The great West. [volume] (St. Paul, Minn.) 1889-18??, 1891-10-02
DEbT-PRoDUCER
DEBT LITTER?

A New Era About to Dawn Upon
the Earth-in Which Human
ity is Enthroned.
Now that the laboAng element OF
the world is fairly awakened to the
fact that one-tenth of the population
live in luxury off from the toll OF the
other nine-tenths, it remains to be
seen whether the nine-tenths have
manhood enough to act as becomes
patriots. .
After the twenty-seven years of ter
rible trial of the plutocratic plan it
has at last been discovered, and
made visible to the naked eye, that
the plutocratic system is a robber-
system. 1t is known today by every
intelligent man-who has kept up
with the times-that every dollar is
sued by the government through it's
banking institution is a Borrowed"
dollar. That is-not one single dol
lar can get into existence, or circula-
ton, until it has been borrowed. A
note or mortgage debt must go be-
hind a private counter before one
single dollar of government money is
f1Oated.
OF course money must be had
must be "issued." Every nation on
earth has to issue money. The ma
tion is back of it. The nation is re-
sponsible for it. But in this country
that money is given, without return
or recompense, to bankers-to loan
at private profit, SO that not one
dollar can appear I'm the marts OF the
world until some man has run in
debt" for it.
Let the people of this country once
fairly we'll understand the iniquity of
the national banking system and it
will be destroyed by means either
peaceful or forceful, as circumstances
demand. That a so-called intelligent
republic could have endured such q
barbarism 50 long is an astonish-
ment.
Just weigh the matter in all it's
ugly truth: That money is given to
men without recompense, in order
that a class of men may compel a
debt to them before a dollar can ex-
ist. The interest on the debt goes to
build up private fortunes, and the
public is taxed thus terribly taxed
g to 60 per cent a. year-by the
very existence OF money-to build up
an untitled nobility at public expense.
1t is shameful, cruel, barbaric.
In place of this monumental crime
against the people, the Peoples Party
says:
"Away with this fat, rag-baby,
sawdust-stuffed, unsecured, non-legal-
tender nationalbank currency
backed by bonds, and the bonds
nothing but huge fat greenbacks
backed by faith, rags, sawdust,
wind (We are merely using the
terms applied by the modern idiot to
the greenback)l Away with these
bonds and fiat national bank cur.
rency' Give the nation bonds one
to 500 in size, which do not bear in.
terest! Give them to the nation Sc.
cured by the nations property, and
give them out in payment OF the Peo.
pies debts. No longer support a
horde ofnational non-producing pau
pers by loaning out a Debt-compel
ling fiat currency, but by legitimate
ly issuing secured Debt-lifting cur
rency-every dollar of which is as
good in Asia or Europe as il
America!"
ON WHAT KIND OF PROPERTY
can it be secured? What a question
to ask! What system OF public out
rage has been perpetrated that sucf
a question can be asked? Why, al
infinite wrong has caused the ques
ton: The national plutocracy or
dained in the Banking Act that not
one dollar of their unsecured fiat
bank currency should be loaned OF
farms! And thus by this awful an6
damnable shame they cast obloquy
on the only property" known te
man.
What kind of property shall b.
used as security?
Go ask the marts of trade. In anG
ask the Probate Courts. Go and ash
the assessment rolls. And every
avenue of trade and every schedule O
fixed values will inform you that
there is but one actual property il
existence! Why, human Language
tells you this. What are machines