Dakota farmers' leader. (Canton, S.D.) 1890-19??, 1890-09-12
ARGENTINE REPUBLIC FINANCES.
II. s. .keeter, Of Running Water Tells Some
thing of Their Condition and How
it Came About
An Emphatic Endorsement Of What The
Leader Has Heretofore Said on this
Subject.
OBNOXIOUS SYSTEMS.
Running Water, S. D., Sept.

Running Water, S. D., Sept. 5.
EDITOR FARMERS LEADER
The paper money circulation alone Of
the Argentine Republic, is estimated at
$54O, 600, 600, or more than $40 per capita.
And still financial matters are not alto
gether lovely in that country, nor likely
to be for some time to come.-Sioux City
Journal.
came to my notice. containing the above,
which, with the kind permission of the
LEADER, [ should like to see my answer
appear in it; not for the benefit Of the
Journal alone, but mainly for the farmers
and laborers of the country, who have
been robbed by jhst such public educators
as the Journal and its ilk. I
In the first place, the Journal knows
that the press Of the country is subsidized,
(both democrat and republican, or direct
| ly controlled, by the interested parties of
the great monopolies, and that the truth
has been suppressed from publication,
so much, that the ignoring of the Monroe
doctrine, even by our Legislators, has not
been matter worth mentioning, of late
years, by the press Of the country.
THE MONROE DOCTRINE.
President Monroe's annual message to
congress in 1928, contained the following
sentences: ''We owe it to candor and
the amicable relations existing between
the United States and the allied powers,
to declare that we should consider any
attempt on their part, to extend their sys-
tenn to any portion of this hemisphere, as
dangerous to our peace and safety.
Now, in face of the above doctrine, the
Journal ought to know that our national
banking system, was imported into the
u. S. from England, and more, the Jour
], !, ual knows that the system is the most
fdamnabla and ungodly Of any system
that could be devised; for the reason that
It is based on double usury, and that the
4 hofdersDf u. S. bonds; are released from
taxation, by or under national, state, or
municipal autharity, thus throwing the
burden of support on the shoulders of
labor. They have taught us that the
bonds are security for bank circulation.
This is false, for the reason that the labor
Of the people, and the tilling of the soil
is the basis Of all human existence, aud
any law that looks to any other source
for payment, falls to the ground. The
swapping Of greenbacks or lawful money
for bonds, or the retiring of lawful money
(greenbacSs) and issuing certificates oil
indebtedness, (bank notes. to the corpor
ations, redeemable in coin, does not make
money. But tits one Of the most wilfu
and malicious systems of robbery, eve
conceived in the mind of man They are
ii paid at all, paid by the labor cf tn
4 U. S.; your great protective tariff to tn
contrary, Notwithstanding. Vixen tn
gold dollar in 1861, was worth So, ,S5, AM
the greeslbacl was worth 1886, wha
dollar did they measure those dollars by
Here is the trap that has fooedahe mass
es of the people for centuries, while the
have been carrying on their piratica
financial game, and have been giving u
taffy over.Broduction, market surplus
fictitious prices wild speculation an
extcavagant indebtedness, all and ever
one of these can be explained by the la,
! of effect, caused by the contraction Q
Etlle currency (money) of the country; Q
,Iwhich, first the republican party, Grea
: |. Britain aud the democratic party ar
I Irresponsible. These three and Wall 81
New YorlcCity, are the same All none,
ig national credit AL financial panic
9 are purposely manufactured and are tn
: result ofilaw. "A nation cannot becom
bankrupt, exceptsby wilful and wicket
I: f:Elegislation- All.money islthe measure o
l'Eprice. and d'this measure does not change
81 jfexceptihy positive law. NH money is
'|Eprindipletef mathematics. The Dollar il
! 1.-THE :tally;m unit ,ef account. One hun
4 |measure,e the.d0nar. This is an idea
!: |mathematlcal, spiritual principle. Al
law is spiritual, and congress is the only
:aMthoriAed power in the United States
su1dG can dUllOrlZe Hne issue OF the tally
to represent the ideal. This ideal dollar
must be understood in the mind, and il
} the real dollar, which measures the price
of the gold and silver upon which the fia1
decree of law of the nation is stamped
that we name money. The gold dollar
never was a 2S5 cent dollar, nor was the
greenback a thirty-five cent dollar; there
is no such thing. The fact of the law in
the words, except for duties on imports
and interest on the public debt. and the
law of Feb. 25, 1862, saying that duties
on imports, and interest on the public
debt, (bonds) must be paid in coin, COM
PEELED importers to pay S2S5 to brokers