LAST DITCH OF DEMOCRACY - Majority Rights

authorization of some five hundred million to one billion dollars of new
bonds, as a basis of circulation. You will at once call in one half your
loans. Be careful to make a money stringency felt among your patrons,
especially among influential businessmen. Advocate an extra session of
Congress for the repeal of the purchase clauses of the Sherman Law, and
act with other banks of your city in securing a large petition to Congress
for its unconditional repeal as per accompanying form.
I.e., sign on the dotted line. Quote continues:
Use personal influence with Congressmen and particularly let your
wishes be known to your Senators. The future life of national banks
as fixed and safe investments, depends upon immediate action, as
there is an increasing sentiment in favor of governmental legal tender
notes and silver coinage.
One takes an example from Cleveland’s time rather than from Van
Buren’s in the hope that some aged survivors of the 1890’s may still
dimly remember the actions referred to.
Mr. Churchill as Chancellor of the British Exchequer, the Cunliffe
Committee, quite naturally paid no attention to Kitson’s
recommendations. And a few years, merrily, after the Indian farmers
were paying up twice as much grain to meet their interest payments and
taxes. Naturally the usurocrat press supported the Loyd system of
altering the value of the monetary unit, right along from the day the
newspapers were invented. That is perhaps the main reason for having
newspapers, especially large newspapers in usurocratic regimes.
Newspapers govern the world, remarked the Conte de Vergennes to Mr.
John Adams. The American Bankers Association circular of 1877 reads:
“It is advisable to do all in your power to sustain such newspapers,
especially in the agricultural and religious press as will oppose the issue
of greenback paper money, and that you also withhold patronage and