Year: 1868

National Banks.


Since the advent of the radical party to
power the finances of the country have been
managed in the interest of capitalists. Dis,
cussing this question, an exchange pertinent
asks: Why were national banks created? II
paper is to be made into money by simply
printing it with ink of 1ifferens coIors, why
is not the printing done by the government
and the profits appropriated to tighten the
burthen of taxation which is crushing the
people TO deathY Are national bank notes
more acceptable to the people Are they
more secure Are they less liable to fuctu-
alton in value Is the promise to pay in
greenbacks better than greenbacks them
selves? No one can hesitate in answering
these questions, for all must see at glance
that however great the difference may be be-
tween greenbacks and gold, there is an equal
difference between them and national bank
notes. Then why we're these banks created;
and for whose benefit are they kept up
There must be profit in them, or capitalists
would not have been so anxious to get into
them. The profit comes from the pockets of
the poor and fills the Golfers of the rich, and
the act of creating the national bank system
was of part with all mongrel Legislation,
which has universally tended to depress the
poor and to elevate the rich. One of the
objects accomplished by these national banks
is most manifest, and if the people like it
they ought to support the party which de-
vised the system. 1t forms a large and
powerful oligarchy which will support unto
death the party which supports them, and
furnishes a channel through which untold
sums of money may be used to carry elec-
tlons. One Of the principal objects of all the
acts of the mongrel party has been to per.
petuate itself In power, and this object is
never lost sight of, no matter what may be
the result upon the interests of the country.
Thus, all the reconstructed measures :"
which have kept the Union severed, divided
the people more widely, cost thousands of
millions of dollars, and now threaten the
whole country with civil war aud ruin, were
devised for the sole purpose of perpetuatiDg
the power of the radical party. Without
them, the Union would have been perfect
long ago, the country in condition of per,
feet peace and prosperity, aud the public
debt growing less, instead of increasing every
day. Yet all the interests of the country
have been sacrificed, the Union kept dissev-
cred and the ruin Of the whole country al
most brought about in order that the negro
may be voter and support the radical party.
In fact, we know Of no measure of this party
which has not had in view as the prime OBJ,
Ject the perpetuaton OF Its own power
Everything else is made to subserve this
purpose, whatever loss the country may suf-
fer, or whatever may be the burden upon
the people. The act creating the national
bank system is no exception to this rule.
1t Is, in fact, a thorough illustration of it
Millions upon millions of dollars are lost to
the government and gained by rich capital,
lists, without the slightest benefit to those
from whose pockets the money is taken, and
the real object is to give power to the mon,
grcl party. Ifthe people are SO blinded by
prejudice or fanatcsm that they are willing
to be made the victims of such outrages up
on them, let them continue to support the
party which makes distinctions between rich
and poor, and separates its own interests from
the interests of the country.