Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1892-02-17
THE BATTLE GROUND.

The Point Upon Which the Earth Rocks II
the Principle Contained in the Land
Loan and Sub-Treasury.
The great warfare to break up the
peoples party-or to unnerve it that its
defeat or success will have little or no
significance in future history-is CEN
tering upon one principle. This one
principle enters into the peoples party
platform in two fundamental princi-
pies of finance:
1st. To provide money for public use
by loaning it at cost rates to the people
themselves, taking security upon home
stead real estate.
I'd. To provide for the necessary ex-
pansion Of the currency during crop
months by loaniug money for tempo
rary use, secured upon the crops which
| produce the demand or expansion.
The first of these elements of new
finance is called the land-loan plan.
The second is known as the sub-treas-
ury plan. Upon these two principles
the great labor party hinges its politi-
cal existence. 1t is for this radical
change in human government that
labor is up ifting its arms, and creating
new political parties
Upon this issue the battle will be
fought, and upon this issue all the
forces of earth and regions under the
earth, are being summoned. There is
no evasion of the issue upon the part
of the peoples party. 1t comes out
fairly, clearly, soundly upon the new
principle. 1t is principle of human
government which may well have
sprung up at the very foot of Gods
throne. 1t embodies more of the love
for my people" than all the declara-
tions of independence and documents
for self-government ever promu gated
for man
This principle is indeed revolutionary.
| 1t strikes down al one supreme stroke
of human in elect the mightiest cita-
del of wrong and oppression ever in
vented in the gloomy history of man
the citadel of financial selfishness by
which few were permitted to up-
build princely fortunes by making
money and selling credit Every gov
ernment on earth, proba bly,, except the
little rep1blic of Switzerland, makes
money artificia'ly, places it in the
hands of the purpie-clad to loan to the
workers OF the world at their own cor
porative profit Thus every dollar be-
comes debt to men who never earned
it-nor rendered an equivalent. This
is national ba liking and bond d-buildinp.
And during all ages the productions OF
man have been marketed only on the
''cre .it-fdnds'' of those who create
nothing To move the cotton, corn.
tobacco and wheat crop of this country
requires the sudden aud immediate ex.
pansion of the money volume near Iy
seven hundred million dollars.
This oppresses every individual In the
nation, and it slowly aud surely burn.
out the prosperity of the producer
his crops must be thrown on th
market at one time, and he become
the bE of syndicates. But the effec
of the Expansion" is felt upon ever,
doorstep and every counter in tn,
world For this 500, 0O0, 900 is not pro
! duced for use- 1t is merely borrow e,
as credit" from across the sea Ever.
J dollar that moves an American crol
costs the producer 1O6 centsi-and on
: every dollar borrowed TO keep his crol
! ont # an overplus market he pays from
} ten to twenty-four per cent interest
: This is rninols to the industry of tn,
world. and the sub-treasuxy saws tn