The Globe-republican., 1890-02-19
FROM THE KANSAS FAKMER.
THE WAY OUT.-No. 8.
Pars Five.
BENEFITS EXPECTED TO FOLLOW.
,,,h3nh 4 n AvvHnOfAI

BENEFITS EXPECTED TO FOLLOW.
Among the benefits which It is expected
will logically follow the adoption of the
plan proposed in s'The Way Out" the
following may be written as the most i'm
portant:
/. Destruction of the money power,
which is the aggregate commercial infiu-
ence of men who deal In money rs a
commodity, virtually operating as mon
ey combine.
2. A higher standard in practical pol
itics.
3. The Swing to their owners of mil
lion homes.
4. The establishment of methods to as
sist the farmers. mechanics and manu-
neutrality-suspicious. generally, to secure
the use of money for short time on
pledges of personal property in private
or public warehouses.
). Assistance to persons of limited
means in purchasing homes. and aid to
settlers on public lands in paying for
them and improving them.
G. Assistance to individual persons
through organization-as oranges, alli-
ances. unions, building associations, etc.
Z. The equalization of Profits.
s. Establishment Of government saw
ings banks.
8. The final establishment of a correct
monetary system, limiting the use Of
money to its proper functions, a wide
distribution of money. getting it to the
people as they need it and without charge
beyond its actual cost.
Let us extend these outlines little that
we may have larger and better view Of
them.
First.-If there is any proposition in
political economy which may be re-
garded as established so as to be univer-
sally conceded. it is this: That prices Of
commodities in general are affected by
the volume of the circulating medium
money. A large volume of circulating
money long continued. prices rise; small
volume, long continued. prices fall. 1t
follows logically and practically, that
whoever controls the volume of money
in circulation controls prices. If, then
the people control the money volume. as
is proposed in 1.-The Way Out the peo-
pie will control prices. That will be the
destruction of the money power, and the
emancipation of labor.
Second.-With the destruction of the
money power, the death knell in gam
bling in grain and other commodities will
be sounded; for the business of the
worst men on earth will have been broken
up, and the mainstay of the gamblers re-
moved. 1t will be an easy matter. after
the greater villains have been shorn of
their power, to clip the wings of the lit
tie ones. Once get rid of the men who
hold the country by the throat, the par
asites can be easily removed.
Third.-Unless relief is afforded to
most of the farmers and other producing
people whose homes are mortgaged, they
will be homeless in a very few years; and
it is evident to all who have carefully
studied the situation that relief, if it
come at all. must come through reduction
OF interest rates to figure which can be
paid, leaving something to pay on the
principal.
Fourth.-As things are now, persons
of small means. they who most need as
sistance, are dealt with the most merci-
lessly. and it is not because they do not
offer security. but because they are too
needy to quarrel with robber. If a bu-
reau and table will secure an interest
rate of $50 per cent, surely the same ar
ticles will secure rate Of three per cent.
Farmers can erect their own warehouse
and store grain and cheese and butter
and eggs and meat in them, and borrow
money on the deposit checks, or ware
house receipts. Fifty farmers, with an
aggregate cash capital of 81, 900 or more
may start bank of their own. if they
prefer. depOsiting that amount of lawful
money in the treasury at Washington and
receiving bank notes to use in their bus
mess. Mechanics and manufacturers
may join with the farmers or build their
own warehouses. storing goods until
needed, borrowing money if needed on
the receipts. And the same as to work.
ing people generally. Under well reg
ulated system of appraisement. general
warehouse for producers of all classes,
would furnish the means of storing the
best securities in the world-food. cloth
ing and other needful articles which lose
nothing in value by being housed a few
months. Cities, counties and township.
might he authorized by law to erect the
necessary buildings and select the agent.
to conduct the business. If not done by
the public in general. then let associa.
lions of individuals. rs oranges. alliances
building associations. investment compa'
mics and the like take charge of tn,