Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1890-12-10

pie. This is the leading feature of our
order. We must have cheap money
We can only get 1t through sub-treas-
ury. There is not an organization on
earth that 10 more united on one prinoi.
pie than the Union on the sub-treasury
principle. We are discussing details;
consequently let the discussion 90 on;
We will by and by get bill that viii
reach the eAsa"-Prosressivs Farmer.
EXPANDING THE CURRENCY.
We Need More Money How 10 Provide aaA
Pat u In Circulation % the Question ef the
Hour.
The change of public opinion in favor
Of an expansion or en- increase in our
circulating medium II one Of the marked
events Of the last year.
This change has occurred, not among
farmers only, but 1t has occurred and 10
occurring among bankers and other
we'll informed men on financial subjects
IN the West l"Ge'
More money is needed to transact the
business of the country
The Government should provide IL
OF course the paper which advocates
such policy is sure to be denounced 90
| - sASAOAoAJ -A0bAob 8A0 w OO oCCU1S0 Va
all sorts Of Utopian fallacies Its sure
to be misrepresented and misunder-
stood
And yet soone, OF later this country
will be given an Increased circulating
medium as the result Of popular de-
mand- Every day IL 10 becoming more
and more evident that there is Q vide
spresd demsnd for considerable In
crease in the volume Of money in circu-
lAtion.
How TO get Il is another question
about which people differ. The time L.
ct hand, however, when something will
b lone and the Democrstio House Of
Representatives. will certainly make .
move in that direction.
It happens that deficiency Of about
e1O0. o00, 600 is expected about the close
Of the next session of Congress-
Congress should provide for Il One
| scheme Is to issue and sell bonds bear
Ing three per cent. interest
In view, however, Of the fact that the
Treasury Department. has been, and il
even now. redeeming bonds and paying
high premiums for the privilege, plan
TO issue new bonds certainly appears to
be monstrously inconsistent
Suppose. then, instead Of making this
bond sale Congress should suthorize the
issuance of paper currency for the same
amount This would be readily taken
by the people It would be debt with
out interest and an increase of money
IN circulation ttstis much needed. From
time to time other issues OF paper money
within safe limit could be made
| I9 Ah4 NJ a 4 A.
sale OF interest bearing promises to pay.
1t must be good for non-interest bearing
promises to pay of small denominations
suitable for use ss currency. y.-Omaha
| World
Commenting on the above, the Farm
ers' Alliance, Of Lincoln. Neh. says:
'The World-Herald. in its frantic ef-
forts to keep up with the Alliance pro-
cession, has en- article In which 1t as
serts that the panic in Wall street Is
caused by the fact that there is not
money enough in the country to do the
business This is undoubtedly true.
| The n. has been very slow in hnd-
| Ing out the truth The State Alliance
and this paper made tn at assertion lonR
ago, and our position on that question
made the independent ticket thousands
OF votes But the VIII. Is entirely be-
hind when 1t proposes simply the issue
OF more promises to pay without pro-
viding any thing to pay with. That is
the tool the money power uses to con-
troll labor and absorb products Our
paper money now is a promise to
pay gold, and the supply Of gold
to pay the present issue is made
quate. This being true, no man
but loon would propose to issue more
promises without either increasing the
basis or providing another one. II the
w. "a. would come to this view of the
case 1t would be on the road to saliva
ton. Let the Government issue direct
to the peor's $50 per capita of land cur
rency, secured by mortgage on arabic
land to one-half Its actual value, at two
per cent interest said money to remain
out as long as the interest Is paid or un-
til redeemed by the cancellation of the
mortgage. and at the same time coin all
the gold and silver It could lay its hands
ON. both paper and coin 70 be full legal
tender. and this country will enter up
ON golden era Of prosperity never be-
fore known
Come mp little higher in your new
money theories"