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


QuIrsrs Answering Questions on Land
Currenoy-FIRt Money In It's Economy
Automatic in Its ISsue-It Turns Our
Debts Into Dollars.
TO the National view:
l take this method as the best and
briefest way to answer the many queries
concerning land currency and no tax
Besides, 1t enables each inquirer to re-
ceive the replies to other departments
Of the subject not contained In their
correspondence, and so affords more
general review of the matter.
The primal truth underlying land our
rency is, that unlike any other form Of
money, the people charge for the use Of
their money-stRmp; whereas hitherto
and at present they simply give itaway.
When metal is coined. the coinage gives
the metal an additional use, and use
more valuable far than the metal itself
Before the metal is coined it is only ex.
changed with some person or persons
who use it for manufacture, but whom
coined 1t becomes instantly exchange
able for all commodities and exchange
able with all persons This, therefore,
places it above all other commodities
uncoined and gives 1t the privilege Of
uniyeral exchangeability, to the disad-
vantage Of every other, and places every
other, consequently, under tribute.
Land currency charges just compensa-
ton or price for the use of this stamp
and, therefore, returns back to the peo-
pie the advantage received by the use
of the stamp, in the form Of interest
All other forms of money but give the
stampaway.
One Of the very ablest writer's of the
day on finance in Americs-George G
Ward, Of Kansas City, Mo.-writes me
q splendid letter, for which am much
indebted, and states that he is dubious
about the mo tax idea" and says he
don't believe it practicable, because
three per cent on 800 per capita would
only yield revenue of S105, COX, 900 pei
annum, or about half enough to pay ex'
pense of the General Government; also,
that the power must DO left with the
States to levy tax To this last would
answer that land currency does not in
terfere with State government Its
county bureaus loan in their respective
counties Deduct from the interest re-
ceived the amount of general tax pro
portionate to county, and turn the bal
ance over to the county or State Treas
ury for 1t to disburse as 1t pleases
Thus land currency no more interferes
with State or municipal governments
than present revenue departments.
But in order to enter into the idea q
land currency and no tax, we must bt
prepared to completely reverse our pres
emit relations of money, for it leaves no
a particle of the present system intact
and the per capita of money we speal
of to-day is entirely foreign to its econ
omy. Therefore, to speak Of 500 PEI
capita as all we need, and that "thre'
per cent on 500 per capita would onl!
pay one-half general expenses" fl
merely speaking from the old effsti
standpoint and looking backward,
like the author of a celebrated TO
nance of that name. who pro
poses, on page 191 of his conglomeratS
mess to mot even allow the industrial
army to vote, ais il would spoil thei
discipline" and who would thus turf
US backward" indeed, and present rs I
select Roman Senate to do our Votip|
for us, not knowing that liberty ant
self-capability are only evolved by en-
franchisement-notg given or bestowed
But, leaving this whilom Nationalist
who has yet to learn that money is thu
ways and means to the naturalization
of all things, and without its national
ization we can nStionalize nothing, VIZ
will return to the idea of 500 beinl
sufficient per capita, and that Il would
not pay one-half general expense, aqf
that consequently, no tax 10 not prac
able
Brother, where do you get this though
that 500 per capita is the bounds? VIII
do you fix this as the limit of individua
necessity? l know it is not enough 70
me, and what ask myself would yiel(
to all men. have 500 and find mysel
cramped indeed Are you not merel.
estimating on the old2 Are you Willing
to allow an automatic system of none!
issue co-equal to necessity, and let thu
necessity hxit not you pip Iknow yo
are for truth and justice, no matter how
reverses the old.
Our present system is all debt and n
money. Usury. advantage. profit rob
berry, is the result on every hand. Tur1
this credit system to . cash basis an
the spoiiation ceases
At present about. SIS, goo, Ooc, GOO is
rather low estimate of the market valu
OF our land and forest II this natura
resource was fully open to labor. whicl
It would be by land currency, doubl
employment would double lands VRlua
ton as certain az the day follows night
and we would have the figure of $50.
600. OOo. 600 instead Of the former Tw
per cent on this would give Us $500.
oO0,O 700, which sum divided among fort
States would give each q yearly interes
Of slH 100000 .~rv-rwr