People's Pilot, Volume 4, Number 44, Rensselaer, Jasper County, 27 April 1895 — Logan’s Prophecy. [ARTICLE]

Logan’s Prophecy.

Extract from a speech by John A. Lojran. Republican senator from Illinois, in the senate January 19,1874. Bee Congressional Record, volume 2. part 1. page 756. • “I can see only benefit to money holders and those who receive interest and have incomes. I can see as a result of this legislation our business operations crippled and wages for labor reduced to a pittance. I can see the beautiful prairies of my state and the great west, whieh are blooming as gardens, with cheerful homes rising as white towers along the pathway of improvement, again sinking back to idleness. I can see mortgage fiends at their hellish work. I can see the hopesof the industrious farmers blasted as they burn corn for fuel, because its price will not pay the cost of transportation and dividends of millions of dollars of fictitious railway stocks and bonds. I can see the people of the west groaning and burdened under taxation to pay debts of states, counties and cities, incurred when money was abundant and hopes of the future were held out to lead them on. I can see the people of our western states who are producers reduced to ihe condition of serfs to pay interest on public and private debts to the money sharks of Wall street, New York and of Threadneedle street, London, England. And this will be accomplished by withdrawing the treasury notes from circulation and destroying them until the banks can control the entire volume of money and compel the people to use personal checks in lieu of money—checks passing through the clearing houses, which the bankers will establish in all the larger cities, to enable them to make a fictitious showing of prosperity and fool the people with the great volume of business which they will be caused to be published in the daily and weekly newspapers. But remember checks are not money.”