People's Pilot, Volume 4, Number 34, Rensselaer, Jasper County, 16 February 1895 — "BLOODSTAINED GREENBACK." [ARTICLE]

"BLOODSTAINED GREENBACK."

The Only Salvation of the Common People from Bondage. ’ Had the government issued mo?';, through the banks and not direct to- the people, during the war, the bank would now be five billion dollars ri and of course -the people that muc" poorer. The banks see this and als see That in the next thirty years they must be deprived of five—billion dol lars profit if the government keeps it; greenback money in circulation. The calculation, is quite simple.. Money-a ten per cent compound interest ,w.iß double every seven and two-seyent years. There is now $2 ol greenbacks that have been cm’standing ever-since 1863—32 years ago. These greenbacks were printed- by the government and paid, out to the people the ■government-owed, and for army sup pllefe, They- were net issued to th? banks. They saved their amount in taxes or bonds. Had they.bet a Issue i to the banks The government-would rot ha.tl.oae cent by reason mt their issue The banks would have toaneff’them t ■the?people at an interest that would Have averaged at least ten per - dent. Three hundred and forty-six million? at ten per cent compound interest would be double that amount in seven and two-seventh years—s6J2,CoJ,Go . Six hundred and ninety-two millions at ten-per cent in seven and two-seventb years would be 1,384,0j0,000. Thirteen hundred and eighty-four dollars in seven and two-sevenths years w’ould be $2,768,000,000. Twenty-Seven hundred and sixty-eight million dollars at ten per cent in.seven and two-sevenths years would be $5,536,000,000 dollars Here are only four periods of seven ana two-seventh years each, or a total o; 29 1-7 years. The greenbacks,, however, have been in circulation ove; thirty-one years. Is it any wonder that the great bankers are making a desperate attempt tc have congress tax or bond the people tc destroy the greenbacks and then issue the money through the banks? Five billions lost by the money power by reason of the independent action of the government in issuing greenbacks in the last thirty years. is not at all surprising that banks are taking advantage of a friend in the presidential chair, to secure an act of congress retiring greenbacks. But is it not strange that the people are not aroused at the infamy of the proposition? What is the matter with them? Are they stoneblind from party prejudice? Are they unscious of the power of the ballot and indignation meetings? If the people would assemble at their various county seats and declare in no uncertain against the measure their mandate would be obeyed. We presume, however, that the reason of this silence is because the masses of the old parties are yet ignorant on the money question and the Populists are giving the money power'm ;re rope so it will break its neck/ —Mis 1 - souri World.