The Leon reporter. (Leon, Iowa) 1887-1930, 1900-12-06
Suhsoription Rates
THE MONEY POWER AGAINST
THE PEOPLE.
Weldon. Iowa, Nov. a.. 1900.

st
With your permission and consent 4
would like to contribute to your pape
and readers few thoughts of interes
to the masses but not encouraging read
ing for the IN oney classes or the money
power. John j. Ingersoll said. .Let 3
war cloud the size of mans hand ap.
pear above the horizon: of any nation
and the gold and silver hides itself away
as quickly as rats before a terrier" And
like them stays hid till all danger il
passed. The result is that when a ma.
tion gets into a war, it must issue paper
money to carry it through. England,
in her war with Napoleon, was obliged
to suspend specie payments; France
Was compelled to do the same thing; so
was Germany, Austria and Spain.
When Sumter was fired upon the
"honest" stable" "reliable" gold and
silver, was locked up by the bankers so
the government could not get q dollar
to equip our soldiers, who came nobly
forward to risk their lives in defense Of
the country. Now ask those who be.
ieve that gold and silver are the only
reliable basic, whether anything can be
reliable which fails to be on hand when
needed most? Which is the most re-.
liable: the ship that always sinks and
disappoints on the approach Of danger.
or the ship that carries you through
every storm in safety? Isn't the money
that carried US safely through the
greatest war of modern times good
enough to carry us along In time of
peace? "Oh," says the banker, 1--WE
want money that is good in foreign
countries" We did more business and
bought more goods in foreign markets
during the war than We ever did before,
yet Eedid not have q dollar in gold or
silver in circulation in the United States.
The, same men who falsely claim that We
can'tsdo business in foreign countries
without gold or silver also ask for a
high tariff toskeep us from doing busi.
ness with foreign countries.
Nspaper money is good, says one,
why did the greenbacks depreciate in
value during the war? The first green.
backs issued in 1862 to the amount OF
! $50, 600 900 never did depreciate cent.
They were always at par with gold, and
were receivable for interest on public
debt and duties on imports. Now be-
ing receivable for everything, the gov.
ernment was getting along fine, just
Is we'll without gold as with it. This
was a sharp thorn in the sides of tht
bankers who owned the gold. !,
.sBanking institutions are more dan
gerous than standing armies. ."-Jeffer
son, ASKS EN
sit is the corn and wheat and bee
and cotton of the country against itt
bonds and gold. -Ingalls. e. Y
..The meat of this financial question
has tough shell around it.. The shel
OF that nut can be cracked only by tn
hammer Of thought, but the meat in
side is we'll worth the cooking. =
Stearns.
Now the bankers called meeting
from Boston, New York and Philadel
phia and sitter discussing many plan
mot how to enlist for service to tn
country but for making the govern
Sment more dependent upon them for
circulating medium, they adopted on
andissned the following circular whic
they sent to nearly every banker in th
United States:
AMERICAN BANKERS CIRCULAR.
~ February, 1862.
Dear Sir:
.sIt is advisable to do all in ycr
power to sustain such daily and prom
inent weekly gnewspa apers, especially Il
agrlcultural and religious press sas vi
oppose the issuing Of greenbac. pap'
money, 7and that you also Withhold
patronage or favors from all applican
who are not willing to oppose the go
ernment issue Of money. Let the 80
ernment issue the coin, and the banl
the paper money of the country, I
then W can; better protect each otht
To repeal the law creating national bal
notesor tofestore to circulation &c
ernment Issue Of money will be to pr
yides the people with money. and vii
therefore, seriously affect your iniivi
nal .profits as bankers and lende
See your member of congress at on
and engage him to support our dinteres
that we may control legislation"
The bankers' conspiracy to contl
the finances Of this government is nj
formulated and in existence. We v
now see what easy tools our law mak'
have been, and how willing the reput
can politicians Of the lower order wol
ed TO their success selling the peo]
out to the dishonest and unscrupule
banks Of each decade. aud today ths
ID not daily paper whose columns
not full Of the conduct Of Alvords,
New York, the Gen. Whites. Of Mic
gan, and the Aliens and Wilson'S
Iowa.
Now Ahy debt-ridden hard-up read