The midland journal. (Rising Sun, Md.) 1885-1947, 1899-01-13
Idle Honey.

va
idle money represents. Cleveland and
Carlisle sold to Mogan, the Rothschilds'
American agent and other Wall street
spectators, bonds amounting to $780,
900, 900, for which there was very doubt
full law, and not the faintest necessity for
doing, and sold those bonds at twelve to
eighteen millions below the price such
bonds were fetching on the stock market.
Who pocketed this surplus the American
people were robbed Of? Cleveland and
Carlisle were poor when they went into
the White House and Treasury. Cleve-
land left the White House reputed to be
worth millions. Carlisle is floating in
wealth as chief attorney for the sugar
trust.
When the Spanish American war broke
out, the Republican congress with the aid
of such gold Democrats as German, hur-
ried through law authorizing the Sec
rotary of the Treasury to sell $500, 90 900
twenty year bonds if the necessity of the
war required the money, and authority to
issue $Ioo, 900, 900 Treasury certificates
redeenlable i'll one year. The treasury
was OVERLOOKING with money and there
was not at any time the necessity for
issuing even the hundred millions Of one
year certificates, much less two hundred
millions of twenty year bonds, but Sec
rotary Gage FASTENED to sell 5000, oooo 900
long term bonds at par, which are now
81 per cent above par i'll Wall street.
This sale of bonds was not to aid the gov
ernment i'll prosecuting the war but to in
crease the public debt for the purpose of
providing facilities for additional national
banks
Mr.. Secretary Gage is a Chicago nation
al banker, and he is nothing else. He
cares little for the welfare OF the American
nation or the American people when the
banking interest is to be considered
We all know that the plain people of
all parties do not enjoy being robbed in
this wholesale manner, but almost every
member they elected to the next con-
gress, both Republican and Democrat, is
in favor Of this robber policy.
The Republican party is committed
almost entirely to it, though the honest
masses of the party are bitterly opposed
to it. The Democratic party leaders do
not know exactly where they stand on
the policy, but the masses of the party, as
the masses of the Republican party, are
dead opposed to such national robbery as
has been carried on.
Now the gold standard means exactly
such condition of public affairs. And it
means more. 1t means that the entire
control and Issue of money shall be taken
from the government and placed in the
hand of national bankers. 1t means that
the authority to issue money which is
vested by the constitution in the govern
ment, shall be by act of congress taken
FROM the government and lodged in the
hands of a powerful bank monopoly,
with headquarters in Wall street and a
system of branch banks covering every
inch of territory in the United States.
Such system would soon wipe out our
little country banks as completely as the
great department stores wipe out the little
retail establishments. And yet, our little
bankers are stropping the razor to cut
their own Threats.
If country banks prosper they must
necessarily draw their prosperity from the
enterprise, industry and wealth of the
community i'll which such banks are
located. If that community is hard strap
ped the bank feels the effects of it. It's
securities become uncertain. Its field for
loans is contracted. The money Of its
depositors cannot be used in business |
enterprise because of falling prices, and a |
surplus remains on hand, and the only |
chance for the bank to make a little
interest on its deposits is to send the sur
plus to the city banks which pay l. to
per cent for their use, which money is
loaned TO spectators and stock gamblers.
This is the financial system our people
are blindly supporting, which will in the
end devour them as remorseessly as the
shark eats up the small fish.
$3.50, DOC, 900 idle money in the treasury
means contraction of the currency to
that amount, and the contraction of COM
mercial loans throughout the country to
at least fourteen hunred millions. Wheat
so TO 90 cents on the farms, cotton less
than cents on the plantations, which
prices will not foot the cost of raising,
and the end of this kind of prosperity is
foreclosure'o of farm mortgages and a step
ping down of families from their homes
and farms to renters and troopers.
This is true picture of the charming
prosperity" the daily papers are singing
peans over and gullable partisans are
trying to believe, even while squirming
with pain and anxiety their debts and
unpaid bills are causing them to feel.
THE American people must learn the
lesson of money or they are LOST
La Grippe Successfully Treated