Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1899-12-29
oooooooooooooooooooooooo
WRITTEN ONLY FOR PLAIN PEOPLE.

When we talk on hnanclal questions
we do not talk for bankers and Dond
holders, nor heads of great syndicates
They do not condescend to read liter
allure from so humble source we
talk to the plain people of the towr
and county, the farmer and laborer
the man who, to hear the plutocral
tell it. has only sense enough to hold
plow handle or carry bod, and pay
taxes. Last week, ignorant friends
there came very near being panic II
New York. Some banks in Boston
failed. and then in New York some
trust companies failed. and such
furry occurred IN Wall Street as pos
sibly was never known before III SO
short a time. We have told before how
money went up to 1856 per cent, and
how Mr.. Lyman Gage, the present
Secretary of the United States Treas
ury, took millions upon top of millions
of dollars cut of the treasury and ran
over to New York with it and filled
the vaults of all of the designated
repositories, that is National banks,
which have the sacred privilege OF
having large amounts Of government
funds on hand all the time, to lend
and speculate on. He then paid them
the interest on their bonds before 1t
was due, and he bought not less than
S25, ZOO, 900 of U. s. bonds SO as to put
more currency in their hands. Now
DO matter how stupid you are, dear
reader, or how tired from following
the plow, or carrying a bod, you can
understand what we have said this far,
as well as your city brother who has
eaten $40 lunch and wears silk hat
and diamonds every day. Now these
are facts. What we wish to call your
attention to dear ignorant friends
you who do not know anything about
money, and therefore must not talk of
it. is. that we who write this for your
reading, end we hope you also, nave
grown uncommonly tired of being tax
ed and taxed, and taxed heavy enough
before we had war. and with war
taxes additional now, for no reason OF
which we are cognizant, until your
money is piled in heaps in the U. 5.
Treasury only to be carried to New
York for the banks to lend at 1856 per
cent. Suppose you or I fail by reck-
less financiering or otherwise, who
comes to our relief Suppose Nation
al bank in New York or Boston fails
by it's recklessness or by the rascallty
of it's officers no matter which-who
runs with money to help it out? II it
is big enough the Treasury OF the
United States is opened and your mon
ely and mine, my ignorant friend, goes
to it's relief. Now don't mention this
to your neighbor. He probably is too
ignorant also to understand anything
about money. But last week your
money and his was sent to New York
by millions to be loaned by the Ma
tional banks at over 100 per cent; the
interest on the government bonds was
advanced 1T small discount and the
money loaned at over 100 per cent by
those banks. These are facts, but
don't mention them we implore you to
any one, hardly think of them your
self. You have no right to talk money.
The government and the banks do
all these things for you and are fixing to
do more In the same line by way of the
Currency Bill to be passed for your
especial benefit, but you will have
enough to do if you attend to your
plow. Your diamond studded city
friend will take care of your money
interests. Now, in conclusion, let US
insist that you do not upon your life
tell where you saw these facts, lest
those who do know all about money
may feel hurt because we gave their
game away. Mum is the word you
know.