Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1891-10-28
A MONETARY PLAN.

Fiat Paper Currency ~ Good ~ Coin, IN
Conjunction With . Postal Banking syO-
tom 90 Secure Necessary Flex1bIlity 81
Supply at Interest Rates Productive In
duStry Can AFFORD to Pay.
1t being the conceded duty of con-
gress 70 provide a sufficient volume Of
legal tender currency for the people OF
the United States to transact their
business on a cash basis, and 1t being
evident that a large increase Of our
renoy and improved methods Of putting
II into circulation are the paramount
public necessities, the peoples party Of
the state of Kansas recommends tho
adoption Of the following demands as
the financial plank of the peoples
party presidential platform for 1892:
We demand the prohibition of bank cur
rsncT.
We demand the free and unlimited coin
age OF silver and gold at their present ratio
OF weight and fineness, with option of GER
tlncates or fractional currency In exchange
for coin or bullion at all times.
We demand that the money Of the United
States consist Of It's greenbaok currency,
ooin, ana coin certificates, all equally legal
tender for all debts and obligations, public
and private, provided that present out.
standing United States 4 and AZ per cent
bonds and interest upon postal savings
bank deposits shall be paid in coin. to be
obtained so far as needed for those purposes
through tariff duties. of which not less than
one half shall be payable in greenback cur.
rency. By coin Is meant either silver or
gold without distinction.
We demand that to put greenback cur
rency into circulation without mourning
the dangers involved In centralizinR the
money loaning business of the country I'M
der control OF national administrations to
eorruptly and oppressively perpetuate them
selves as Is done through the national
banking systsm) that such currency be
originally Issued by way of loans to the re-
spootive states and territories, leaving each
at liberty to adopt its own method Of putting
Its share of currency into circulation, and
changing Its methods as experience sug-
gests.
We demand that when a state or TERRITORY
has law submitted to and approved by a
vote OF its citizens, providing for the issue
OF It's bonds In exchange for legal tender
gIeenback currency and providing how it
VIII put such currency into circulation it
shall be entitled to receive such currency
from the national treasury up to $50 per
capita OF It's population, as determined by
the United States census, in par exchange
Tor It's bonds bearing greenback interest az
the rate of one per cent per annum, payable
annually, and principal payable In green
backs at option.
We demand that Tin order to provide the
people OF the United States with savings
monarohlal countries OF Europe; to Impair
necessary fieXibility of volume to the our
Penoy so that 1t may increase and decrease
In accordance with the coming and going of
crop seasonsi to enable productive Industry
TO obtain loans on imperishablO farm prod
ucts and other good security at rates labor
can afford to pay for the use OF capital. ana
60 assist In maintaining greenbaok cur.
rency and coin Mt par value with each
othsr) the United States shall establish
q ha
and repay deposits on demand
bearing coin interest at the rate of one half
cent per day on each 500 (Which 70 less than
two per cent. interest per annum) and to
prevent oppressive contraction of currency
through Its retirement into such deposits.
the rate OF interest upon them shall decrease
In proportion to the amount of currency In.
vested In them by each deposit stipulatInR
that at the time at which the governments
converts II into currency q reduction of one.
tortieth OF Its accrued interest shall be made
Tor every 500, 0O00O0 of such deposits ofdciAl.
~ published as outstanding on the arst day
OF the month In which such conversion II
demanded. The interest OF postal sayinRa
bank deposits shall be payable In silver or
gold colin or their certificates, or In coin
drafts upon the national treasury without
distinction, but their principal shall be paw.
able only by oonvertlbillty into greenback
currency. as stated, and a sufficient supplv
ofourrency funded into such deposits shall
be kept on hand In the national treasury
and throughout the country for REDEMPTION
OF certificates on demand.
We demand that the further Issuing or re-
funding of public bonds or obligations OF
any kind payabi elm coin. except coin inter
est on postal savings bank deposits, and the
making of currency redeemablo In ooIn, or
making coin, silver or gold. OF any superior
legal tender power TO each other or to
greenback currency, shall be prohibited
THE above monetary plan is sub
mitted by j. R Graham, of the EN-
poria (Kan.) Gazette, for the considera-
ton and approval of the peoples party
of the state of Kansas and of the
United States, as a better campaign
issue than the land, sub-treasury, or
other government loan schemes