So frightful was the decline in values,
brought about by the destruction of the cur
rency, that in 1889 after the Government had
paid on the public debt three and a half billions
of dollars, in principal and interest, it would
have required more corn, wheat and cotton, at
prices then prevailing, to have paid off the
remainder of the public debt than it would
have required to pay off the whole debt at the
prices which prevailed in 1866.
Who brought on the Panic of 1893?
The national bankers.
For what purpose?
To compel Congress to make gold the mon
ey of final redemption, so that they could aug
ment their own power and profit.
Who forced those bonds from Cleveland’s
second administration? Who pocketed the
“net prefits” on that disgraceful deal? Who
brought on the panic of 1907? Who forced
bonds from the Roosevelt administration?
Who is scooping the “net profits” on 3 per
cent treasury notes which they buy without
further cost than an entry on their books?
Who is it that gets compound interest on
from ten to thirty dollars more money than
is invested in their business? Who is it that
gets the use of $250,000,000 of the Govern
ment’s funds without a cent of interest? Who is
it that collects interest on his bonds in advance,
and thus has both principal and interest loaned
out at interest AT THE SAME TIME?
Who is it that pays no tax and thus con
tributes nothing to the Government whose
favors enrich him ? Who is it that not only has
the use of the Government’s credit in his busi
ness, but has the Government’s cash also?
POOR, DOWN-TRODDEN NATIONAL
BANKER!!!
* *
The Clearing House Certificate.
