The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1894-05-25
THE NEW. SOCIAL ORDER.

Mr.. 81. j. Wibel, of Riverside, Cal.
contributes the following able and
thoughtful communication:
In these stirring times, when the
civilizations of the earth are totteriug
on the brink of chaos, and famishing
armies are marching on to Washington,
to victory. to glory or to death, may
we not inquire if all the natural rights
of man have been seized by the states,
surrendered to the national govern
ment and bestowed as privileges upon
money monopolists? If few possess
the loyal right to issue money, does it
not follow that such legal right was
obtained from some form of govern
ment? And the government must have
possessed that right before it could be
ganted? But the government is but an
aggregation of individuals So the
right to issue money must exist in
herently in the individual, and govern
ment nor classes cannot monopolize it,
except by surrender to them or by
usurpation.
The individual once held the moral
and natural right to issue money and it
is not clear that it has been surren-
dered, except that the Individual may
not copy in fac simile the current gov
ernment or monopolistic issues.
But for present purposes we will
waive the foregoing and take our
stand upon the broad and unquestioned
platform that the individual may issue
an unlimited amount of promissory
notes, with or without bearing inter
est, in money or in kind. This is GER
tainly incontrovcrtible, and it gives
the key note to the new social order.
The advanced thinkers have reached
a concensus of opinion that a perfect
social order cannot be esta blished nor
maintained without the abolition OF
money. The means to that end are
| the lines of demarkation between the
schools of reform thought.
The followers of Karl Marx look for
the abolition of money through the
government absorpt on of production
| and exchange; which of course would
destroy money necessarily by the sub
stitution of a time check system.
The statement of Marx is that money
is the basis and cause of surplus val
ues'' and that the elimination of such
accumulation would solve the question
of production and exchange. But must
| it be done by the slow. cautious, and
methodical plodding of legislation and
the unwieldy and cumbrous machinery
| of government, or may it be solved in
| stanter without appeal to electoral cir
| cumlocution? There is O demand now
| for more scientific method of ex-
change and especially as congress has
| crippled the old and ancient monetary
| system to such a plight that it would
hardly suffice for the dark ages
The new system must come merely
as business proposition. And what
more natural and scientific than the
| effective application of the inherent
right of issue of individual promissory
notes, coupled with the well-tried
clearing house system as a mechanical
means of balancing accounts? But
some would fear the over issue by the
individual of worthless notes; but this.
| in isolated communities, could be pre-
vented by a penalty of debarment
But in covering a large territory, the
expedient of the individual transfer of
a trust deed, or bond with waiver OF
exemption and confession of judgment
as guarantee of solvency, would meet
modern conditions These deeds or
bonds to be issued upon unincumbered
property and to be held in trust by the
proper officials of the association.
There would still remain some danger
of over issue as before, perhaps; but
that could be obviated by the clearing
house to members of properly safe
guarded blanks, engraved, numbered
and the amount of sum printed, all OF
which would become a promissory note
only upon signature by member.
| The amount of trust values held by
trustees might be for the sum of s1oC
per member, with an issue of blank
notes to the amount of $50 per member
per month, although this is matter OF
detail only. In practice, then, these
promissory notes would be given fol
goods, labor or services, the same as
any ordinary note, and would pass
from hand to hand upon Endorsement
| and at stated intervals all notes would
be turned into the clearing house and
balances liquidated after first clearing
by tender acceptance OF note as in first
instance, such amount to be deducted
from the members second series o!
blanks This entirety would give q
| system of exchange of product fol
product upon a higher and more scien
tific system than ancient barter. o.
course money would eventually bt
abolished, and that without legisla
ton, and the accumula tion of surplu.
values would cease; competition as We
now know it would be destroyed, bu
not at the expense of individual free
dom
The age of emulation would be borr
and a vast saving in the expense O
maintenance would be saved by th'
necessary purchase by wholesale; Civ
ing all of the good and eliminating al
of the evil of the competitive system
based on the money power. Us'
would equal production for all time
for exchange could not be cornered b,
accident or design and it would keel
pace with production, for it, in I
natural state, is but latent form o
exchange.
That there is a natural scientific de
sire for the abolition Of money canno
be gainsaid, for otherwise the banker
would not have the clearing hous
system as the means to that end (Se'
Jevons, Money and Mechanism of Elk
change-)
There is believed to be no legal oh
jections in the way of the immediate
adoption by every community OF thi
voluntary system, for the law canno