The great West. [volume] (St. Paul, Minn.) 1889-18??, 1890-06-20

"OR|G|IVAL |OOOE.
MIR. Pluto Laid on His Back by New Utopias.
Our good friend the Red Wing preends
convinced bang)
preserve good feeling which thus
far exists although our head little tumps hope
raise a welts on his
days gnback glory National Bank advocates
which were legion used to throw
fool them
Inactivity until the and the state sailed sublime
" their fortunes with only slight feeling
while he venng this colossal fraud
in other quoting bonds the stock exchanges and
'fool worth a cent?
friend, said:
'Why Do System
best system earth long that they actually believe it,
Bu how account for this ed Sum recognizing the
between government issue and loan issue?"
place. understand it so
long that he's honest in He understands well enough
pondeed indefinite PERIOD and at last
the regular kerwaoper! the shape two
magnificent arabesque propositions:
government organization the Red Wing
na Rank denton Evv dollar is nronev rea" bv bonds on
which bonds the people There circulation OF eighteen
hundred million dollars and bond deposit billions The bill
per people
the the the OF
Either OF good times financial catam
ordered his debts There perhaps
cresand the last walks the bank his
% nd 1oan debt to the inn bank and there wond be- no
ony above the debts with Like
Utopan schemes will imagine the government be better than it
could Now
much currency" will there circulation morning.
How much will the butcher have bead How will the
have buy cong How much will the broker have oan
How much will the Pbury whatand who will their
doctors bill their lawyers fee? Not dollar will be outside the banks
OF original issue!
PROPOSITION THE SECOND
We have started wonderful Utopia confnes Paradise
The question serious problem and took
years satisfactorily gold there
couldn't the dirt around concluded
(ur friends will understand that the
the organizing paper
bill ISSUE with bacing case
bills and them principle
usn the salaries and about 200 million
needed fully eighteen hundred million Mepo
phelan statesman there this side Hades running
scheme called Banks ueand they had hun
dred million and
70 mortgage th property But finally scay devil by the
Paddock Of He flaming parapet
the name OF the brazenawed Lucr that quaon
toast--so everybody there borrowed on mortgages
But didn't like debts. But currency
resented value So printed money 1t wasn't worth anything
ply because prntedno than that other fellows
borrowed Neither of them had value the
they created But in the OF the other fellow schem
the devils
hadand
wa OF Then that wad had did!
miserable fellow could get the money back
the bank and his again get
lows wad banker
Gods going left with neither spot'
Well we couldn't value money
OF the washtub go Gallagher value
would not do and did not do We cit value
The government needed buildings paid
it's money And bore bearing
ment had to employ hundred thousand mon W. hob+ +h ,
with just something
value and would the
the other fellows precisely the except
there interest bearing debt created by the
exnguhed bland there
terest Both methods provided backed precisely
security Only the oher fellow
terest Ito h he held government paper bond paid
him interest these bonds had security
did not have
Well sir the first got into circulation $50 million dollars
Then kept grinding
then since People borrow and all other people
interest notes But dollar took u)