Virginian-pilot. (Norfolk, Va.) 1898-1911, 1899-08-27
SIXTEEN PAGES
SUNDAY. AUGUST 81. 1899.
ARE WE BOUND HAND AND FOOT?

1t Is very easy TO understand why all
paper-issues of the Federal Treasury
that enter into the currency Of the
people tGreenbacks. &c) are diligently
decriod by the banks and their allies
and organs, while all other Treasury
Issues (bonds, &c) are applauded and
promoted; in fact, are induced, COM
PEELED and entrapped by every device
and rascality, The bonds are a profit
able and safe investment for the multi
millionaires. banks and moneyed men,
Greenbacks and other Treasury issues
are Just as much the notes of the L. s.
Government as the bonds are. The rea-
son the banks, and their representative.
Secretary Gage. object to the Green
backs and Treasury notes is that they
carry no Interest. and act as currency
and money for the people, while the
National Banks (all of them private
corporations) - desire to disolace the
Creenbacks and Treasury notes, so that
they can have big demand for their
own notes upon which they pay no in
terest) and loan them to the people at
an interest charge for their private
profit, and thereby give the banks con
hioi VI tic iSSue vi currency CT money,
and thereby the control Of the people
and curtaiment of the peoples
rights and liberties. This is the reason
the banks in this country and in Eu-
rope plotted and obtained the demon
citation of silver metal.
But the Grcenbacks and other notes
Issued by the Treasury, get into circu-
lntion by being paid out by government
as money (without increasing the ma
tional bonded debt and paying interos;
on the borrowed money!, are received
by the people as money Oor they are
theirs). and go into the currency of the
nation. without cost 10 carbohydrates
the derivation of the banks OF great
pckings. under another system. be
counted as q loss. Not only do the
banks by these smaller and non-interest
bearing issues lose the pickings re-
ferred to. but as far as these issues go.
they supplant the national bank -notes,
for which the people have to pay the
banks at least 6 per cent. a year al
though they are really furnished by the
people Cor their Treasury to the banks
for nothing! The excuse given is that
the banks supply q safe currency for
the public: but why should not tho
Treasury do this, directly. freely, with
out collusion with Intermediates that
take every year 100000 on every million
dollars of currency obtained from
them? If our currency is now two bill
lions cit ought to be at least five bill
lions). and If the national banks fur
nish half of 1t, we pay them not less
than 100000 (siXty millions) year
for currency that should be supplied
by the peoples government
Every paper dollar issued by the
Treasury is regarded rs taking the
place. in this soft snap. Of Il bank note:
every Treasury note outstanding holds
the place of bank-notc of the same
sum. In the regard OF the banks ana
every dollar of Greenbacks and other
Treasury notes Withdrawn. makes
vacancy to be filed by bank issues, at
from to II per cent. year! No Won
der they arc stirring heaven and earth
and the tOther place to have all Urea
sury notes called in and cancelled. the
Treasury forbidden to issue any more
In future. and the whole monopoly of
paper money and currency turned over
to the so-cailed national banks. And
mat is what they openly avow they in
tend to demand of the next session of
Congress lin the coming Decembcr.
and mean to have, If possible, by hook
OF crook.
What wonder it is that the people,
their representatives.. their patriotism,
their craftsmanship and intelligence.
are not making similar stir for hon
est finance and to save the govern
ment and people from this plan of
AAHnriKht robbery-skinnnE alive?