Rensselaer Republican, Volume 26, Number 10, Rensselaer, Jasper County, 2 November 1893 — THE F. M. B. A. [ARTICLE]

THE F. M. B. A.

Th* Farmers Benefit Association Adopts Resolutions. ." /Tho Farmers’.Mutual Benefit Association, of Indiana, has been in session at Inlianapolls during the week. Tuesday light they adopted a series of declarations is follows: . We hold that by law money Is created tnd that that law is vested in Congress by the constitution of the United States, which says: "Congress shall coin money and regulate the value thereof.” The Government Gone, then, can create money and this •'ower should bo exercised for the whole people and not given over to corporations to fatten upon by speculating upon the necessities of the people We fur ther de:lare that the present panic is the result >f a money famine rather than a lack of jonfidence. Therefore, be it Resolved, That we are opposed to the present financial system and declare our ipposition to Congress giving Jhe right to issue money to the banks and banking :orporations, enabling them to control the volumes of money, and, by controlling the circulating medium, to control labor tnd its products. We demand the free and unlimited colntge of silver at a ratio of 16 to 1, and that •he circulating medium of the country •hall bo Issued by the government direct to the people without the intervention of oanks, in sufficient volume to transact the business of the country on a cash basis tnd making all money a full legal tender lor tbe payment of all debts, public and private. It is demanded that the government establish postal savings banks for the safe iepositof the earnings of tho people; that the taxes of the National Government be levied-upon tho luxuries, and not upon the necessities of life, that there be a law passed prohibiting alien ownership of land; that the constitution be so amended to as to provide for the election of the President, Vice-President, Senators and Judges of the Supreme Court by the direct vote of tho people; that taxes be reduced, and that tho Australian ballot law In this State be so amended as to give all political parties a representation at the sountof the votes. The association also leclared its abhorrence of all trusts and favored good roads and a graduated insome tax.