Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1891-11-18
FARMERS ALLIANCE.
ALLIANCE NOTES

self two or three times Thirty -one
thousand people own one-half Of all
the wealth in the United Statea
Government to banks ct one per
cent. banks to people at eight to
twenty-five per cent Why not govern
ment to people at one per cent where
they can furnish undoubted security?
The American people haven't the
least idea in the world Of repudiating
their debts. but they will repudiate
most thoroughly the old political
parties that have made It well nigh i'm
possible for them to pay their debts
Nonconformist.
The government is furnishing
money to the national banks at one
per cent. upon United States bonds as
security. Now let it extend this favor
to those who can give real estate Sc
curity, and things will brighten up
Missouri World.
Legislation in the interest of the
farmers cannot be class legislation.
They constitute a majority Of the
population and whatever shall be done
for the majority cannot be for a class.
A class must be the minority, in the
sense in which class legislation is used.
Alliance Herald.
Anything to beat the peoples party.
'1f you cannot vote the republican
ticket don't vote for the peoples party,
but vote for the democratic party, 2"
said Gov. Anthony. This clearly shows
where the fight is in this county. You
may not think so, but it is right where
1t was in the state last fall-between
the republicans and peoples party.
The democrats are the third party
Kansas City (Kan.) Sun.
The North American, discussing
the national banking system, says that
any half dozen men can get the same
privileges extended to bankers if they
will purchase bonds on the same plan.
That is a powerful argument indeed.
Most anybody could be president of
the United States if they could get
votes. But we can't all be president
and we can't all be bankers Raleigh
On. c. Progressive Farmer.
The Capital solemnly asserts that
national banks lose money on their is
sue. Is the Capital joking? Does
friend Hudson expect his readers to
believe such stuff as that? Are nation
al bankers in that business for profit or
for their health? Perhaps philanthropy
is the governing motive. If national
banking is a losing business why is
there such anxiety to perpetuate the
system? Will Bro. Hudson please ex-
plain?-Topeka Advocate.
"A government, the laws of which
make money necessity to its citizens,
should supply the demand thus created
at just rate of interest A just rate
is one that producers of wealth can af-
ford to pay from the profits of their in
dustry. If such annual average profit
is (as at presently less than two per
cent, and the average annual interest
| is (say) seven per cent, the wealth of
those who pay this rate is certain to
| pass into the possession of those who
receive it.-Metallic Money and Hard
| Times
Civilized nations have by law
designated the precious metals as the
material of money. It is important to
know the motive that prompted such
| action If, as will be conceded, an in
creasing population and commerce de-
mand an increase Of money, what
legislation that makes such in
creased supply dependent upon the ac-
cidental discovery of these metals in
quantities sufficient to meet the in
creased demand? If the wisdom of
such action is not apparent what may
not further inquiry reveal?-Metallic
Money and Hard Times.
Mr.. Film found ten-dollar gold
piece, and was right glad Of it Rub
bing his hands in glee he said to him
self: 81 will go now and pay my rent +"
He did so. The landlord paid the ten
dollars to farmer for corn, and the
farmer meeting Film, who by the way
was carpenter, and the farmer owed
him ten dollars for building his corn
crib. He gave the ten-dollar gold piece
learned that the coin was counterfeit
, Query: Was Films rent paid? Did the
landlord pay for the corn? Did the
farmer pay Film for his laborP Verify,
the fellow who talks intrinsic value in
money is a great blockhead. Indus
trial Union.
| -"Oh, say the advocates of the single
gold standard, I'VE want honest mon
ey." Oh, yes, honest money! Is that an
honest yard-stick that is constantly
growing longer? Is that an honest
pound weight that is all the time get
ting heavier? Is that any more an
honest dollar that is all the time get
ting dearer? With Sherman and Nc
Kinley the longer the yardstick gets
the ''honester," apparently, it becomes;
and, in like manner, the bigger or
more valuable the dollar the ''honester''
that, and that only. is an honest dollar
which maintains stable relations to
commodities and preserves an even
balance between debtor and creditor =
Gen A. j. Warner.
John Thompson, vice-president of
the Chase National bank, New York,
thus describes our condition in Rhoade' s
Journal of Banking, April, 1888: THE
banking institutions of the United
States are to-day liable for demands
which could be made upon them to the
extent of $40. 19 per inhabitant, and To
pay which they would have only S12. 20,
or would be short to the extent of S63 90
for each claim of S76. 10. It NAV be
thought that this leads to q gloomy
view of the money situation; neverthe.
less it is an unembellished presentation
of facts To add to this difficulty, the
pushing enterprise of our people con.
stantly increases the sums Of money
necessary to give it free scope, and we
can arrive at but one conclusion, thai
II we wish to relieve our present strin
gency in money matters and stem the
current on which we are drifting TO-
ward greater panics and suffering thar
we have ever had, we must have some
system which will at once give as q
larger circulation in proportion to the
demands and increase Of the popula,
ton"
IF NOT, WHY NOT2
Money Issued Direct to the People Woult
4 AutOmaffeaf RADnIakA and AdfrTaf III