The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1915-09-24

| be quietly forced 70 pay Part Of Eng
lands war expenses In return Tor her
own kindly. though Involuntary trns-
teeship of our country. ~.
1T Is argued that some of the
money would be used to buy Ameri-
can wheat This statement Is held
out as bait To the great Northwest.
The American grain market Is not suf-
fering on account of the lack of Eng
lish money II Is suffering because
England has unlawfully blocked the
grain markets of the world for her
| own selfish ends. To block our mar
kets and then to offer US cheap paper
| for our grain seems to us the height
of English impudence. The true rem
| edy is not donation to England but
an insistence on our own right.
Another Reason Given.
1t has been suggested that II Amer
| lean banks would invest in English
and French bends the federal reserve
banks would rediscount this loan. II
! the Americans federal reserve banks
have been created for the purpose of
assuming all the doubtful paper car
ried by our American banks (which
the banks do not feel safe enough TO
care 10 keep such O course might be
logical But II the federal reserve banks
were indeed created for the purpose
rs we have been told to give stability
and solidity to our American banking
system then indeed such n course Is
the voluntary suicide of our American
banking system. II is certain that
such a course is n serious breach of
neutrality. but what is worse Is that
il would be the height of folly and
crime tn ruin our splendid American
banking system for the purpose OF
paying England for her kindly" in
terest I'm our affairs Indeed il must
be admitted by every American Citi-
zens that II our banks make this loan
the confidence of our citizens in our
banks will be greatly impaired. and
il will be completely destroyed If the
federal reserve banks are involved In
the matter This will be not so much
OH account uf the amount rs the urin
ciples involved Banking confidence
is based not upon dollars and cents
but upon immu;ible principles of same
conduct. Interference by the Govern
ment Reserve banks will prejudice ev-
cry bank in the United States wheth
or holding English bonds or not and
will prccipitatc the greatest panic i'm
American history.
Claims Il Is IN Americarism.
In conclusion we object to this loan
because IN every respect as We have
shown II IS contrary 10 the principles
Cf true American policy. Any help
which this loan NAV give 10 a.belligcr-
Cnt nation initiates against the true
interests ur our country. We believe
tina! the one great principle that will
make our country great. prosperous
and respeC ted is the principle OF a
Free Sea"
We condemn every nation that ut
tcmptF illegally tn deStror our COM
mc.cn. our industries and our trade
We condemn the unlawful conditions
that have forced this country TO ro-
sort TO war tax in order to meet its
operating expenses We hel'evc that
both IA times Of war and times of
rcaCe the markets of the world
should re open to our grain which Is
tho wealth of cur northwest. and -
our cotton. the wealth of cur soUth.
We condemn rs utterly TN American
and -n"ut'al every attcrmt TO aid
any teliigerent country. We hereby
declare our utter condemnation Of any
act that would nlace MS at the foot
stool of any foreign nation. and we de-
clare our unaiterablc and eternal low
2lty TO the great principles for wsch
our forefathers shed their blood. q
free sea. the open markets of the
world. the recOSnitiOn OF our lust
rights on land and sea"