The new North-west., 1890-03-14
STANFORD HAS A PLAN.
A Resolution Authorizing Government Loans
on Real Estate.

WASHINGTON, March 10.-Senator Stan
ford, in presenting his resolution to the
Senate to-day, relative to government loans
on real estate, said: "From the earliest civ
ilization there has existed in all countries
the need Of some commodity that will
stand as the representative Of values,
through which exchanges can be made
without the commodities themselve being
passed from hand to hand. In the process
of time gold and silver came into use fer
this purpose Of equalizing exchange, and
| to-day, when stamped by responsible gov
ernments, these metals have value as
money far beyond any possible value they
might have were they only used in the
arts. Money becomes valuable rs it stimu
lates industry and facilitates exchange Of
the products of mems labor. The govern
mcnt bond is valuable to the holder on nc
count Of the interest it earns. AS an ener-
getic factor in the transactions Of men. it
only amounts to the percentage which it
draws; but when bondh olders, by deposit
ing it with the government, received back
30 per cent. in government bills, 90 per
cent. of its value becomes energized into
an active commodity, giving employment
to the energies Of the country. In like
manner if farmers were able to borrow
from the government without interest, GER
tain amounts Of its bills, giving his farm as
security therefor, to that extent his land
would become an active force and he
would be enabled, while giving employ
ment to the extent of money loaned him
to improve his farm and increase its value
to the full amount Of the loan. Thus tho
government would be doing double duty
Now, the activities of this money do no
terminate with its expenditures by the
farmer; those who have received it in thci
, turn will make use of 1t as an energizint
. factor in the forces Of life to an indefinite
period. AS money employs labor it brings
to life the continuing force of labor, beget
ting labor as certainly as its fruits are val
liable. Another way by which We can ap
| preciate what money actively used ma,
perform is in the settlement Of balances t
} duced and exchanged compared with til.
amount Of money IN circulation. How ia
, the boundlcss resources Of our countr,
shall be put into activity depends not onl,
upon the active industry Of our people, bu
upon the power necessary to induce tha
j industry; and it should be the fostering
care Of the government to see that such in
dustry receives encouragement in an abun
dant supply OF money that goes to the in
dividual Of capacity in the field for the us
r Of these abilities in prosecuting thei
, various callings OF life, and will be parte
| | ulnrly valuable to associations Of individ
uals by affording them facilities for obtain
ing capital for the transaction of ever
kind of business. An abundance Of none
, means universal activity, bringing i'll it
| train all the blessings that belong to a con
stantly employed, industrious and intclli
!, gent people. If these proposed loan
could be made by the government withou
! risk, ! do not think there would be an
!, serious obstacle in the way of the accom-
plishment of the object of this resolution
, In my opinion ample protection would b
t | afforded the movement if 1t limited its loa
" one Hall OF one quarter tllt hsStsSe
value Of the property given as security
!. and upon the appraisement of governmeu
officers especially selected for that dut,
1t seems to me the great thought of human
, | ity should be how to advantage the gre;
= multitude Of toilers. increase their powc
of production and elevate their conditions
r We know that great improvements With
!. the provisions of providence, and i'll tn
prosperity of the masses Of the people tn
prosperity of all is assured. Man is til
| rightful heir to peace and prosperity, an
< very much depends upon the intelligcnc
! of governments to represent the associate
capacities and interests Of the whole. T
me, one of the most effective means
placing at mans disposal the force inh,
q rent in the value of property is thorough
: furnishing hountifnl supply of none,
based upon un1uestioned and secur
!. values"