Mower County transcript. [volume] (Lansing, Minn.) 1868-1915, 1889-09-25

that gold and silver are standards 81 |
value, because they have intrinsic value.
Perhaps the gentleman can tell the audi
ence why 4 silver dollar con tainlng 400 |
grains ct silver was worth less then one
containing but 385 grains OF the same
quality. Another very glaring mistake
made is in the statement that, during
the warof the Rebellion the government
borrowed at unreasonable rate Of inter
est all It possibly could and ISSUED legal
tender for what expenditure could not
otherwise be met. He no doubt means
to say to the people that the government
issued bonds to borrow money. He had
first, better learn the facts, before at.
tempting to teach something he does not
know. The man who framed the bill
that created the bonds. in his Financial
history Of the war" says the bonds were
issued to fund the legal tender, lawful
money (Greenbacks) into. Who do YOU
suppose knows best about 1t, the man
that framed the bill, or the man that
never, saw it? The 60 Million of demand
notes were made full legal tender in
1862 and always after that were as good
as gold, because they would do every
think gold would. The reason the green
back proper issued in 1862, deprecated,
was because the government would not
receive back again at It's face value,
the money it created to pay its soldiers
with. The word Except" was placed
on the back OF the greenback
money, in order that gold gamblers
might have market for their gold, and
make money out of the necessities of the
government. No person, not a gold
gambler, banker or bondholder, with any
brains, would defend such astransaction.
Any man knowing anything, knows the
government carried on the war and paid
it's bills with greenbacks. No one will
deny but that the government made
mot borroweD the greenback and paid
its debts with it. had no occasion to
borrow, and did not borrow In an emer-
gency like the civil war, the govern.
ment did not and could not borrow
money, for there could be and can be no
money until it is created by the law, by
the Government. A few questions for
your correspondent to answer are in
order: If the government cannot Issue
money, who can? If the government
can issue money, why issue bonds? The
government either can or cannot create
money. II it can there is no need of
issuing bonds. If it cannot, it must
borrow by issuing bonds, but before the
money can be borrowed it must be Great
ed. Will you please tell who the lender
is? Any school boy knows that the
government can and docs create all the
United States money there is created.
There is no money in the United States
unless created by law of Congress.
Bank bills are not money, they are only
a promise to pay money. Your cores
pondent appears to have more "history
in his head, than common sense or
reason. The great trouble with him as
with thousands of others he never stops
to think. He jumps at conclusions in
stead of looking to see if it is reasonable
Or perhaps he may be paid tool of the
money power, paid to keep the people IN
ignorence, in order to make a few men
rich. In this case, we should not expect
anything better. But for a man passing
as teacher, he should weigh we'll his
statements before asking the people to
believe them. The people are beginning
to read and think, and woe be to the one
who teaches false doctrine. If ever the
people of the United States, are freed from
industrial slavery it will have to be by
enactlng into law, and enforcing the
the same, the 18th, plank of the K of L.
platform. The government issue Of
money direct to the people, for labor is
the keynote of industrial freedom. Any
other method of issuing money, creates
a debt that cannot be paid with money,
and debts are the cause of business fail
uers. The 18th, plank being enacted into
law, there would be nothing unwise in
the 18th, plank. The 18th and 10Th are
virtually one. Brother, will you please
answer the above questions, and give the
people the benefit of your superior wis
dom j. G. VALLETTE,
Sept. 16, 1889. Norwich,
Conn