Indian chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1882-1902, 1891-12-31
FANM oLo KAlNTUcK.
Citizen of Kentucky Formulates a nili
10 Provide Money of Uniform Value aud

| tOinNl tOnihlnAHK iONE hhithith NhA AhhiN
and one half grains OF pure silver, nine
tenths dine, or twenty five and eight. tenth
| gold, nino-tenihs fine, or issuel IN Unite
| states treasury bills IN denominations a
provided hereinafter, and tho said sllve
| and gold coins shall be equally full lega
tender. dollar for dollar for all debts, pub
| llc and pr.vite, and shall be maintained o
a parity with each other, and the Unite
| States treasury bilIs upon the legal rati
provid, for IN this act
2 Th tbs United States treasury bins
prov .ded for by this act, III III be Of demo nj
nations OF net less IN ln one llar or NOR
than one thousan dollnrt and shan b In
terchnngablc with silv or gold OF standar'
value, and the sa d United states trt asur
| bills shall be legal tenders for all debts
| public and private
! T. That the present laws and regulation
for The colaage Of copper. nickla and sub
81 liars silver coins shall be continued. an,
that such coins shall b legal tender for al
debts publ c and private
4 That all god and silv certificates and
! treasury notes h retofOrs issue an In cir
culation as lawful money shall remain ful
| and legal tendtrs for all debts, public ant
| private, until re .eemel as h relnaf.er pro
| vlded
| That the secretary OF hs treasury sh III
| each month, coin not less th IN four millions
| Of dollars OF silver and gold ald shall ssu,
| Unit states treasury bills to The sam'
amount, until thu mon-y volume for circu
laton, above all required reserve funds
sh NJ reach ffty dollars per capita
6. That an absolute parity and equality o
lue shall exist between ths two metals
I'D and sllvo-, when coinel, and the United
States Treasury bills and that no premium
apprec ciatioA or gain shall accrue TO one
above the other, or debascment, deprecla-
tlon or demonet zatlon OF one below the
other, and each shall be rec lvdble for all
deht.. public and private.
7. That hereafter any owner of silver OF
gold bullion. amounting in value to one
hundred id and upwards and suitable
for colnageN deposit the same at any
miu' OF the cd States, 10 be formed into
standard dol an the owners OF said
bullion deposit for coin ga shall have the
option to recet,c coin, or ~ tquY Yalent in
United states treasury bill =. to the full
amount of tho coinage, and said bullion
shall be subs, quently coined.
y That the silvrr or gold bullion coined by
the United states gov rnment und til sact.
sha be subject to the present existing laws
andreRulations OF tho mint service governlr 4
the method for determining the amount of
pure silver or prrc gold contained therein
and tho amount OF charges or deductions to
be ma @ for coinage; and that the marke.
price Of said bullion shall b. 3 con value,
Tess tlt cost OF OlnhZt Ut tue mint NJ Nultu
IL is deposited
O. That from and after the passage Of this
act the treasurer of the United statts shall
redeem. from the neral clsh in ths treas
ury. all lawful pap r currency, bank notes,
gold and stlvec certificates an all paper
cure nry VIII ch shall com into his posse Be-
SION subject 70 rede uption, and upon the
ccrlhca g of the comptroller oi tbs currency
that SUI h notes and currency have been
.ftr.a mil Il aud flaF ~ NOW
notes or similar currency Il be issued in
their plar @, r 'imbur 'ement of tteir am ount
United states treas Try bills viii he made
to th treasurer from an approximation
hereby cr'nted. to be known ns gen raj re
1,mption account, cover d into the tre tsury
as M scelaneous re tenn 1ticn receipts but
that u existing lawful paper currency shall
remain legal tondcr for all debts, blc ana
privtr. un'd redeemed by Unftcd Stats
treasury bill
Ia. That from and after the pass tge Of this
act no determinations shalt be made be.
tween individuals or corporations in con.
tracts for p tyments in one metal exclusive
ly, TO the detriment of tho other. tn It what
ever is accounte lawful moaey for one
American citize1 shall be equally SO ac-
counted to another American citizen and
no preference sbnll obtain for bankers or
bondholdtrs agAinst artisans or nlowholiers
gold and silver and Uuite st t-s ire sury
bills shall be equal. Interchangeable and
legal tender for all debts, public aud private
between all tzens OF the United states
n, That no other money shall issued in
IN Unitcd states than as provided for in
this act and the volume OF currency for cir.
culatlon shall be Issued to the respective
states composing the American union upon
the basis OF hfty dollars per capita per pom
al ltioH. and be deposited In tn STATE treas
utiet ana covered into the United sta o..
treasury by state bonds therefor, that each
stit may share equally the wise provisiors
OF the neral government, an may also
choose its own manner of disbursement of
the sau to the people.
/, That labor being the creator of wcdt1,
and cap tai being the representative OF It's
~ rplus earnings, CHE ret annual inCr aSc
Of national wealth, or "r' sidutj ilcrcm"nt"
r presenting both the earnings of capital
and ne savings Of labor and whereas the
y, lum' OF currency. whether large OF small.
does not control the rate Of interest al
though whatever Interest is pai !, bf whom
ov and for whatev r purpose. eventual
Is plld bv labor, thcr fore tn rate of int r
est must br nationaliZed for the flare OF
the Who'll" people allowing capital it, per
sentu ~ of uSury and labor its per centum OF
interest equally ind "a national rate 6 Z I'M
{ rest. at three PER crntum, l. hereby en-
acted. and no ghcr rate Of int rest shall be
charpod b7 any banking insti ution und r
authority OF the United States government
- the end that money NAV have Its a solute
and fixed value, and thar al classes Of pco- /
pie may Lc its bcnchciarits upon equIl
rms,
is That all exi. ting contrac : between the
United states government and bondh1ldets 4
of tn same. q, vcrning the issuing. payment
of Investments on, and cancellation OF
bonds, are matters subject to congressional I
legislation. AMI are In no way changed by /
HE passage OF this bill
H. That whatever reserve funds may be
necessary for the exnt nses 90 coud Ct uv +
.he various departments OF the government /
and fuldning is obligations, shall DE in cN- /
,ess OF the nifty dollars per capita volum~ |
or circulate n. and said volume shall Dee T
ipnroN mately maintained az such mini I
mum limit
1. That a sum sufficient to carry out the I
provisions Of this act is hereby apnropria- I
ed out Of any monty in the Unitel States I
reasury not otherwise nppropriat ID
Is That this act shall take If ct thirty /
lays after ITS passage and an laws O 7fli,t-
ng " ith the Same are hereby repealed.
This bill definitely fixes equal money /
ip'n equal terms for all the people /
Such money has its fixed value, as the 1
laf bushel measure has its guaranteed /
lua1tity. Next and only factors that .
AN influence its value is the quantity 4
.or circulation and rate of Interest. and /
his is provid ID Tor also in this bill.
As il now is, there i money almost /
absolutely free for some, while 10 is 4
ma 'e by these conditions so dear TO I
,;hers that life's best energies ami f
utilities cannot buy enough Of it 20
procure ordinary comforts and make
,ur homes what the homes OF freemen .
hould be, in enjoy uent and culture,
n peace and prosperity.
This bill makes no exceptions; allows I
10 better money for the bondholder .
han the plowholder, ami IS without
pecial privileges for anybody. II Is in
.ccord with the spirit Of the supreme
aw the constitution # the United \
states which declares that the hum
,lest citizen Of the American union
hall be equal 20 the highest in the
,rotection q his life. liberty and the
tights OF citizenship
The present false financial system IS
lividing the people into r.ch and P0or
lasses; helping the stronger and .