The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1915-09-24
Protest Is Entered
' s's.4lC Citizens AT Meeting
From, Tuesdays Daily.


against the loan of money by Ameri-
can capitalists To the Allies engaged
in the European war. public meet
ing was held last evening in the Sons
Of Herman hall. Carl Dethlof pre-
sided August BIissenbach was see
Ietary. About a hundred were pres
Cnt Chairman Dethioff appointed Oh
the committee on resolutions Rev
Carl Kruger. Arthur Schaub and
William Popken. The resolutions were
presented by Mr.. Schaub and, were
adopted They were as follows:
BE IL resolved by the meeting here
assembled:
That we are opposed TO the loanine
NJ any money to England or France
by any Of the banks of this country
except upon valid and sufficient Sc
curity. and that we are especially OPP
posed to the leaning of any sum by
such banks upon unsecured govern
ment bonds OF either of such countries
for the reasons hereinafter more fully
set forth.
We contend that the funds of such
banks are largely made up of the saw
iugs Of business men. farmers. labor
ers. widows and orphans of whom
nearly all are citizens of this country,
and VIC are opposed to hazarding the
savings OF these people by our banks
upon any securities which are OF very
doubtful value.
In proof of the fact that the bonds
Of England and France are Of very
doubtful value we cite the following
facts.
One. Il must be admitted by all
that the war now unfortunately wa%-
ing throughout most of Europe has
strongly gone against these two coun-
tries. end that their chances of VIC
terry ut the present time are insignia
cant 10 say the least.
Consider Bonds Doubtful.
Two. That the said bonds are
considered doubtful by the money
holders of these very countries Is
proven by the facts that the money
holders OF thcsC two countries are
sFpp'iCal Themselves Of accepting
them that these moneyholders are
hold ng large American securities
themselves which they are firmly re
solved not 20 let 20 Oi even Tor the
purpose Of establishing the foreign
credit Of these countries. ard that
these s1me moncyhUlders refuse 10
guarantee the attempted American
loan ny offering these American Sc
crri.ins as collateral.
Three. English and French tinan-
Gers by their actions declare these
bonds not good enough for themselves.
but say they are good enough for
Americans.
1t = ccn:ended by the advocates OF
this loan that 1t is 10 Ire used for the
this country by England and Frame
so that orr peace loving Ameri-
can citizens arc not only expected
TO approve of the manufacturing
o! wa munitions in our country and
their sale il Europe Ia prolong
the terrible war. but the hmerican
people are audaciously asked 20 jcOE-
Grdizc the savings Of our people that
payment may be made for this netar-
ions business strongly disapproyed OF
by all Of our best citizens.
Doubt Claims Made.
To the claim made that American
industries would profit in some way
through such loan. we confidently
answer: That if left alone American
Industries can take care of itself.
without EIiiand's kindly guardian
ship. and that If American industries
have suffered during this way tho
only reason therefor are the Illegal
acts .! England.
One England by It's Illegal block
AIDE system has prevented our country
to expert our goods To German ports
infiicitinE millions Of dollars OF DAM
ages upon the food exporters of our
country.
Two. England has prevented
cur country from buying goods OF any
kind from Germany Gripping the i'm
porting companies OF this country.
"Threc. by this illegal. piratical
and audacious act England has fore
cd us 20 resort To a war tax. which
has cost our l.tizcns millions Of doll
ars
-Four. England has prohibited
us from selling goods To lin" neutral
nations OF Europe without her per
mission. her permission being Deepen
dent upon her judgment whether
these goods could by any possibility
get to Germany.
Charges Against England.
Five. England Coniiscated for
her own use goods shipped by us TO
neutral ports, because there might
have been a possibility of these
goods reaching Germany.
six. England has shipped 10
neutral ports herself goods far in OK
cess OF ordinary normal amounts.
Seven England claims she has
the right to purchase our goods al
her own price and OH doubtful credit
American goods 10 be sold at her own
price TO other countries for good
gold.
In the making Of this loan Erg-
land has relied mostly upon cheap
sentiment carefully fostered by her
self for commercial ends for many
years. According To this false scnti
mental view England is an especial
friend and guardian in whom we may
blindly rely. The fact of the matter
is the very opposite. Every true
student of England and English policy
knows that England's true policy is
the destruction OF American union
the greatest English authority Nc
Carthy in History of cur own times"
Why Loan Is Defended.
This loan is defended because IL
Is stated that England desires to use
some of this money to buy cotton.
England Tin direct violation of inter