"Guess somebody must be cinched for the per cent. I never knew of banks giving away the notes after the government printed and placed them in their lilly white hands. That is their business-loaning. Not only are. they drawing interest on the notes, but when the notes are re-deposited by some one whom the borrower has paid, the bank loans them again and gets another interest. THIS IS DONE AN AVERAGE OF TEN TIMES FOR EACH DOLLAR. Ask something hard."

In regard to the safety of these institutions, this same paper has the following interesting article:

"The Pittsburg, Pa., Press of March 31, calls attention with pride to the fact that savings bank reports show that deposits are $600,000,000 greater than all the monies of every kind in the nation-that if the depositors of savings banks alone were to withdraw their deposits there would not be money enough in the nation to pay them. The Press says if they were to do so other nations would supply the money thus withdrawn so that business would go right on. Just think of the other nations sending us over their pound, shilling and pence; their peso, crown, franc, colon, sucre, piasters, mark, drachma, gourde, rupee, lira, yen, florin, sol, milres, ruble, etc? What a nice time we would have doing business with the money of other nations. One nation does not furnish another nation money. Metal passes back and forth between nations, but it is not money until it has gone through the mint of the nation. But what strikes me most in the matter is, that all

the money in the nation is owned by savings bank depositors, and that the trusts use that money to organize trusts and monopolies and skin the very people who furnish the money they are using! If the people were to withdraw their money from the banks every monopolist in the nation would be broken, but the people would not be broken, for they would have their money in their pockets to take advantage of the great tumble in prices that would occur. It was the knowing of this fact that during the run on some Chicago bank two years ago, the late P. D. Armour stood along the long line of depositors and urged them to leave their money in bank, offering to give his personal security for their deposits. If the depositors had all demanded their money, Armour would have been ruined, and with him many others, whose sole hold on their wealth is the fact that the masses stupidly put their money in banks for these gentlemen to manipulate. But some fine morning the trusts will wake up and find that the people have lost confidence,' and have demanded their money and there will be no loans for their manipulating the market. Keeping the masses ignorant of the fact that their deposits are the basis of every speculation and every trust and monopoly is working all right just now. 'But you can't fool all the people all the time.""

"The banks of the United States owe their depositors nearly $9,000,000,000 and have less than $900,000,000 in cash! There are only $2,255,000,000 of money of all kinds

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in this nation. Well, maybe there will not be a harvest, by and by!"

"Preston, Wis., is a town whose citizens would resent the statement that their place lacked in civilization, and would point with pride to the handsome building next door to a modest hotel on which 'BANK' stood out in bold relief. The bank was the only thing that prevented the burglar from breaking in and taking the hard earnings of a life time, and the young and old, man and maid, hurried to its iron box to deposit in safety their daily gatherings of nickels. It was run by the eminently respectable class, the pillars of society and church, who alone prevented the social structure from turning back to barbarism. The credulous had deposited about $200,000 with this safe institution, and when the pie was opened the other day there was $75 in money and $250 in notes in the bank. The balance had been-not stolen, my dear, not stolen; that would be harsh-but had been financed out of sight by cashier Todd. It is only one of thousands that have occurred and will continue to occur under the system of private or so-called national banking. Writing up this incident in the course of our national prosperity, the St. Paul Dispatch runs the following headlines, which tell the tale in a nut shell. You keep your money in one of these safe banks, eh? Had the losers read and heeded the Appeal they would not now be mourning. Government banks would be too paternalistic for you, eh?

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