The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1899-09-20

called . freeman. Sd. That The
method Of doing this is by control
ling the amount Of monev in circula
ton and thus keeping down the
wages of the wage slave and pro
Queer. 4th. That in order to con
troll the amount Of money in circula
ton, the banks hold the Nationa
debt in the shape of bonds ano
issue paper money on these bonds
thus controlling the output of paper
money. 9Th. That without bonds
on National debt, and with green
backs of the government in circula
ton, it is here admitted, that this
could not be done. 9th. That
bonds mean bondage, with seeming
freedom to the great body of pro
ducers, who feed and clothe the
world, but an unearned increment
and power, political, social and
commercial to the b ond holder. 9TH,
That this desire of the money pow.
err for bonds to control the money
circulation was the cause of our
immense war debt from the civil
war, and was also the cause of the
issuance of 400 millions of bonds
since 1898. John Sherman said in
one of his speeches in the U. S,
Congress, that the green backs oil
the civil war were purposely de.
preciated, that they might be turned
into bonds. He also said; Eve are
following in the footsteps OF Eng.
land" in regard to our monetary
system. This bondage is what the
McCleary bill aims at, since it is an
imitation of the European system as
grated in Canada. This is the OBJ
ject sought by the recent confer
ences and committees appointed by
the money power, and the pressure
they are bringing to bear on the
financial committees of the next
congress. Nothing but the SOC
millions of National paper money
now stands between these traitors
and their complete control of our
monetary circulation, the consum.
nation of their wishes. AS a cor
roboration of these statements, ]
give you the testimony of two emf.
nent American statesmen, and two
National bankers. Said Daniel
Webster: "When our paper money
is made payable in specie on de.
mand, it will prove the most GER.
tain means that can be used to fer
tilize the rich mans fields by the
sweat of the poor mans brow.
John C. Calhoun said: ''Place the
money power in the hands of a com
bination of a few individuals, and
they, by expanding or contracting
the currency, may raise or sink
prices at pleasure, and by purchas,
ing when at the greatest depression
and selling when at the greatest
elevation, may command the whole
property and industry of the COM
munity. The banking system con-
centrates and places this power in
the hands of those who control it.
Never was an engine better calcu-
lated to place the destinies of the
many in the hands of the few. y
William C. Cornell of Buffalo, Pres
ident of the New York Bankers as
ISOLATION, spoke to the Chicago
bankers club short time since.
In his address he said; If, in 1875,
1876, 1877 and 1878, the bankers
and sound money men had been
organized as they are now, and had
spoken out as they are speaking
out now, the greenbacks would
long ago have been wiped out. .
R. M. Widney, President of, the
Bank, Los Angeles, CAL, before the
Commercial Congress, Kansas City.
in 1891, said; THE owners of mon.
ey do not want the volume increased,
While it is limited they can contro
the rate of interest, and the value
of all labor and property. A
corner on money is a corner on al
other corners combined, and car
control the social and political as
we'll as the producing labor and
property interests of the nation.
Do YOU see the ''nigger" in thu
wood pile now, when you have thu
Testimony If the bankers them