The representative. [volume] (St. Paul, Minn.) 1893-1901, 1901-01-17
Cause, Remedy and Reason.


My erring brother and bef6oled fellow
citizens, it is the usurpatiOn of interest
for the use of money between you that
Is the cause. The remedy is to enlarge
the banking powers of the post Office
SO as to receive deposits of money and
Joan the same. The reasons establish
Ing the truth of the foregoing assertions
are so many and unanswerable that it
Is superficial to deny.
Reasons: Money is the fiat or decree
of the government as we'll as repre-
sentative of property. To be correctly
understood in this we will take the 81
banks organized in Iowa in places OF
5000 or less inhabitants, of which his
excellency, President William Mckinley,
tells us in his recent annual message
to congress. He says the capital stock
is $25, 900 in bonds, the government is
sues national bank notes up to the par
corporations forever, or until dissolved
by the power that formed them. Say
there are five persons in each of these
bank corporations, making $50 persons
in all, with capital of $75O,OOO. Now
let us trace this $750,O00 of capital, each
of these $50 persons had So 900 in prop
erty or money; If in property trans
fer Of the property into money, the
money into bonds, the bonds deposited
with the comptroller of currency at
Nyoc orr ho ~ Il,
is the bankers property still, an invest
ment drawing interest every three
months, can be considered property in
money loaned. rhe $750,000 in nation
al bank bills delivered to these 30 banks
is not properly in money, bonds II
chattels, but the fiat of the government,
loaned. Is it not? Let the bankers keep
this $75O,000 of government fiat at in
terest at 10 per cent, compounded an
nually. for 100 years. Their accumula-
tions amount to $12,20O,0OO, 900, three
times as much money as the United
States has all together, or nearly four
times as much as the land of the entire
state is worth at 500 per acre. The
banker on the inside of his bank coun-
ter loaning the fat of the government
to citizen upon the other side paying
for it. The first leads to tyranny, the
second to serfdom. Oh, you stupids o.
Iowa, to abridge the existence of the
unborn children of your state by pre-
pairing yoke to be taken on the mo-
ment that self-existence begins! Good
statesmen tell us that the relative posi-
tion Of the government to the citizen is
the same as the father to the child, the
guardian to the ward. How, then, can
one citizen sell the fiat of the govern
ment and another pay .or it? Let the
interest for the use of money go to the
government from the citizen, or to the
citizen from the government. Two
thousand years ago wave a red blanket
at bull and he became furious, it is
the same today. For 200 years the
Catholics and Orange Irishmen of Ire
land refought the battle of Boyne. They
lost their liberties, as we must, If we
follow their example. Since the civil
war we have initiated their statesman
ship in regard to party. To pit DEM
ocrat against a Republican for office,
Irish boyine-like, they become as sense
less as these Irish parties and as furious
as the bull. Under these conditions no
reform can be carried through by either
party. Under existing conditions Of
both Republican and Democratic parties
T. is useless to expect any check Of the
people from degrading serfdom, where
man. woman and child are sold with
the land once owned by them Nor can
we expect anything different from the
new parties. Social Democrat, Peoples
Prohibition. etc.. like surroundings AMI
influences in the new will produce like
Aconditions as In the old What, then,
can be done to avert the approaching
downfall of mankind? l will tell you
by way Of proclamation.
RECLAMATION:
Now. |. A. T. d. Austin, BY authority