The great West. [volume] (St. Paul, Minn.) 1889-18??, 1890-02-28
They're ATWEST
ST. PAUL, MIMI, FEB. %, 1890


Postofice.
ST. PAUL, MIMI, FEB. %, 1890.
How to Get Money to the People.
fOf course a majority~of the people
clearly understand that while the
government may issue legal tender
money" there is q greater difficulty
in getting it into circulation. Still,
there is q very respectable minority,
in numbers, who do not understand
that the difficulty is not to create
money, but to get it into legitimate
use. The amount of money which a
government may issue is uncertain
but such amount is closely related
to the .mortgageable eor "sudden
sale" value OF the property. There
is another guage of the amount
and a guage which makes legitimate
a government issue-and takes off
the stigma understood by the words
"fat," rag Baby etc.-terms used
by bankers to hinder such issues.
This gauge is the amount which peo-
pie will take from banks If, under
the private bank issues, $4,000 bank
ers could issue bills Or currency to the
amount of one billion dollars, which
+ is a reasonable estimate, then the
government could issue that amount,
and much more, with perfect safety.
This would appear to dispose OF
the ,"fiat" .question-for one billion
dollars in greenbacks backed by
$500, 100000 in coin, of which say
.55Omillion should get in circulation,
would furnish reasonable circulating
currency, and reduce the interest
bearing (bond) debt. of the nation.
But new difficulty presents itself
Not, however, a difficulty which can
not be over come. Suppose the gov
eminent printed it's legal tenders, or
greenbacks. There they would lie
stored in the treasury.
They could not be handed out to
Tom, Dick or Harry.
They could not even be used in
vast contracts for navies, or for
River and Harbor humbugs-for
these are all steals-and would SIM
DIV make the rich richer-and labor
would remain as it is-no more OF 1t
to speak OF, and as poorly paid.
It could not be used in creating
public buildings-for towns would
strive for the acknowledgement vast
sections be sighted. And then every
building would be a lob" The con-
struction would not relieve the labor
market to a great extent. But con-
tractors profits would be enor'
nous.
It could not be used in the public
timber regions to cut down trees,
produce lumber and build houses fol-
the poor-for such a course would
not only be destructive OF all govern
ment policy-in giving to some by
"selection'' of what belongs to all
but it would exhaust countless sum
without giving paid labor to many
and would create dependent or pau
per condition most lamentable.
We know of but one direction II
which such an issue of money coulc
be sent out into every section of thu
state, equally, and every dollar b.
used to employ labor-and such la
Dor inure to the benefit of every citi
zen. That is the real point-tha1
/ every citizen should receive benefit
War ships, give no general benefit
Public buildings add nothing to pr
vate betterments. Harbor and Rive
bills yield slight results and those tx
a single class.
But there is an avenue in which tn
required currency could be a. uni
versally circulated; ~ wholly paio
to labor; (3) every hours labo
yield benefit to all citizens in ever,
!, |section-and lastly, advance the ma
Etion in a line of domestic civil-en
giheering, and internal civil econom,
fxrbero - 10 nou bob;nd ox,o.1y s.oo H.
|,civikzed nation on the globe.
We refer in this to q propositio1
made by the New York Financier-
prop osition from a monetary iou1
nal, which was attacked by ever
, other p1Etocratic press in the land.
> This plan is to issue the currency t
3 construct
Z AlCAx,A Axvzlcn WAGON ROANS