The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1891-10-23
A MONETARY PLAN.

FRAT Paper Currency a. Good a. Coin. On
Conf unCtIon vita q Postal banking sya-
teun 10 Secure NeceaEary FIsEtEIIlty Of
Supply O. Interest Rates Productive la
duatry Can AGoEd co Pay.
1t being the conceded duty of con-
Frcss TO provide a sufficient volume OF
legal tender currency for the people of
the United States 90 transact their
business on q cash basiz aud IL being
evident that a large increase OF cur
reney and improved methods OF putting
it into circulation are the paramount
public necessities, the peoples party OF
the state OF Kansas recommeuds the
adoption OF the following demands as
the financial plank Of the peoples
party presidential platform for 1892;
We demand the prohibition OF bank cur
reucy.
We demand tho free and uaIimited coin
age OF silver aud gold az tbeIr present ratio
% weight and nuenessi with option OF GER
tihcatss OF fractional currency la exchange
for coin or bullion az all times
We demand that she money OF the United
states consist OF lys Ereenbsck currency,
coin, and coin certificates, all equally legal
tender for all debts aud obligations, pub. ic
and private provided that present out
standing Unitel states q aud sta per cent
bonds and Interest," upon postal savings
bank deposits shah be paid in coin. 60 be
obtained so Tar as needed for those purposes
through tarIn duties. OF which not less than
one hail shalt be payable in gsecnbacE cur
Tency. BY coin ts meant either silver or
gold without fstiuct.Uu.
We demand that Co put ErceubaCE cur
rency tn-o circulation tWitnout mourning
the dangers Involved Tn Ceutraiiziug the
I money loauiuE business OF she country an
I der control OF national admin Istrauious 60
Corruptly and opprCs- .veiy pCrpetuare them
selves, us is done through the national
banking systenl that such currency De
gpsctive states and territories. leaving each
at liberty 60 adopt its own method OF putting
| les share os Currencv into circulation. and
| changing its me5hois as eEporience sug-
gests-
/ We demand that when a state or territory
. has n law submitted Co and approved by a
Z vote Of Its citizens. rrovIdlnE Tor the issue
] Of its bonds !u exchange for legal tender
l EreCuDaCE currency and providing how It
] Will put such currency into circulation, it
] shall be entitled Co receive such currency
! from ths national treasury up to $50 per
] capita OF it5 population. as determined by
t the United states crIsus, ia par cEchaug ge
{ for its bonds bearing EreenbaCE interest Ht
t the rate OF one ptr cent per auuu1nt payable
] annually, and i1r.pl payable in green
we demand that un orIer to provide the
people OF the United States Win savings
facilities equal O. those enjoyed by the
. uIonarChIaI countries OF Eurbpes 20 lIupurt
a necessary szibIiIty of volume TO the cur
Iu accordance with tHe coming and going OF
I cron seasous- TO enable productiye INDUSTRY
/ 20 obtain loans on .u4perIshabIe farm prod o.
Z ucts and other BJul security nc rates labor
can anord 90 pay Tor the use of cap taI. and
70 assist I'm maintaining Ero,nback cur
rency ana com 90 par value ~ ith cacn
I other) the United States shall establish
I "a postal slTluEH bank system 20 receive
and repay deposits on demand d
bearing coin Interest at the rate OF one half
cent per day on each 100 (Which is less than
/ two per cent iur rest per uuuum) and ca
] prevent oppUessiVH contraction OF currency
! through lts EetiTement into such deposits
] the rate OF Interest upon them shall duerCls q
] ia proportion 90 tHu amount OF currency lu-
I vested lu them bF each deposit stipulatlul
} that at the time ut which tho ggVerUmc ION
] converts it into currency "a reduction OF one
l fortleth OF les accrued Interest shall be made
I Tor every ,lOJ. .0l0.U OF such deposits ono lhI
. ly published o outstanding on the FIRST day
/ Of tho month Ia which such Convors ion ii
Z demanded Tue interest of postal saw iu 81
bank deposits shall be payable lu silver ui
I gold coin or their certificates, or lu coll
/ drafts upon the national treasury, Wlthou
able only by Couvertibility into greeubuck
81 currency. stated, and sufficient supply
% Of currency funded into such deposits shat
% be kept on hand Ia the national trcu suFl
o. and throughout thg country for red en- ptior
Q OF CgrtinCltCs on demand
: We demand that the further Issuing OF re
4 funding of public bonds or obligations %
Z est on postal savings bank deposits, and th
/ making OF currency FedesmaIlg IN coin, %
Z masking COIN silver OF gold. Df any supeElo
Q I legal tender power TO each other or @
/ greeHbucE currency shalt be prohibited
- TThe above monetary plan Is sui
b mitted by j. r Graham, of the Em
] poria (Ksn-j Gazette, for the Considera
r tiou and approval OF the peoples part
/, OF the state of Kansas and OF tn
{ United States, as a better camPuig
e issue than the land, sub-treasury, O
D other government loan schemes