People's Pilot, Volume 4, Number 37, Rensselaer, Jasper County, 2 March 1895 — "BLOODSTAINED GREENBACK. [ARTICLE]

"BLOODSTAINED GREENBACK.

The Only Salvation of the Common Pen pie from Bondage. Had the government issued mono; through the banks and not direct to tin people, during the war, the bank would now be five billion dollars riche and of course the people that imu: poorer. The banks see this and als see that in the next thirty years the must be deprived of five billion do lars profit if the government keeps it greenback money in circulation. Th calculation is quite simple. Money r ten per cent compound interest wi double every seven and 'two-seveut years. There is now $3 4H,000,000 c greenbacks that have been •outstandin; ever since 1863 —32 years ago. Thef greenbacks were printed iby the go ernment and paid* out to thja people th government owed, and for army sup plies. They were not issued to th banks. They saved their amount i taxes or bonds. Had they been issue to the banks the governmeS t would no had one cent by reason of their issui The banks would have loai led them t the people at an interest that woul have averaged at least tern per cen Three hundred and forty-t ix million at ten per cent compoim d interee would be double that amou :it in seve. and two-seventh years— ■’ ,X>,l2, 00,00 Six hundred and ninety-twc millions a ten per cent in seven and i two-seven years would be 1,384,0 )O, OCX ;. Th r.e hundred and eighty-four dollars seven and two-sevenths yva rs would l $2,768,000,000. Twenty-sev on hundre and sixty-eight million da lars at to per cent in seven and t’ /o-seventli; years would be $5,536,0 0, )00 dollar. Here are only four periods < <f seven ar.< two-seventh years each, oi • a total o i 29 1-7 years. The greeul jacks, however, have been in circa Jation ove: thirty-one years. Is it any wonder that th« great ban - ors are making a nesperatls attempt i have congress tax or bond t be people to destroy the greenbacks ai| i then issue the money through the Inn ks? Fi e billions lost by the momqy power by reason of the i:,de;itnden . i iction o.’ t! e government in issuing gw senaacks in the last thirty years. It 3 s nut at all surprising that banks me taking advantage of a lriend in the* presidential chair, to secure an act oi tx ogress retiring green La ks. But is it rut stran e t • t the people are not a.mmsed at the unarny cf the prspc dtion V A/hat is the matter witm them Are. taey stom.blind from p"rty projudi.3t t! Are .he, unscious of the power of tn e b.t■ lot ai d indirnati .n meetings? if the people would ai senile at their vaj ftous county teats and dec:ar > in :.o ui die tain tons’, against me measure ti\<4fc mandate would be obeyed. We presume, however, dli.it the reason of th:3 silence is teem* * the masses of the old parties are y * t i .norant on the money question ani : Ue Populists are giving the money p w..r m n rope so it will break its j.ock.—M.ssouri World.