People's Pilot, Volume 4, Number 38, Rensselaer, Jasper County, 9 March 1895 — INTRICACIES Of BANKING. [ARTICLE]

INTRICACIES Of BANKING.

Convert the Kxpcrt l>;mk Ofll'btlH Into Itomlful do vomment Kniployen. In the course of an editorial on “The Government, and Banting,” Harper’s Weekly says: “Long experience has demonstrated that, with few exceptions, the politicians who are sent to Congress or who become members of the cabinet are not capable of mastering the intricacies of the banking business. 1 ’ Something occult about the banking business, isn't there? Ordinary mortals can’t comprehend this idea of getting in debt for thousands of dollars, and then drawing interest on your debts while you pay none on what you owe! This business of cornering money and compelling people to pay you a big rate for the loan on your credit or your promissory notes, is indeed a puzzle. Yes, It is a very peculiar and “intricate” business —almost as hard to understand as three-card monte or the shell game. As politicians and representatives of the people are incapable of comprehending it, the only safe course Is to give the bankers the power to frame our currency laws. As they are now, the money power is able to control about everything; but there may be some points In which thr bankers could improve these laws, cad make it easier to rake In the frurm of otherfe’ labor. ’•'How nice if th:; common people could only be mad L o believe such stuff - that it matter utterly beyond tb*K. if wmpiebfcnsiori, and It wtJuh*be safer for them to try to legislate cm the Ud«i and the law of gr&vlutldn Utou

“m tamper with the currency. Wouldn’t the fellows on the inside who under?tand all the “intricacies” of getting something for nothing by hocus-pocus-ing the money supply have a picnic? if money were something the people could take or let alone; if the law didn’t make it a legal tender and compel them to pay their debts in it; if it. wasn’t the only means by which they can conveniently and economically effect the exchanges of their products, then it might be safe to pass the subject by as too intricate for ordinary mortals. But, as it is largely by means of their manipulation of the money supply that the few are able to rob the many of the fruits of their toil, it behooves every man to study the money questions and understand all the devious and “Intricate” method’ by which wealth uses money to oppress and defraud labor. And about the first question to ask these masters of the “intricacies” of banking is: Why should one man’s debt circulate as money and draw interest rather than another’s?—Star and Kansan.