Natchitoches populist., 1898-07-08
BY THE BOND BROKERS
THE RULE OF INTERNATIONAL
PLUTocRAcY.
Nhat 1t Means to the People of the
United States-The Revolution Wrought
by Compound Interest on Bonded
Debt and Watered Stock.

UsuIy peFpetuated by war debt. II
does more harm than all other forms
OF robbery combined, and it works q
more far-reaching devastation than
the deadliest havoc of war.
Under modern methods, usury is fa-
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
New York fnancier (say Mr.. ]. Pier
pont Morgan, agent of the Rothschilds
In their attempt to control the United
States treasury, has just received s4,-
600 in interest on the lot of bonds for
which he raided the treasury under
the Cleveland administration, or the
other lot with which he and his prin-
eirals 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 a
trust he is organizing on the plan of
'he Sugar trust Or the Standard Oil
trust, and water it up to a face value
OF $4,000. On this, by favor of gov
efnment which shuts out foreign COM
petition By a Dingley tariff, he may
realize g monopoly profit of twenty
nVe per cent or over. But at only ten
per cent, he would have two thousand
dofars usury on an investment of S4.-
600 OF original interest from his bonds.
And by re-investing and re-watering.
ne would go on year after year, piling
higher and higher his hoard of plum
dered wealth.
Where the men who understand the
science OF compounding interest by re-
investment are allowed to control the
money supply Of a 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 10 certainty, as math-
ematical as figures can make It. that
what has happened in the United States
since 1866 happened of necessity ard
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 its vitals, have
preyed upon 1t ever since.
When men Of common sense acouire
determination they will not hesitate
long In dealing with such a situation
as this.
These people control the country be-
cause they have monopolized its moa-
ey. The most sensible and effective
way to rid the country Of their domi-
nation is to issue money from the mirts
and treasury until their hold on the
supply is broken.
Nothing could be simpler. as nothing
could be 1uster or more necessary than
this.
IL is not a question of the color of
Q metal or OF It's 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 1t.
II they are allowed to say what mon
ay shall be issued from the mints. how
much or how little Of 1t shall be 49,
sued, they will be masters of the coun-
Try, and that in perpetuity.
Nothing could be more intolerable
han such domination. Nothing could
be simpler than the method by which
we can escape 1t. Instead of issuing
more bonds to add to the plutocratic
hoard by the cumulative power of in
ierest to be compounded by reinyest-
nent. we have only to issue, and to
continue issuing, non-interest bearing
currency from the mints and the treas
Try as the business of the country aud
he necessities of our national life. in
var or peace, demand it.
Every million of new bonds out into |
he vaults of the plutocracy helps to
,nslaye 3 hundred thousand men. who
ire not less the servants Of their bond |
lolding masters because their product I
! controlled rather than their persons. /
IS under the ehatteI system.
Every additional million of currency, /
odd, silver, or grcenbaeks, put into
CIRCULATION by the people themselves,
rings the economic power Of at least
hundred thousand men to bear
gainst the plutoeratic system.
We want no wild imitation. we
rant stern justice and rigorous com
son sense In using the mints and the
reasury to break the power Of pluto !