The Llano colonist. [volume] (Llano, Calif.) 191?-1937, 1922-09-16
Hard Boiled ( acts
BY D. z. Braneh. ssaIEoEd. DE-.

sAAsss 49, lScSa0e@Ay Ae4eS GA12 AAASAGNVT
ing. When we compare our entire vol
ume Of currence to the above authori-
tative declarations. We grasp the fact
that banks are drawing revenue from
about 35.000.0 600, 900 imaginary dol
lars that have no existence IN fact and
that Tom. Dick and Harry. the public,
are paying interest many times com
pounded on every dollar in existence.
The volume Of these debts is rapidly
increasing. Dow Jones is quoted as
saying that in July new corporate Sc
curities amounting to $243, 100000
were issued or at the rate of about 3d.
900, 100000 per annum. Fifty years
ago the great majority Of our citizens
were land and home owners; to-day
more than IS percent of them are Iiv-
ing in mortgaged and rented homes,
caused solely by debt and interest. Our
lying editors and officials called that
fifty years an era Of unexampled pros
perity. Senator Capper and the farm
bloc propose to extend to farmers
easier credits, sink them faster and
faster into the slough Of perpetual debt.
Seer. Mellon is quoted as saying that
during the past fourteen months the
public debt has been reduced nearly
l$2.000,000.000. The public debt is
what we ALL owe, at least $350,000-
100000. Seer. Mellon knows there is
not word of truth in his statement.
Since April, 1917. the government has
not paid out single real (gold) dollar
on internal debt. Seer. Mellon is now
swapping $475. 100000 of new debts
for old. Our circulating medium dur
ing the war. was Understanding debts.
The government would borrow the
debts from the public, pay them back
for labor and supplies and then borrow
them again. 1t is still repeating. The
Public" occupies the anomalous posi-
ton Of paying to few of its members
interest compounded at least quarterly
ON debts due to itself. The public debt
has not been reduced single dollar in
fifty years. Banks, Standard Oil, rail-
road and other corporate unions issue
to their members perpetual interest
bearing debts and collect from the pub
lie interest, profits. dividends, high sal
aries, lobby and advertising fees, for
Improvements, extensions and operat-
ling expenses. For half century we
have been paying increasing interest
charges with new debt issues. For fif-
ty years we, the public, have been pay
ling compound interest on railroac
debts. During the past fifty years WE
have paid to members of the Railroad.
Stockholders Union over $300.000.
100000 in interest alone, while thu
principal is rapidly augmenting. The
system of exchange that created the ex
listing social crisis cannot relieve it
tension. We must recognize the trutI
and eliminate the cause. Our serv
ants ~, officials, are dictators anc
despots and sovereign (2) citizens mus
honor despots and thieves with falls,
praise or keep their mouths shut. To
day we need Lincolns, Phillipses, Gar
risons, Lovejoys men who hate lie
and will tell the public the truth.
As reported ii took $8,3OO,OO0 t,
nominate and elect Warren G. Harding
That vast sum was paid to brilliant ed
: itors and spellbinders TO deceive tn
public. Ninety-five percent Of our vol
: ers never contributed cent to tina
campaign fund, never lured anyone
never bought anything. are entitled t
) nothing. but will get it in the neck whel
; the chicken got the axe. Mr.. Hardin
is president Of. for, and by the INTER
! ESTS, first. last and all the time; tn
courts. ditto. Lewis, Jewel. Plumb
Gompers, Gustafson. Howard, ct a
$ must know that any commission o
which Harding appoints the balance G
: power will give productive industry til
? dirty end Of the stick every time. TIL
fact that during our ! 40 years of ma
! tional existence there is not a singl
7 instance Of record when troops wer
ordered out and men were deputize
!. and armed to guard the interests c
agricultural and other labor, is proc
e IirrefutabIe of the truth of my charge.
5 Energy Of human brain and Drawn, Il
Dor. creates all commerce or bushes
I loads all trains and all ships. feed
clothes and houses all nations. Durin
E the world war Labor furnished AL
? : food. supplies and equipment. and {
I least o5 percent Of all fighting force
e The loaves and fishes stolen from il
: dustry in this and other countries. tai
: len by force. were given to the Smcla
4 Toll Co., Chemical Foundation Co., av