Elmore bulletin. [volume] (Rocky Bar, Idaho) 1889-1906, 1890-03-22
TO HELP THE RANCHERs.

States Senate relative TO government
loans TO farmers based on real estate
as security for the same. A few days /
ago, IN advocating the adoption OF his
resolution the Senator said;
"From the earliest civilization there
has existed in all countries the need
OF some commodity that will stand as
a representative OF values through
which exchanges can be made with
out the commodities themselves being
passed from hand 10 hand. In pro-
cess OF time gold and silver came Into
use for the purpose of equalizing ex
change, and to-day when stamped by
responsible governments these metals
have value as money far beyond any
possible value they might have were
they only used in the arts. Money be-
con es valuable as il stimulates indus
try and facilitates the exchange Of the
productions Of mems labor. A govern
ment bond ID valuable TO the holder
on account OF the interest II earns.
As an energetic factor in the transac
tons of men, it only amounts 10 the
percentage which 10 draws; but which
the bondholders by depositing il with
the government receive hack 80 per
cent in government bills, 80 per cent
of its value become energized into an
active commodity. giving employment
to the energies Of the country. In
like manner il the farmer were able TO
borrow from the government without
interest certain amount OF its bills,
giving his farm as security therefor,
To that extent his land would become
an active force and he would be en-
abled. while giving employment TO the
extent of the money loaned HIM, TO
improve his farm and increase its
value TO the full extent OF the loan.
Thus the government loan would be
doing double duty. Now, the activi-
ties of this money do not terminate
with its expenditure by the farmer.
Those who have received il in their
turn will make use Of il as an energize-
ing factor in the forces OF life 10 an in.
definite period. AS money employees
labor il brings TO life continuing
force, labor begitting labor as certainly
as its fruits are valuable. Another way
by which we can appreciate what
money actively used may perform in
the settlement OF balances is to be
produced and exchanged compared
with the amount Of money in circula'
ton How far the boundless resources
81 our country shall be put into nc
tivity depends not only upon the nc.
tive industry Of our people, but upon
the power necessary 10 induce that in
dusiry, and il should be a fostering
care of government TO see that such
industry receives encouragement. An
abundant supply of money means u
individuals of capacity a field for the
use of their abilities in prosecuting
their various callings OF life, and vii
be particularly valuable 10 association
OF individuals by aiFording them iacil
tiles for obtaining capital for transac
iions OF money means universal actiy
lily, bringing every kind of business
An abundance brings in its train all til,
blessings that belong to the constant,
employed industries of intelligen. PEG
pie. II these proposed loans could b
made by the government without risk
j do not think there would be any ser
ious obstacle in the work OF the accom-
lishment of the object Of this resolu
ton. In my opinion, ample protec
tion would be afforded the government
il il limited its loan 10 one-half or one
quarter OF the assessed value OF tn
property given as security, and upoI
the appraisement of government Off
GERS especially selected for that duty
1t seems to me the great thought o
humanity should be how TO adyanc
the great multitude Of toilers, increas
their power Of production and elevat,
their condition. We know that grea
improvement is within the provision
OF Providence and in the prosperity o
the masses OF the people the prosper
ity Of all is assured. Man is the right
full heir to peace and prosperity, an,
very much depends upon the INTEL
gence of government TO represent tn
associated capacities and interests o
the whole. To me, one OF the mos
effective means of placing at man
disposal the force Inherent in the valu,
of property is in thoroughly furnish
ing u bountiful supply of money base'
upon unquestioned and secure values.
Representative Lodge, Of Massaehu
Eetts, has introduced into the Hous