The midland journal. (Rising Sun, Md.) 1885-1947, 1901-05-10
A Great Bunco Game,
A correspondent of the commercial gold

correspondent OF the commercial gold
press writing from Wall street says:
"We shall have at the close of McKin-
ley's second administration within our
control not far from ST, 500, 900, 900 i'll
gold. For it is presumed that almost
none of the gold which we now possess
will be drawn out of the United States,
whereas our supply from the mines of this
country and from Alaska will probably be
increased in the next four years by as
much as $3.50, ooo, ooo."
With the issue of national bank notes
based Oh bonds and the loan of bank
credit based on this gold and on the
national bank currency, it will be in the
power of the banks to initiate the pre-.
sumptiye and real circulation to almost
any amount the banking power desires
But the money power is still not satisfied
with this almost despotic control of the
money and by the power inherent to such
control over the property of the country,
but is striving for more absolute dominion.
The money despotism is seeking to ex-
tend its legal privilege to issue twenty
five per cent i'll bank notes, on the assets
of the bank, which assets consist of the
bank building, furniture and
fixtures, ink stands, pens, pencils, desks,
etc.-and of the securities held for paw.
ment of their credit loans, which are the
promissory notes and collaterals of the
banks borrowing customers, which have
been reckoned as cash deposits of those
who transact their business through the
bank.
Secretary Gage recommends in his
report this addition to the already des-
potic privilege granted the banking
monopoly.
In order that no stone may be left un-
turned to strengthen the money power
and render the people powerless in Its
grasp, he and the whole money power
recommended that the silver dollars be
coined into subsidiary money-halves,
quarters and dimes, and if more than
necessary for this purpose, the balance be
sold at the market price of silver bullion
for gold, which is less than so cents on
the dollar.
In the meantime these priests of main
mon have secured law requiring $780,
900, 900, or I2e tons, of gold, to be held as
reserve" fund in the treasury to redeem
greenbacks when presented and when
thus redeemed placed away in a safe and
held as dead money, out of circulation
their place to be filled by national bank
notes-while the people are paying in-
terest on the same amount of bonds which
offsets this gold, and on these bonds the
banks are receiving national bank notes
from the treasury as twenty year loans
at Il per cent per annum interest, and
also receiving per cent interest on the
bonds deposited with the Treasurer
Good friends, who toll and MOL
through summers heat and winters cold
to make an honest living, do YOU ever
attempt to study out this swindle game
which the republican party has provided
for the money power to fleece you, while
you vote with the solid negro mass to
keep that party in power? Read this
statement over carefully and consider
well the ingenuity of the bunco game
which is played upon you by the money
power, assisted largely by the negro vote,
for they cast solid vote of not less than
two millions for the republican candidates
for Congress every two years, and these
congressman pass these odious laws.