The record. [volume] (St. Maries, Idaho) 1913-1918, 1913-08-12
McHdOO Offers Money 10
Break the Banking
Conspiracy

Capital News. Independently
In many quarters there is
disposition on the part Of the
banks to restrict Legitimate ored
It's. There Is nothing In the
situation to warrant such
= course. The bankers should not
put undue restraint on bust
ness There ls not
going to be any financial trouble
and the large crops now 10 pos
pect are going to be moved with
out difficulty; aud the powers OF
the department will be exercised
In their greatest amplitude for
the protection of the business
interests In the country.
The above statements are from Sec
rotary of the Treasury MoAdoo. who
is just engaged In a supreme struggle
to determine whether or not the gov
ernment or the great banking inter
ests of the country are the greater
It is life aud death struggle. Eth
er the government will win and live
or It will lose aud gradually the life
will be stranRled out Of it
Il Is a mighty struggle. Evident
~ the secretary of the treasury is
aware of this fact. II he is not, all
he needs to do is to look back only
few years to the time when President
Roosevelt Was engaged in like
struggle. Then as now the banks Of
New York tied up the money they
owed to the other banks and the other
banks tied up the money the people
should have. Then, all the "money' u
the people could get was "shin plas
ters'' or promises to pay from the
banks aud clearing houses. Now.
the secretary Of the treasury says we
shall have real money and the banks
pay for IL. Then, the banks threat
ened to crush business, paralyze In
dustry and bankrupt the government.
Strong as he was, vigorous, intrepid,
brave and determined, yet Roosevelt
either surrendered or was deceived.
We believe he was deceived. And
the banks got what they we're after
monopoly of the iron sud steel
business aud the crushing OUT Of all
independent opposition.
Now
Well, who knows what exact
nbjeot Of the banks Is or whaf le re
suit may bei
We believe we know that TIC banks
are serving notice on the nation that
they will run this government just as
the derlrs to run tin behalf of
special interest and themselves.
The secretary of the treasury has
sounded a warming to them with de
oided emphasis that there is no ex.
cuse for What they are doing and that
nothing but criminal conspiracy can
bring about what they have already
brought about partially aud what
they intend to bring about fully, If
permitted.
He has gone over the heads Of
these big bankers and today is saying
to the smaller bankers Of the coun'
try:
"You need no longer look to the
big banks for the money you need for
business purposes in your section Of
the country. The government today
sets aside $50. 900. 600 and you may
draw upon this, furnishing the gov
eminent az security the government
bonds which the big banks have
been beating down to a discount but
which will be accepted at their par
value, or you may furnish the gov,
eminent any security that your clear
ing house will certify is good. More
over, the government will charge you
only per cent interest for the use
OF this money and will permit repay
ment on the easy payment plan. -
Il now only remains to see whether
or not the little banks of the country
are so tied up 10 the schemes and
plans Of the big banks that they will
refuse to accept the additional money
rendered them by the government.
We very much fear that the con-
spiraoy entered into includes so many
banks which are resolved to crush the
government which has made them,
that they will not even take this
money offered them.
Let as hone Secretary MoAdUo will
prove equal to the meeting OF any
emergency that these criminal con-
spirators against the peace and pros
perity Of the land may bring about.