Kansas agitator. [volume] (Garnett, Kan.) 1890-1905, 1898-06-03
BY THE BOND BROKERS
THE RULE OF INTERNATIONAL
PLUTOCRACY.
What 1t Means to the People Of the
United States-The Revolution Wrought
by Compound Interest OH Bonded
Debt and Watered Stock.


The worst curse of modern times IL
usury perpetuated by war debt. 1t
does more harm than all other forms
Of robbery combined, and it works a
more far-reaching devastation than
the deadliest havoc OF war.
Under modern methods, usury Is IA
cilitated as it never was before in the
history of the world. The professional
usuer Of the higher grade no longer
compounds interest by charging sin
gle borrower an excessive rate. He
strives to minimize the rate to the
individual borrower and to raise 1t to
the maximum against the community
in general.
The highest possible rate of COM
pound interest against the general pub
lie is attainable when the simple inter-
est on bond Is invested at once in
another interest bearing bond or SIM
liar security" or when it Is put into
the stock of corporation and inflated
by the usual processes of watering"
We may illustrate by supposing that
a New York financier (say Mr.. ]. Pier
pont Morgan, agent of the Rothschflds
in their attempt to control the United
States treasury, has just received $4,-
900 in interest on the lot of bonds for
which he raided the treasury under
che Cleveland administration, or the
other lot with which he and his prin-
cipals are about to be accommodated
by the Mckinley administration "for
value received"
Having this $4,000 cash, he can i'm
mediately invest it in the stock of
trust he is organizing on the plan of
the Sugar trust or the Standard OIL
trust, and water 1t up to face value
Of $4,000. On this, by favor of gov
eminent which shuts out foreign COM
petition by Dingley tariff. he may
realize a monopoly profit Of twenty
five per cent or over. But at only ten
per cent, he would have two thousand
dollars usury on an investment of $4,-
900 of original interest from his bonds.
And by re-investing and re-watering,
he would go on year after year, piling
higher and higher his hoard Of plum
dered wealth.
Where the men who understand the
science of compromising interest by re-
investment are allowed to control the
money supply of country, they must
inevitably control the greater part of
its wealth. Any one who can work out
the rate at which dollar will double
Itself can see to certainty, as math
ematical as figures can make it, that
what has happened in the United States
since 1855 happened of necessity and
could not have been otherwise. The
men who speculated on the necessi-
ties of the country during the war, and
took advantage of its extremity to fix
their usurious talons in it's vitals, have
preyed upon it ever since.
When men of common sense acquire
determination they will not hesitate
long in dealing with such situation
as this.
These people control the country be-
cause they have monopolized its mon
ey. The most sensible and effective
way to rid the country of their domi-
nation is to issue money from the minis
and treasury until their hold on the
supply is broken.
Nothing could be simpler, as nothing
could be juster or more necessary than
this.
1t Is not question of the color of
metal or of its weight or of it's fine
ness, but of liberty and justice.
These men control the money sup
ply with which the products of labor
are exchanged. In so doing they con-
troll labor and all legitimate business
which depends upon it.
If they are allowed to say what mon
ey shall be issued from the mints, how
much or how little of it shall be is
sued, they will be masters of the coun-
try, and that in perpetuity.
Nothing could be more intolerable
than such domination. Nothing could
be simpler than the method by which
we can escape it. Instead of issuing
more bonds to add to the plutocratic
hoard by the cumulative power of in
terest to be compounded by reinvest-
ment, we have only to issue, and to
continue issuing, non-interest bearing
currency from the minis and the treas
ury as the business of the country and
the necessities of our national life, In
war or peace, demand it.
Every million of new bonds put into
the vaults of the plutocracy helps to
enslave hundred thousand men, who
are not less the servants of their bond
holding masters because their product
is controlled rather than their persons,
as under the chattel system.
Every additional million of currency.
gold, silver. or greenbacks, put into
circulation by the people themselves,
brings the economic power of at least
hundred thousand men to bear
against the plutocratic system.
We want no wild imitation. We
want stern justice and rigorous COM