Sequachee Valley news. (Sequachee [Sequatchie], Tenn.) 1896-1952, 1911-01-19
W H 0
Is To Blame?

Last issue l talked of the Nationa
Banking System, and now want t.
tell you where we got it.
In the year 1852, the capitilists o.
Europe saw that the war of the Sixtie
would cause a great debt and they
hailed the event with delight for her,
is what they gave to the capitalists o.
this country, viz:
Slavery is likely to be abolished il
your country by the war power, anG
chattel slavery destroyed. This, anG
my European friends are in favor Of
for slavery is but the owning of labor,
and carries with it the care for the la
borer; while the European plan, leo
on by England, is capital control Of
labor by controlling wages. This car
be done by controlling the money. The
great debt that capitalists will see te
it, is made out of the war, must be
used as a measure to control the vol
ume of money. To accomplish thit
the bonds must be used as banking
basis. We are now waiting to get the
Secretary to make this recommends
tion to Congress. It will not do to al.
low greenbacks, as it is called, to cir
culate as money for any length Of
time, for we cannot control it,"
The Secretary was willing tool and
soon recommended the above, and on
March 25, 1868, the National banks
were created by the republican party
by charter which expired March 25,
1888, and the democrats had learned to
love it by this time and so their votes
in Congress rechartered the hellish
scheme or conspiracy which was con-
ceived in sin and destined to rob the
people of their just rewards by being
empowered to put price on labor. 1t
was simply nnion between the devil
and the money gods of Europe and
America.
Dear reader, don't fail to read this
circular which the moneyed gods of
England sent to the moneyed gods of
this country. Read it again and
again, paste it in your hat and pound
it into your neighbor's "noggins', for
it foretold the damnable, hell-bound
system which is robbing the American
workingmen of all they produce ex-
cept just enough to enable them to
raise another to take their places. In
stead of freeing the African slaves, it
enslaved both white and black, and
verify believe sixty million of our peo-
pie today are slaves and the hard part
of it, we don't know it.
l want now to give you a problem
to solve, illustrating the national
banking system which the money gods
of both democratic and republican and
their puppets tell you is "the best
banking system the world ever saw. !"
Please take off that old party collar
which you have worn so long, lay it
on the shelf, now have your wife
pinch you to see if it is yourself or
your bosses monkey or ape.
If you say this is you, I will proceed
and we will take the building of the
Panama canal, might take anything
else, but this is big steal, and wheth-
sr you know where it is, has nothing
TO do with your understanding the sys-
jem.
"Our" government contracts with
Uncle Tom" to dig this canal for
;hree hundred million dollars, and no
money in the treasury (banks control
t ally. So the government issues
-million-dollar bond (the
,eople's note) bearing four per cent.
interest to enable him to start work. |
Now he needs the cash for his bond,
md he carries it to Mr.. Morgan and
ellis it for one hundred million dol
ars. "Uncle Tom" proceeds to dig
he canal and Morgan proceeds to
Washington with his bond. He pre-
ents it to the Secretary of the Treas
Try, and receives six months interest
n advance. That's only two million
interest in gold. Morgan says, Mr..
Wdhb LILO SoSA VA UhC
,ond, and he receives one hundred
lillion dollars of bank notes. That's
retty good for in six months he will
eceive two million dollars more in
old in interest. Morgan goes home
nd "Uncle Tom has spent his first
nd the government sends him another
ne hundred million dollar bond. Nor
an cashes it with his bank notes and
resents second bond to the govern
lent for cash and receives one humid
I'd million in bank notes and two in
old. Returns and is ready for more
onds. "Uncle Tom" receives his
lird one hundred million dollar bond,
Ills it to Morgan, who delivers it to
le government for cash and receives
,e hundred million in bank notes and
70 million in gold in interest.
Now, boys, get your paper and PEN
and let's see about this:
Uncle Sam let "Uncle Tom" have !
st bond of 800, 900, 900, bearing 4 ]
n cent. interest. He sold to Morgan |
r f1OO, 900, 900. Let's try to see what |