Democratic Sentinel, Volume 2, Number 38, Rensselaer, Jasper County, 1 November 1878 — National Banking. [ARTICLE]

National Banking.

1. Loan to tlie people’s Government $1,000,000 on twenty years’ time, taking a bond drawing 6 per cent, interest. 2. Hypothecate this bond with the people’s Government, stipulating that you are to receive regularly the interest the same as though you held it, and then borrow back $900,000 of the $1,000,000 at 1 per cent. 3. Open a bank, and loan this $900,000 back to the people at from 7 to 20 per cent., on three to six months’ time, on condition that the next day they will return it to your bank on deposit so that it may be reloaned on an average of six times a month. 4. Declare the 1 per cent, you pay for the $900,000 an outrage; get rid of it if possible. 5. Refuse to accommodate any man with loans who objects to your system of robbery.

There is a lawyer down East so excessively honest that he puts all his flower-pots out over night, so determined is he that everything shall have its dew.