Betsy Gaskins (Dimicrat), Wife of Jobe Gaskins (Republican): Or, Uncle Tom's Cabin Up to DateHood, W. I. (William I.)
General
Betsy Gaskins (Dimicrat), Wife of Jobe Gaskins (Republican): Or, Uncle Tom's Cabin Up to Date
Hood, W. I. (William I.)
Gold; Interest; Money; Paper money -- United States; Populism
“‘Why, what law do you mean, Bill?’ says you.
“Then you and Bill sot down on a box and I leaned agin the house, and
says Bill:
“‘Why, yisterday, Jobe, they passed a law in Congress authorizing the
Secretary of the Treasury to, at once, have engraved and printed full
legal-tender paper money to the amount of ten dollars per capita of the
population of the United States, and that money is to be set apart only
to be loaned to counties on county bonds, and the counties are to git it
at one per cent. interest. Then the county treasurers are to lend the
money only on first mortgage real estate security to the farmers and
business men and mechanics, at only two per cent. interest, and when the
man that borrows it pays it back, or any part of it, the amount of his
payments shall be credited on his mortgage, and as fast as it
accumulates in the county treasurer’s office he shall forward it to
Washington and git it credited on the county bond they hold. The one per
cent. the government gits is to pay for makin the money and keepin the
books at Washington. The other one per cent. that the borrowers pay is
to go toward payin the county treasurer’s salary and clerk hire. This
money, Jobe, is as good as gold, because the government agrees to take
it for postage stamps and internal revenue and duties on imports and
sich. All you have to do, Jobe, is to go over there to that grand old
court-house, give your mortgage to the people of the county, and git
your money; and after this you will only have to pay two per cent.
interest instead of six or seven, and you kin save your farm.’
“Well, Jobe, I thought you and me and Bill Bowers all went over there,
and sure enough, what Bill told us was true. The county treasurer told
us that he would put our application on file, and as soon as they could
git the money out and here, possibly in thirty days, we could come in
and git ninety per cent. of the value of our farm if we needed that
much.
“And while we was standin there a talkin to Treasurer Hochstetter, I
heard George Welty explainin to Ed. Walters ‘how nice it was for a
person to be able to give a mortgage to the people of the county for
money to pay for a home, and then the county goin that person’s security
and gittin the money from all the people of the United States,’ and
explainin that there would always be jist enough money to do bizness on
and no more, since the county would only borrow from the government when
some citizen of the county had use for the money and was willin to give
good security and pay two per cent. for it. And, Jobe, I thought you
looked happier than you have for ten years.”
“Well, Bet——”
“Hold on, Jobe,” says I. “Well, I thought you and me and Bill Bowers
started up street, and when we were passin Jones’s bank he called us in.
“Says he: ‘Mr. Gaskins, I guess we can accommodate you with that little
matter you was speakin about this morn——”
“‘I dont want it now,’ says you.
“‘No,’ says I.
“‘Ide think not,’ says Bill Bowers.
Public-domain text, read in full here on John Shaqi.
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