The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1892-07-26
THE BEST PLAN OF PUTTING
MONEY INTO CIRCULATION. 4

Mr.. EDIToR:-Money is created to
make exchange, pay taxes and Gebts.
AS it has no other function, it should
be confined to performing these. Money
is not wealth but is the sign of wealth
to be exchanged and it is created by
the people for their convenience, and it
should, be put into circulation with
least expense to the people. Money is
intended to circulate and the plan that
will put it into circulation and continue
it with the least expense to the people
is the best. The issuing Of money and
putting it into circulation must be
viewed from a business standpoint,
making it perform its function with
the least expense to the people. The
Alliance and financial reformers are
not welded to any particular plan and
they will accept any that will put
money into circulation with the least
expense to the people. The plan for
mulated by the Alliance OF lOaning
money at two per cent. on rea. estate,
calls for officers in every county to ex-
anime property and place the money
and make collections. The expenses
of these officers would amount 70 a
large sum in the aggregate and the
wealth they could produce would be
lost to the nation. A large part of the
two per cent. would be absorbed by
these officers. The cheapest plan Of
putting money into circulation yet
formulated is for the United States
Government to issue 50 much per
capita each year until there is a sufi-
cient volume of money to transact the
business of the country on a cash basis
and send each State its quote and dis
tribute this to each county and let
every man, woman and child receive
an equal portion. If we bring u cir
culation up to fifty dollars per capita
we will have to issue about thirty dol
lars to each man, woman and child.
If we issue six dollars per capita each
year it will take five years to bring the
circulation up to the desired standard.
This plan will cost about o%ne-fourth of
one per cent. for issuing and distribut-
ing the money and once in circulation
it will not tax our industries any more.
This plan is simpler thaRany yet pro
posed and dispenses with a horde of
officers and expenses. 1t is the faireot
plan as it gives to all that which be-
longs to them. The Alliance plan in
tends this to be a government of the
people, by the people and for the p8o-
pie. This money IS the credit of the
people and it Is fair that each should
receive their share. Six dollars per
capita would give us the first year
about four hundred and twenty million
dollars. This amount of money equally
distributed among the people would
bring immediate prosperity to many
industries. Debts would be paid, stores
emptied and factories run on full time.
ENvorxI ~ I1IaEry would raaO1I-o roo-- I:Fo
from this life blood and the wheels of
industry would respond at once. This
plan of putting life blood into our in
dustries will prove popular with all
classes as all the trades would feel the
benefit sooner than if this money went
into the hands of the few having real
estate. This plan is free from all OBJ
jectiOns of class legislatiOn and is based
on pure Democracy. 1t is impossible
for any one to bring any objections to
this plan. The corrupt methods of the
money power working through the
two old parties will compel us to adopt
this method of putting money into cir
culatiOn. The money power relies on
their money and the floating vote to
secure their ends. 1t will be impOssi-
BILE for this class to control the floating
vote while we have the power to offer
such inducements to vote the Peoples
ticket. We could assure them more
money than they could possibly receive
from any other source with the posi-
tive assurance that, once in power, we
would place them where they could fix
a living price upon their labor and free
them from poverty. In the coming
battle for financial and political liberty
we will have to use all the honorable
me ans God and nature has placed at
our disposal. This battle calls for a
union of all the industrial elements in
Guiding the middlemen. The annals
of history does not furnish a single ex-
ample Of a nation, fettered financially
as we are, regaining their liberty.
This fact should teach us the desperate
nature of the enemy we have to meet
in deadly combat. The power arraved
against us has never known defeat.
The enemy is self-confident, arrogant,
and will Use all the corrupting means
at his disposal, We must grid on our
armOr and wage an unrelenting war on
this monster Of civilization. 1t is a
war to the death, where no quarters
are to be asked or given. We must
destroy this octopus or it will destroy
our civilization. In our way stands
the machine politicians and office
seekers. Adopt this plan, put strong
candidates in the field, and the writer
will undertake to carry any congr IS
eiOnal district in North Carolina for
the candidates.
RESOLUTIONS.