The labor argus. [volume] (Charleston, W. Va.) 1906-1915, 1911-07-06

SSSP "'opPSiS LOE IL OutlS.
For the first time in the his.,r.
Oh our nation the counterfeite- IA.
quil cover. Heretofore he had y.5.
suiity' worked in secrecy and feared
the law 1t Is no longer 50. Tha
counterteiter is now the cock o. tha
walk. ne wears silk hat ami CON-
iers with the government Officials
After the 1907 panic the r,.snon,
national bankers decided they r.,,.r,,
ed an AN asset currency in H.
business. Then money market ,,...
to be made more elastic" aus H.,
Good Man Friday Aldrich SAN 80
IL that an asset currency bill wss
passed.
THIS deadly bill gives tho nail,
crS the power to expand or Cont~,,
the currency to the extent OF s50n
100000. 1t gives them the povar
to send prices up or down. |, pivas
them the power to send bankruDtrv
and panic stalking throughout iha
land whenever it is TO their adysD-
tage to do it. 1t surrcndrrs n
them the right inherent and un,lmit.
ed that all governments have ALWAYS
had. /. e., the right of creating
money.
THIS BILL ALSO ALLOWS THE
BANKERS TO ISSUE MONEY ON
WATERED STOCKS.
Think OF Morgan. Ryan. Belmont
and othe atriotic financiers pouring
millions of dollars of watercd stock
INTO all sorts of railroad and corner
alton bonds and then as national
bankers issuing watercd currency On
the watered stock.
let Us make this clear to ynu
Banks may hold railroad or indus,-
tr.al stocks may deposit them III
the COVE nment and in return ,e-
ce:ve 9S per cent OF their face value
in currency secured by Unit,o
States bonds or CHER securities
Don't o'erlook the "other secrI.
ties" The banks do not cease to be
owners CT the stocks and bonds, h,.t.
on tie contrary, receive interest and
ci.idends just as though they wers
locked in the safes of the banks
owning them.
Would:'t it be fine if you could
deporit the deed to your farm with
the government and be allowed to
enjoy all revenues from it while at
the same time receiving the fun
value of the farm in ready cash?
That Is exactly what the bankers
are doing with their stock Their
railroad and industrial stock is high
ly watered. 1t may only have 800
of actual value. yet they issue secur-
tiles against it to the amount of
$1,000. The Aldrich-Vreeland as
set bill allows the bankers to deposit
these worthless securities with the
government and then to duplicate
them in asset currency.
1t is without doubt the most gil
Santic steal aver engineered by ras-
Gals.
If ]. P. Morgan Thomas F. Ryan.
John Rockefeller and men of that
type think that there is no act of
plumber to which the people will
not submit they are making for
themselves a fools paradise
Under this law the money power
can take the asset currency. buy
more watered stocks whenever It is
desired to float new trust, then
deposit the stocks and get more
money, thus repeating the act in
definitely.
Old Man Peepu1 is allowed to
amuse himself with reciprocity and
the tariff, while he is being bound
hand and foot by the most damna-
'ble system of plumber ever conceived.
The next time a Socialist gets IN
and tells you that the individual and
private control OF money must be
destroyed, howl him down at once.
Don't let the nation issue its own
money. thus taking away the power
of the bankers.
That's paternalism, and 1t smells
bad. 60
Let the national bankers issue
their fake money. Let them food
the country with currency based on
air. Let them have the taxpayers
money without interest. That's
craftsmanship, and 1t smells as
sweet as June roses.
That's what the safe and sane
Cabinet officers, Congressman and
editors tell you. You believe every
word of it and vote accordingly.
The bankers have picked the bones
of the people clean for so many
years that naturally they resent any
interference with what they consider
their lawful business of devourlns
the race.
Their deadly principle OF lNTLh-
EST does devour a part OF the hu-
man race every year. The editorial
quoted from the Bankers Magazine
states their position correctly. heF
mean to enslave the people with tH'
help of the peoples money.
,R,,t tho Socialist marty will KNOCK