People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1893-02-17

was worth only unit day. The ad, |
vantages gained by the adoption of an
imaginary unit would be manifold, the |
chief among them being that our vol |
ume of money would not be limited BY
the ridiculously insufficient supply OF |
the so-called precious metals; while at /
the same time we should yet have such |
supply of gold and silver, now avail. /
able for money purposes, to exchange
with other nations for valuable COM
modities
The ideal monetary system of the
the fast approaching "age of reason"
will demonetize and discard entirely
the use of gold and silver, and stamp
print mutual promises to receive up
on paper bills bearing the denomina.
tiOnal values of the several fractions
and multiples Of an imaginary unit,
which unit may continue to be called
dollar, or may be called by some other
name.
Now as to the mode of issuance OF
money: National money must be issued
in compliance with the terms of ma
tional compact expressed in the ma
tional law. National money must
possess, first, safety; second, elasticity;
third, uniformity. These are all con-
ventional terms, used by bankers and
fnanciers They also use another
term, ''convertibility," meaning by
such term. facility of conversion into
gold and silver The ideal money Of
the future will provide for no such con.
version, but will be based upon the
peoples sacred promise to receive in
exchange for all commodities, which
will include gold and silver, las COM
modities). Even now man will as
quickly give twenty-dollar gold piece
as bill of like denomination for food
when he is hungry, or clothes when he
is naked. But the ideal money viii
possess another attribute neither
thought of or desired by the money
mougers of the nineteenth century. 1t
will be free from the curse of usurv.
There will be methods devised bv
which the people (government) will
loan their collective credit (money) to
themselves as individuals at the cost
of administering the system under
which such credit is thus loaned. To
go into details would be superhuous.
and just an idea or two may suffice.
Money might be paid out by the peo-
pies government upon all legal appro-
priatlons and the entire tariff and in
ternal revenue system abolished, unit
the volume of money in circulation
reached a proper per capita limit, then
the graded income and succession taxes
might be adopted to furnish revenue.
Or there might be appropriated two
million dollars to each congressional
district for the improvement of the
public highways Or the land-loan
bureau night be inaugurated and the
homes Of the people saved from Shy
locks grasp Having inflated the
regular normal volume of money to
such a degree that there was money
enough in the country to properly de-
velop its resources and carry on Its in
ternal commerce upon a cash basis, the
banking system of the nation should
be nationalized by the establishment
OF peoples national banks of deposit
loans and discount, and the deposits Of
the people be guaranteed absolute
safety and certain return, such de-
posits being loaned to borrowers at
the cost of carrying on the banking
system. Then put into operation the
sub-treasury plan of loaning an ad.
ditional or supplemental volume of
money upon receipts for corn, wheat
and cotton, issued by bonded state
warehouses and elevators, and Shy.
lock would be dethroned and usury
destroyed. so mote it be."-George
c. Ward, in Lincoln (Neb Alliance.
Independent