People's Pilot, Volume 3, Number 3, Rensselaer, Jasper County, 7 July 1893 — Page 4 Advertisements Column 1 [ADVERTISEMENT]

The gold basis system is getting a black eye all over the world. The recent bank failures in Australia, where they have a gold basis, involved SIOO,000,000 of capital and $440,000,000 deposits. When a man borrows a bank note he pays interest on what the bank owes him instead of what he owes the bank. Nice scheme, this national and state business. “Best banking system in the world” —for the banker.

Between their promises to the people and the demands of Wall street the Democrats are in two pecks of trouble. As it is easier to fool the people, however, than to fool Wall street they are bending their energies in that direction.

Look out for “a restoration of confidence.” Congress meets the 7th of August. For the first time in thirty-two years, the legislative branch of the government will be under Democratic control, but the people will see no change for the better; the money power will have its way as usual. Before the election it was “repeal the McKinley Bill,” and silver was not an issue. Now it is “repeal the silvet (Sherman) law," and the tariff is not an issue. The politicians have got a true bill against the people for being fools, and if the people are not careful they will be convicted of the charge.

Says the Farmers’ Tribune: “Every boy born into the world, in this ‘land of the free and home of the brave,’ is saddled with a bonded debt of £I,OOO upon which he must pay interest all through life.” ‘The borrower is slave to the lender.” We need another Abolition party to abolish this other form of slavery and the People’s party will do it. What is the matter with the democracy of this county, no appointments from here yet and Cleveland has been in four months. When the Harrison administration was four months old four of the faithful of this town had received government appointments and every Democratic postmaster in the county, except Bates, were ousted. Cleveland is not so good a civil service reformer as Harrison.

The recent bank failures have been caused either by mismanagement or the inefficiency of the system. The old party papers are saying it is thi’ough mismanagement. In either event it only shows the necessity of a government banking system. We have dishonest post masters and mismanagement of post offices, but the people never lose anything thereby. Put that in your pipe and smoke it, and while you are smoking do a little thinking and you'll soon favor a government banking system. Railroad attorneys and owners charge that the demands of organised labor are unjust and foolish, yet these same corporations charge more for’ a short haul than for a long haul and make other discriminations. Now, what is more foolish and unjust than to charge more for a fifty mile hauj than a hundred