Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1911-05-01
SYSTEM is BLAMED.

The real trouble in this country TODAY.
which causes the general unrest and the era of
crime at present prevalent, is, according to
Goodwin s Weekly, the "system'' Commenting
on present day conditions that paper says
We think it is fair to say that there is more
political unrest in the United States than was
ever known before. There are more shocking
crimes recorded daily than ever before The
reasons are that the business of the country is
disJonted. The amazing spectacle is presented
OF the banks III the east bursting with money
and the business OF the people in every state
depressed. Men ask the reason and wonder why
1t Is so when in truth the seems plain
enough. The financial system of the land is no
system at all. 1t is what might be expected as
the result of the planning of inferior men pos
sessed of large fortunes who have no higher mo-
tive behind them than to get the largest posi-
bic interest on their money
The welfare of the country was never in
their thoughts Rather the thought has always
been: How much of the annual savings of
the country can we draw to ourselves?"
Eastern papers and magazines are filled with
advertisements Of loan companies offering bonds
for sale and solemnly averring that the bonds
will certainly pay from per cent upward. They
are selling those bonds on commission When
they take them it is on contract to sell them
on commission of from 2 to 10 per cent If
they can sell 100000 of such bonds in day
and draw down $4,000 III commission, that means,
at the same rate more than 81 100000 year
and they are out nothing but Office rent, lights
and clerk hire But present a legitimate bust
proposition to them and they will reject it.
unless it is some tremendous enterprise, the prof
its of which are to be counted in millions This
really places the financial direction of the affairs
in the hands of some few pawn-brokers in New
York City.
And it is all due to the system The business
OF the republic at large Is i'll their grasp and
,,,ao ,,I 49,. AZ
get the most interest for themselves, there is
depression and apprehension everywhere
Our national banks were dictated in the
stress of a great and doubtful war; dictated by
men who had hidden their gold and it was
founded the Understanding debt Of the
country The last gun of the war was fred
more than forty-six years ago, but half that
debt Is still bearing interest; the people are
paying the interest upon it, and the intention of
those who drawing that interest is that
they shall continue paying that interest forever.
Since then our mines have yielded more than
1000 millions Of gold; the yield from factory
and field has been almost inestmable, but those
bonds run like the brook, forever, and the
amount that the people have paid in interest
would buy any empire earth. save two And
still men cannot, on the best security, borrow
money for legitimate purposes, and the natural
result is decentralization in business, in politics.
everywhere. In the meantime the ports, behind
which toll one-half the world peoples, by
our own Legislation have been closed against our
products By and by, and before very long, the
people will be demanding why so rich a nation
as ours; why so industrious and leveI-headed a
as ours, should be placed in position so
ings of things. Then there will be great
ing of things. Ahen there will be a great cen
trail bank there will be reduction of interest
then money will cease to be the debating force
in our republics money will become an nstru
ment and to be god, and there will be
such an increase in money, that will be avail
able that there will be enough to carry on the
country's legitimate business in business-like
way