The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1891-10-09

power, equal access to the oPportuui-
ties and privileges of life. 1t has no
right to delegate its powers, or relegate
any of its functions to private individ-
uals, or associations of men
In creating the national banking sya-
TEN, 1t did this, and established a pre-
cedent in class Legislation, inaugural
ing a system of favoritism which is in
defensible 1t would be very unwise
for the government to repeat the error
and exchange one variety Of favOritism
for another, or one system of class
Legislation for any substitute of the
same character.
We do not propose to discuss the kind
of money that the government shall
issue, or whether we shall have mono
metalism or bi-metalism- Whether
our currency be of one or many kinds,
it should be issued direct to the people
As the government cannot distribute
currency on a per capita basis, there
must be some method by which the
currency shall be made accessible to
the people. What this method shall be
is "a very important question
We are acquainted with the various
plans for loauing on land or real estate
security and on non-perishabls prod
ucts. In considering both of these
plans they have generally been restrict
ed to agricultural land and products
alone No argument has yet been pre-
seuteG, indeed, no argument could be
presented which would justify such a
limitation We have had too much
class legislation already.
Tariff, corporate and banking legisla-
ticn, iniquitous and unjustidable, rem
ders any suggestion of any extension
of class legislation obnoxious IN the ex-
trsme- Whatever system the govern
ment may adopt, It must include in its
/ scope all Legitimate industry and all
I classes of citizens II we are to have a
national loan system, its benefits must
/ be accessible to all citizens engaged in
/ honorable cauings. We cannot 90 into
the details Of its application, at this
/ stage OF our discussion, but simply af-
firm that patiotism and regard for
I human rights will not permit us TO
sanction any Legislation which partalzes
/ of the favoritism that distinguishes our
I tariff laws
The question Of what is and shat is
not proper security, and of Limitations
/ and regulations, can be deferred until
I the principle is established.
The second proposition, which must
necessarily be a part Of any system in
cludiug the first, is provision for the Sc
curity and utilization of the surplus
I eGEnings Of the people An the capital
[ of this country is not owned by the
| class generally included in the term
.
/ dollars represent the surplus earnings
Z of industrious workers ia town and
I city, as well as in the agricultural dis
Z tricts- II the government is to be a
{ loan agent, It must necessarily utilize
/ these accumulated savings Legisla-
I tion for government loans which does
not include this idea viii have a tsus
dency to legislste ell the earning
t power out OF these saviuRs-
The government caauot properly en-
I ter into competitipn with its cilizeuA
I II has functions Of its OWL but in their
proper exercise II viii never be a com
Z petitoF with its own citizens Thus,
I If The government Is to become aloausF
7 OF money. IL must necessarily becowe G
] the Only lozuer OF money. and in that
case must utilize the accumulated cap
isal now distributed throughout the
V-trious agencies operating under the
Z present orgauizatiou Of finance Take,
{ for instance, -he loans upon real ss-
tate a large part OF the capital novv
represented by these loans Is owned By
I people IN moderate circumstance.
thriftgs prosperous farmers. mechanic
] and others. whose money has been