The representative., 1899-03-15

be coming back as sure as day follows
night, to where our Spartan band now
stands, because no other principles but
ours will be the next to succeed. And
that too is success.
than l, If you know that this Buffalo meet
ing has any political significance. 1t was
it is very doubtful if can personally at
tend. Respectfully yours:
To H. B. Fay, Esq, Minneapolis.
The Cosmopolitan Magazine,
Editorial Department..
Irvington- on Hudson, N. Y, Feb. S. 's9.
Dear Sir: AS 1 understand the Buffalo
conference, it is to be attended by those
ideals Of our republic. We shall hear there
discussions by men who have given much
thought to the questions which most con
will all profit by what we hear. 1t is dis
tinctly stated that it Is not called in the
of in amy yatendnx ;s
will be privileged to continue his previous
political Affiliations Yours sincerely,
H. B. Fay, NJ D.. Minneapolis, MINI.
Warren, Minn. Feb. 27, 1899.
Minneapolis. MINI.
Dear Sir: You will find inclosed 25c to
help in the work of organizations small
able to give many dollars, but still
every one is able to give 25c. and if those
who believe in reform would contribute
their mites, it would make quite a large
sum and would be great ENCOURAGEMENT
to those gentlemen who like yourself are
r-ht and humanity in the unequal contest
against the despoilers of once good and
great nation. Yours very truly
Minneapolis. MINI.
One reform party can defeat the open
enemy. To try to build up another than
the Peoples party is treason to reform.
The men that head such m1vement nr,ea eatorn are
ers will shun them as they would leper.
They are spies from the .enemy's camp;
they betray the honest efforts OF honest
men with a Judas kiss.
S. M. Fairchild.
Saltwater Mimi. Feb. "a, 1899.
Editor Organization Column:
A little over a year and half ago, A. 3.
SGkney made very nasHa Mas spseGn Sen
cred at New Ulm. In the speech he made
the statement that during the last 80 years rs
worth of farm produce and manufactured
goods more than it had imported. He said;
by all laws of trade other countries should
owe US $l,5oO 100000. But, to the contrary.
we find that by some hook or crook Great
Britain and Germany have managed to get
us into their debt to the tune of five or six
billions of dollars, on which we pay an
Annual interest of over 5000 0O0,0 ,00O This
state of affairs had been brought about.
Mr. sia n THIS eounr
similar to the Bank of England for base
of credit. We should like to say to A. B.
Stickney and others who think and talk as
he does, that the producing capacity of our
fertile soil gives the United States the
greatest base Of credit of any nation in the
world.
We too. would like to see a great bank
ing institution in this country, and we
want that great banking institution to be
as ststes Fsb g. ss the Saona
ing act passed both houses of congress
and was signed by the president and be-
came a law.
authorized to strike off $500 900, 600 in ma
when they called for them. BY 1869 the
entire $500, 600 had been put into circu-
lation: and in 1870 the limit was raised to
removed, and by 1877 the national bank
notes had reached a circulation of S375,-
1O7,616. In all probability the average cir
about $3.50 900. The keeping of these
notes in circulation has cost the people Of
mum and the notes stin belong to the the
banks. The notes up to the present, time
compounded annually (amount of bonds
ment 81, 800, 0O0.0 900 in interest. Just note
how much better it would have been for
the people of this government If those
notes had been full legal. tender treasury
notes and had come into circulation by
national improvements, say, the building
of double track railroad from ocean to
ocean, with feeders running north and
south. The notes would have been ex-
pended for labor and material. In coming
into circulation they would have created a
railroad worth $500 100000 by which the the
government would have been that much
richer The people would have had the
money in circulation. 1t would have be-
longed to them and no bank would have
! collected tribute.
Now ask yourself a simple question
What is it that makes the national bank
note good? Your, answer is, the govern
ment bond behind it. Now ask another
question: What makes the bond good?
The producing capacity. of our fertile soil
and our energetic people. Then, why do
You allow a few individuals to use the
credit Of the whole people and compel the
great mass Of our people to pay tribute to
them greater than the profits Of industry
of the ballot to change it, SO that our
country's credit would accrue to the bene-
| fit Of all. b. w. PoWeu
|