The Saint Paul globe., 1900-06-21

be used for no other purpose, and draw
ing 11z per cent interest, be issued direct
to national banks by the government at
par.
That these bonds and these alone shall
be accepted for circulation purposes.
That there shall be a minimum and
maximum amount of circulation requir-
ed and allowed.
That convenient repositories shall be
designated where in times Of currency
famine banks may secure shipping cur
rency at minimum cost by depositing
coin or circulation bonds therefor
The circulation bonds must be registered
and cannot be transferred except back
to the government. thus avoiding the DOS
sibility of a premium.
That national banks be permitted to in
clude national bank notes in their reserve.
That the gold redemption of all forms
of money and all classes of bonds be pro-
Vided for.
That national banks located in towns
having less than 25,000 inhabitants be
cent of their available funds on farm
lands.
These are a few hints thrown out for
debate. And it is hoped they will be de-
bated
BANKER AND DEMAGOGUE.
Friends there is one most welcome con-
victon that comes to US with this new
financial law" 1t is sop" AT last our
political friends have come to realize the
Importance of the business element.
churches, temperance advocates and sa-
loonkeepers get their political sopS. And
we now have ours It may not be much
But it was intended to silence US, to salts
fy us, perhaps. And so we have made
our Importance felt
Too long the banking fraternity has held
itself apart Oppressed by the prejudices
has felt himself in a measure political
outcast. Apparently no one has well
coined his open support-it might lose
votes among the so-called common people,
The demagogue has created a wide chasm
OF prejudice between the banker and the
ignorant. Lurid denunciation of the
banker pleases the mob ear He is pic
He has the money of the country in his
trousers pocket. He has but to button
the flap and famine results. He is in con-
slant contribution to the money power
which seeks to further enslave the
masses. He has purchased at great price
the control of the circulating medium.
The money in the banks does not belong
to the bankers. 1t belongs to the people,
to the masses, and 1t is subject to the
control of the people. The bank is a
collection of men or women-shareholder
doing business collectively. The officers
and directors conduct this business for
the shareholders. Among the sharehold-
ers, directors and officers of every bank
every shade of political opinion may be
found. 1t is therefore arraIn nonsense to
say that the banks contribute to any par
ty. An attempt to do so by any of those
interested would stir up pretty row.
Let the banking fraternity shake off
the shackles of prejudice and distrust.
Aid in the emancipation of the masses
from the control of the demagogue. Let
your light be seen. The people are be-
ginning to realize that you are not alto
gether devils incarnate, and the poIiti-
clans, realizing this. have thrown you
a sop. Strive on; make your infuErce
for good felt throughout the land. Do not
remain silent when you see the business
interests of the country in peril. Assert
demand for wise and adequate financial
system.
Do these things and your next sop will
have more substance to it than the one we
are now endeavoring to digest