Show I 1 THE M ONEY MONEY A plutocratic PLAN OF RELIEF FOR THE PEOPLE farmer s to r ee aso vp up things thing s AU all the way aund around by paying their abts with gold borrowed from A frank ad the following extract is from a plutocratic 40 page chicago sunday paper st paul minn dispatch one ot the leading bankers of the city said today to day that a company of 0 wealthy frenchmen intended to establish headquarters in st paul for the I 1 loaning of an immense amount of money to the farmers of minnesota and the dakotas after the assurance had been given that the financial system of this country was to continue on a sound basis he continued this company is prepared to loan of dollars to farmers at reasonably low rates of interest but it is waiting to make sure that it if it sends gold here it will receive gold in return it if the republican party declares for sound money as it surely will the i central office will be established here in st paul and all this money will be distributed from here it is easy to understand the benefit such a company would be it means that the farmers would be provided with money to pay their debts the country merchants i would be paid by the farmers they in turn would pay the wholesalers and everything aou ld id loosen loosen up all the way around the trouble now is that no one cares to advance money on land values lest loss should result from a botill till further depreciation in the event of going to a silver basis if the above a clean cut admission that there is not sufficient money in the country to do business with ith i what is it I 1 the only difference between this leading st paul banker and our leading populists lists on the money question is in the means which each would e employ to rid the country of the money famine admitted by both to exist but withal is the st paul banker s 1 j I 1 plan not an exceedingly brilliant one 1 when you consider it thoroughly the farmers would pay their debts with money borrowed from this company of foreign capitalists funny it the ideas concerning money and debts i a banker can have this st paul banker really believes that the dakota and minnesota farmers would pay their debts by putting a blanket inter est bearing mortgage on their land values and using the proceeds to liquidate certain non u on 1 I interest bearing claims which merchants have against them it is this style of ideas and this sort of logic that rules at washington 1 today to day and has ruled there for many years poor old L uncle acle sam paid I 1 his debts exactly that way soon after the war closed and the consequence is that the old ass has since that time paid nearly double the amount of his debts in interest and still owes the principal of course if the farmers could pay the merchants and the merchants the wholesalers w hole salers everything would loosen I 1 up all the way around provided the tanner farmer acquired his ability to pay i through the sale of his products but it if he got his ability to pay th through ro ugh plastering his farm with a mortgage then the loosening process instead of going all the way around would have to begin above him and at the th expense of a lightening up of things for him i suppose the number of 1 millions of I 1 dollars which this company is prepared to loan to farmers at re reasonably ason ably low rates of interest should aggregate five per cent suppose the rate of interest be fixed at 6 per cent Is it not slain lain that instead of paying their debts they will have assumed an annual debt i of GOO in addition to their pres ent debt of so far from paying their debts this course would compel them to pay in interest no in the course of sixteen years and eight months and still leave their i present debt of on their farms but dear me what a picnic the foreign company the and leading st paul banker who would of course act as the company s agent in obtaining I 1 the loans would have in the event of the farmers borrowing this money while the fool farmers of minnesota 1 and dakota were skinning around contending 1 with hot winds in summer and cold blizzards in winter in their efforts to meet the additional interest burden assumed for the patriotic purpose of loosening things up all the way around the gentlemanly foreigners and their st paul agent could be luxuriating uria ting at a seaside watering place or I 1 enjoying the balmy breezes of florida I 1 with an increased sense of gods goodness to man and of their own importance in the makeup of sublunary affairs the leading st paul banker who eased the pressure on his mighty brain by evolving this scintillating scheme tor for loosening things up uli all the way around talked from the standpoint of a republican and appeared to be utterly unconscious of the fact that in thus trustfully relying upon the assistance of foreigners to help us run our affairs he was going directly contrary to the doctrine so assiduously taught in the cardinal principle of 0 his party that america can be and ot 0 right ought to be independent ol of the world under the blessedly beneficent banner of protection while this st paul lackey of the money barons is thus engaged tn in his feeble way la in doing the work of his wealth absorbing usury taking masters by pleading for the retention of the gold standard mr mckinley and his crew of 0 tariff shriek ers era are posing as a the advance guard of prosperity and declaring as one man that the thing to do to loosen alt tt ay round is to r js re reenact enact the mckinley law and all intercourse with the bl arsted fo foi eigners elg ners to the tunal smallest lest JATy pass hl in the meantime the steadily I 1 increasing crea distress and suffering among the wealth producers of this nation the grandest and best favored by nature under the sun Is rapidly preparing the way for a style of loosening things up all the way around that Is undreL undreamed med of in the philosophy of leading bankers and tariff shouters shou tere and which may be safely relied on to jostle into oblivion the horde of demagogues and leeches who have so long deceived and preyed upon the people |