Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1910-02-11
Another Scheme for Capitalization.

Los ANGELES, Cal, Fcu. !, 1910.
Ep. STANDARD:
wonder if the fool people are go
ing to allow themselves to be Nick
Blddlcd again? II such capitaliStic
pushers as Aldrich are allowed to
have their way, grand central bank
will be- the next scheme. and the
final scheme, of the plundererS to
paraiyzc the liberties of the people
| notice that Mr.. Taft also advocates
the scheme. which no doubt explains
the sudden collapse OF Wall street S
opposition to Mr.. Taft's nomination.
The great fn0act0s are not willing to
risk delay. for the next Congress
may be Democratic, and the Demo
Gratis remember what Nick Biddlt
said to Jackson when Jackson said
he would veto q bill for re re-chartering
the United States Bank if it was
passed. Biddle replied, That it,
the bank, could elect or defeat Presi-
dental candidates" and the hero of
New Orleans replied, by the eter-
nal that if it could, it had more power
than it ought to have and more than
he was willing for it to retain.
Those sc0undrel money manipulators
think the Republican party will tol-
crate anything and Judging from the
past, they are pretty near right.
What would be the result of a CEN
tral bank ? 1t would destroy all in
dependence in the banking world.
With great central bank, all COM
petitOrs would become timid lackeyS,
afraid to offend or do anything that
would displease the officials of the big
bank; the money would be gathered
up at the extremities and poured
into the commercial centers just as
the protective tariff takes the money
of the consumer and pours it into
the Golfers of the protected manufac-
turer. The depositors would soon
find the interest reduced on deposits
and the bank would increase its
profits from both depositor and bor-
rover, for there would be no cOmpet-
itor who would dare to pay more or
charge less than the central bank,
and finally we would be completely
Nick Biddled" " Who are the men
that are favoring this scheme of
shackling the American people ?
Are they Democrats or Socialists ?
| guess not. They are dyed-in-the-
wool Republicans. If a Democrat
would endorse such a damnable
scheme he would be kicked out Of the
party. 'Tis true we had a few rene
gade Democrats in the Senate that
voted with the "stand-patters' on
protection, but Democrats of that
class are rare birds and deserve to
have their feathers plucked.
But of all the cuSSedness of the d.
o. p. there is slight ray of hope
that it is not totally depraved. Re
Gently the Standard Oil octopus lost
its tariff on oil and the Steel Trust
came near losing its tariff on iron
ore The votes of the renegade DEM
ocrats is all that saved 'em. The
new telegraph and telephone merger
is giving the people a shock, and the
demand for ship subsidy is making
the people sit up and take notice.
After all they may put the last
straw on the cancl'S back" and then
there will be something doing.
There is such Il thing as too much
Johnson. :" If there is any truth in
history, France and Rome had a lit
tie experience in that line. \ chii,l
will learn by experience Why not
adults ? Knock the central bank
scheme if you love your liberty.
J.C. Coz.