The midland journal. (Rising Sun, Md.) 1885-1947, 1898-08-26
DO You Support the Following Policy :?

DO You support the Following POlIcy
Comparatively few people realize the
swindle practiced on the people of the
United States by the bond deal at the
close of the civil war The Rothchilds of
London invested in $500, 900, 900 of these
bonds. They purchased four hundred
millions of greenbacks with gold for
which they paid not more than 90 cents.
1t is probable they paid much less. But
let us calculate their profit i'll this bond
deal at 80 cents they paid $40, 900, 900 in
gold. The bonds drew per cent. interest
payable in gold. The interest on $780,
COO, 900 at per cent. per annum is $24,
600, 600, hence they received $24, 900
annually in gold for $40, 900, 900 which
they paid for the bonds, which is rate
of interest per annum in gold of 10 per
cent, which when turned into green
backs, the only money Of the country
at the time in circulation amounted to
more than I6H per cent. on the money
they invested. Sometimes as cents in
either silver or gold would purchase $I.oo
in greenbacks which made the interest
rate still more monstrous.
These bond spectators of London and
Wall Street we're not satisfied with such
profits, but later on either bribed on bam-
boozled Congress to pass an act which
| they claimed was for the purpose of
Strengthening" the credit of the govern
ment, making the principal of these forty
five to sixty cent bonds payable i'll "coin."
Now mark the wisdom or rascality of this
act. The government had then ceased
borrowing and was paying off its debt by
buying bonds. The rascality of the trans
action will appear when it is remembered
| that the government had ceased to sell its
Credit and was buying up and destroy
ing the bonds with the same kind of
money they had been purchased.
| In 1873 the swindle was carried still
further by the clandestine Sherman trick
which demonetized silver, making money
much dearer than ever, measured by real
property and products Of labor, which
tumbled away down to less than half
what they were when the bonds were sold,
making the bonds worth at least four
| times as much property and produce re-
quired to buy them when they were in
| vested in by the money sharks.
Greed has no bounds set to its rapacity,
and constant effort has been made and
| is still continued, to make all those bond
ed obligations payable in gold in place of
| Coin as the law reads. This same party
of land pirates are working night and
day to have Congress pass an act destroy
| ing the remaining greenbacks in circula-
| ton and the silver certificates, and selling
| the silver dollars as bullion, and author
izing the banks to issue all the money i'll
circulation, and thus completely enslave
the people by having secured entire
control of their money And honest
men and fellow citizens, the Republican
party leaders assisted by the gold Dem
complete this rascally swindle of the pro-
ducing laboring people. Who among you,
fellow citizens, are helping to do this
thing knowingly If there are any let
them hold up their hands. The above is
solemn, historical fact that no gold bug
even attempts to deny, but insists that it
is all right and just Do you think it just,
hard handed farmers and laborers whose
grain goes down as your taxes go up?