The great West. [volume] (St. Paul, Minn.) 1889-18??, 1892-05-13
SOUND CURRENCY.
The Peoples Party FAvors tho Only
Honest Money.

Honest Money.
The Republican and Democratic
party leaders look with holy terror
upon the financial question and will
force the tariff to the front and will
ridicule money reform through the
cry of dishonest money. At the same
time every gold and silver dollar is
only evidence of debt and until both
are demonetized and replaced with
legal tenders the people should de-
mand the free coinage of silver. IL
the farmers will be true to themselves
they are masters of the situation. l
quote from the census of 1890. giving
value of the following farm products:
Corn. wheat oats, barley rye. buck
wheat potatoes. hay. tobacco, cotton.
wool sugar and molasses were valued
at Sc. 600 600. 900. Now allow me to
add for other farm products. such
as vegetables. fruits and domestic ami
mails. ETC.. "a. 0OO. 900. O00 giving farm
values of $40. OOO 900. 600. The Peo-
pies party proposes the government
to issue all money at tax not to ex-
coed per cent says writer in the
Topeka Advocate. which on farm pro-
ducts as above quoted would amount
to 5000. 900. O00 If we now add coal
and all manufactures. we have an
amount upon which 2 per cent would
meet expenses of government The 2
per cent. would come through govern
ment loan tax replacing the present
mortgaged indebtedness which the
products of labor must nearly balance,
taking the place of present credits as
cash. thus wiping out all other taxes
and usury, giving us single tax i'm
possible to dodge. You can readily
see that all money issued by govern
ment would be evidence of service
performed and would take the place
of the present dishonest capital COM
modify credit money now in use. and
would nationalize land and our indus
tries. But the farmer will say. l do
not want to lose my individual title to
my farm. 1t is the only way to make
his title secure. He would hold the
improvements. and the land being
held collectively by the people there
could be no speculation in it and
would remain as a factor to hold the
improvement as homesteads to labor
improving each home Under our
present system our exchange is an
evidence of debt thus making our
land a commodity Or base of invest
ment through which dividends are
collected. The farmer failing to meet
capitals demand. his farm is taken
from him. which could not be done if
we nationalized the land through is
suing our money as a factor at cost
which IS the only honest method. All
reformers should rally to the support
OF the foregoing idea because:
First-It is the only single tax that
can be collected.
Second-It is the only way to re-
ceive full return for our labor less
cost of exchange.
Third-It would represent labor in
all improvements as true capital.
FOurth-It would solve the immi-
grafton question through opening up
our land through industrial develop
ment without evidence of debt
Fifth-It would settle the hours of
labor as we would produce for use and
not for speculation. the output being
determined through the proper de-
partments.
Sixth-The tariff would be settled
through removing the power of mil
lionaires internally and externally
taxing the people through dishonest
commodity. money as usury
Seventh-1t would give US access to
the markets OF the world by cheapen-
ing our manufactures through a sim
gle cost tax to be used by the govern
ment for necessary expenses.
Elghth-Government would pay for
all public improvements, thus abol-
ishing all forced debts through sup
ply of natural capital or exchange
money at cost