TT,
The Commoner
VOL. 22, NO. 3
i-r-
12
L
Wonderful Silk and Velvet Bargains
For QnlllH, Fancy Work,
I'ortfcrcn, Etc. Send 10
Cent Cor big package of
large beautiful silk rem
nants, including free quilt
final n-riR nnrl flfrntltM Cflta-
logue describing our 4-pound silk,
velvet, gingham, and other remnant
bargain bundles; also instructions how
to earn money at homo by sowing.
UNION S. WORKS,
285 Factory St, IloonvIIlc, IS. 1.
SPRINGFIELD CARBINE
Bind by U. H. Oort, Calibre 415
$3.50
si&$!to'2$sZkw?.a.,:A, . i m
m -1 1 i ' 1 1' i fff .,v 1t4y riHfJl,iaBT '
K5ajapp
Breoch Loading
T.'lrat. I 1lM Collllltloil. 41
i.. ii. f mi niin inp RU mnrn vnn
mny hn'va n MiiootU r l a"0.!, " 'fe1
TUIH mnict'8 n wonurr ui iihumii ". .
il. i.,...l r.i Ivn tutnwlinilfrnri III b 111 111'
OIIliiuiu uniini urn ' ; " n " "7 ,,
litcn. MIUIoiih oi nira or unii cnuivurniu,,vo
conU cncli. Bond lor cnUU kuo.
Stokes Kirk, 1027 N. 10th Street
Dent. 00 Philadelphia, Pn.
The Federal Reserve
. System
I w.
I
',S
?
SCIENCE DISCOVERS A WAY
TO EXTEND THE RADIUM CURE
Come out of your sick room, Into tho
sunshine of health. Thanks to Radium,-,
nature's wonderful euro of slckneBS.v?
humanity Is being relieved of its pains
and Its sufforlng. Tho Radlo-Actlvo
Pad filled with the samo ore that radi
um Is extracted from, Is now being ap
plied to all chronic troubles. Success
fully used In tho treatment of tho fol
lowing diseases and disorders.
Chronic Kidney and Liver Troubles,
throat Troubles, Goiter, Sluggish Cir-
culatlon, High Blood Pressure, General '
Debility, Rheumatism of tho Joints
and Muscles, Neuralgia, Sciatica, Gout,
Blood Diseases, Constipation, Diabetes,
Nephritis, Stomach Disorders, etc..
Two booklets, one explaining the
Stadlo-Actlvo Pad and another giving
otters of patients who. havo boon
ured, aro frco for tho asking. Tho
)n, Is sold with tho privilege of a ten
Kay free &L Write at ono Jathe
tlADIUM TREATMENT GMBANg8g8
Nowhouso Buljuing, Salt Lako aGity,
Ut-h. Adv.
p
If R
uptured
iry Ifass rree
Apply it to Any Rupture, Old pr Re
cent, iinrgo or Smnll and You aro
on tho Road That Has Con
vinced Thousands
Sent Free to Prove This
Anyone ruptured, man woman or
(fchlld, should write at once to W. S.
IRice, COG-A Main St., Adams, N. Y. for
ia free trial of his wonderful stimu
lating application. Just put it on tho
rupturo and tho muscles begin to tight
en; they begin to bind together so that
Rho opening closes naturally and tho
eed of a support or truss is then done
away with. Don't neglect to send for
this freo trial. Even if your rupturo
doesn't bother you what is the use of
wearing supports all your lfo? Why
suffer this nuisance? Why run tho lsk
of gangrone and such dangers from a
small and innocent littlo rupturo, tho
Kind that has thrown thousands on tho
operating table? A host of mon and
women aro dally running such risk just
because their ruptures do not hurt nor
prevent thorn from getting around.
Write at once for thi3 freo trial, as it
Is certainly a wonderful thing and has
aided In the cure of ruptures that wore
s big as a man's two fists. Try and
write at once, using the coupon below.
Free Forllwpture
W. S. Rice, Inc..
506-A Main St., Adams, N, Y.
You .mays sepd rae entirely freo a
Sample Treatment of your stimulat
ing application for Rupturo.
Namb. :. ..,....,.
Address ...,. i . M ;.. .
puu tr.. ,, .- Btr
Ub(.iu , i,ri
....
Kansas City, Missouri, March 2,
1922. To The Commoner: Let
ters received recently by me from
the United States treasury depart
ment and the secretary of the Fod
eral Reserve Board, state that in
round numbers that tho government
is loaning to the banking system, fed
eral and national, about four and
one-half billions of dollars under
three different classifications. First,
the national bank-notes, second, the
federal reserve bank notes, third, the
federal reserve notes. The national
bank notes and tlie federal reserve
notes, according to this information,
are paying the government for the
use of both kinds of bank notes
from one quarter of one per cent
to one-half of one per cent per an
num. And of these two classifica
tions it would seem that the amount
furnished by the government is about
one million dollars.
When you analyze these figures of
borrowing money, from the govern
ment paying $2.50 for the use of one
thousand dollars and loaning it out
at from 60 to 100 dollars per thou
sand, it would seem to the write
and I think it will be apparent to
everybody, that $55 profit is a pretty
good return on an investment of
5.00, or that $95 to $97.50 would
)o a pretty good profit on an invest
ment or $z.ou to $o.uu, wnicn is ttie
one-iftuarter and one-half of one pe
centTper annum. Some of this money
'is 'loaned at 6 per cent, some at 8
per cent and a good deal at 10 per
cent, but anybody can figure for
themselves that it is a pretty profit
able business from the standpoint of
the banker and that is what they are
doing according to these letters re
ceived about the first of February.
The most extreme case of profiteer
inec reported bv Mr. Brvan in rmo of
Ms Chautauqua tallcs, was a case of
tv anoo ueaicr wno, u seems, out or
every dollar's worth of shoes he sold
took-8Gc for his own profit. This
fellow was a mere piker in compari
son with the profits the banks arc
making from the money which they
borrow from the government.
Now, what about the Federal Re
serve notes, which is the third class
ification before mentioned? In the
year 1920 according to their state
ment, nearly three and one-half bil.
lions of federal reserve notes were
issued to the federal banks. This
letter also stated that although Sec
tion 16 of the Federal Reserve Act
empowered the Federal Reserve
Board to fix the rate of interest which
the Federal Reserve bank should pay
the. government, said that they had
never fixed any rate whatever, (Just
overlooked it) but they gave as a
reason for not doing so that under
the law after 6 per cent earnings on
the capital stock of the Federal Re
serve bank were made, they could
pay the overplus to the government
as a franchise tax or, use it to buila
up a surplus for themselves. Their
letter to me shows what they did
with this extra amount of money over
"and above the surplus of 6 per cent,
viz: the amount of money paid by
the Federal banks to the government
as a franchise tax jumped from two
million dollars in 1919 to sixty mil
lions of dollars in 1920 and sixty-nine
millions of dollars in 1921, as a di
rect resut of the progressive redis
count rate. This sum went to tho
government as a franchise tax but
let s look into the surplus the banks
got, their statement to me shows
that while in the years of 1919, 1920
and 1921, they paid the government
one hundred twenty-three millions
of dollars as a franchise tax. In
those same years out of this very
fund they took for themslves more
than one hundred and sixty millions
of dollars to build up their own sur
plus, and I think they still have it.
Mind you, that what they paid the
government as a franchise tax and
what they took out of the fund and
put into their own surplus was after
the system had paid all expenses,
raise in salaries, and 6 per cent on
the capital stock. Every dollar of
this vast sum was taken from the
pockets of the people, while the Fed
eral Reserve system was wickedly
enforcing the most drastic deflation
of prices that the world ever saw.
Wheat dropped from $2.50 per
bushel to 80c in a few months- out
in the country; corn dropped from
$2.00 a bushel in the central market
down to 60c, and later on down to
30c out in the country. Cotton fell
from 35c a pound down to nothing,
millions of acres of it rotted in the
field where it grew. The live stock
market was paralyzed and the bank
ruptcy court began working over
time. Factories closed down, millions
of men were unemployed. Our sol
dier boys returning from overseas
ready to take their old jobs, found
the factories closed, no jobs and not
a dollar of money to pay bonuses.
Prices going down, debts mounting
sky-high. No wonder banks like the
New York branch of the Federal Re
serve bank made a dividend of 2115"
per cent in 1920; and while they
were making these large profits a,
statement of the Kansas City Feder
al bank published in local newspap
ers showed that the Kansas City
federal bank, between the month of
November 1920 and tho last days of
June 1921, restricted and restrained
the credit of the borrowers in the
10-J Federal Bank district over 50
per cent. That's their own state
cent. And still some people won
dered what was the matter with the
country.
If tho government would loan this
same money direct to every farm
ing community or -county in the
United States at the same rate
of interest that they have been
loaning the national banks and
federal reserve system, which" in
no case exceeds one-half of one per
cent per annum, would there have
been any drastic deflation in credits,
would prices have gone down to a
point of bankruptcy, would the fac
tories have been compelled to close
because they couldn't sell their goods
because the buying power of the imb
ue was crippled to such an extent
they couldn't buy them from the re
tail stores?
It is a significant fact the price of
our dollar rose along with the inter
est and rediscount rate, and the price
of everything else went down, notice
the rise in the price of discount on
foreign exchange, notice, too, as this
occurred how our export trade began
to fall off and has been falling off
ever since. And still we wonder why
they don't pay us what they owe us
in gold and we have all the gold, and
we want to squeeze them on the dis
count rate. No wonder Henry Ford
a?d,dif on ,want the Sold standard
abolished. Mr. Bryan began action
on it twenty-five years ago when he
?on ?,L.tUe ,Chlcaeo convention in
1896 'Thou shalt not press down up
on the brow of labor this crown of
thorns.'' "Thou shalt not crucify
mankind on a cross of gold "
I have within the last two months
received letters from every state in
the Union, calling for Mr. Bryan to
?? fW against this grS Out
lay. It is peculiarly his fight Ha
nafWilll8hhe. is ille oWesf living foe
rhnfn"1"11.""11-..0.1 us insist
"End Your
Jtheumatisni
Ukm I DM jmn& -. Saw.
Also Rid ofNml
8uffrd Tortura For Years -Now
Tmillnt Good News To Other
that Mr. Rrvn 'i,:, "Bu
SSdT W"" 33 tuhpe
Gold Standard, when ho carried the
campaign into every state of the
Union with the result that the Demo
cratic party had a new b uemo
vot&n'Teniion' 8lx million men
PresniLnt and Bn?T three times
rresiaent, and many more than r!t
million men and six million women
are "raring" for him to JSta?
W. B. JOHNSTON.
"Don't Bollflv That old Hambn Abort
UrI 4chV Belngr tko Cnuio of Bhou
MfcJj i It's 2fot Sol"
Emphatically asserting that thou
sands of unfortunate sufferers have
bqen led-into talcing wrong treatments
under the old and falso belief that
"Uric Acid" causes rheumatism, Pas
tor H. W. Beed says:
"As do some of our highest medical
authorities, I now know that 'Uric
Add' never did, and-never will cause
rheumatism! But it took mo many
years; to And out this truth. I learned
how to got rid of my rheumatism and
recover my health and strength,
through reading 'Tho Inner Mysteries
of Rheumatism a work written by an
authority who has scientifically studied
the cause and treatment of rheumatism
for over twenty years. It was indeed
a veritable revelation I
"I had suffered agony for years from
rheumatism and associated disorders,
and Mrs. Reed was tortured with tho
demon neuritis almost beyond endur
ance. Wo had read and talked so much
about 'Uric Acid' that our minds
seemed poisoned. .But the 'Inner Mys
teries of Rheumatism' made It all clear
to us and now we are both free from
tho suffering' and misery we endured so
many years. 1 1 believe I was tho hardest
man lit tho world to convert! For mo
to dlHcard the old 'Uric Acid' theory,
and what I now know to bo absolutely
false, for the now, scientific under
standing o tho causes and cure or
Tfteumatism, was like asking me to
change my my religious beliefs! But i
did change, and it was a fortunate day
for mo and mine when I did so." -
NOT1L: "Tho Inner Mysteries of
Rheumatism" referred to above y
Pastor Reed lays bare facts about
rheumatism and Its associated disorders-
overlooked by doctors and scien
tists for centuries past. It is a worK
that should bo in tho hands of every
man or woman who has the slightest
symptoms of rheumatism, neuritis,
lumbago or gout. Anyone who senus
namo and address to H. P, Clearwater.
1272-B Street, Hallbwell, Maine, will
receive it by mail, .postage paid ana
absolutely free, Send now, lest you
forget the address! If not a sufCeier,
cut out this- explanation and hand It to
some amicrea inena.
HCxiuhbj:mb
hb (L m m uAAV
Fi'fi&fM'Tggfisig
A pUr of AUd CvrbMrtojB Straw;
Jaw? to Morimber of wm f or plM
M
to Normler or ? '"SUaiX
t. . W bmve bien bre'n
KvrirliftrwDrri'rv1.j-
SSBSar-Ajtil will brtoj uj.
r with Md fot mHlUf '" "l""s;nH W
cent for raaDIaa nptBSf.or not jrou pij nV",c iyi, nd
iijU. TOtt OARBNeft M0R8EHY CO., Nurr)fmi n"
inon. Soa 841 .0. Iowa. . . Cfh.rr cUnbi
taalUd at propor rlantinx ttaa tot f 1.00 u order0 OQW
jTromthlaftdvarUMotrat. ,
PATENTS. Wrc for free Guide """Mf
Evidence of Conception Blank. Sen"
.ji i-a-i. in.tnHnn for free
opinion of its patentable nature.
est references; Reasonable Terms, m
tor J. Evans & Co. 722 9th, Washing
ton. D. C. .
"Aladdla Bulletins" Free. NoveltU'S.
Magic. GaS Jet Heaters. Pocket W
ers. How to secure Money Making
Plans. J, Thomas Desk 8, Box Shi
French Lick, Indiana.
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