The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-03-11
STANFORDS REMEDY.
He Believes in Free Circular
tion Of Money.
GOVERNMENT LOANS ON FARMS
Prsssasstisa ~ Novel P1an - the Sen-
sss - Kzess sAs Fsfl Force -
Property yalaea
GOVERNMENT LOANS ON FARMS

wxsHfSsrcx crrr, March 10 Senator Stanford.
IA presenting his resolution tedsy to the Senate
relative 70 gosecumenf loans on real estase. satd
fnss from earliest civilization there he's exigsea
n Al countries . need Of some commodity fhee
VIII stand - . representative Of values. through
which exchanges can be made without the com
uaoditses themselves being passed from hand 70
hand In The process Of time. gold and silver
came into use for the purpose OF eQuaiiffnx En-
change, and today. when stamped BY responsi
Die governments. these metals have value -
mooey fAr beyond any possible value ihsy
might have we're they only used in the arta
Money becomes valuable, ard IL stimulates
Industry and facilitates exchange cf the pre-
ducsions OF men. 4 government bond Is valua-
tse 70 the holder On account OF the interest u
earns A N energetic factor IN the transsc-
tsoas OF men IL only amounts 70 the percsnsasO
watch IL draws when houdholdeu. BY deposit
Ing II with the government receive back 90
per cent in government bills Ninety per cent
at ifs value becomes ererslzed into su active
eosn modify. giving employ mcnt to the energies
OF the country.
In like manner. il the farmers were able TO
borrow from the government. without interest.
certain amount OF Its bsiis, giving hia farm -
security therefor, 20 that extent his land would
heeume IN active force. and be would be en-
shied. while giving employment to the extent
OF the money loaned him 70 improve his farm
and increase is yaIue to the full amount OF the
loan. Thus tie government loan woGld be DO
Tag double cufy.
Now, the activities Of this money do not ter
minsie with IFS expenditure By the farmer
Those who have received il. in their turn viii
maze use OF Il - a enersiztnx factor In the
forces OF life TO the end of final period
Another way by which We can approach what
money actively used may perform in tie settle
ment OF balances is TO be found In the value Of
commodities produced and exchanged. com.
pared with the amount OF money in circulation.
How far the boundless resources OF our country
SHAH be put into activity. not only upon the &c
necessary TO induce that industry. cannot be
oyerestsmafed
1t should be the fostering care OF the govern.
ment 10 see that sueh industry receives en-
eonragement An abundant supply of money
means 10 individuals Of capacity . 6eid TO use
their abilities in prosecuting their various call
iags OF life and viii be psrticlariy valuable TO
associations OF individuals by affordfng them
facilities for obtaining capital for transactions
Of every kind OF business.
An abundance OF money means universal &C
fiyity, bringing in its train all the blessings
that belong 70 constantly employed, industrious.
intelligent people.
III those proposed loans could be made by
tae government without risk, do not think
tnefe wOuld Dc any serious obstacles in the way
OF accomplishment of the object Of this resolu-
ton In my opinion ample protection would
be Afforded the government IL II limited its loan
TO one-haif or one-quArter Of the assessed value
OF property given as security. and upon the ap-
prAisement OF government officers especially Sc
lected for that duty.
III seems to me the great thought Of human
III should be how to take integest In the great
multitude OF toilers, TO increase their power Of
Production AID elevate their condition. We
know great Improvements is within the prosi-
sions OF Providence, aud In the prosperity OF the
masses of the people tie prosperity OF all II
assured.
Man is the rghtfni heir to peace and prosper
ity. sud very much depends upon the intelii-
gence OF governments TO represent associated
scapacities and interests of the whole
10 me one OF the most effective means Of
placing st mans disposal the force inherent in
the value of property Is thoroughly furnishing
eonntiful supply of money based upon an
questioned and secure values"