Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1899-10-31
Wild Cat Banking to be Restored.

!. .
Wild Cat Banking to be Restored.
The party which has been mounting
gold standard for the past few years
really means the restoration of the
widest scheme of irredeemable, nom
legal tender paper money ever known
to our people. When Car Reed was
speaker of the house of representa-
tives, the deSpotic rule he maintained
over the members of that body, in the
introduction and passage of bills and
the control of legislation, made his
will supreme over that entire body.
This despotic controlsof congress by
the speaker, It's reported, will be con-
tinued under the congress which is to
meet the first Monday in December.
A committee of the house has been
preparing measure which Mr.. ID. B.
Henderson, as speaker, as the price of
support of the east, is to railroad
through the house without debate and
before the committee on banking
and Icurrency are announced.
The excuse for this course is that if
the bill had to take it's usual course it
might never get out of the hands of
that committee where it might per-
haps be changed or sleep the sleep of
death.
| The bill proposes the retirement of
the grcenbackS permanently from Cir
.culation, removes the legal tender
given to the silver dollar by law,
authorizes bankers to issue unlimited
quantities of paper money, basing
their notes upon the unsubstantial
basis of bank assets, often tranSitOry
and things of the imagination, with
the small real basis of per cent of
the issue being in gold for the pur-
pose of redemption thus placing the
entire business community at the mer-
cy of the ten Thousand bankers Or
ganized, not for the public good, but
for individual gain.
The proposition to make gold alone
a legal tender, displacing all other
government legal tender, and author
izing bank issues with no regulation
of the amount to be issued and not a
dollar of it legal tender for the pay
1 ment of debt, is a monStrous propo-
lsition, and if enacted into law cannot
| fail to produce a panic that will ruin
millions of men and sweep billions OF
property into the possession of the
ten thousand bankers for whose bene-
] fit this law is intended. They own
and control every dollar of gold in the
country. A man in possession of this
contemplated money, with a debt te
pay, if the creditor demands Legal
tender money mustexchange his bank
! paper for that article, paying such ex-
change as the possessor of gold de,
mands.
\ The wild financial scheme of Johr
!, Law is robbed of the feature of lunacy
by comparison with the proposed leg
4 islation. 1t is part of parcel of the
men who by fraud and purchase have
control of the republican party.
The common people complain of tllf
Influence of money in controlling
elections. The railroads, the trusts
the corporations, the banks, pay thei
money to the politicians simply be
cause they have votes to sell, and th'
d votes Which they sell to them are tn,
ones which you cast. The railroad in
! fluence elected John Ell. Gear senator
from Iowa. In payment for this he
+ voted 1854, 900, 900 of the peoples to thu
railroads. He is a candidate of thu
same railroad for reelection. Repub
lican representatives to the legisla
. ture are nominated in the interests o
the corporations and not of the PEG
1 pie. Your vote if cast for them is al
ready sold. Are you party to tn
transaction? IT yea, vote for thu
Gear candidate, if nay, vote for G, Fl
Wallace. Wildcat money, RAILROAD
q control of legislation trusts, militar
ism and Imperialism are to be avoided
i if the people would escape a larg.
: standing army, it's cost in money, an6
{ its peril to our institutions. The pre-
sent emergency appeals to thought
. full and conservative men who would
retain vestige of liberty to posterity
, to cast their fortunes with the demo
tcratic party.