The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1893-03-31

directly by the government without tho
requirement of tribute to individuals
or corporations as condition of its
issue, tha5e who own the bullion will
control the money volume in che coun-
try whether it be mono-metallic or BIZ
metallic. There is nothing TO be gained
to theepeopie by division of this con-
troll between gold-bugs andb silver-bugs.
1t may as yell Sc left as it is unless we
can have a government issue of legal
tender currency, in addition to the alb
solutely inadequa8 supply of metallic
money, wahh shall be amply sufficient
for the Demands of comsnerce.
We nSust alsohave system OF postal
savings banks, where money may Be
deposited with some degree of safety,
and where exchanges may be effected
without robbery. oTlfe peoples party
proposes 20 move forward and not
backward and the News may be as
sYred THAT, SO long as it has an exist
ence, it will never surrender its do
pands upon the questions o. land,
transportation, finance and the means
of communication for any single issue
whatever. (Kan.) A5vocate- Q
A PEOPLES BANKING SYSTEM.
The business of banking is n far moro
important factor in tho business of eX-
changing wealth than money. 1t is
estimated thato ana a-half
per cent. of the business of the United
States is to-dey transacted by means OF
bank credit in the shape of checks,
drafts, etc. This minfSpising the use Of
money byaneans of settlemento through
banks and casarhg houses practically
increases our q currency ninety-seven
and a-balf per cent. loIt this increase is
for the benefit of the Banks, as it en-
ables them D loan and reloan mdny
times over the moneG that belongs to
deeosttors, asJwell aso their steady in.s
come from ths interest oeceivcd thereon.
From this simple statement Of facts.o
familiar to- all, it is evident that our
most direct way ont of our present
debt t-burdened coreiition as people
would be to nationalize the business of
banking sud give tlasGopleothe benefit
of all that can be gained by minimizing
the use of money and the lending of de-
positSOn productive securities as banks
now do. All these government banks
could ask would be enough to operate
the system. Under suclf system de-o
positofs Owould be absolutely safe, and
the amount oof money reouoree would
always be Kept at a minimum and yS,
almays be oetainable at a rate of 6nter-o
est or money tax SO l6w that no
prisae leneer0 could aSfsrd to
comSete,s'So Instead 0a3 raing bank
credit as we alo now in TIE
TRANSACTION of business. the people m
der government banking would use
their own public credit, (Which isahe
equivalent of cash. We gill acver havs
the full measure of reform in our monc-
tary system, demanded by equal jusoic"
to all, ,'until we have established sys'
TEN Of snanchl extaange under wd5ich
the people have equJ opportunities tc
use the ps bile creddoto facilitate produc. G
ton and distribupoHo An ideal msne.o
tarS system must needs include the ma
tionalizafion of tine business of bank.
ieg "a critical analysis of the 0mahpa
platform Owill reveal the fact that it
embraces every principle ohieir'i is oes-
sentia to complete system of governo
ment banking. by the people and for
this peo&e. Sucai Il 9ystem provides
absolute safety for deposits. uRtedo
wita the power to create money if need s
be, to ineet every demand But for
purposes of loans, the deVesits would
ordinarily DE sufficient If they we5e
not, il would demonstrate that the ting
had come t6OcreatesJnore rnoney. If dc:
posits exceeded Othe demand foo loaHs
the excess svould be in oth3 possession
of the goveparoenf arsa retired frouP cio
culatioa. BnJer such . system thee c
could neithef. be cootraceioo nor SSd
ihhati6s The supply would anyays be
equal % tbe demand and the coet 90 the
people would be o6aly Che necessary ex.
pense of operating the System. {, Suci
would be goverrf7nent bansing.-oAlnA
(Kanl loNewa 90 90