drawers. They insure for the premiums paid by the people These premiums they invest at in terest to accumulate a surplus out of which to pay losses. If they insure life policy for SIooo they become his trustee for that amount of money. In this way they are trustees for hundreds and hundreds of millions of dollars to the American people. Are they the drawers of interest who avoid ''the risks of active business? Are they the traitors" and Tories" deserving of death exile?
 Another very large class of interest drawers the building and loan associations, favorite for the investment of small surplus by millions of people. They have enabled the working classes to own their homes all over the country and have given to hundreds of thousands of families that safe and happy anchorage which comes with possession of their shelter. Are the building and loan associations the enemy avoiding the risks of active business for the purpose of gaining all the property of the try? Are they the traitors" and Tories who are besiegng the last ramparts?
 What class of interest drawers is left to the oblt- erating bosom of the patriotic partnership of the three wings of fatism? Is it the commercial bank CTS who loan personal security? Do they take no risk in active business? In truth and fact they carry all the risks of every kind of business The risk of every crop that grows of every train that moves and every ship that sails is theirs They distribute and trustees of all that part of the loan fund of the country that anmates trade the credit of commer cia paper. Take business enterprise in San Francisco evidence of the criminal machination of these commercial banks denounced in these procla- nations for confscatng the lives and liberty of-the aboring millions" Within few weeks thousands went ocund to holiday to witness the launching of the Chitose at the Union Iron Works She cost, say, million. The company that built her employs ill that and similar construction 5000 men, Their wages, feed cothe and house 12,ooo people, young and old In its work that company may be bor- rover of millions commercial paper, carried as credit by the commercial banks Let us suppose that it borrows million of the loan fund handled by the Bank of California, the property of 10000 depostors. Ii the commercial bank not there trustee of that loan fund the million could be borrowed for
 separate transaction with each of its 10000 owners would be business impossibty. The bank as trustee does it in transaction, on note The company draws the resulting credit to buy mate rial and to pay the wages of 5000 men. When the ship is finished Japan pays its price and the company pays its and the million goes back into the loan fund to be used over and over again in like opera tions in every department of active business This, then is the process denounced by these politicians as
 the repression of life and happiness the crue con- fscation of the lives and liberty of the laboring mil lons" "the most stupendous crime that has been committed in the annals of civilization" In the hy- pothetical of the Union Iron Works ask the I2ooo persons dependent this distribution of the loan fund by banks if they have thereby been put under hard and bitter burden" Let these three gangs of politicians who issue these three proclama tions-not of whom wages or pays them let them make plain to the laboring millions where the credits will arise necessary to the great lines of business in which their bread is earned when these drawers of interest have been suppressed and these traitors have been put to the sword and these Tories have been expelled from the country
 SEE THAT THE SHIPS ARE SAFE.