People's Pilot, Volume 4, Number 14, Rensselaer, Jasper County, 21 September 1894 — U. S. BANKS AND BONDS. [ARTICLE]

U. S. BANKS AND BONDS.

Comprcbeafttve Outline ot the Infamous Sjritem. C Icajro F.xiirens. It is not of ien thatamoreeoncise presentation of facts are found than are contained in the following article. It answers questions which arise every day, and answers them so plainly that there can be no mistaking the meaning and intent of the words: What is a government bond? It is a document obligating the government to pay a debt as per agreement. In what way does the government bond efiect the national banks? By our present money system the government bond is the germ of the national bank? If the government bond is the germ of national banks, could the national bank exist without the government bond ? No, certainly not, as without the government bonds the national banks could never have been created on their present basis. Therefore they could have no existence. How is the government bond created? The government bond is created by involving the government in debt beyond its present ability to pay, and then issuing the bonds to secure a promise to pay. What, then, becomes of the bonds? They are sold, and as above stated, they generally become a germ by which s national bank is created. When the bonds become due what becomes of the banks? If the bonds were paid when due the banks could no longer exist. But if the bonds are prepetuated the banks may also continue. How are thp bonds perpetuated. They perpetuated by not allowing the government to pay its

debt^ But is there any object in perpetuating the government bonds? Yes Inasmuch as the national banking system has proved to be the safest method ever invented for the accumulation of wealth by money brokers it is to their interst to continue the national banks, therefore it becomes necessary for them to perpetuate the government bonds, hence the necessity to keep the nation in debt. Is it not to the interst of the people that the government remain in debt to continue the national banks so that the people can have a well secured circulating currency ? No, it is to the interest of only those dirrectly interested in money traffic that the present money system continue, as all others have to pay interest on the bonds to support their existence. Is it the interest on the bonds that financially embarrassess, the nation and causes panics? No. The interest of itself thought, enormous, becomes insignificant when compared, with the influence money mauipula- ; has on the business of the county. This power is given the

money brokers by the national banking system, as by it they at will regulate the amount of circulating currency and thus control the price of the product of every industry to the cost and detriment of the producer, the manufacturer, merchant, mechanic or laborer. In short, it cripples all our industries and causes money panics at the will of the money brokers that they may add to their wealth what others lose, and also create de mand for more bonds which, as shown above the present national banking sys tern can exist. While this condition prevails are not our people slaves to the money power? Certainly they are, for, as the word “bond” implies, all bonded

people are enslaved by the bond to the full extent of their subjugation to the bond and all its effects and influences. How can those conditions be avoided? One way to avoid such conditions is by government issue of sufficient non-interest bearing currency at par with metal money secured and controlled by the government; free coinage of both gold and silver at par value with each other and as proven by past experience, a ratio of sixteen of silver to one of gold is good enough. While present conditions exist is it to our interest to vote for and elect to office those who favor the present money system? Reader, answer this plain question for yourself. Synopsis. To create national banks, it is necessary to purchase government bonds. To purchase the bonds they must first be issued and offered for sale. To justify the issue and sale of the bonds there must first be a national debt created. Therefore, it is self-evident that by our present money system we are offering a reward for the financial destruction of the nation. Will we continue this, or ••vill we demand the liberty and independence inherited from our forefathers, is the question we are to decide by our vo?e at the polls. Dr. Parker. Woodston, Kan. If you have not yet procured one of those pretty watch case openers, get one from your jeweler, or send to Philadelphia. They are furnished free by the Keystone Watch Case Company. Besides making a handsome charm for your chain, they save your finger-nails and knifeblades. The Keystone Company is the largest of its kink in the world, and makes all kinds of cases, from the low-priced nickel to the most expensive solid gold. Its great specialty is the Jas. Boss filled case. Jas. Boss invented and made the first filled case in 1859, and many of the cases then made and worn since are still intact. Later the Boss patents passed into the hands of the Keystone Watch Case Company. which has the sole right to make these cases. Boss cases are known to all jewelers ss the standard, after which all other filled cases are patterned. All Keystone cases, Boss cases included, have the far-famed Non-pull-out bow or ring. It is the only bow that is securely fastened to the case, and can only be had on cases made by this Company. It prevents loss of the watch by theft or injury by dropping. These cases are handled by all jewelers, as the Company itself does not retail, The sweetest and most pleasant homes can be provided by purchasing one of Leopold’s South Addition lots at a very low price and on easy terms. A. Leopold, proprietor. Office at the ‘ ‘Model” store. Lakey and Sayler, the new bakers, are prepared to do all kinds of fancy baking. Give them a call if you are needing anything in this line.