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THE PUBLIC FORUM
BANKERS. I want to make an
objection to C. M. Maxson's Public
.Forum letter concerning bankers.
He states that the banker will pos
sibly hand out to the borrower in re
turn for his $15,000'land security
$5,000 in national bank notes, then
takes the borrower's security to the
government treasury as his the
banker's security and our kind pa
ternal old Uncle Sam hands the
banker the $10,000 of bank currency
on the borrower's security.
I concede that the latter part of
this statement is all true, but as to
handing out cash money of $5,000 in
national bank notes, or even federal
reserve notes, that is absurd! There
isn't the slightest possibility of the
banker handing out $5,000 in cash.
The banker will give the borrower
a pass book containing a certificate
of credit for $5,000, wihch the bor
rower leaves on deposit in the bank
as money received and redeposited
for the banker's use to turn the trick
again with another borrower. . This
is only money of account which the
borrower doesn't get, only as he
needs to check against it
Some account, this, to the banker,
since he can get twice the money
from Uncle Sam. which he has put
on his books to the borrower's credit,
while the cash still remains in the
bank to his own credit, while our be
nign Uncle Sam smiles upon the
banker and paternally rewards him
with cash for his clever act of cor
ralling the business of the country.
These scraps of paper "money of
account" are actually money, be
' cause the banker says so. We have
$1,800,000,000 in cash money in cir
culation in the U. S., just enough to
pay wage-earners to pass over coun
ters to get back into the banks once
a week; the balance of the $250,000,
000,000 yearly business transactions
of the country is done wholly
through this trick of money of ac-.
count money of the bankers, who
thus concentrate the wealth of the
country into their own hands,
through the use of the people's valu
able securities and credit Do you
get that, peoples? Henery Dubbs.
WHY NOT LANDIS? So many
worthy people cannot see anyone for
presidential timber but a member of
the U. S. supreme court If we are
to look to our UT S.' courts for a can
didate, why not get Illinois into the
running? Think what a peach for
the news writers in Washington a
Landis in the white house would be.
For the present we will play this
on the soft pedal. At the same time
who in all Chicago, be they Repub
lican, Bull Moosef, Socialist, Demo
crat or sport fan (everybody save
the grafters big and little), but
would'forget his party ahgnment-if
only given an opportunity to vote for
Landis for president N. O. Sigg.
LABOR MARTYRS. The cases
of Oscar Neebe and Joe Hillstrom
show a moral, to-wit: The interests"
of this country will "get" a man if
they want him. Joe Hillstrom was
condemned because he did not be
lieve it to be a legal requirement
that he prove that he did not com
mit murder. By reversing the prin
ciple that the accused is presumed
innocent until proven guilty, the
"powers" in Utah "gojt" Joe Hill. The
same "powers" have proclaimed piat
Bill Haywood may not return to his
native land, Utah.
Simply stated, Oscar Neebe was
sentenced in 1886 to fifteen years'
penal servitude for not being any
where near Haymafket square on
the night of May 4, 1886, and for or-
ganizing some teamsters who were "
being worked 14 or so hours a day.
If Oscar hod been at the square, at
the date mentioned and had not pre
viously organized the drivers, it is
possible he would have been elected
county commissioner or something
the like. I merely guess this, for the
"powers" of those days reversed