Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1890-12-24

farmer. hut the relief of all classes. It
Is not to loan money to the small farm
or alone but to have all loaning done
Dy the Government on all land, and to
oraW all interest pro rata to all people.
III small landowner recei we'd loan,
his interest would lessen the burden of
taxation to that small degree; but If the
large landowner continued to borrow
from private sources, his large amount
OF interest would benefit no one save
the Shylock receiving the tribute; but
the moment this large landowner also
7 borrowed from the Government, that
moment won the people receive the
benefit OF his interest and the small
landowner, his neighb Dor, would receive
the benefit to his small land-holding by
the decrease of his taxes and the in
crease of the prce of his product
through the increase in the volume of
currency.
The landless poor would at once feel
the benefit of this large land-holder's
mortgage to the Government in the in
crease OF the price of his labor, through
increase of currency. and the increase
OF employment, for plenty of money
makes plenty of employment, and
plenty of employment makes plenty of
demand for labor, and plenty of demand
for labor raises wages, and thus would
land currency be boon unto the land
less poor as we'll as a blessing to the
small land-holder
But land currency would do more
than this for the landless and poor.
The mortgages on land being held by
the Government the mortgages on all
land-holders, both great and small, be-
ing held by the Government, and each
poor man, woman and child being part
OF the Government each poor man,
woman and child therefore, would hold
pro rata mortgage of all land mort
gagged (the more the better) and would
receive the benefit of the interest flow
ing therefrom
The benefit thus flowing to the whole
people would appear to each person in
the increase of return for labor, and the
deduction of the cost of usury and tax
from the cost of commodities Thus
would human effort become high-priced,
and human provender and supply pro-
portionately low-priced. Thus would
each and every person derive the full
benefit of Gods earth, and the usurers'
shave, or tribute on money, cease. Thus
would the people be relieved Of every
exaction now cursing them, by the
naturalization of money and the
actual naturalization of land itself
through land currency.
The fat money advocates seem not to
entered into the spirit of land currency,
and before closing this letter l would
like to draw attention for a moment to
the personnel of this form of money
loaned by the people on land. When
the land-holder presents himself to the
people for loan and receives their
land currency, what has he received but
the fat of the Nation? Nothing else;
for he has received but a paper certi-
ficate, upon which the people have
stamped their fat or money stamp The
Government has simply spoke the
money forth, costing nothing save the
expense of printing, and for which it
receives goodly interest and compels
land possession to pay tribute to the
millions of landless poor Thus land
currency is fiat money; the fiat of the
people to land-holders saying: Your
land is valueless without our labor;
therefore, before you employ us, pay US
tribute for this instrument of ours-our
fat our medium of operation-land
currency. STEPHEN MAYBELL
265 Clara St San Francisco Cal