The herald., 1894-04-22

- ~ o. ~AA~ CittSNJO AANfNeNNf
from the National Currency pamphlet
of Judge Widney of April l6, 1891
"The owners of money naturally Do
not want the volume increased. While
it is limited they can control the rate OF
interest and the value Of all labor and
products, and can dictate the price of all
property.
"a corner on railroad rates is danger
Gus go is q corner on wheat, or corn, or
cotton. sugar, wool, or on any OF the
stable products. But of all dangers
corner on money is the worsG. A corner
on money is a corner on all other cor
ners com bined, and can control the 30
cisl and political, as we'll az the produc-
ing, labor and property interests of the
nation. The Rothschilds recently at
tempted g money corner on Russia to
control its internal policy against the
Jews. Russia in retaliation is attempt
ing q corner on gold, and it spreads
dismay and panic smong the nations.
at is claimed that by two or three
men combining in New York they can
lock up enough money to close all the
banks in that city. The volume of
money and the national system for its
circulation should be such that no COR
ner on money can ever be possible.
1.-The laboring classes and those bor-
rowing money constitute about nine
tenths OF the voters, and with this as q
leading issue they would vote in over
whelming majorities for such measure
in utter disregard of present party lines.
But if the present show the people
how not to do it,, by wasting the time
in discussing insufficient, sham and cub
terfuge plans, to deceive the people, they
will certainly pay the penalty of utter
political defeat.
"The homes and property of the
masses, today, are IN jeopardy by reason
of an insufficient volume of money.
Nine million homes mortgaged at high
rate of interest, annually eating up the
home, means 5000 600 solid vo:es for
more money.
"In addition to this the industries of
the nation are seriously crippled; the
further developments OF our productive
areas are brought largely to a stsndstill ;
the laboring classes are out of employ
ment by the hundreds of thousands be-
cause employers cannot get the money
with which to pay for daily labor.
GAS a nation we want no money for
the people which is only backed by the
responsibility of small part of the
people having absolute control of it for
selfish ends.
"ln preparing the scheme which is
submitted for your consideration / have
retained the safeguards existing in the
money systems OF the United States,
England, France and Germany, and |
! have added such measures as will give a
uniform, practicable, elastic system,
free from initiation, contraction, repudia-
tion or q chance of the abstract standard
OF value. system based on the author
ity of the people, backed by the wealth
OF the people and administered for the
| benefit of the whole population. Using
all of our gold and silver and supple
menting their use by legal tender OF
$40 to $25 per capita, which represents
2 cents on the dollar of our national
wealth. =.
''In conclusion let me say that the
people should demand only such money
system as will do justice and equity to
all the people aud all classes. While
you complain OF being overreached, you
must not in return overreAch, or do in
| jdstice to others. l would impress upon
you that all schemes for q national sys-
tenn of finances, that are based on the
idea OF giving class of persons or banks
power to issue or control the issue OF
money, are dangerous 2l0 sooner or
! later will be abusef HI Nand consti-