People's party paper. [volume] (Atlanta, Ga.) 1891-1898, 1894-10-12
Yours VS.. Ours.

and National, that there should be
an increase Of our Currency.
So say we of the Populist party.
But your plan is to have this in
crease of money to come through
State Banks of issue. Ours is to
have it come from the United States
Government.
Your plan is to have each state
settle for itself system of issuing
notes which are to circulate as
money.
Ours is to have Congress select
one uniform system for the whole
Country. Your plan would result
in forty four different kinds of
money.
Ours would result in only enc
kind.
Your plan would have the volume
of notes issued to be regulated by
private greed and local influences.
Ours would require that the amount
of notes issued should be regu-
lated by the supreme law-making
power of the republic.
Your State Bank money cannot be
made legal tender, therefore is notreal
money, and therefore can never pay
your taxes, your mortgages or your
notes, except by special agreement.
Ii your creditor should demand
'money'' in payment for his debt,
your bank bills are worthless because
they are not money, not legal ten
der, and cannot be made so.
Our plan would give US legal ten
der money, "sure enough" money,
good for all taxes, and for all debts
both public and private.
Your plan creates a privileged
class to which you delegate the
power to issue their due-bills and to
make the people pay interest for the
use of those due-bills. You thus
have favored few enjoying, under
the law, the special privilege Of de-
irving a profit out of their debts.
Our plan proposes to do away
with privileged classes; restore to
the government the sovereign power
Of issuing money; and TO have this
money 60 straight from the govern
ment to the people without the in
tervention of any banks of issue.
Thus we put every citizen and every
business upon an equal footing, with
| OUT special favors to any. Your plan
leaves the business men of one state
utterly uncertain about the value of
the Bank notes issued in another. A
Georgia merchant cannot possibly
keep himself posted on the ups and
downs of forty four different sorts Of
money which may vary in value ev-
cry day in the week.
Our plan gives to the people a
currency which they know to be as
strong as tho government-good
everywhere the flag floats, and guar
anteed to live till the government
dies.
Your plan gives circulation to
notes which, at best, can only have
back OF them the strength OF one
State in TIE Union.
Ours gives you notes which have
back Of them the combined strength
of every State in the Union-every
acre OF land, every dollars worth OF
personal property from one ocean to
the other.
Your plan has been tried time and
again, and has invariably failed. The
temptation on the part of the Bank
ers- the gentlemen who draw inter
est OF what they owe--to put out
too many of the due bills has always
proved irresistible. Wild speculation
ensue, everything booms, bubbles
and then explodes.
Our plan has never failed. No
dollar issued by the government and
made full legal tender ever fell
one cent below the value of gold.
The bonds of the government are
eagerly sought and command pre-
mium. What are they but written
promises backed by the strength of
the government? If the Credit OF
the Nation puts premium on Bonds,
why could not its "fiat," its decree,
its law, put smaller notes at par?
Your plan, you say, is to make a
money WHICH will "stay at home"
A money which stays at home