The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1907-12-19

In the progress Of his crime against |
the people was the contraction OF the
money which must measure all values
when the coDspirators compel the
payment Of debts. The business OF
the country was Inflated till every
debt paying dollar was burdeneo
with 6ye-bundred- fold duty. IL IS
conceded principle OF economy thai
one nimble dollar will pay five dollars
In debts without being burdened
with usury but the imitation OF the
business Of the country one hundred
fold insures tribute to the bankers
that must result In ruin.
The conspirators 10 the present
financial tragedy collected over 5000
OOO,0o0 OF the peoples money In the
Wall street vaults by the power that
was given them by the hest imam
cial system In the world and then
deliberately demanded that the peo'
pie pay their debts-demanded a
physical impossibility. Nothing but
money will pay debts in Il panic ad-
justment, and the money Is cornered
at this time. The bank trust refuses
to surrender any portion OF this
boarded money even to the rightful
owners, so imprep is their cor
ner on prosperity.
| While the bank trust held 5000, O00,-
900, wrongfully from the channels OF
commerce the government held over
5000, 600, 900 as cash reserves, and
surplus, besides $500, 900, 600 in silver
coins, which sum Is held under the
false pretext that 1t may be required
to redeem the silver certificates
which are boarded with the gold and
silver, the money that rightfully be-
longs to the people at large.
The administration loudly pro-
claimed that the government heard
would be placed In circulation at
once to meet the demand for debt
paying medium. The facts are that
this vast sum was turned over to the
bank trust exclusively, to the very
men that were exacting ruinous
premiums on the money they were
wrongfullly holding from their depos
itors. This government money gave
. additional power to the very men
who we're promoting the panic to en-
. able them to exact premiums on theil
boards of money The effect was tt
Iclt n tp IN moi,
relieve the stringency where thu
legitimate business man was inter
! ested. The government money dit
II aid the Wall street gamblers whit
]. were associated with the banker
T. trust. This crowning act of th
j. conspiracy was consummated with
l. blaIe OF trumpets that proclaimed
70 blessing for the people, when !
W was lending additional power to
J. public enemy.
20 The government has done nOthin
D. effective to relieve the financial stu
8. alton, when IL was as we'll within 1t
re province to afford instant relief as
IN was to aid the Wall street gambler
n and the bank trust. II the surplr
I'd of three hundred million dollars ha
,h been placed where 1T could have bee
I'd used to pay the debts that the tru'
Is was exacting, the only place that
he could have done legitimate business
n the act of placing 1t there wou
lily have broken the corner on money al
he ended the panic at once.
RS There Is not financier connectt
ire with the administration who. do
nd not know that the proper use of Il
Ike government surplus would ha
es- broken the money corner and Civ
ny instant relief Instead OF makil
,ss honest use OF this public fund 1t W
III thrown into the hands of public e
5 a emies to give them additional pow
lid to Cypress the people.
IDS That Roosevelt issue OF certiicat
lue of Indebtedness bearing three +
OF. cent interest to the amount OF $40
nat 900, 900 was never intended to deft
It's the purpose OF the bank trust In t
all ecort to Cypress the people. The
not sue never promised TO release any IL
Ise. money and start 1t In the channels
,rS, nade. That issue was for the excl
to i've use OF the bank trust. BY pl
re- ting up $25. 900, 600 the trust receiy
hat the whole 800, 900, 900 In bonds dra
ght ing three per cent interest.
This Is twelve per cent on
the money actually furnished, as the <,
It's eminent Is pledged under prom
ugh to deposit seventy-Hve per cent
nth the amount paid In the banks VIII
and purchase the bonds.
, as And this Is not the extent of
steal under the terms OF the consI
nar. acy. The banks which purchase
aho bonds with public funds are auth
ONE ized TO issue currency to the amo
ther of $4,000, 900. On this issue
ates banks will exact usury. The COVE
Their ment siil deposit with the trust 5
hich 600, 900. On this the trust will eS
for usury. The government will pay
lnes terest on It's own money to the ii
has TO the amount OF three million dol
her during the year. This transact
sctly gives the bank trust the free use
I'd a eos, 600, 900 for one year and increj
able the power TO perpetuate TIE pani