Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1893-02-22
WE MUST HAVE 1T.
System of Finance That VIII Relieve the
People From the Burden of Usury.

System of Finance That VIII Relieve the
People From the Burden of Usury.
There has been introduced into the
legislature of Washington the follow
ing resolution:
Whereas, There exists throughout the state
of Washington and the United States q condi
tion of business depression and Industrial dis
tress caused by a lack of circulating medium CT
money, in sufficient volume to meet the de-
mands of business and ind ustry; and
Whereas, The state of Washington and all
counties, municipalities and school districts
therein and the people generally. are obliged
TO pay excessive rates of interest for money to
conduct necessary public enterprises. and
Whereas, The same is an evil that is in the
power and is the duty of congress to remedy;
therefore be it
Resolved, By the house of representatives of
the legislature of the state of Washington, the
senate concurrlng, that we demand that con-
gress shall empower and instruct the secretary
of the treasury of the United States to cause
to be printed treasury notes of the United
States in convenient denominations for circular
tion as money among the people. That the
amount of such bills be fixed as the require.
ments of this resolution may demand
That such currency when issued as
hereinafter provided, shall be full legal
tender for the payment of all debts, public
and private. That the secretary of the treas
ury Of the United States shall, under such pro-
w
the same at tax of = of per cent per annurn
to states, countless municipalities and school
districts in sSe Uniied States on approved
bonds Of said states counties, municipalities
and school districts being deposited with the
secretary OF the treasury as security for the
payment of the same within time to be fixed
by congress That when such money is paid
back TO the secretary OF the treasury it shall
again be paid out provided above, or in salts
faction of any obligations OF the United States.
Proposed for the consideration of the
legislature of the state of Washington
Interest is the disease of business and
society. 1t enables the idle to draw to
themselves the substance of the indus
trious Interest on money is founded
on childish misconception. The find
er of a piece of yellow mineral called
gold is possessed of the wonderful
Aladdin's lamp. He commands every
thing that human industry and ingenu-
ity can produce. Why? Because he has
added something to the sum of good
things? No; because it is Aladdin's
lamp, and the slaves of the lamp stand
ready to do his bidding. The modern
Aladdin lends parts of his lamp, and
the slaves must bring two parts back.
The evil grows by geometrical progress.
sion and the slavery daily reaches fur
ther asd becomes more degrading.
That is the theory and practice of in
terest
Ihe exclusive use as money of either
gold and silver, or both gold and silver,
places the world in absolute slavery to
the holders of these metals. There are
81, 400, 100000 in gold in circulation
throughout the world In the United
States alone farmers have promised to
pay SIS, 200, 600. 600 in gold. There is
not gold enough in existence to pay in
terest on debts owed in the United
States
The Barring failure, the Russian FAM
Inc and the steady closing in of the
contraction policy have all combined to
bring about . foreclosure Of these obi,